New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-03-22

S1i,72A, 1S1 an amount when mas peen "a
&c, del only twice This year, or for severa'
wears. The experts for the week ending on
Tuesday last were only $6,932,979. During
the twelve weeks ending March 20, the value
of imports at New-York, exclusive OF specie,
was SIO5,1 ,944, against 1854, $50, 100 tOr
the corresponding weeks last year, an increase
Of $40. 243, 83S, or 62 per cent. On the other
hand. the merchandise exports for the eleven
weeks ending March Is, were $3.50, 454.O4I,
AGAINST $GO,O93,s 17 for the corresponding
weeks last wear, a gain of only $2,36O,230, or
less than 4 per cent. With ample allowance
for the fact that n very large proportion OF the
aggregate imports of the whole country, ana Il
comparatively small proportion OF the aggre-
gate exports, appear in the returns OF TINS port,
If is nevertheless evident tina. considerable eX-
ports, either of specie or Of American securities
desired by foreign investors, must soon take
place. unless the condition OF foreign trade
should materially change.
During the last week there was some decline
i'm prices, and, rs might have been expected,
rather in prices Of products than IN stocks
Wheat dropped from ~ 49l2 to 81 Al for NO.
. red winter; corn from 81 to 57i2 cents; oats
from 10 to 46 cents rye from % to 9G'2 cents ;
and considerable increase in the exports Ie-
suited Pork fell about IS cents per barrel
and there was small decline in butter lard,
cheese. petroleum and cotton. On the other
hand, the abatement in the pice Of iron WIS
very small, and foreign iron and rails are still
land down here at prices far below those de-
mauded by American mixers. III IS certain
that this state of things cannot long continue.
Lead declined over 80 cents per 100 lbs and
there was slight decline in copper and IN
coffee. Nevertheless, prices are stu such as to
stimulate imports to the utmost, while exports,
executing of articles absolutely necessary TO
foreign consumers are still retarded. sharp
decline III tie prices of most staple articles OF
trade must come before our exchanges with
foreign countries can be restored to a healthy
state The prospect OF IA very large yield Of
grain and cotton next Falb though in some de-
gree modified by reports of injury to the winter
wheat jn Wisconsin ard parts Of Illinois and
Kansas will have a tendency to restrain tae
spectators for an advance Of prices. Returns
from nearl thousand points at tn West, to
1he Cincinnati Price Current The chicago Times,
and The UCir0t Post and Tribune indicate Il
generally favorable prospect as to winter wheat,
and promise of largely increased acreage Of
spring wheat.
After more than week Of continued dcpres-
sion in the stock market, caused mainly by APP
prchcnson Of severe stlinScry IN the money
market marked change If tone followed the
purchase of bonds 10y the Treasury on Wcdnes-
day. and the announcement tLat the April in
ter,st would be prepaid without rebate. ii IS
cenc.ally admitted that Mr.. sherman has done
all that ne could reasonably he asked to do 10
prevent monetary pressure but IT is not as well
understood as Ii should be, even yet, that the
possibility Of strugency and disturbance
springs almost wholly from the wretch folly
Of persistence in silver coinage. If the Treas
urv he'd gold or iceal-tcnder notes instead
of $50 100000 of useless silver now piled mp
in ifs vaults the situation would be materially
different. Bonds TO that amount might then ho
purchased, without making the position of the
Treasury iu any respect really weaker than 1t IS
now. n is probable that 10 serious disturbance
Will occur for months, but It becomes the
duty of Congress, of the Secretary Of the
Treasury, and Of the baubs, 10 take great care
thar the monetary situation during the summer
IL no such as to render inevitable a disastrous
prostTation of business and industry next Fall