New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-06-25

'a3S Ssis s sSfst '2SsssSss
Exports in excess - -,
OF Imports. S32193,6Sj SlO3,Z5o
MERCHANDISE AND SPECIE.
OF oESorts., s5O44GS27 sGt,Ss2,oIs s5j.972.999
Commercial affairs last week were unsettled by
the events which occurred. and by rumors of others
which did not occur at Chicago. The grain and
provision markets were feyersh and nuctuating, but
finally closed with some recovcres from the lowest
prices of the week. An export movement was
stimulated, yet the prices for wheat still too
high 70 warrant expectations of any important
movements in tho face of the large supplies in
sight both at home and abroad, and OF the very
favorable prospects reported for the European
crops The prospects for our own growing crops
also have somewhat Improved during the week. ex-
cept in districts which hayo suffered from floods
aud those in which devastations to the localities
have been too crcumscrbe1 to nave
much effect upon the grand tota'.
Europe win always buy our surplus at
price, but under existing circumstances it seems as
If that price must be based on something under 81
per bnshcl for wheat at Chicago. The cotton
speculation was dull and drOoBing except rs ut
times it was affected by fears OF damage to the
growing crop. The exports from all the ports last
week were smaller than for the same week OF last
vear-we believe for the first time this year. Last
week the exports from all the ports amounted to
81 O20 bales against IL 735 bales for the preceding
wee, and Al 7S5 bales for the week of 1882. Since
September 80 tho exports have amounted TO
1929 800 against 3 1867, 1853 for the samo time of
the preeedng year The situation in the iron mar
ket il relieved only by apparent scarcity OF
No mig, hut that is believed to be the result of
Withdrawing from market that quality of iron
which is only "A snail proportion OF The bnlk OF the
stocks which being carried ny maEcrs anu lnsti-
tutions which have made loans upon iron. he tie
mand il small and there is little hope now or a
better market till after the summer Is over Prob
ebiy more furnaces will have 10 be blown out be-
fore the supply is reduced 10 the wants OF con-
sumers. The coming IN OF the usual 90
nestle demand for the best grades
Of Iehigh coal has been cited as
evidence of an improvement in the anthrae tie coal
Irade The demand for that grade OF coal comes
from a class which usually lays IN us Wihter sup
plv at thus season, and is not influenced by differ
ence IN price. OF the situation The Engineering and
Mining Journal says:
The anthracite coal trade continues dnl. The an
nonucement of advance, stmtoiicialy made, has
fallen Hst, and thh happenugs OF the past week nave
fully the views 70 tEe wisdom OF the course
adopted expressed In our last lssne. me CONDITION OF
he trade warrant any increase IN the price e1
cent In the best Lehgh Goals, which are now ana cave
Tor some time been selling for from 10 10 cents above
the June circular prices. The position OF the majority
OF the COMPANIES doing large business IN THIS clty 10
NOT such that they can afford TO check what buying
there by insisting upon high prices ehutS CUT
If question TAR as IuOeH Sizes uhcu
Notwithstanding purposes ere concerned and under
stapd that In view Of this fact the attempt TO put up
broken coal 10 cents as first reported has been aoah
doned.
For bituminous coal very low prices are quoted,
aud the Chesapeake ana Ohio Canal has reduced
lots 10 80 cents TO Georgetown and 10 % cents TO
Alexxndria: all of which influences the prices and
markets for anthracite coal f0r manufacturing
purposes. -. - -. a.a H. ,1
troubles OF spectators in grain and provisions, or.
If II was the effect offset by bank expansion
of credits to the amount Of S4;206,3oo. Cal loans
ruled easy all tho week at between z and per
cent, principally at pig per cent. The decline III
the prices OF gram aud provisions stimulated a
moVS Sns1 York 'l at Chicago and st. Loais
were weaker, being yesterday down TO
25a5O cents and 10 cents premium re,
snectiyely Rates at New Orleans also weakened
during the week and yesterday were quoted 900
% cents discount Tor commercial and II 20 pre-
MUM for bank. AT the East tho exchanges con-
tipur TO rule against NGw-YOrk Boston quotes 80
100 cents discount. The foreign exchanges
were dull and lower and show u decline oil
about cent for sterling for the week. ms prln-
cipnlly was due to absence OF demand ana partly
10 an expectation of early better supply OF COM
mercal bills. The closing rates Tor business were on
the basis of u s4Si aud - IS i1r long
and short sterling respectively: The treasury
last week took from the banks of this city only
sS27O O74 and il is not likely to make heavy drafts
Getore July l. but after that date the customs re-
CENTS for time probably will be largeso large as
quickly To absorb the PI,OOOOOoJ uly Interest pay
ment Ii is worthy of note that OF the dry -gooas
imDOTtg Tor iaSt Wcch W AS
proportion which warehouSed amounted 10
SoOs 500 and the Withdrawals from warehouses
Tor the same time amounted only to $392,o0O
= Government bonds were nrm all the
xay ON. aud there was a far business done In the
As The final changes in the bids are advances OF
4 for the IS aud IS P per cent w IUg inc ne
material change in the quotations. dispatch
from Rcokuk, Ia, states that the argument before
Instice Miller of the United States supreme Court
and Justice Caldwell OF the United States District
Court for Arkansas the case OF holders OF Arkan-
sas State aid bonds against the RAILROADS. was con
Guided yesterday, having OCCUPIES .o Eno tt TN
Cont was satisfied that the bonds were c0nstitu-
tonal and valid, the decision OF the Arkan-
saprSmo Court v6 To P0 the e0pI en created
br The acts extended beyond the income and reve-
n1es of the companies TO which the ponds were
issued. and whether the bondh9lders were
entitled to avail themselves of the remedies
provided, were the questions which the Souft
generaIv were dull all the week. and the tendency
A prices wa downward for most OF the speculative
kinds. 49,. a,o.,,o.;,,, Inn. tba
drift OF prices indicated declining general interes,
ia the market. and desire to hquidate both small
aud large accounts. The Important changes s
n s FOLLOW follows: Declines = Air line, Cedar Fail,
ST. Paul, Minneapolis and St LOUIS preferred,
MISSOURI Kansas and asS Alton and Tre
s sRa IasiT fH 9oia: and Pacific; omi and
Wabash. each 1i8; lnQlanupOuS, lpioVm,o6-
ton and Western, Manhattan, Milwaukee,
Lake Shore aud Western. Rochester and Pltts9ars
and W abash preferred each ~; Denver ano hlo-
Grande II; Michigan Centrabl 81; Harlem, Reading
and St Paul and Duluth esoh 2; Lake Shors, MIN,
neapoiis and ST. Louis, NewYork and New England
and Pullman Palace Car each "a;
Missssippi. 2$l; Redmond and Danville, 3; RiSh-
mond aud West Point. 3ls; Richmond and Allie
rheny 33s and Northwestern preferred, ana MOTIFS
and EsseS each 3la per cent. AdvSnces-Iexas and
81. Louis, /; Memphis aud Charleston. rs; Han;
nj ual and st. Joseph preferred, Lake Ere "a, ana
Western and New-York Laokawanna and West
cr,, each ~; Manhattan Beach. 1l2; Illinois Cen
trail "a and Long Island 3i2 per cent.
In the reported movement east OF u0ur, gram
IA, tirna froi (fllp1NO