The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1910-09-18
IMPORT EXCESS
MARKET FEATURE
Condition of Our Foreign Trade
One to Excite Attention of
Financiers.
SIGNIFICANCE LOST in
LATE POLITICAL TURMOIL
Our Prices on a Basis Which
Places Us at a Dis
advantage.
METALS
WOOL
PRODUCE
BY RALPH EMERSON.
he Tribune.

hy Leased Wire to The Tribune.
sill INV ", 1l YORK Sept l7;-walI street is
change for the week. business lags and
Pensss. viii It's Interest 9 alvsrted @ 70
fairs. 1t is not surprising that the finan-
! cal community should have lost sight
OF the curious problem OF the import
agricultural exports during August
Shove showed an increase of $500. 600 over
| 1903. there was rather general feeling
that we were on the way TO restore the
usual monthly export balance. But IL
was not TO be. Phe New York Gus
at this port the months importations
ran no less than $4,000. 900 beyond last
year apd today complete returns Of the
country's foreign trade In August once
Imports over exports
1t is now more than a year since this
pasnSmshcn pn, Snsn Which had at that time
appeared. During this period. beginning
with June OF 1909 eight out OF the
fourteen fourteen months have reported larger
more impressive still Is the fact that the
balance for the eight completed months
b 1si0 4 falls on hs mRo5' pIo side NOT
pened IN ffteen years-even IN 1909 the
same eight months period produced an
eeSSPort rs surplus $40 Of no less than $50 900
and conflicting inferences in connection
with this showing. for 1910 to date, 1t
will be sufficient for the moment to d.
rect attention to the main facts. which
the figures seem clearly to establish. One
Is that our foreign exchange position cam
not very we'll be normal under such con-
ditions; the other that our prices for
commodities In general must still be OH
q basis which puts us at disadvantage
as compared with the outside world.
From the mere financial point of view
one might imagine the recent succession
Of political incidents as a series of as
saults on the market equilibrium. the
force and evidence OF each increasing
when tho one before had produced no
tangible results.
The Kansas primaries began the ex-
pertinent; with Mr.. Roosevelt's tour the
political sensation reached O higher pitch;
then the Vermont election. and at length
the last Mondays blow at the center:
the news from Maine. could doubt that
she went hell bent and thet her man
ner Of going portended pretty clearly
Now. at least It would certainly appear,
was the time for financial markets to
show signs OF life and TO begin display
ing apprehension.
The manner In which they did 80 may
become something of an odd tradition.
There has been rothing wholly like It
snSe the day IN Mqed ,Hs yo4 eersa wnen is nse
solving the Northern Securities company.
when all Wall street gathered about the
ticker 10 Watcn the collapse III STOCKS.
and when prices forthwith moved up 10
points. -.t
After an Irregular opening, IN which
there was a strong undertone, the stock
market grew strong. and although trad
ing. as on other Saturdays. was con-
fined to a comparatively small numper
OF issues prices were fairly we'll main
tanned The chief interest centercd In
the Interborough Metropolitan Issues and
in Consolidated Gas. Both the common
and preferred stocks of the Interboroush-
Metropolitan Street railway showed at
times gains over Yesterdays best fig
ures, and Consolidated Gas was decid-
edly strong. The. standard railway,
stocks too. had their followers. but most
OF the, industrials were neglected. The
Steel shares for the greater part OF the
session however showed an absence or
the pressure to sell that has been 80
conspIcuous for some days past The
market closed steady. The bank state-
ment showed similar losses in reserve
amounting TO about S. 500, 900 The actual
statement showed a gain In loans OF sl7.
e3o. 500 against the average gain or
S1p N