New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-02-09

els at THIS IlHc MSt Jtui, w thO
accumulation of wheat at the chief markets.
but the receipts at Western ports have de-
clined, and in January were only 4,oo3,4Oo
bushels, against 6,755, 729 in january 10 ~
The receipts at Atlantic ports have decreased IN
still larger proportion. The decline In price
has caused a considerable increase in exports,
however. both here and at Baltimore. me
Mark Lane Express states, however, that Great
Britain and France will require to import DUR
ing the remaining part of the crop season
10000. 900 bushels of foreign wheat, but more
probably 100000 to 1l2,0OO,OOO BUSH
els. while Belgium and Holland Will also re-
ouire about 100000 bushels more, and
other countries in Europe, except Russia, VIII
need supplies from without. On these estimates
is based the belief in continued high prices here
until the new crop comes forward The exports
from the four chief ports of this country and
from Montreal, from September l to January
81. were 2,SS9,291 barrels of flour and
go, 76G. 395 bushels OF wheat, equivalent 10
73,76S, 205 bushels of wheat, against 2,O9"oZo
barrels of -four and 4S,065,25O bushels durlng
the corresponding months of the previous year,
equivalent to 58,004.540 bushels OF wheat.
Tins the surplus for export has already been
exhausted TO the extent of 49, 1853, 500 bushels
more than it had been at the corresponding
date last year. and after that date to tue
end of August last year the expor'S
of -four and wheat from the same
ports were equivalent to SO,7643o2
bushels of wheat. If our surplus for the
whole crop year Is O,000, 600 bushels, as the
Produce Exchange estimates, nearly one hall
of that quantity has already gone forward,
and there remains but little more than was
actually taken by foreign countries from THIS
date to the end of the last crop year, although
their estimated requirements this season are
from 23,0OO,OOO to 35,00O,0OO bushels
larger.
During the frst week of February, the
Treasury gained only $102,20f in specie. and
S142.335 in currency, but the banks lost, ac-
cording 10 their reported averages, ~ ,lOo
in legal tenders, and gained S2.6ol.oOO
in specie The chmge5 do not inter-
pref each other, but would have at
tractcd no attention had not large
increase of loans and deposits caused reduc-
ton of $6iS.375 IN the surplus reserve OF
the banks. The money market did not show
any tendency TO stringcncy, but renamed
ante easy The only shipment OF gold dur
inr the week was So, 800 to Havana, while
$50 900 i'm silver was sent t0 Eutope. ana
S1IO13 elsewhere. Thus far imports OF gold
since January l have exceeded exports by
about 100000 while there has been little
difference between imports and exports OF
silver. The increase Of National bank
circulation during the last week was only
Sj2 900. though the circulation OF the New
York banks increased $153,00O and the sur
render of circulation at the West or South
seems 10 continue. though less rapid than it
formerly was. The exchanges at different
cities show n very healthy activity ut all the
clearing-hou.es except thai of Sln Francisco
and the increase ut Ncw-York Boston. Pnila-
drIphia. Chicago, and some minor points. IN
comparison with last year, Is nearly Do per
cent or greater. The aggregate exchanges out
side of this city for the month OF january were
80 per cent larger than FOR the same month
in 1879 ; ut Ncw-Iork, after allowance for the
difference in amount of stock transactions, the
increase was about 81 per cent According to
The Financial Chronicle the increase IN the
earnings Of thirty-tye railroads for January
was 81, sl9,314. or 20 per cent, but none OF
the important Eastern roads are included In
the rcport