New-York tribune., 1883-03-12

loss I'm reserve, exclusive Of the Treasury with
drawals, than the banks have sustained in any
other week this year.
Happily, the state Of foreign commerce anu
of European finances was such that o remeoy
could be promptly applied. On MONDAY ias'
shipments Of gold became profitable as an OK
change operation ana so continued until FIJI
day. The Bank of British North America Or
dered the first shipment of $500, 900, and Sec
ond of the same amount little later Morton.
Bliss g. Co. and Seligman Brothers foilowed
with similar amounts each, and II was an
nounced on Friday that 81 100000 more had
been purchased in open market in London LOT
shipment hither. Some other shipments are
supposed to have been made, before rates al"
vanced, by BANKERS who do not like to make
known their transactions so that it is believed
the amount afoat will reach 81, 100000. 1t Is
stated that these shipments we're made in part
against securities bought here for foreign ac-
count, but that sales have since been made on
London orders. However this may be, the rise
of exchange toward the close of the week indi-
Gated that continuation of gold imports could
not be counted upon at present Much will de-
pend, of course, upon the movement OF pro-
ducts, which rampant speculation tends to
check. The very heavy exports of cotton already
made, exceeding by 94O, 900 bales the exports OF
the last crop year TO date, must be expected to
fall off, and the state of foreign exchange will
henceforth depend moro largely upon the
movement Of breadstuffs provisions and oil.
The improvement in the general business OF
the country since Congress adjourned has been
quite perceptible. The exchanges at New-York
last week amounted to $74S,544,651, and
exclusive of those probably arising from deal
ngs in stocks. to $528, 800, ,000-Only about
1915 per cent less than those of the correspond
ing week last year. For the previous week the
comparative decrease had been 29-per cent, and
for the week ending February "a, 27.3 per cent
There is still some difficulty in branches OF In
dustry in which production has heen excessive,
and doubt in regard to the effects OF the new
tariff will occasion embarrassment for time
in those that are least favored by the changes
made. But the general impression throughout
the country is that business will soon adapt
itself TO the new conditions and find the revis-
ion on the whole decidedly beneficial. The dry
goods trade showed marked improvement last
week, with slight advance in some makes OF
wide sheetngs, tickings and chevlots, falr orders
for woollen goods az an increased demand for
silks. Wheat and corn were little lower last
week. while lard has tended toward higher
prices. Speculation in cotton has not oeen un-
usually active the receipts last week, while
more than double those of the corresponding
week last wear, were only 124, ,S26 bales.
Coffee tobacco and sugar have been quiet, ana
wool firm, but irol and copper have been dull
uth tendency toward weakness. Petroleum
has fallen rapidly. on account of the opening OF
new wells crude certificates, after declining
almost unintenuptedly from 81 90 to 90's
cents barrel, recovered a little toward the end
of the week.