Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-11-02

Lf,.Ut
Chicago ......, Gg0o '253 SSo
Sorf Newport News 554sSS 54sSS5S ifs3i,392i 89i
New orleans ......... 52T5,T2T 9,OS3 5s5
Philadelphia ~ " SSIS3 .E5i9 GGi
san Francisco ....... T4322O5 T,iG2 T4i
statue ..s...ss....... 4.O413ES TgO.
lacona ...,,......... 412.T5T .SO2, 200
Totals .....,....... tlOe,a1, 2et si3a.oel. .o3i
70 Exclusive SSi Of October 81 figures for which
S'o not yet available.
Although detailed reports Of the char
acter Of the exports for the last month
are not available. Il is assumed that the
greater portion consisted of foodsturs
ana war supplies. In the month OF Sep
temoer trade gains we're due almost en-
tirely TO the sale of foodstuffs and war
supplies Since then there has been a
marked Increase In the shipment OF cot
ton and manufactured articles. There are
also Indications that trade with countries
besides those involved in the war Is in
creasing.
The Increasing trade balance will go
far toward solving the international ex-
change problem which Is now under con-
sideratiOn by American bankers and
Treasury Department officials. The com
merclal tide. which has turned In favor
of the United States, will materially re-
duce the Indebtedness Of this country to
Great Britain. and the present month be-
gins under moro favorable circumstances
than did October. II is also expected as
time goes on that the demand for Ameri-
can manufactured products Of all kinds
by countries which formerly depended
upon European markets will increase.
Record Wheat Export
WASHINGTON, Nov 2.--According to
the statistics of the Bureau of Foreign
and Domestic Commerce the value Of
foodstuffs sold abroad in September was
s7O,4S7, $50, nearly double that of Septem-
ber a year ago, when the total was
sSS. .7SG, 2iO.
The war demand for wheat brought eN-
ports for the three months ending with
September to the highest point ever
reached in any corresponding period.
Total exports. including flour in terms OF
wheat. in the three months aggregated
IS, 900 bushels, compared with 100000
bushels in that period a year ago
For September exports Of -four were
about normal, but the wheat sold abroad
was more than twice that exported during
the month. The wheat total was 26OOlOOO
bushels France bought I,7520O bushels,
the United Kingdom 6,66i,0 bushels, the
Netherlands 2.2Ol 900 bushels, while other
European nations bought 5,39O.OOO bushels
ported to Canada while another effect
of war was the shipment OF $4,000 bushels
TO Brazil Exports OF flour to Latin
America nearly doubled those OF Sep
tember one year ago
Exports OF fresh beef in September
amounted to 100000 pounds II times that
sent abroad in September, 1913. The 3.OOO,-
600 hounds of canned beef exported was
eight times the amount sold In September
last year.
The increase in refined sugar exports
was tremendous in September 52,2oOOOO
pounds being shipped abroad. compared
with 3,92I,d0 one year ago.
Seth Low Optimistic
NEW YORK, Nov. 2--In statement
to the World. Seth Low, president of the
New York Chamber Of Commerce, says:
1T is quite clear that very marked
Improvement has taken place in the
business situation since the 1st OF Au-
gust. Foreign exchange is almost normal
and the exports OF the country are rapidly
assuming a volume that will help to
keep 1t So
The cotton problem appears to he
well I'm hand. so that We may reason
ably look for decisive Improvement in
conditions as they affect that staple.
THE fact that the banks of New York
are paying on the clearing house ceru-
Gates and have begun TO redeem the
emergency currency is another important
factor In the general improvements. The
opening OF the Federal reserve banks
November l6 promises still further to
improve the situation.
"All of these things spell marked inn
pcovement, and they ought TO awaken
new courage"
Bright Outlook in West
Henry T. Scott. VINO was president OF
the Union Iron Works of San Francisco
when that concern built the Olympia and
the Oregon, and who is a director of the
Panama Pacific Exposition, sees great
deal OF hopefuness IN the business out
look generally
Notwithstanding big failures on the
Pacific Coast before the war, involving
many millions of dollars. and the fact
that the English are not buying Califor-
mia apples as usual. Mr.. Scott says the
situation is very good out there. and he
asserts that when the Panama Pacific
| Exposition opens on February 20 it will
not owe dollar He looks for a big at-
tendance from all over the United States.
/ arguing that thousands OF persons who
might have gone to Europe VIII make the
4 transcontinental trip instead.
"All our crops on the coast-wheat. bar
| ley, fruits, and l may add, salmon for
| salmon Is a regular crop with us, are.
! or have been excellent" said Mr. Scott
I at the Ritz Carlton yesterday. THE only
I line in which we have been hit is the
apple crop.
THAT crop was good-magnihcent. In
I fact But you see. our apple crop has
/ practically all been going to England.
/ That may strike you as odd but il is
| fact that OF the apples grown in The Del
| Monte district, which l think must
| amount to something in the neghborhood
| or 5000 carloads, all have been taken by
| England in the past, and II you went
/ down there and tried TO buy a box, IL
| would have been impossible. How far
| the regular shipments have been going
| OFF l don't know.
Fine Prospects for Panama Fair
| "out our way we had had very bad
conditions before the war came on. There
| was the 'Borax' Smith failure. and then
there was the Oakland Railway business,
which had to go into the hands OF a
I