The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-05-20

Thus II VIII be seen that from January TO May Is
we imported to New York alone $174,llo74s in
1872 against $780, 100 $50 in 1871, while exported
only $50 s43 produce In 1872 against ss9ae2 s73
In 1871. Thus, while our imports in gold value thus
far In 1872 s35 900 in excess OF the amount
imported during the same period last year, our ex-
ports Of produce In mixed values have fallen of
nearly 50, 000,ooO Again, from January to May 10
1871 exported s2s, 091 In specie and bullion,
while for the same period In 1872 we have shipped
only $1s,09 ASH Here 1t win be seen that with an
enormous increase In our imports in 1872 our ex-
ports Of both specie and produce show fall
Ing of, as compared with last year, when
our imports were much smaller. This
fairly shows that so far as New York is concerned
the balance OF trade against has kept increasing,
and what is true OF New York Ia true OF the whole
country In q larger With this large increase
IN our imports and the reduced line OF exports, as
Europe has almost ceased to take securities,
the facts in regard to the specie movement have a
particular significance at this time Everything
points to continued large shipments In the future,
not only TO bring the total up to that OF last year,
but also to hqudate portion OF our large and in
creasing foreign Indebtedness. As we noticed
above, the gold market yesterday discounted the
passage Of the supplementary treaty when 1t had
only been reported fayorably upon by the Foreign
Relations Committee.
or THE sroOK EXCHANGE
similar hopeful anticipation prevailed and late
In the afternoon spasm OF buoyancy occurred, in
which prices became quite firm. During that pc
ri0d Erie upon rumor that Commodore Wander
bilt had entered into the contest for the control Of
that road, advanced to 73k. This, 1t may be said,
y ridiculous report as IL scarcely possible that
ut his advanced age Mr.. Vanderbilt would care
about assuming the responsibility OF Erie manage.
ment. For some years now he has refused to enter
into any railroad control other than New York Cen.
tral and Hudson, and as he has the construction OF
rapid transit city road to supervise this will give
employment enough Pacific Mail was the leading
feature In the stock market during the week. and ,
early in the week caused great excite
ment by its rapid advance With the
closing out of the Broad street opposi-
ton on Thursday the excitement rapidly
subsided but 1t maintained its special distinction
over the rest OF the list up to the close The
changes in this stock during the past few weeks
have been many and the evolutions OF those ope.
rating in or controlling 1t so rapid and frequent
that It would be unsafe to assume that even now
matters are In the position they were on Thursday
night. II Is almost assured that the present man.
agement will be reelected; but beyond that there
" no ground for any belief and even that contains
come element OF uncertainty. The market has been
largely Influenced by the discussions growing out |
o. the treaty negotiations, and will probably con-
'hue subject to that influence during this week as
Notwithstanding the Washington dispatches there
~ every prospect OF much angry controversy before
we nna ratification is reached n ever that result is
obtained
THE OUTLOOK IN THE MONEY MARKET
W favorable TO easier feeling at which a ana
per cent may be anticipated as the ruling nn,res.
yesterdays bank statement shows a gain OF
sleoao In ueenbscks and 1904, 700 In gold maks
ing the following exhibit