The sun., 1905-09-19
Good American Business.

II Is GOOD America business when the exports OF
one month exceed those OF the corresponfilg lg
month OF the preceding fiscal year by more than
SIS 100000. or Sl.OO0OO0 for each working day.
That was the case last month, the figures being
sli7,4hs,oOo and So. .25a.oOo respectively. Export
ing American products and manufactures At tho
rate OF nearly Si,700.0OO each working day easily
gives us nrst place among the exporting countries
OF the world Still. compared with Our resources
and business activities generally, our exports
should be much larger. and they will be when Our
manufacturers and exporters make up their minds
TO 1t and act accordingly. For the eight months
ended August tho total OF our exports vas S0o8.-
1853 600, an increase of sil5.i50.000
Under the same, comparison the import hguros
for the two Augusts sos s28 900 and 000
respectively, an increase, OF &s,068,0O0 For tho
eight months they totaled S77o,s4S 900 and WI 100
O)O respectively, an increase OF SlOS.076ooo. Tho
net result OF imports and exports for August was
si2 900 increase In our favorable balance OF
trade. which Stands at s96 900. 900 for 1905 eight
months against Ssi O00,0 900 for 1904 eight months.
gain Of S2 600. In other words we were even
with last year the favorable balance on July 81.
and went ahead Si2 100000 In August Of this year,
il Is also good for American business that the
Reading Railway Company, for itself and for the
Jersey Central is in the market for oooo freight
cars and that contract is TO be given out In Wash
ington by the Southern Railway Company for $50
steel nat cars, $50 low side steel gondola cars and
for ninety locomotives.
1t Is also good for American business that the
Pennsylvania coal and coke tonnage on lines east
OF Pitsburg and Erie for the year UP to September
was 803 .2S7 short tons. against :7.lS6024 short
tons for the same period OF 1904. an Increase OF
3,l84 eos short tons.
1t Is good American business that on September5 S
forty six State banks in the Empire State, while
showing an increase OF s3,59l,oC0 In loans and dis
counts since June Z, were also able to show 81
100 OO9 increase In specie held. s7S500o increase
in cash Items 81 Si4 900 increase in cash reserve
and $l09. 900 increase In net profits.
1t is good American business that bank clearings
In the United States In the week ended Sept were
~ ,ze2, 900 900. increase the same week OF
last year of s546607 900. or 3ls per cent. The
highest gain for any one city was 45 per cent for
New York.
II Is good American business that the tonnage
Of vessels clearing from Chicago In August was
i.2so253 aggregate. represented by laos vessels.
or forty eight vessels for each working day. That
result Is a record breaker for Chicago.
1t Is good American business that the completed
returns Of eighty Ave railroads for July show a
gain In gross of $l0ii 900 and in net 100000. or
9.is per cent. What fine showing may be cx-
pected when the railroads have moved this years
record breaking crops Of corn. wheat and other
cereals.
Its good American business bureau OF Statistics
Hgurcs) that our exports Cuba In 1905 fiscal year
exceeded those OF lLos o> silOOo 900. to Austria
Hungary by t94OO.Uh TO Denmark by $4,000.
Italy by s. 600 to the Netherlands by $3.50 00O
to Rumanla tprsctlcauy new market for us, by
ssos OOO 10 Spain b. 1880 to Canada BY &c.
5O7, 900, to Guatemala by 1893 900 to Panama By
ss 7O4 .0oc, TO Salvador by 1852 600: TO all Central
America by $3.50 OoO to all West Indies Except
Porto Rco by I'll Ois.oO0. 10 all North America by
s25 600. Argentina by 90 os2 900. to Chile by
S77Sooo 10 Ecuador by ssss 900, to all South Amer
lea by Ses47 0OO China by SO 0S4 OOo TO Straits
Settlements by $3.50 OOo 10 Japan by s26.7<4o ooo TO
Corea by ooo 70 all Asia by ss7 4se ooo to tho
Philippines by eco, to French Africa by $751;
900, and 70 all the world after deducting shrink
ages, by SIS, 900 600.