New-York tribune., 1875-07-12
SAILS FROM O'CLOCK =. VI. TO CLOSE OF Dv
MSS 3 O'clock T. VI
SATURDAY, July 10-P. N.


In consequence Of the usual Observance Ol the
National Holiday, the week ending with to-day has
been a somewhat broken one in commercial and
financial circles During the week there have been
several occurrences of unusual interest. among
which have thc semi-Chicial announcement
that the Secretary Of the Treasury intcrIc's ;hc
recent Sp,," Resumption law, 70 give him
the power OF decreasing the bonded debt to any cX-
teHt which u..t bc necessary To cary the act into
effect and thai ,c Aa already sold some fIO.OOJOO0
new Five Per Cents, with the proceeds
of which he has purchased a corresponding
amount of silver, preparatory 10 retiring the
fractional currency. Many friends OF resumption
will perhaps gard this movement as one conmenc-
ing al the wrong rs well as the little end since it
will be found impossible to float silver currency
60 long as .. metal is worth moro than the paper
which, according 10 act OF Congress. j. a lcgdl
tender for debts sill, it IS gratifying to
see an apparently honest ,ioIt although 1t
may povc q instakcn one in thc direction Of a SUBJ
stantial currency Some three week, ago Tn IEIB-
UNE called attention to the whisporings that tie
ported coin balance in the Treasury was not all III
gold but i.iat some eight nine millions of it
in silver CON or bullion By the recent announce
ment it ,.-c..- that our estimate Of the amount
of silver w.s 100 small by fhc SUM- Of 52,oOO,00 or
$4,000, 900. With this light The debt state
ment for the month of June makes but besglrly
show of god balance, even if We accept the state
rnent as true concerning The coin on band and as
sumo that il does not include any memorandum, Of
Syndicate settlements yet TO be made, or any ur-
Cancelled gold certificates received lor CUSTOMS du
ties. The facts to be a. follows:
Coin balance H. reported. s79,S5i000
CON cetncSjss ...... 2 ,79G00J- 31.7gDoOo
Gold balance ................ sl8,15.oO0
IIon which aciuct bonds and
u e. %
Interest due July l. say. 2J,OCo.0O0- SG652ooo
Balanoe Of soll after payment OF all .,,.o.ooo
claims ~ NJ July l.-..-.. sll4U;,oOO
Against this sum there is remaining interest
crucd but not due amounting 20 about Tl3, 900 900,
showing deficit of about 81, 100000, provided all
the gold claims against the Government were at this
moment due and payable. Although we hear now
and then OF an apparent Improvement in this or
that branch of trade, the fact of additional
st0ppagcs Of Eastern mills rather initiates
against the IDEA of positive present prosperity
in the manufacturing and trading interests of Tie
country. An apparent renewal of the railroad war
and the actual movements OF grain do not indicate
present prosperity to the trunk railroad lines as he
following comparison of the grain movements for
five weeks ending July d. 1874, and July 3, 1870,
will show The rcs cipts of grain at Chicago, Mlwau
kee Toledo Detroit Cleveland, 81 Louis, Peoria, aid
Duluth were as follows:
1874. Wheat bush s.7sl56a Corn. bnsh II 2tl4so
lh7J... Wheat bush. JVOOSCi Corn, bush. ), a-l"9
Decrease .. ........ 2ssi.7O0 Decrease 7.Oja2G!
6BlrMRNI, PKON NtAED POSIr
1874 - Wheat bush SJ6j,s59 Com. bush. S.9~7,i6l
1876 Wheat bush. b. II ,GSS Corn, bush. 4,lJOGji
Increase .......,... 2fG.e49 4,-j7.sO7
tIffs ~ kIaAED PORTS.
1874 Wheat bush. l,Oi7,710 Corn, bush. 7i3OlbS
Wheat bush. e.iJ7, 90 CCfi bush. J,'S,15S
Decreasc. ...-..... 25jO179 Decrease. 3.7GG.f2j
pNPoKIs FRDp NfEEs, E,LdNG 3 ~ X
~74... Wheat hush. G,7O93ls corn, bush. 3,t-3oOS
ls7J.. wheat bush. ,2-2.J79 Corn, busi.~ 1CO,26j
Decrease ........... 26s6735 Dccrcase~. 2.6GS,7i2
The exiporfs of wheat and corn from New-lOIk
since January compare with 1914 as follows:
1874. Wheat bush 20 672l24 Corn. bush j Ou9I%3s
Isi5 Wheai bush 10 C3SjS7 Com, bush. 6.Oj70lG
In o months 10 03o557 Decrease. s,0o14l9
These figures only show that at present the
country is not in a very prosperous condition, aud 1t
wouid not improve It's condition a Bit to nSrcpre
sent the facts. That it will recover and become