New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-09-09

Darn or building of any kind left standing
n region having a population of $4,000
persons, mostly new settlers and
| all persons in moderate circumstances, has
been utterly dcsOlated. Thousands of people
are homeless and in want, and will need aid
to carry them through the winter Some esti-
mates place the number at 5000. These are
the grand totals OF distress; some of the de-
tails are hardly less pathetic. The dispatches
tell OF one family OF seven persons who low
cred themselves into well for shelter from
the flames, and were there su1ocated. The
number of persons at first reported 10 have
lost their hives in the whole State was twenty;
it is now found that Just that number have
been burned to death in single township.
These details establish the fact of a great
calamity which the generous heart of the
American people should meet at once.
----------------~--------
GOLD IMPORTS And THE MONEY MARKET.
Large imports Of gold this week have al
ready fully realized the expectations formed
when the last weekly returns were received.
with $1,60O,OOO received on Saturday, and
$1,254,OOO on Wednesday, besides smaller
sums, the amount received at this port from
August l to September Z, inclusive, WIS
$50, 531 $40, against S12, $50, 243 from Aurust
l to September 4; 1880. 1t is difficult to
understand, therefore, on what ground The
London Times states that the bullion drain
to America is thus far only from one-third to
one-half of that of 1879 or 1880" BY the end
OF the week the actual receipts at this port
for six weeks will doubtless have been
over $11,OOO,000, against $17,172, $50 for
the same weeks in 1880, and $19.1SS, 942 in
1879. But if the figures of The London Time
were more accurate, its reasoning would still
hn nf al
the total movement through the season will be
only about one-third or one-haf that of
1879 or 1880, and therefore not more than
$25,000,O00 or $751; 900. But causes De-
cuGar to this season have delayed the move
ment OF gold, which may at any time cease
to operate. Towering speculation has adj
vanced grain to prices more than forty
per cent above those of 1880 and
there is great doubt, both here and in Chrome
whether the actual decrease of yield has been
such as to Justify aud maintain so great an adj
vance. Hence there has been little DISPOSITION
to purchase grain for shipment even on the
part OF those who intend to purchase largely
during the season. Until the result of the sea-
son III European countries and here is better
known, buyers will naturally hesitate in the
hope of getting lower prices.
The movement of grain is not the only ele
ment which controls the specie Imports But
it affects the shipments of specie unusually at
this time, when cotton and other bills are not
yet offered in large amount little later
when the heavy shipments of cotton BERN
if the exports of grain should also prove ~
large as those of the corresponding period last
year, the demand for gold would be greater
than it was in 1880 or in 1879. Prices are
higher, so that million bushels of wheat ar
bales of cotton will call for more money than
in 1880, and the condition OF the New York
money market is such that there will be less
disposition to suffer unliquidated balances to
lie in Europe. Though the exports of grain
have been comparatively small, during the
period of wild speculation and of great uncer-
tainty as to the yield or demand, it NAV be
that foreign buyers will make more haste to get in
whatever supply they are going to need, when
it becomes known how far the yield is de-
fcient, than they made at this season in 1850
or 1879, when there was no doubt that the
United States could supply all demands
Great pains have been taken, by speculatora
in wheat, and possibly by some farmers TO
create the impression that the United States
would have not more than $50, 900, 600 bushels
OF wheat, of which nearly 800 900, 600 bushels
would be needed for food and seed This
would create great deficiency, unless the
foreign supply should prove about 1870, 600, 900
bushels less than it last year. But Eng
land, France, Germany, and, in fact, every
European country except Russia and Austro
hungary, appear to have smaller crops of wheat
than Ill 1880. The increase in those two
countries appears to be from $4,000, 900 60
100000 bushels, but part of this is needed
to compensate for decreased yield elsewhere.
Hence it seems highly improbable that the
foreign demand will fall short as much as
100000 bushels. If the opinions
carefully fostered by spectators prove cor
rect, there will be a decrease in American
supply of 10000, 1000 or 10000, 900 bush
els, against decrease of only $4,000, 900
bushels in foreign Demand and consequent
large deficiency. Should such opinions become
prevalent, the foreign demand for the next
two months would be likely to be larger and
more urgent than ever at this season.
Ihe London Economist, usually regarded as
the best authority financial topics, holds
very different opinion from that of The Times.
It's leading article, August 27, discusses
the persistent msaner" in which New-York