New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-05-09
nLAlAt.s or IHE nEEK.


The volume OF bu-.uc-, Was remarkably
large la-t week. Favorable weather. good
news as to the growing crops, abundance and
c.-, in the money market, confidence as 90 the
financial laturr. and marked increase of thc
speculative spirit 100 contributed TO make thr
TRANSACTIONS exceptionally heavy. Payment of
ipnt, ai advanced ric- aad al tir expenses
incident to moving day. swclcd thc exchanges
last week. and the aggregate. So, i116,i,9.
has been surpassed only in the first vccl, oi
Nanh. and u thr first three weeks Of Janu-
arv. ln comparison with the FIRST week of
Nav. 1850. thc increase is AIS per cent and
tlc acti,ity boo the stock market accounts fot
hu little of thc gain, ior, after dcducting ioi
each year double the value of stocks Sold the
increase h. sin about 81 per cent In truth.
the rr,iynl of speculative activity and excite
pcut was quite as great In many branches of
merchandise o.. in securities, while the Increase
I'm purchases for consumption or export Was
also noteworthy As 90 cAportable articles the
huying was stimulated boy the advance M rates
of exchange and the phenomenaly 10" rates
of freight. When grain charter, 10 Liverpool
are made at and even at 1i2 cents per
bu4hrl. strong demand for shipment is al
most inevitable.
Notwithstanding the low freight rates the
tendency of prices IN the produce and cotton
marlcts last week was downward at the close.
I'm wheat, speculative influences had caused
somc advance which was partially lost ON
Saturday. I'm consequence Of highly hFoIanle
advice. in regard to the coming crop and the
announcement that the canals would be- opened
in mart ON the 10Th and the remainder on the
18Th. The Erie Canal WIS not opened last
eo,r until the 18th, though that date was the
latest for twenty years. The opening Of the
Ea.trru division on Thursday viii unlock about
23O. 600 bushels of wheat and 100000
bu.hcls of corn Meanwhile the accounts col
l.rteJ by Western Journals generally Indi"ate
that there has been am enormous acreage soWn
in spring wheat especially in Minnesota, where
fine increase Is said to bc over 20 per cent for
the whole state and tho prospect for an in
rrepscd Weld per acr is now said 20 be nnu-
snallv GOOD. Ii would have been better for
some dealers if they had remembered that
gloomy predictions of disaster TO the wheat
crop usually come from the West early in the
spring. when there are large quantities Of grain
for sale, and that the o,l proyerb Of the
farmer, warrants the expectation that "a long and
hard WINTER NAV Nc ltllNMfA tfg Aii utiitnit'lis
large yield per acre. The cotton market WAS
deprcs.,d by foreign adyiccs and 10y the OK
traouiuary receipts from the plantations. Up
10 May D., Che receipts from tho crop Of 1850
had been GG5.32s bnlcs greater than those OF
the previous year TO chat date, and The Chroa-
iole SAWS: Hence If there were TO bc no fur
" thcr rlin in the amount received from plan
"tu6ons Tor the remainder of the season. the
" crop even then would reach G,l23,0O0 bales.
IN tle first week of May. there WAS further
cain of 27.Gls bales When &c is remembered
that the bales increase in average weight each
wear. chat tbc largest crop ever grown by slave
labor was only 4.s23.77O bales, and that the
largest crop ever grown piior to 1850 was
only 5.757.397 bales, the wonder H., not that
the price OF cotton tends 60 decline, but that
the consumption has so increased that mid
ding uphtnds still soil at 1886 cents In
provisions q sharp downward movement seems