New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-09-18

interior. The Secretary has made 1t plain that
he intends to prevent monetary stringency, ana
1t Is clear that the exercise OF powers that
were freely used by former Secretaries Will en-
able him to meet almost any emergency that
is likely to arise at present. AS soon as grain
and cotton begin to move to Europe more
largely the money market should obtain relief
in the natural way The imports this
month, though larger than in the first half
of September, 1881, by about $2,3Oo,oOo,
have not been increasing, while the exports
for two weeks of September have been @l4,-
239, 229, against $15 400, Cos last year. Inc
improvement is small but yet there are some
signs of n better condition of foreign trade
No gold went out last week, except $lOG lou
to Panama. and the course of exchanges does
not indicate that the advance in rate by the
Bank of England is likely to draw any gold
from this side, though it may serve the purely
defensive purpose sought by delaying move
ment of gold westward
The crop reports are decidedly favorable
Harvesting has not been interrupted, and an
excellent yield Of spring wheat has been
secured, as we'll as of winter wheat DIS
matches from Minnesota estimate the aggre-
gate yield at 500,000,000 bushels, and the
September report Of the Agricultural bureau
puts it at $4,000, 900 bushels. The Bureau
reports have been often in error but nave
rarely exaggerated a crop. Corn Is also max
ing favorable progress, and the yield VIII
probably be quite as large as the country can
adyantageously use, for it should be remem-
bcred that a surplus, supposed to be at least
2OO, 600 900 bushels, was left unsold and I'M
used from the large crop Of 1880. COttonhas de-
clincd still further, partly because of the collapse
of the rebellion in Egypt, and partly because
excepting one storm OF some extent ana Sc
verify, the weather has been helpful to the
plant. The yield of oats and OF hay VIII uh-
doubtedly be the largest ever known.
Business has been quite active since the
month began. and in some branches 1t Is
larger than ever before The exchanges at
New York, after allowance for transactions III
stocks. were about 1872, 100000, or 1873 per
cent larger during the first half OF September
than during the corresponding time last year.
and in the other cities the decrease III eX-
changes was much smaller in the first week OF
September than it has been in other recent
weeks. Great activity in provisions has re-
suited from the sharp decline in prices, ana
an improved demand for export has caused
some recovery in value. Petroleum has adj
vauccd, with large transactions III refined Tor
export, AS well AS in certificates on specula-
ton. Heavy sales have been made OF hops,
with firm prices sugar has been in better de
mand, and there has been an irregular but
active movement in naval stores. 1t IS said
that 100000 pounds Of Lake copper were
sold last week for future delivery at Is cents,
and the prospect that the great strike is about
to end has caused some strengthening OF
prices in iron The dry goods trade generally
reports larger sales to date than those OF the
corresponding period last year, particularly III
imported goods, though transactions were to
some extent temporarily interrupted last week.
The tone of that trade is one Of strong conf
leuce.