New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-08-13
CONMERCI1L NOTES.

The public subscriptions for the new per
cent thirty French Treasury bonds were 70 few That
the Minister Of Finance has ceased advertising them.
and sold the remainder not previously disposed Of TO
the ROth'chllds.
German capitalists seem to avoid the new
Russian loan. It's failure IN Berlin, Hamburg and
Vienna believed TO bo account OF suspicion pre-
vaing that the amount OF paper money lssne Dy 'L9
Bank Of Russ "a has recently been much increased
A new treaty of commerce has been ne
gotiaed between France and Italy, which only awaits
the ratification Of the Parliauents Of the two countries
The details OF this treaty have not yet been published
but the principle upon which IL Is known To nave Dern
cent and that specific duties should be substituted IN al
cases tor al vaiOrem charges.
The statistics of the imports and exports Of
gold OF England the first half or the present
exceedingly interesting They show that while IN siy
months Of 1873 England imported S26,l25,0O0 worth
more OF gold size exported and that during The same
period in 1876 there was a ike excess OF import.
amounting $40 10000 during the INST six months u
1877 exports Of this metal exceeded hei Imports
sl7,25o,o0O
The monthly returns of the British Board
y Trade for juno show that The fall in the prices Of ar
ticcs exported from England still continues although
The amount Of such exports considerably greater
hap during june 1876 For instance, while the guam
ty OF cotton yarns exported during June was 10 per
cent greater than during May, their value was "a yer
piece goods and broad silks exported were respectively
Increased during the same PERIOD u per cent per
only per cent 95 per cent and = per cent greater man
durngihe previous month Ihe conclusion Is that prices
| NAV not have touched bottom even yet
| The report of DIR. Edward Young, Chief OF
the Bureau of statistics, shows that tho commerce OF
the wear ending June 30 1871 amounted 10 Slli935O,
&C., sum which has been excellcd only two or three
times in the history OF the Republic. For two or three
years beginning with 1872 there was larger volume OF
trade than this but after the effects oil the panic OF 1873
had fairly extended to the OF the country COM
-srln an nd l4.f nj v4frg r4 ned
IFS fu PROPORTIONS II is doing rapidly, however the
figures given above being gain on 1879 ahd 1876. Inc
balance in favor OF the United states on june so was III
merchandise SI5l Jl3,t-2 ana ~ coin, II D32J, 49, or
total OF IG7 239 234 This Is 81 100000 better than
last year. The balance Is not az large a expected OWING
to the recent rise OF prices III the Oea s'aes, Hnn
has caused exports to fan of at the rate Oi seFcai mn
lions week and owing also TO the increased Inot ~
merchandise To repenlsh ~" STOCKS heiu -
which were getting low. The report Is satisfactory, now
eyer IN the oHtemo, for II shows thai the eNcc. ~ ~
ports OF specie was only Sl1323 90 AGAINST StV}oy
62l last yeAr; while tue excess oi exports on tIcah-
disc was $l5l ,9l3As2 against S196l34sl last y.if'
Whatever the Internal condition OF the country, It's Tor.
ogn appears to be healthy ana oihs one VI
The cheering features OF the business situation.
Those who expected the war in the East to
cause an Immediately increased demand for American
breadstuGs As we'll as advance in their price, have
TINS far been disappointed. England has certainly i'm
uorted more wheat and -four since Russia declared war
AGAINST Turkey than before, but Russia at the same time
has increased It's exports % these same commodities 10
England in a wonderful degree For instance, the to
turns Of the British Board OF Trade show that the I'M
portations OF wheat from Russia into England during tho
month of June last amounted 10 S3li0OO0, while during
the corresponding month OF 1876 their value Vas 9ny
@S65 900 The london EcOHOpiiS, IN discussing tHes2
fcUres attributes the comparatively large supplies ..
wheat received England from the East " TO the en-
of the war IN Fastening the dispatch OF all a'ala9e
grain from the disturbed territories, some OF IL coming W
- vas me var" the editor Of me Economist continues
and NOT the recent prices which gave this inpuo
| "a the copsisumeuts OF grain from abroad, may 10
Uttered from the fact that the months imports Oh
Theat from the uudisrbed countries, notably America
are much less instead greater, notwithstanding u9
Ish rces" Another cause gncd for the increased
exports from Russia is the depreciation " he doSs
naner money ia that country. Paper rOuDies "h,.n
s,ro worth thirty pence each In eNchangeaDle Na.ao
| when The war broke out, are worth only L"ehiJ--0"
! pence nova depreciation Of 20 per cent