New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-05-08

"kitinr" on this side by of borrowed exchange
and make imperative the shipment of such gold as
otherwise might be carried over credit until the
movement of the next crop, perhaps, might make
the lioudaton Our next crop Is m important fac
for in the foreign exchanges Of next autumn, but no
more so than are the European crops. Ii, rs now
seems probable, Europe has large crops,
LARGE crops with us will mean low
prices and cheap bread for ourselves,
but will have a much smaller effect on the exchanges
than they have had for the three years preceding
this year Ii is admitted that our exports until the
next crops must continue small; we have httle to
send abroad. and tho little We have Is not
wanted. pending the favorable condition OF
the foreign growing crops. Yet there is a very
large unliquidated balance Of trade against MS and
to What extent its liquidation must be immediate
or postponed depends largely upon the requirements
of the European money markets. This subject has
attracted more than usual attention during the last
week. because of the very unfavorable showing
made for March of the export and import move
meurs and the certainty tina that for April viii be
worse than was that for March.
In the rcgoing remarks SIMPLY have re-
Gectcd the ideas rather the perpexiues Of some
Of our more conservative tinanciers The foreign
exchanges ruled steadily At the gold shipping point
all the week but only $2,OOO.UOO gold was sent
abroad.
The commercial situation Is stagnant. The week
opened with the speculate IA IN grain unsettled, but
AT higher figures. because of the uncertainties as 20
what ao.lon the various chques would take after
The completion OF the AFri settlements. Later
there was a heavy break IN prices, and the week
ended with the markets very weak but, compared
with week ago, Chicago prices show decline of
only > cents nj 147at for June wheat lAuru,t l.
115aa. and June corn is Is cent. higher than a
i'm ont. LIS Isl 3r -
81 cents the preceding Saturday. the price for
June while Ju.v Is IG aud August b l. cents. Pro-
visions. although lower thaa early IN the week.
close with some gam for The week. IAe receipts ol
corn at Chicago and other Western points
have improved lately, and now are larger
than yeir ago. The movement eastward.
however has no; increased to al extent That hIs
afec cd rates for trlnsportat on. which are as o"
as ever. Speculation N cotton was tame all Tie
week. and there re no important huc nations I'D
figures Liverpool markets were dUil and lat The
exports from United states pCr5 Tor The week w're
81 Ji7 ba les against G9ls9 ba.as iol the preceding
week aud 5000 bales Tor the week OF
1851. From September /, ISL. to May . the
to-al exports amount to 3O95.997 bales. against
3..9s2sg bales Tor the cores ling time OF
preceding year The total visible supply lu America
and Europe IL tie end OF last week vas 2,7o LOB.
bales against = So t92 ba c- at the end OF tne pre-
cadl1c week and against 22J-.S.l 0aies ~ tire
correspoadiug date Of ieol. The European stocks
lucul-d above were 1,253,c-3 bales, ~ .inst
I2I73~4 bales in the preceding week ana
lG7 1872 ba es 81 thc same date Last year, and tac
quantity al.at for Europe now Is $4,000 bales,
against 75e.O00 bales year ago; OF tAese 3oo'OOO
bales NOW aIe American, against 4ttJOJ bales
year ago.
T.emotal trades are reported dull in al branches
~ %. L
r.a.cs Of odd lots by tha Lake miner. TIE non
trade is unchanged except tuat holders az o-
are more eager To- stl- Al importation oI LOU
toll, ~co.cA pig found mo buyer -. piltc- Hh" as
nut IN store. steel rails are dull with very Hite
cuisines, dong. eXCept on old orders lac iuIt-
ci. coal ir3i. D., kept moving az 90 about equal
o. the output, but O.t oY shading DID, picr, ana DIT
IS now eX p,cted thai the cuItaimrat oi toauc non
u May "Iu Dee extended o. Twelve #"iAIAS uas7
instead OF alX days ANA That there "li Dc 4lArI
restriction necessity IN june
Alter q further depression that lasted through tAe
first tWO day OF the week lle sl'ch I'Ihel '4'l''
Opcd stronger tone under q laI-S covering III
shorts los some ~ the larger pears, ana cOA,lI
u.d 90 improve for Tie REMAINDER Oh IAc NctN. me
late decline seems 10 have cunlLaied win tht ISSUE
OF three important ann lai railroad reports notwlIh-
standing that of tlc Reports proved 10 be more
un1avOrabie and the other less favorable thdn was
| expected. The dividend OF per cent paid on Lake
! shore IN ISL was on.y Justified by charging sep
aIately item OF operating OK lesc5 An"uAlIA- I'D
/ miums of 4e5O.O0O received from sale OF
/ assets anu an increase OF bonded A"eplcuhts-'
4 ]
| Tor the year vas warranted tf Ctdu' ton 81
/ 1888. SO from income account puOr 20 I)cccm-
| Der 81 I~1- AcJ g. bears Who mad sold the
stocks I'D anticipation of the statements. took The
| opportunity To realize pIouta anu turned iAe mar
kei upon tncIus, ives. So while Lake shore sd. d a.
low 80 - = It closed the Wech ~ IO3@h against
| 1903, week ago, and Michigan Central. after q
dee line 10 1875 10 ST.. Central and hudson
! s,upItu Ied Iu ih- dec Iir and SOLD at l-.i- but
1 later lose t. I-o. the advance being aldsd Di
scarcely Of stock pending Tie closing OF the trans
/ Ter books winch occurred yesterday Alter
/ noon. The stocks named started the upward
/ movement. but 70 was Tic cool stocks
! that were leaders the chu. central
/ OF New-Jer,oy was specially active all The Weca
and vas weak and strong according 10 auNlctS from
Trenton of " lat the Chancellor Aad done Oh would
do concerning au election for Director, o. the COM
/ pany Nearly TIE whole list shows handsome gains
ON tIe IIIccs Of week ago the notable exceptions
| being Northwestern and -. PAM stocks. Inc
speculation was ,tncly PROF, s-lpnai, aud there as
"A marked absence of outside orders either from ihD
InleIlor or abroad; bat, one by one, the tadeIe
/ listed over TO tue long side of the market, So
that lhe week closes with the opinion IN favor OF
bul market a. nearly unanimous a. a week ago
| il vas favorable TO a BIZ COLLAPSE ia values
WEEKLY RANGE or PiICA,.