New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-08-02
sovE my FIGURES IND RESULTS.

July has been a month of great prosperity,
and of still greater promise. The hoalthtul
change in the relation Of exports to imports,
which began in May, and gained full force in
June ha continued through July, so that the
excess of exports over imports, Judging from
the movement at this port, was probably
greater than in June, or any other month this
wear. and more than $4,000, 900. The i'm
ports at New-York have been about the same
in July as in June, while the exports appear
to have been larger than in June. There have
been no exports of gold, and the exports of
silver have been comparatively small, while
the imports of gold have been over $4,000,
and those OF silver about as large as the
exports. The fact that gold in cOnsid
cradle amount is already on its way hither,
and that the condition of foreign trade justi-
fes the expectation that large amounts will
be received during the rest of the year. has
had marked influence upon the markets.
In the iron business there has been a cOnsId-
cradle recovery in price and In activity, be-
cause of increased purchases at the decline,
both for railroad building and for other pur-
poses. Nearly all branches of manufacture
have more encouraging outlook to report
than at the beginning Of July, and in some
the actual improvement has already been
considerable But the chief cause Of i'm
provement, actual and prospective, has been
the changed condition of the crops, and
especially of the wheat crop.
At the beginning of July, serious apprehen-
sions were felt as to the effects of unfavOrable
weather in some parts of the Northwest. 1t
has since become certain that the injury really
done was to some extent exaggerated in the
reports then current. and that the much
greater injury then feared has been almost
wholly escaped. The weather during the month
has been generally very favorable indeed for
the ripeuing grain and for the harvesting, and
the later intelligence has caused very bright
authorizations regarding the total yield, which,
in turn. are probably to some extent exagger-
ated. Reports of the actual results of harvest
ing at the West though particularly bright
"a to Minnesota and Dakota, indi-
cate that in Wisconsin, Illinois and
Iowa the crop has not escaped injury as fully
IA has recently been supposed In Wisconsin
deficiency of yield amounting to 100000
or 5000, 900 bushels, in comparison with the
crop Of last year, is now reported, and in
some parts of Illinois, Iowa and Missouri the
yield proves to be much less than it was in
1879. On the other hand, accounts are
especially encouraging "a to the crop in Min
nesota, which is expected by many to be
100000 bushels, which, with the I'M
doubted increase in Dakota aud Nebraska, is
likely to bring the aggregate up to the esti-
mate of Ats 900. 900 or 4S0,000000 bushels.
given here not long ago as probable maxi
num- But IL does not now seem likely that
the higher estimates of 494, 100000 bushels,
recently published by well-informed statisti-
Clans will be entirely justified by the results.
The prospects have changed for the better
during July, also, in respect to the probable
demand from abroad. The injury to Russian
crops is unqueshonably of serious magnitude,
though the published accounts as to the ex-
tent of the injury arc rendered statistically
useless by the laundering use of quarters y
in several cases when bushels" is probably
meant. In Germany. aud especially In por-
tons Of Russia the injury to the crops