The Washington herald., 1911-03-12
WALL STREET NEWS
Increase Shown in Exports
of Domestic Products.
IDLE CARS MORE NUMEROUS
Analysis Shows Conditions Improv-
ing, Despite Appearance of Report.
tinue to Improve-OutIOOk Is for
Abundant Crops This Season.

New York, March 1.-THE most inter-
esting piece of financial news to-day was
that contained in the government 5
monthly statement of exports of domes-
tic products for February. These ship
ments amounted to $S7,959,OOO against
a9,545, 900 in the corresponding month last
year, or an increase of nearly $36 600, 900.
There was little expectation that the
high record of excess of exports of this
kind made in the previous months and in
the last month of 1910 would be con-
tinued; but the record, it seems, is ac-
tually exceeded.
The financial news slips contained the
announcement that the surplus of idle
freight cars within the last fortnight
was increased by 1900; but analysis
of this statement again showed, as it has
heretofore during the winter, that the
mostly in coal cars. Coal for climatic
reasons has moved far less freely this
winter than usual
More Cars in Use.
Also the car statement is highly col
ored by the circumstance that the cars
IN use by the railroads are 10000 more
than they were last year at this time
The stock market was wholly without
feature, the dealings in il being again
greatly reduced with net changes in
prices almost inconsequential The week
ly bank statement indicated, as was
fully expected, the effect upon bank re-
serves of the beginning of the season
able movement OF money out Of the city
to the Western farming centers
For period when prices on the stock
exchange have fiuctuated practically not
at all. the history of last week was sin
gularly rich in interesting and impor-
tant developments.
reports As TO general business opera-
uons continued to show moderate. though
sustained Improvement. Statistics Of pig
IRON production rs gathered and issued
TOT the preceding month indicated an
increase in output OF about - per cent.
the first time that any increase has been
shown for nearly a wear
Conditions Show Improvement.
The United States Steel Corporation :
report of unified orders on March ~
strongly testifies to the lettering con-
ditons, inasmuch although shipments
from the mills OF the corporation were
heavily enlarged, new orders were booked
at the average daily rate Of nearly loo.
as against 5000 tons in January.
The monthly figures Of the Conner
Producers Asmsociation pointed out that
the copper mining industry was still one
that was depressed moro than most
others. inasmuch production conditions
run above consumption. Another weak
spot in the general situation was in 4
comparative sense the coal trade.
1t IS figured that owing to the opcn
winter the use of coal in the last few
months has been much less than the
normal; and YET compensation for this
Is so richly afforded in the help given
by climatic conditions to the as7-icui,ur1I
prospect. The governments report Of
cereals in farmers hands showed a 1af.-rr
percentage of grain in store than is Gus
tomary at the beginning Of March. The
outlook is, therefore. for abundant cvopS
lower prices for fOOdstuffs. and chcarer
cost OF living.