New-York tribune., 1882-02-20

! Thus the Treasury returns neccssitated a loss
| to the daily averages of the banks of $3, 1885,
977. The exports of $1,05O,000 in gold, re-
ported on Tuesday, counted in the bank averages
| for four DAYS out Of the six, or S7OO,0oO
| making in all a loss of $3, SS5, ,977. About
| $500, 900 also went to the interior, so that the
| entire loss, as reported was $4,170,O00 But
| the Treasury balances on Saturday were
| $SG,791,977, or $i,993, 1S2 more than the
average for last week, showing a further loss
of that amount to the banks, and some further
shipments were made to the interior, including
100000 to Detroit. Only $1,O76,G57 in
| gold went abroad last week, and the rate of
exchange does not Indicate that further
exports will be made at present, though it is
evident that the weakness of rates has been
due rather to the expectation that many bills
against produce exported would soon he
drawn than to any actual increase OF exports
already realized.
The enormous transactions and rapid decline
in grain last week gave strong hopes of an
improvement in produce exports. But it is
not well to overlook the fact that Liverpool
prices for wheat have promptly declined upon
news of the collapse of speculation here.
The decline for different grades OF American
wheat has been quite as great at Liverpool as ut
Chicago, for the past two weeks, fact which
indicates that no doubt is felt in England rs
to the suficieucy of the supply. This country
has exported from July / to February |, only
81, 700,0 bushels of wheat, including flour
at four and 0ne-half bushels to the barrel,
whereas its exports during the same months Of
the previous year were 100, 100000 bushels.
But, though we have shipped yearly 10000
600 bushels less, the British supply from all
sources has been 5000, 900 bushels larger than
it was to the same date last year. Thus there
is lack of evidence that Great Britain is
anxious to buy largely even at present
prices, and it is also true that very
large surplus still remains unsold in
California and Oregon. On the 1st of
January the stock in sight in California alone
was 25,31S,370 bushels, about 100000
bushels more than was in sight there ut the
beginning of 1881. Yet the exports from San
Francisco and Willamette alone have already
been O,412 900 bushels since July 1, against
1927, zoo during the corresponding months
of the previous year, while the decrease in ex-
ports from the Atlantic coast was over
$4,000, 900 bushels Prices here must go low
enough to insure purchases from New-I York
rather than from San Francisco, before the
surplus in the Atlantic States can be disposed
of, and that point has not yet been reached.
The sales of wheat here last week were by far
the largest ever known, exceeding 25,000,000
bushels, but a very small part of them repre-
sented any transfer of actual and eatable
gram.
The sales of cotton in New-York last week
amounted to ! 4O3, ,502 bales, and yet of this
vast quantity only G,502 bales were taken for
consumption and export. The price fell only
one-eighth of cent, to 115s cents for mid
ding uplands and the exports from all ports
for the week were only 69,SG6 bales, against
1OG l72 for the corresponding week last year.
The stocks held on Friday and on the same
date last year were rs follows: