The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-24
BALANCE OF TRADE
SWINGING THIS WAY
Exports Increasing Daily,
While Imports Are Fast
Falling OFF.
FOREIGN CASH POURS IN

Exports are daily increasing, while I'M
ports are daily decreasing. with the result
that the balance Of trade In steadily grow
ing In favor Of the United states, accord
.ng TO the daily and weekly figures COM
piled at the custom House.
Yesterdays recorl for the day showed
an excess OF exports over imports OF
sb9o2SS This excess was 80 per cent
greater than the excess OF the correspond
ing day OF last year.
Exports yesterday we're 1881, oss. as
compared with si.s20.21s the day before
and s2.99o,Os5 last year
Imports yesterday were s3.o6o.7s5.
comparing with s2.2Oo.213 the day before
and s2.652.1se last year
The most satisfactory development of
yesterday In the solution OF this countrv's
balance Of trade problem was the evidence
supplied by figures Of imports OF mer-
chandise and dry goods for the week
ended October II. that this country is taxi
Ing less from Europe.
Money Pour- Into Ranks.
Imports Of general merchandise were
sl4,S26, OBJ, a decrease Of sl933sl from
the previous week, and decrease OF 81
0s7.07S from the corresponding week a
! year ago. Imports of dry goods were So
! 929,157. a decrease OF 800 900 from those
! OF the previous week and a decrease OF
| S325 900 from last year at this time.
Steady pouring In OF funds at the banks
| by European Governments. directly as well
| as by private commission merchants
known 10 be acting for the nations at war.
was reported yesterday. II was learned
| that a single deposit Of 81 900, 900 was
made yesterday with big trust company
| by a foreign buyer.
One OF the large banks In the financial
| district received an order to pay a bill
| Of 81 900. 600 for woollen cloth purchased
for a foreign army
| Officers OF the French and Russian
cavalry are especially active in the hunt
through the markets OF the West for
| horses and mules. a New York bank
| holds the account for payment OF a ship
ment OF 10000 horses for the French,
| which were recently reported as having
heen purchased in 81. Louis. Kansas City
and adjacent markets.
Packers Kept In n Rush.
The demand for cattle, II is reported. is
| Increasing, although there is lisle direct
buying OF live cattle by the Purchasing
agents OF the European countries, II Is
thought by these men that there Is too
much risk OF loss through death in trans
portation and the buyers are entering tho
! market for canned meats
The result is that the Armour plant and
others at Chicago are working night and
day, It was said Yesterday In Wall Street,
| The purchases OF these plants OF live
cattle are therefore increasing. though
the buying Is more carefully scaSered
| than IL would he IL the foreign agents
were in the market for large numbers OF
| live steers.
The shortage OF Jute and burlap for
bags OF all kinds - becoming more
pressing ii was reported. as the result
Of the holding up by the Emden and
other fast German cruisers In Indian
waters of ships with cargoes OF this
material. The trade reports that five
steamers loaded with jute and hurlar
sailed from Calcutta between october
and October IL for New York and Boston
Their arrival Is being anxiously awaited.