New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-07-16
MONEY IND BUSINESS.

The general business of the country con-
tinued to improve last week, and feeling OF
greater confidence and hopefulness prevails.
This is due in part to better crop prospects,
and IN part to satisfactory financial conditions
at the monetary centres. 1t is even conjectured
now that gold may presently begin to come
from Europe in large amounts whereas not
long ago there was apprehension of large
specie exports. The exchange market has
grown much weaker, it is said be-
cause of shipments of grain and
provisions purchased at the recent
decline, and because Of foreign investments in
American securities and lands. But it is quite
possible that too much importance is attrib-
uted to these influences, and that the workings
of the new tariff will be found potent cause
of change in our financial relations.
The July report of the Agricultural Bureau
confirms the general belief that the condition
of wheat changed greatly for the better in june
The Bureau now promises yield OF about
49,, 900 900 bushels, but the rains that have
fallen in the Northwest since the July reports
were forwarded to the Bureau, and the favorable
weather that has prevailed almost everywhere,
might perhaps justify a still higher estimate
at this time With the surplus remaining
from last year, the country will certainly have
all the wheat it can consume or sell, unless
the foreign demand should be decidedly
larger than it has been during the past
year. kilograms from London represent
that "wheat estimates are increasing gener-
ally throughout Europe" but Mr.. Kains-
Jackson still strives to encourage British
farmers to believe that prices will not go
lower than they are, unless temporarily. In
the last week of June the average price IN
English towns was only 42s. cd. per quarter,
or G shillIngs below the average for the past
ten years.
Pork, lard, cotton and oil all turned down.
ward last week. The fall in provisions is by
some attributed 10 fear of the yellow fever at
the South, but the action of the German
Government, discriminating against American
lard, probably had more effect. In view of the
testimony given in the McGeoch-Fowler COM
troversy, it does not seem strange that the lard
OF this country should be distrusted abroad
and it can hardly be expected to recover
favor entirely until boards of trade and
other commercial bodies take stringent meas
ures to insure its purity. The price of
middling uplands cotton fell last week within
sixteenth of 10 cents; the apprehension Of
difficulty between France and England was
mentioned rs a cause Petroleum fell sharply
from 81 IA to 81 ole for crude, without any
material change in the statistical position !;
tho fall is supposed to be due entirely to the
operations OF rival speculative cliques.
There was some improvement in the dry
goods trade, but prices still favor buyers. A
large auction sale of blankets at low prices
and a further slight decline in print cloths
were the noteworthy features. Coffee and
sugar were weak and depressed. while ocean
freghts were rendered more firm, not by an
increase of exports, but by the decrease In
tonnage available.