New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-06-06

merely q boss, ana he anu HIS cdhuluhooo aiO
| fighting for the perpetuati0n of bossism. The
Independents are Republicans and are fighting
for the perpetuation of Republicanism. That
is the issue between them, and good many
of the people so understand it.
| FOREIGN TRADE And rs UARNINGS
The official returns of April exports of bro adj
stufis and provisions show that the large out
ward movement of gold has an adequate cause
| The exports of breadstuffs in April were OF the
value of only 50, $50, 2O5 against $50, 42l ,oOo
| last year. loss of $10,5S5, SOB, or more than
| 30 per cent. But, as affecting the New-l DIRK
money market, it is important to notice that
the loss would have been much greater but Tor
! the increase i'll exports from the Paclhc coast
| The value of breads uffs shipped III April from
San Francisco and Willamette was $3,O62,O7O,
against 50 259,242 last year, nearly the whole
! being of wheat and it is interesting to notice
| that the average export price Of wheat from
the Pacific ports was only 81 cents, San Fran
cisco alone sending 2,34O, 466 bushels against
! 1897. 1913 from New York, 56j,2S7 from
Baltimore, and only 1896 from Philadelphia.
The average export price from Atlantic ports
was 81 80 per bushel. Deducting the Pacific
amounted to $G,773,135 in 1882, against
| S1S,1G1, 100 i'll 1881, and this in spite OF a
large advance in the price of wheat and corn.
The exports of provisions, talow and dairy
products amounted in April to S6,36O,341,
against IS, 1919, 1S6 in the same month OF last
year. loss of 81 1888, $40, or more than % per
cent In cheese there was all increase both III
| quantity and value. the average price Delhg
| IL 9 cents per pound in 1882, against l l cents
| in 1881. In butter the decline in quantity was
| 335, 405 pounds or nearly 40 per cent, the
| average price being 20 cents per pound, against
| 1913 cents in 1881. The largest loss, proper
| tionatelv. was in fresh beef, of which only
4229,31O pounds were shipped, against
| lOllS, 663 in 1881, though the average ex-
port price had not changed-9.4 cents per
pounu each year. This is one of the most I'M
favorable features of the return. The loss in
lard was 5,421 1922 pounds and $55S,752,
about % per cent, though the export price was
only JIG cents, against 11.2 cents last year.
The loss in bacon was 9,007,002 pounds in
quantity, nearly 80 per cent, but only SlS6,377
in value, or oil per cent, the average eXpOr
price having risen from to 10 cents. The
loss in hams was 1886, 485 pounds III quantity.
or $50 ger cent, but only $226S44 in value,
less than 80 per cent, the export price having
advanced from 1915 to lis cents per pound.
I'm these two items, breadstui1s and provi-
sions, the loss in value of exports is
Sl2.12I.GIj, and the cotton shipments in
April were 352,34S bales, against 445,094 in
the same month of last year, or 81 per cent
less. But there was an advance in price from
an average of 103i cents for mddling uplands
in April of last year to 12ll cents this year, or
IA per cent. The value of cotton exports last
year was go, 1881 ,O0O this year, from the
above data, it may be estimated at 500, 100000,
IA loss of 81 275, 900. Thus the loss in these
items would be about Sl4, 100000. The value
of all domestic exports in April last was
500, 60, $40, of which the three items named
covered Sol ,6O1 900. But the value of all
exports Of domestic products in April this
year was $56,25I ,621, or about 81, 100000
more than the aggregate would have been had
there been no increase III the minor items.
The fact that there has been any increase i'll
other exports. exclusive of breadstulfs prOvs-
ions and cotton, is almost the only encouraging
feature of the returns. For, while there was
a decline of nearly $130OO,00 in domestic
exports, it appears that the value Of imports
increased from $50, l79, GA i'll April, 1851, to
$3.50, ,974 in April, 1882.
Mere statistics are of little value unless they
teach some lesson. The records of foreign
trade, however, do clearly suggest some lessons
of importance, both to the business man and
the awmaker They teach
|. That there is little reason to hope for a
cessation of gold exports until the next crop of
grain is quite out of danger, so that prices fall
to the point at which breadstuffs may he largely
exported, unless the increase OF imports should
be arrested.
ii. That commercial and manufacturing ez-
pectations of a large business later this year
might prove seriously disappointing, if the con-
dition of the crops should change, as it did last
year, within the month before the harvest.
III. That the country cannot afford to sink
over Sl7, 600, 900 more this year in buying and
locking up useless silver, when its supplies of
gold are likely to be considerably depleted. 1t
would be safer to stop coinage, and sell the
surplus silver, sending 1t abroad instead of
gold.
w. That Congress ought to take no step that
will involve any increased risk CT commercial
disturbance, by contraction of bank circulation
and loans, OF by medding with the duties which
restrain the incoming flood of Imports This
is decidedly not year for experiments.
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Query for last years pull Dit critics of the presi