The daily gazette., 1881-09-15
Grain and Gold.
From the h. Y. Tribune.

The rapid movement OF specie from
Europe two weeks ago was felt in the
arrival, during the week ending on
Friday, of $6,096, ,277 in gold. On
Saturday $957, 720 more arrived. The
movement began . week earlior this
year than in 1880, and the total i'm
ports of gold at this port since July 20
have been $11. .616, 831 officially report
ed, against $16 ,312, ,979 for the cores
ponding weeks last year. Including
| the amount which arrived on Satur-
day, the imports have been $12,574,-
551. II is known that about 81, 900, COO
more is now on the way, not including
Guiding the large shipment reported as
having been made two weeks ago
from Hamburg. Hence, within two
months from the beginning Of the
specie movement this year, the actual
receipts at New York will have been
about $40, 600. 600, against about $24.-
800, 600 during the corresponding time
in 1880. These facts do not sustain
the claim of the London Times that
the movement has thus far been only
one-third or half as great as that OF
last year, and afford no support to its
theory that the whole movement for
the season will be from f25, ,000, 600 to
$37, 500, 900. When cotton and grain
J begin to 60 forward largely, it will be
seen whether the defensive measures
of the European banks can prevent
further shipments Of specie. At pres
, ent, in spite OF those measures, gold
, continues to move, 80, $50, 900 having
' been shipped last week.
Thus tar,the grain movement has beer
y very small. Continued high prices, aud
o some remaining uncertainty as to the ex
tent of injury 10 the crops, have caused
buyers to hesitate, and tbs stocks Of graiI
are rapidly accumulatiDg. Chicago, Nil
waukee, Toledo, aud Detroit have in
ID creased their stocks Of wheat on hsnt
Of from 6,767, 800 bushels August Q TO 7,
IA SSS,355 bushels September 8, and tn
- "vlsible supply" at ether points has ais
Oh increased about 1,000, 900 bushels. Th
is wheat In sight is about 5000, 900 bushel
l. more than at this time last year. Th,
exports for five weeks ending Septembe
ID 8, from Atlantic ports, amounted to $50,
'h 704 barrels OF fl jur, against 6e6, ,036 70
in the same weeks last year; 12,707 ,92
"A bushels VI wheat, against %, ,503, ~
~ bushels; and T,2l3,552 bushels Of corr
ei against 9,702,63l bushels. There hs
u. also been q marked decrease in export
"a Of pork, lard, bacon and hams, tallov
butter and cheese, and the increase |
in beef has been small. Speculative oper,
ch tions have for the time greatly checke
e. exports, by causing an advance In pric,
~. which many believe caunot be loI
10 maintained. Ii 1t should be maintaine
ng tiuding suffieieat justification In lat,
to news, there would probably be rush
an obtain supplies before q further advan,
In prices should be made. II, on u
ne other hand, later information shou
he canse fall In prices, there weuld pr
to badly be increased purchases on foreii
account III that case also. Hence,
an seems reasonable to expect . consider
ay BILE increase In the exports Of grain al
he provisions during the next few weel
he The exports Of cotton since August
have exceeded by 81 per cent. In qua
iat tity those Of the corresponding peri
vn. last year, and the increase In exports
ese petroleum has been 27,424, 900 gallor
-. or so per cent.
.'o The news from Europe dose not poi
lag to greatly reduced demand for gral
the Rain during the third week of Augu
thu caused much damage TO the crops
England, and the prospect had previou
DIG ly b ZEN not very satisfactory, for peai
in half Of the returns made to the Mo
ant Lane Express were below average ,wh
only Oh per cent. were above avera,
pa and the returns show decrease Of 1O
wn, 600 acres, or over 81 per cent, in al
will planted with wheat. These facts in
!, ~ cate that the yield will be much small
Va than that Of 1886, and the actual impo
Sis Of Great Britain during the past y,
ride have been about 70 2,000,00 cwt.,o IL
0C0,000 bushels. French journals
high authority now state that "Fral
will require to import at least rs mt
wheat In 1882 as during the past 6
ON son." when the net imports, for TIVE
lion months ending July 81, have been
' 1872, 900 bushels. The German cro]
me below that Of last year, and 6,264,
dis bushels were imported during the
had months ending June 80, but the amo
+. =, wanted during the latter half Of this J
" VI will be larger. Heavy rains have d.
ex much damage In Denmark, aud sew
the drouuht in Italy. In short, the o
upts increase Of supply In Europe ID 10 Rul
Il, and Austro-Hungary, while the deflcl
uei cies 70 be made up elsewhere apr
larger Is the season advnncon.