New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-01-16
1882 1881.
Weeks ending Price. Exports Price. Exports
- -
Dec 30......... 1900 07I3s 1l.92 lle08o
Jan q. ............... IL 81 1O4.340 1900, llLVZl
Jan. 10 .....-........ 1900 13S,3i6 ll92l 100 ~
Weeks ending.


The increase Of $4,000 bales in exports last
week represents difference OF about
$1,93S,O0 Until last week. however, exports
had continued to fall below and imports to
exceed those of corresponding weeks year
ago. The New-YOrk returns show an increase
of $2,227,000 in imports for two weeks end
ing on the 18th, against a decrease OF
So, 100000 in the exports for ten days OF the
year. There must be q considerable Increase
in exports, not of cotton only, but OF grain
and provisions, before the condition of foreign
trade will insure to this market in time OF
need the command Of foreign reserves OF spe-
Gle. At present there are no signs OF need
the banks are increasing reserves without espe-
cal expansion of loans or unusually large
cearngs. The exchanges last week were only
1922, 200 94S, against $1,179, 800, 3OS for the
corresponding week last year. But active
speculation for an advance, either in stocks or
in products, might speedily create demands for
money which would strain the market. OF
such speculation, signs are not altogether
wanting.
The Vanderbilt roads, according to dis
patch from Chicago, will increase the rate on
east-bOund grain to 10 cents to-day. This
would be an advance of so per cent or more, for
large contracts have recently been made at less
than 10 cents, and it is stated by some ship
pers that contracts for sixty days have recent
ly been made at low rates. Nevertheless, the
actual advance in rates by the Vanderbilt lines
would be the best proof yet given that, in some
way, the controversies between the railroads
are approaching a settlement. In that event.
an active speculation i'll securities would
be not improbable. The report, however is
believed here to be at least premature
The increase in cost of moving grain
to the seaboard will in any case have a
marked effect upon the grain market
whether spectators succeed in adding the diff
ference to the price here, or in taking it from
the price at Chicago. The struggle of OppOs-
ing interests to control the price may for a
time widen the gap between interior and sea-
board prices, cause accumulation of stocks and
promote excessive speculation.
1t is a matter of some surprise that the de-
liveries of bonds to the Government and the
sales have not been as large as was expected
since January 1. Though tax returns annual
statements. of corporations and quarterly
statements of banks have all been made the
sales Of bonds are small, and the amount
redeemed at the Treasury last week was only
about $75O,O0O The Secretary still offers to
pay interest to the maturity of the 106th
call, and yet more than half-$10, 305, 500-Of
these bonds remain outstanding, on which in
tercst will cease January 20. Moreover,
1,G5G,45O of the bonds embraced in the
1O5th call are still outstanding, though inter
est on them ceased three weeks ago. Adhering
to the method hitherto employed however, the
Secretary issued another call for $20,O00,00O
on Thursday, which has no immediate effect,
but will enable him, if at any time
it should be necessary, to bring in from
$1,000 900 to $lO,OOO,OOO more of the bonds
by anticipating interest. Nothing has hap
pened at Washington which strengthens the
prospect of any financial legislation, good or
bad, but the monetary lunacy manifested in
speeches by some leading Democrats shows
that any useful bill will be pertinaciOUsly
OupOSpu