Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1914-10-23
EXPORT TRADE HAS
ITS GREATEST DAY
Value of Shipments from New
York Totals Sum of
So, 1o5,o76.
U. S. COMMERCE SHOWS
GROWTH DURING WAR
BelIigerents Turn to This Coun-
try for Supplies and De-
mand Increases.

NEW YORK, oct. 2s.-Not in any
one day in the foreign trade history
of the United States have exports
from this port reached such high
valuation as yesterday They estab-
hshed a credit in favor of this eoun-
try of sc. 105,0 76. For the first three
days of the week exports amounted
10 s13. 200 900. Yesterdays exports
were nearly double those of Tuesday,
and were Go per cent. greater than on
Monday. They were almost twice as
large as for the same day last year
While exports have been increasing
this week imports have been falling
Yesterday the valuation of incoming
merchandise was 81, 200 900, as against
s4,357 900 Monday The United States
sold 10 other countries nearly $4.000,000
more Of foodstuffs and merchandise
than il bought. Undoubtedly yester-
days business was abnormal, as large
ships sailed with costly cargoes. The
daily average. however, is rapidly in
creasing, and the purchase of war
munitions are steadily offsetting the
loss in exports of cotton.
There is an enormous demand for
horses from the allied armies. The
West is being covered for mounts and
draught animals by agents of the for
eign governments. Over $4,000 900 has
recently been spent for mules and
horses, and were it not for the lack
of sufficient freight room purchases
would have been more extensive.
Dealers in Kansas City and St
Louis have just taken contract to
deliver 10000 mules at s1S5 a head, or
a total of $1,S50,000. In the past
month Kansas City has sold 6,500
horses for the English army at about
M75 each, a total of 81. 1877 800, and the
purchases are continuing. A contract
for 10000 horses for the French gov
eminent has been awarded to St.
Louis. On basis of $40 a horse,
this would mean an expenditure Of
$500. 900. The allies are making pur-
chases also ct Chicago, Memphis,
Fort Worth, Oklahoma City and
Wichita. The extent to which the
lack of freight room is retarding the
buying movement is evident i'm the
holding of 1000 horses bought by
England at Kansas City. While ar
engagements are being made to ship
them to Montreal it is costing s1,500
a day to feed them. The financial
situation in the South is being re-
lieved partially by these purchases Of
animals.
A representative of the British
government this week called at the
Chamber of Commerce, seeking to
place contract for 800 dozen pairs
each of wooden socks and gloves.
Samples are on the way to Europe,
and 1t is expected that a much larger
contract will be made soon.
In the last month, the Merchants
Association has received about rs
letters from foreign business inter-
ests regarding purchases of American
products. Each inquiry, dealing with
from two 10 seven commodities, was
referred TO from three to twenty
merchants. members of the assoeia-
ton. They report satisfactory re-
suits. Machinery, canned goods,
woolens shoes, rugs. hardware par
ticularly, are in demand.
On Saturday, the liner Car will
leave for Archangel with a cargo val
ued at $1,500,000 About 100000 OF it
represents business done by a local
bank on an order from the Russo
Asiatic Bank. Much of the cargo
consists of machinery.