New-York tribune., 1880-03-08
L 1rrrtrN ELGEREN.

UeT1tV o. the western ptt'tn '''''
4 WEEF'> IIGURE&.
Last week was one of remarkably LARGE
business at Ncw-York as the Clearing Hous"
exchanges show. The amount OF EXCHANGES
was %s9j.OI1,O2G, which has not been eA-
eedad since November, 1872. except IN one
week in November last. Moreover, although
the proportion of exchanges due TO activity IA
stock operations was large, 1t was not rs large
rs in November last, so that the amcd"l oi
exchanges presumably not arising from sUth
oprratioas was larger last week tlan no any
other week since 1872 The increase, m
comparison with the corresponding weeh
last year. was 7Sl2 per cent ia all
cx. hauges, ana G3i2 per cent 10 the
exchanges after allowance for sales @. stocks
As these figures indicate. the activity ln almost
al branches OF business was very glca,
though Tie cxiuordiuarg TRANSACTION. "a, tAr
banks were due rather TO ihc paymen' cl
p9rcr maturing during ,lie first week ol the
month and to the settlement OF monthly ac-
counts. than 20 daily purchases and sales in
the markets. such payments show the mag
uitude and satisfactory results of the
wholesale trade which began some months
ago TO crowd thc stores and m0nuiacioncs
of this city with orders, rs well as the
growth of the daily traffic in which cash pay
ments are customary. There has not been
great speculative ACTIVITY du1ng tie past
week in the principal markets for mrrchan-
die, and the dealings represented, exclusive
of those IN stocks, have been more largely
than usual in tie regular course of legitimate
trade
The grain movement fIom the West for thc
last week in February was large, but the
increase wss mainly IN corn. From fafia.o,
the movement i'm al kinds o. grain was large,
while the receipts at the Atlantic ports were
small in wheat but large in com. Tho export
alton OF wheat was unusually large, however.
during the week ending March ., the market
having Welded little as 10 prices. S1cs ol
5000 bushels of buclwheat fu- Germany, at
about 80 cents per bushc, arc 'otod as un-
usual. Prices of corn have J., n irregular.
some believing that the market - par-
faIly "coincrcd.' The receipts of cot
ton at all the ports were conf
parativoly small, and the exports were
smaller than for the corresponding week last
year. both here and at all the ports. The
total cxports since September l were only
! 9. 2.5GS 694 bales to last Friday night, against
| 2.5sLO24 bales TO the same date last year,
although the total receipts at all the ports
| durin.. .he same period were 4,2SO,271 bales
against 1910, $50 to the CORE spending date
in 1879. II the proportion OF the crop yet 10
come forward Is, as usual, from 12i2 10 16l2
uer cent, the crop will prove an extraordina-
ry large one.
The foreign trade does not yet show signs of
e.. Il, l..s IL.
amount ed to $9,S45, 739. against merchandise
exports amounting TO 1928 449. But these
returns are for this port only i; is remark
able that many persons, including some inan-
| cial writers, fall into the error OF suppesing
and stating that the aggregate imports Of the
country now exceed its exports. They
forget that the proportion of imports
received at New-YOrk Is larger by far
! than tine proportion OF exports shipped
| from this port; in January, 74.4 per cent
| of the entire imports were received here. while
only 37.7 per cent OF the exports went from
| here. At New York, the excess of imports in
January was $15 100000, but at al the ports
the excess of exports was $4,000, 900. The
| fact that the exports Of specie from New-YOrh
amounted to over $1,000,O00 last week, how
ever. is noticed with especial interest bccsuse
the rate of Exchange has for some time been
tending toward the shipping point and because
| the reserves Of the banks are sinking.
The loss of surplus reserve according 10 the
statement Of last week, was only 81 .513,55O
Int the disbursements from the Treasury dur
ing the week exceeded the receipts by
81. 7S5.6s1 specie and 1899, ,03l currency.
The two reserves. therefore, lost over
SO. .63s. 900; the foreign exports were
S1.O14.234; so that the shipments of sperie
or currency to the interior must have
amounted to $2,6OO,O00, besides the whole
amount of specie received here from the mines,
# the bank statement fairly ref. the
changes from Saturday to Saturday. The
opinion has become general that strin-
gent money market is to be expected soon,
and that it is likely to last until about the
middle of April. At all event', dealers who
fortify themselves by time loans at per
cent will probably have more than one occa-
sion to congratulate themselves before May
.rIiyes.
THE BRAINLESS MN.
i,4 - a..