, 1873-05-17

Thus, without any statistics Of tho incroaao OF
exports from tho cotton ports, which must DO
very large, VIC find that there has boon IN in
c1eaao Of $3.50, 600 900 in tho value Of exports OF
products. Tint this vast tnoreaBo has been to q
grcat oxtont very recent. is shown By tho OK
ports from tho port Of Boston, vhioh for tho
month Of April wero 34,44G,573, against s., ,37G,.
IS 652 ~ IN March, e2.74s'3Sg7l g. In Fobrlary. and
$4,000, ,0D0 in the exports from San Francisco for
the four months over the same timo iii 1879 arc
moro evenly distributed oyor tho four months.
though oyon thoao. tho heaviest exports Of
wheat, which constitute n groat part, II not the
whole, of tho increaso, have been since February+
Tho increase of imports Of foreign goods ovcr
tho imports OF last year has been large, but docs
not compare with tile ncreasc Of exports, c.
peciully during tho paat two months. 1T ts ap-
parent that this iB what has intorpoBod to check
the rise in the price Of gold. It is not inlproba
bio TINT tho, increase in tho amount Of Btoriing
exchange made against these incroascd exports
of products from Jun. to tho present tinto RS
compared with tho samo ti,no Inst yoar, is nenrly
$50, 900, COO. It will DO Hean that the situation
three months ago must hayo heen grave whom 80
largo an increase in exports has only had tho
it to dorlinn.
ANY theory as to how long this increase Of OK
ports oyer last year will continue, must, Of
hG n'srGy % sRocutyo Acton texorta
still muc! larger than last year nj this time. The
prico Of cotton is much lowor, but tho Visible
supply Of cotton in the United Statos Is still
1Suu00 bales in excess Of tho supply ut this tsmo
last year. Throughout tho South generally thoro
Heenls to DO m expectation TINT the incoming cot
ton crop will bo tho most valuable ovory raised
in tho United Statos. Tho Montgomery Aduerti-
scr thinks that the money paid for it in itB raw
Btnto will not fnll far short Of 1885,, 000
AS for tho California exports OF wlcat, which
have 80 largely increased tho exports of domeg-
tic products this spring, the prospects Of a con-
tinuance Of heavy exports from San Frnucisco
Et.4n- tC+ 1rr.. k113
wheat to 50 forward, and tho latest roporta from
the Pacific coast show TINT tho rocont fears OF a
short crop weto groundloss.' An enormous
breadth Of lind was planted in wheat, and it waa
fornia would have eyon 8 grcater crop Of
wheat than last year at the harvest noxt
month. Tic drouth Of tho past
month has cut short tho yield
md tic san Francisco commercial Herald, after
careful survey Of tho whole State, concur in
saying that they twill, this coming seaBon l,avo
: full ayorage crop" "noro," aays tho Herald,
THAN over before harvested prior to 1872"
Even tho most dcsponding Of tile California no.
counts Of the crop do not place the oxportablo
surplus out Of tho maturing crop Of wheat at less
than 400, 600 tons, or about 13,000, 900 bushels.
OF tho crops OF tho Northwest, tho haryests OF
which are so much later than California, It is
scarcoly time to speak yet, hut tl1oro has been
nothing yot In tho aspect Of weather md
the Planting to forbid, the expectation
plantodin in tho, ,Wcst and Northwest-it in all in
good condition. Corn has not been planted to
sogreat IN oxtont as last year, but 1t IL not too
induccmont in tho price. From these prospocta
it appears tlat tho chances aro In favor Of as
largo an exrortablo surplus Of domestic products
this yenr as Inst The great bulk Of them wiil
not, however, DO marketable before October.
In tho meantime, tho monthly aggregate OF OK
ports will diminish. md there will DO abundant
OCCASION for largo advance III the price Of gold
during tho summer.
LOCAL sTouK AND BOND MARKET.
Messrs. Lnnt, Preston &; Kcan quote Us fol-