New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-07-11

in the aggregate of Twenty-Five cities out side
of New-Iork than in amy other month Oh
record, and an increase Of 4A3 per cent in
comparison with June, 1850. At Newly Orll
the increase was 43.7 per cent; the increase
at Boston was ia per cent, at Philadelphia
AID per cent, at Chicago 39.2 per cent, and
at Cincinnati 400 per cent. 1t is not possible,
in view Of the fact that gains appear at every
city reporting, from the Atlantic to the Pacific
and from the Lakes to the Gulf, to dispute
the conclusion that the legitimate business
of the country is larger and more active
than it ever has been ut any other time. Such
returns as are received for July, moreover
show that the movement is still wonderfully
large. AT Boston the exchanges for the week
ended July 2 were the largest ever known
and also at Cincinnati, Pittsburg and Cleve-
land.
The export trade meanwhile, has been fall
ing behind that of last year. but partly because
the movement earlier in the season in some
branches was large beyond all precedent. Thus
the exports of cot on in June amounted to
only 1S2,OS7 bales, against 2O7,753 for
June, 1850, and last week the amount
was only 26,5s4 bales, against 5000
for the corresponding week last year, and yet
to Friday night, were 1856, 617 bales, against
only 3,71S,GS0 to the same date last year.
The exports of breadstuffs were also small in
June, except Of hour-473, 522 barrels in four
weeks, against 453, $50 in the same weeks Of
1880. Daring the four weeks ending July 2
the exports of wheat were S,297,470 bushels,
against 12,057,312 last year. and of corn
S,1S3,S91 bushels, against 3,436,S7 last
year. As prices are about the same rs at this
time in 1850, it would naturally be inferred
that previous exports had more fully sup
piled foreign demands than at this time last
year, and in fact the exports of wheat and
-four for the fiscal year will prove about
190,0OO,0OO bushels, against IFS, 49,, 81 I
in the previous year. The exports of corn,
however, have been smaller this year by about
100000 bushels, or II per cent. The ex-
ports of pork and beef products in June were
also comparatively small there WAS a small
increase in cheese, but a large decrease in but
ter. On the other hand, the exports of petro-
lcum have been more than three times as large
in June, 1851, AZ in June, 1850. In the az
grcgatc it may be roughly estimated that the
exports will fall below those of June, 1850.
about 81 &, 900 900 III value, but there has been
quite as large decrease in imports, so that
the excess of exports remains nearly the same
Crop prospects grow rather less satisfactory
to those-who have looked for Il large yield
and Yet there is reason ut this time to sup
pose that the yield of wheat will be much
smaller than that of 1879, then the largest
ever known. The decidedly favorable reports
of growing crops abroad indicate that the
amount needed from this country is likely to
be smaller by many million bushels than it was
last year or the year before, so that, had the
American crop been of the largest, prices
would probably have been very unsatisfactory
to producers.
Cutting of rates by the railroads continues,
but apparently under some restraint or limite-
ton, for the Fort Wayne Road, in announcing
that grain will he taken from Chicago clcva-
tors to Ncw-Iork at - cents is careful to
explain that this does not apply to grain re-
ceived from other roads, and is intended only
to prevent diversion of grain in elevator to
water transporters. The whole course of the
railroads begins to wear more the aspect OF a
planned, deliberate and measuIably regulated
effort to secure freight from the water lines
than of suicidal competition between the
railroads themselves. But the trunk roads,
while moving much grain from lake ports at
rates which little more than cover the cost of
hauling, are doing very well on their local and
other through business, and DO not seem to be
quite on the verge of bankruptcy as yet.