New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-09-03

Exports in excess 49,,
OF lmp0rts. soVSfo.sof -..-.---'-''--
MERCHANDISE AND SPECIE.
Of exports 800, 1890. s6s7lss25 ss2s2soO7 s77.7So7Oi
The Commercial and Financial Chronicle OF yester-
terday fairly sums up the commercial situation last
week rs follows:
Cool and generally clear weather has given some i'm.
pulse autumn trade. Large numbers OF Western and
Southern buyers are in town. Credits scrutnzed
closely aud this In limits ths volume OF hns-
tary circles are ieverih but there 4, an abundance of
oanabe funds to be had waen Sooa security
and the fluctuations IN prices were comparatively saa
In short, while conditions relating TO mercantile anars
are not nnfavorabc the movements not SO DsK as was
anticipated
Whether OF not 1.-THE movement is not as brisk as
was anticipated" depends upon what has been
the degree of the anlcipations. The
receipts Of wheat Mt tn principal Western points oil
accumulation last week about one-quarter
million bushels less than for the preceding week. but
as in the preceding weeks many of the receipts arc
counted two or three times, the same shI pment
reaches the different points that the stock does
not accumulate in proportion to the reported totals
of tho receipts. Yet in the absence of important
export Observation-Disclosures the oft-repeated
assertion that the demand will be extraordinarily
arge-the net result OF tho weeks speculation and
of actua movements is n decline of cents for sep
TENDER aud of 1i2 cents for October
wheat Corn is moving toward the
seaboard rapidly. but Is accumuating IN the
Atlantic elevators the export movement WAS small.
its price at Chicago declined 1ha1la couts for
the week.
In cotton the movements, both specuatively and
for consumption, were sluggish Notwithstanding
that the bulk Of the reports concerning The crop
were ofmateral damage having been done. The
fror atlt he ia ar las =
bales against 2G 92S bales for the week OF last
year. Last week practically clo-ed the cotton crop
year. The ex ports fOr the year ended AUGUST 81,
1858, were 474O,O00 bales against 3jsl 900 bales
for the year ended August 81. ISS2-an increase of
1859 600 bales 81 per cent The stock IN sight at
the respective dates-August 81 lsS2. aud August
81, 1883 follows United states. $4,000
and 272, 400 bales; Great Britain. 70%3)0 and Oil,
400 bales; Continental ports DDS. 500 and 200. 500
bales. The total visible supplies. including quantl-
ties on passage were: August 81, 1852, 1889 100;
August 81, 1883. 1.70+,9JO bal,,; increase.
400, 800 bales. The foregoing figures do not IN
clude stocks IN manufacturers hands
In dry goods there was during the week an IN
crease in activity, and fair movement from job
bers hands"-as there should be at tins season OF
the year; but "the movement was not 80
brisk as was anticipated" in some quar-
ters. The large auction sale of wooilsns on
Wednesday brought prices ranging from 80
to so per cont below agents quotations
but since the sale il IS explained that tho goods
were Of an undesirable character 1t is to be
hoped that there are not many such large lots OF
undesirable goods" lying around loose because
if saablc at any price. they are a supply to their
extent, to consumption. and arc competitors of
more desirable styles. Two more large sales are
announced for this week.
At the Iron and Metal Exchange spectators have
marked higher figures for futures IN iron But the
true situation has not improved with the lapse OF n
week. In fact, the disposition to press sales
OF No @ aud everything else except choice No.
(which Is scarce-has increased. aud conccs-
sions. even 70 more moderate lots. more
frequently qu0,ed. The anthracite coal companies
have issued their circulars announcing an advance
in prices. the situation at present no more war
rants even attempt to make higher ngureS than
it did in July, 1876, when an advance WAS an
nounced Just ono month before the companies were
compeied by The iOTco OF circumstances 10 sell their
surplus products to the best bids at public sale.
To-day the large stocks are not at tide water az
they were then. but they scattered throughout
the West; when sales como to bo made they viii
have TO compete with the lOw-cost bltumInous coal
of that country. The Engineering AMI Mining journal
closes an unusually long review OF the situation
ana OF the companies dcllOH III issuing th''hN""''
circulars AS follows:
with the opening OF the winter the market already
contracts; and with abundance OF coal coming for
ward the ide.water market will be gutted especially
tho present OF production The longer buyers
wait the better their position Will get unless the supply
- curailed by soppage at tee mlnes; ohi DOW tis
tonnage been satisfactory but 10 has evidently leu
10 heavy stocking OF all available markets. Ire WOik
distribution should soon begin, but the ab0fs OF nose
who this important Junction VIII De seriously
interiered will n the present double ana unreal position
of the companies is abandoned IL 10 evident thht
the movements OF the managers are now made efc'u
siyey for effect In financial circles An air OF excep-
TO be given 10 the Interests uNoSe
and 10 ain this has been accomplished, but
only at the OF discOuung the future Ibe egl
imsto trade which has thus tar borne the wegnt Is be-
ginning to sagger under IL soriousy PRODUCTION ana
prices both cannot nc maintained
tains the conservative character Of The Journal TO
use but we are sorry that the facts seem TO war
rant il.
The local monetary situation-that is for call |
loans at the Stock EIchange-during the whole |
week continued TO reflect an abundant supply OF |
idle capital and rates at time hardly got above
gig per cent and the last day there still seemed
TO be large genuine supply at liz. after business
had closed at about per cent. There ia growing
impression that money will be less stringent than
usual during tho coming autumn, The lateness of
the crops of course defers the interior movement
for time but the theory that there Will be no I'M
portaut movement at any time 10 inconsistent with
that other theory OF an active move
In time loans we hear of no important
transactions; but the rates are: On Governments,
3IaQ4 per cent; on best class OF railways, 1920
for sixty days and 96 per cent Tor four months.