New-York tribune., 1876-03-27

higher in Chicago than in NewYork, as IN New
York they have been higher than Liverpool lhere-
fore il is that New-York now has III store Over
l. 900 900 bushels against 2,2OOO0o one year ago
and that the total quantity at the pflhcipai point
of accumula.ion-Ea and Vests lO'iOoo""
bushels AGAINST -, 100000 this time IN 1879; ah'
therefore it is that the British official reports present
such figures as the following viz:
nroas OF WHEAT IHE UNITED ENGpoM FOR FIX MONTHS
1sft;,5: ,is7753-6;o 40 IacreasGi ssTg
Prom other countries, cwt 9lS-,055 l"l''J"o "o4,oo
Total, ,5Gl 2o7C7sis lo,s5,, ,2si
Thus. while the imports from all other countries
have increased over 100 per cent, those from the
United States have increased less than 10 per cent
and it must be remembered that the " United
Stotes7 include the receipts from the Pacific states
~ also that the latter represents the greater proper
tion Of the recent semi-wccky report of "recelpts
If America - at Liverpool. The lG, 100000 bushels
of wheat now IN store Il carried by SPECTATORS
through the ard of borrowing Sl6,OOOVOO oi on
"non-cxportabc" money; and thus II - tlat "h'A'
j. higher relatively in the Atlantic states OF Amerc"
than anywhere else. But there has been an unusua
export movement in corn although, rs has beer
already shown, New-iorll has barely held Its o""
with 1879 while its receipts have fallen Oh l'o'E'-
i37 bushels. We have not NJ hand the receipts and
exports of Philadelphia aud Baltimore for 1870
with which 10 compare those of this year, but the
following table will sufficiently explain where New
yorE'- shortage of over 5GO,O 900 bushels, and the
32i9 1913 bushels increased receipts at all the port
have gone The exports Of corn from the three
ports from Jan to March - ls7G were AS follows
New York. rhIadspha EanToGrss E.a9Gs
and both Of tie latter ports have in store a Gratcr
ououtty than on Jan. /. This is the kind Of " dl-
version" that New-York's commerce Is invited 10 by
our GREAT and watcrcd railway capitalists. Had no
the wheat spectators held the "grceuback' ke,
that locks up the 1G.O0O.00O bushels, 20 that u
cannot be exported who can doubt but that lh'
same would have been true of the wheat movement
from the West after the close Of navigation, as has
been shown to have been that Of corn' Thanks e.
the lakes and canals, the gasping folly that control.
New-York'- railroads and their connections cannot
entirely destroy the commerce of tins city. We call
IL folv even II the sportaton was done at loss
because nothing Is more certain than that people
viii buy where they SELL aud therefore il the pTo-
ducts Of the West go to Philadelphia and Baltimore.
there will the West buy it, dry goods, groceries &c
The want Of space forbids the printing of tables We
had prcparcd the comparative movements OF other
Western products but in the main they sho" u de
cline OF the Westward movement of mcrchan-
dise there i. no obtainable Trustworthy data,
and therefore are compelled to accept |
the general reports Of merchants as TO thet
business. aud that goes to show much
smaller movement this year than last. or the future
wc do not propose to predict further than to suggest
that the experience of the past two years and hall
seems 70 clearly point the only method of relief be
that which must commence at Washington. The
Government is heavily in debt aud either rgid
economy must be practiccd or the people burdcned
with runous taxes To pay ITS way. As the people
cannot bear the present taxes the former must pre-
vail or reputation follow. With a higher tone OF
financial morality at the Government fount and an
honest money the present hidden diseases III tIe
commercial and financial bodies would be imme-
datcly forced the surface and be cut out leaving
the whole system free from taint or suspicion Cap
ital again having confidence would embark in en-
torprises of public merit and vie with labor for the
general good. Shall it be so shall imbcciliy and
dishonesty still control the fountain headi
The financial events of the week closing to-day
have been unimportant, and a rule dullness has
been the distinguishing feature in the street" In
spite of alleged attempts to advance the rate for
money on the part Of some heavy capt alsts, and
the necessity of sending or less currency into
the Eastern and Middle States to aid in the April
settlements there remains still an oyersupply OF
loauabe funds and rates call have ranged
mainly from to per cent with, OF course eXcep-
tional transactions above and below these figures.
On Government collateral, Borrowing rates have
been lower Commercial paper that will bear proper
scrutiny finds ready purchasers at to per cent.
Time loans on good collateral also easy to obtain
at satisfactory rates. We It stated that round
sum of 81 100000 was recently offered at per
cent on Government collateral for the remainder of
the year. There is nothing in the financial outlook
to indicate tight money market for months to
come though possibly rates may temporarily harden
a little more till after the April settlement. In Gov
ernment bonds the business Of the week has been
comparatively light with prices shade easier. The
gold speculation has been feeble and gold closes 3per
cent lower than on Saturday last The stock specu-
lation has been dull with generally declining prices,
the aggregate business of the week having dwindsd
down to about 100000 shares, of which $4,000
were done in Lake Shore, Erie, Pacific Mail, and
Western Union Telegraph. While tho decline has
extended nearly through the entire list, the stocks
which have suffered most severely have been Lake
Shore which, after selling at g. dropped of to Glli,
closing at the lowest prce, and Michigan Cen
tral, which dropped from G5li TO G2, closing
at G2ls. Pacific Mail has tuctuated between 213s
and 1855 closing at 205s having maintained its po
sitiOn very we'll under the circumstances. Western
Union, for an active stock, has been steady, the
highest price having been Gs3i, the lowest 673i,
and the final quotation GSls the same as Satur-
day last In other stocks the movement has been in
no way remarkable, if we except Panama and United
States Express, which on small transactions declined
and per cent respectively, and st. Louis, Kansas
City and Northern Preferred which advanced 2 per
cent In other stocks the declines since Saturday last
have been In Chicago, Burlington and Quincy, st.
Paul, New-Ierscy Central, and Northwest Pre-
ferred each la per cent Alton and Terre Haute At