Texas Mining and Trade Journal, Volume 4, Number 10, Saturday, September 23, 1899 Page: 7
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TEXAS MINING AND TRADE JOURNAL.
ever before in August and exceeded imports by $37,929,609, part-
ly because exports of staples were $9,366,978 larger than last year,
also because exports of other products, mainly manufacturing,
were $10,348,000 larger than last year and larger than any other
month of any year. Fears that great advance in prices might
shut off exports of manufactured products have not been un-
natural, and it is more gratifying to find that such exports con-
tinue and expand. The excess of exports over imports gives
fair promise of as large a balance in foreign trade to the benefit
of this country during the winter as has ever been seen. That
manufactured exports do not fall off, but are larger than ever, is
both surprising and gratifying. The volume of business now in
progress has never been rivaled.
"The great movement of grain, in wheat and Hour, was little
larger than last year in August, and in two weeks of September
5,920,273 busheis, Hour included, from Atlantic ports, against 5,-
423,076 last year, and from Pacific ports 755,559 bushels, against
364,144 last year, is far more effective in preventing a decline in
prices than any official or unofficial estimate of yield. Govern-
ment reports indicate a wheat crop of only 510,000,000 bushels,
but last year the September report indicated 585,000,000 bushels,
and afterward the official return made it 675,000,000 bushels. One
would be surprised to see a like revision this year. The price,
in spite of good exports, has fallen one-quarter of a cent.
Western receipts have been 13,669,455 bushels in two weeks,
against 14,663,895 iast year, and corn exports 6,083,212 bushels
against 4,351,331. The feeling is not unreasonable that foreign
needs are just now well indicated by the corn movement.
"At this season cotton shipments are always small and hopes
or fears rule the market, but prices have declined during the
week a sixteenth with a little less buying on foreign account.
"Eiftraordinary efforts to increase the iron output failed in
August, partly because the stoppage of a few large furnaces for
repairs more than balance the addition of thirteen small furna-
ces. To the producing force and partly because hot weather
prevedted full production. The reported output—267,335 tons—
against 267,672 August l,with decrease of 22,347 tons in unsold
stocks indicate a consumption of 1,209,012 tons during the month.
Purchases of 60,000 tons of Bessemer and 20,000 tons of other
iron are reported with advance in Bessemer to =n23.50 at Pitts-
burg, but quotations are wild because of premiums paid for early
delivery. Plates at the East and common bars at Pittsburg are
$1 per ton higher, and wire nails have again been advanced $3
per ton. Orders for plates include several for export and one
for a vessel in the Delaware River, with one for Venezuela at
Pittsburg, but many for ail forms are refused because the works
are unable to 011 them on time, and some orders of much im-
portance have been withdrawn at West on account of the delay
unavoidable and the high price charged.
"The heavy sales of wool—12,056,900 pounds—for the week,
and 21,282,100 for two weeks, against 36,629,400 in 1898, are large-
due to manufacturing purchases at Boston, but there as else-
where, the buying is mostly based on expectation that London
sales, beginning last Tuesday, would show an important advance.
Prices here are stiff and the demand for woolen goods of all sorts
is strong."
WASH!NGTON LETTER.
WASHINGTON, SEPTEMBER 21, 1899.
\ 7* HILE it is unquestionably true, as stated by Government
V/V' officials, that the object in ordering Professor Worces-
ter and Mr. Denby, civilian members of the Philippine
Commission, to proceed to Washington at once, was to enable
the Commission, with l?he exception of General Otis, to assemble
at Washington and prepare a report before Congress meets,
there is another, and as many consider a more important object
in getting the civilian Commissioners away from Manila before
the next campaign opens. That is, to put a stop to negotiations
which so hampered the last campaign in Luzon and were pro-
ductive of nothing but delay, which was advantageous to the
Filipinos. Present plans do not contemplate any more negotia-
tions and the surest way to prevent them was to order the last
of the Civilian Commissioners away from the Philippines. Noth-
ing but unconditional surrender is to be allowed to stop the fight-
ing during the coming campaign.
THE OHIO CAMPAIGN.
THE Administration has prepared to make the Ohio campaign
one of National importance, and to fight it upon National issues.
It recognizes that Mr. McLean is a strong candidate, and that the
President cannot afford to lose his own State this year. At least
two members of the Cabinet—Postmaster-General Smith and
Secretary Wilson—will stump Ohio and ask an endorsement of
the Administration and its policy. They will defend expansion
as just the thing needed to extend the foreign market for the
surplus products of this country, and vigorously combat the
claim that expansion and imperialism are synonymous terms.
As the opposition seems willing to make the fight on National
lines, the voters of Ohio are not likely to lack full information
on both sides of the questions at issue during the next few weeks.
Both sides will agree until election day that the result will prac-
tically settle the Presidental contest; after the votes are counted
the losers will, of course, declare that it will not influence the
National campaign at all.
QUEEN WISHES TO AVOID WAR.
As WARLIKE as the situation in the Transvaal Republic now
looks, the average educated Englishman who visits Washington
expresses the strongest confidence in a peaceful settlement of
the squabble between the little South African Government and
Great Britain. The cause of this feeling of confidence in peace,
according to a Londoner now in Washington, is the belief that
Queen Victoria has fully made up her mind that no war shall
mar the last years of her long reign, if it can be avoided with
honor. It may be that distance lends enchantment to the view,
but it is certain that the average American does not see the Brit-
ish foreign policy in any such rosy light; nor does he believe
that the Queen's wishes control that policy to any marked ex-
tent. As a matter of cold, every-day fact, there has not been a
single year of Queen Victoria's long reign, not excepting the
present one in which Great Britain has not been engaged in a
war of some sort in some part of the world.
FACTS ABOUT SIBERIA.
THE rest of the world is just beginning to realize that Russia
will be a future factor in industrial matters. Siberia, which for
years was thought to be a vast wilderness, vised principally to
shorten the lives of Russian prisoners of State, is now known to
be one of the finest agricultural regions on earth. A late report
to the State Department from the United States Consul at Chem-
nitz says: "Siberia and the Amur lauds are rich beyond belief.
Their 5,213,956 square miles are inhabited by only 4,000,000 per-
sons. In recent years, however, the number of immigrants—
400,000 last year—has been equalled only by the tide that poured
into the United States in the past. This vast territory, long
looked upon as a barren waste, is destined to be one of the
world's richest and most productive sections. The industries of
Siberia are in their infancy; still they are growing and are bound
to grow, so rich are the rewards promised." The wheat crop of
Siberia ripens in 107 days, against 137 days in Northern France,
and will some day become enormous.
AMERICAN COAL IN CANADA.
If a report just made to the Department of State by the
United States Consul at Stratford, Canada, is not based upon ex-
aggerated information, it is only a question of time when
the maket for coal from the United States will be very poor in
Canada, where it now has practically a monopoly. The report
says that a Canadian company expects to put a compressed peat
fuel on the market shortly , which is in some respects superior to
coal, and which has almost as much heating power. The com-
pany claims that the supply of raw material is practically inex-
haustible, and that the fuel can be produced for 60 cents a ton.
The present retail price of American coal in Canada is about $6
a ton.
THE SOUTH ATLANTIC SQUADRON.
"Much ado about nothing" describes the amount of newspa-
per space used to discuss the Navy department's order directing
Rear Admiral Schley to hold himself in readiness to take com-
mand of the South Atlantic squadron. The Department never
assigns an officer of Admiral Schley's rank to any duty not de-
sired, and if Admiral Schley doesn't wish this command he has
only to drop a hint and the order assigning him to it will not be
issued. It is not a matter that will be decided by the newspa-
pers but by Admiral Schley. He has no protest to make against
the assignment. As a sailor he will obey orders without a mur-
mur. He called upon the President Tuesday afternoon and told
him he had no complaint to make. He would cheerfully assume
the dnty of any post selected by the authority which it had been
his pride to serve for forty-three years.
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McAdams, Walter B. Texas Mining and Trade Journal, Volume 4, Number 10, Saturday, September 23, 1899, newspaper, September 23, 1899; Thurber, Texas. (https://texashistory.unt.edu/ark:/67531/metapth200525/m1/7/: accessed April 24, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Tarleton State University.