New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-06-11
THE MONEY MARKET.

| THE MONEY MARKET.
SUNDAY, June Io--P N.
The Custom House returns of the foreign move
ments of merchandise at New-York last
week present results that are $619,9s7 and
81, 100000 less unfavorable to the port
than were the movement. respectively
OF the corresponding weeks of 1882 and 1881. The
differences principally are because of smaller i'm
portations and those to extent are occasioned
by the near approach Of the date when the tar
III will 40 into effect. The imports of dry-goods
last week were only $79o.761 against $1,349,639
and S1,593.750 respectively. for the
weeks of 1882 and 1881; yet the total I'M
ports S7 O33 800 were only $67S 74s less than for
the week of 1882 and were $2,274.1s2 less than
for the week of 1881. The exports of the week
| $6.445,921) were $5s,761 smaller than for the
| week of 1882 and were $32Ss14 greater than for
| the week of 1881. For the twenty-tbree
weeks of each of three years the imports
| of merchandise have exceeded the exports as fol-
lows: 1888 4s,942 264; 1882. 500 s36, 1856; 1881,
| ,241. Including the specie movements the
balance against the port for the twentythree weeks
of this year ($4S 695 $500 is $12,441 3l1 less than
IN 1882, and is 81 1856, 145 esstban in 1891 But in
1881 the balance against the port, at this date in
cluded the imports of S24252, 400 in specie over
| the exports of the same, while for this year the
| imports of specie exceed the exports only
| $203.322.
IMPORTS AND EXPORTS FROM JANUARY l TO DATE.
MERCHANDISE.
Imports Fss545 fg5Sssgs
o. expOrts....... s2629s24 s9OssGssG s4s.492 1854
SPECIE.
Imports 'a SssSs s I7Ss5f '5 sssss
Of exports s24.2S249O ..........sF s2os,S22
Of Imports ............ s206s04S9 ..............
MERCHANDISE AND SPECIE.
Of eISoTts s.."' s5O55o7sl ss1l3eso7 s4sso55se
Duness prevails in commercial and mercantile
affairs The spring of 1888 has proved neither
profitable nor satisfactory to merchants or manu-
facturers generally, and many Eastern mills have
been compelled to pass their usual semi annual div
idends A hopeful feeling for the autumn trade,
however prevails but that depends much upon
matters which yet undeveoped, that the antici-
patton has not yet passed beyond the sphere Of
hope.
The cotton speculation was dropping all
the week, and business in spot"
either for consumption or export, was
small. Yet the exports continue large for the
son. and thai in face Of dull accounts from the
European markets. Last week the exports from all
the ports amounted to 54,0s7 bales against 1850
bales for the preceding week and 34.317 bales for
the week of 1882. Since September 30 the exports
have amounted to 4450 800 bales against 3 2S4 700
for the same time of the preceding year. The coal
aud iron trades are without essential change.
There was rather more doing in iron of favor
lite makes at the reduced quotations, but prices
still weak and the situation is embarrassed by
bankrupt stocks that are held only for market at
prices which will pay the advances made
The Engineering and Mining Journal says of the
coal trade:
The anthracite coal trade has reapsed into state OF
the most absolute duness. few inquiries are made
cry nj present prices, with view o guarjng against
the Threatened increase in July fhus TAR these Offers
said that the announcement of his programme Is fright
ening buyers much MannsiesS are , eul il
er depression In business, winch viii not probably be
relieved to any extent during the present month y tel
tho Eastern states spirit OF extreme caution prevails
n an Circles ana the movements OF some OF the
anthrac e.carrying companies are not regarded with
much favor In financial cireles Absolute stag
nation characterzes the bituminOus coal trade. Tue
manufacturing demand and tle Quantities
supplied 10 steamers have ialen OH very
much, aud we hear OF little or no business.
The relations between the railways have been
more critical for some time past than has been per-
mitted To be known. 1t was an open secret, even
before the beginning Of inland navigation, that
rates were not maintained and while the charges of
cutting rates principally made against some OF
the smaller and less important companies Shippers
and receivers of merchandise have looked
drously wise when asked to what extent the prac-
tice was general 1t is now beyond question that
matters are approaching such crisis that nothing
less than prompt action by the chief executive Off
c.rs of the various railroads Will prevent an open
rupture ut an early date. Despite the fact that
grain may come from Chicago to New-Iork by
water AT cents bushe or about 10 cents
per 100 h, the RAILROADS last week brought out
of Chicago 14,271 tons of grain. OF
that quantity the Michigan Central the Lake
Shore and the Nickel Plate roads carried 6456 tons
the Pepnsy lvaua's two roads ALAG tons and the
Baltimore aud Ohio and the Grand Trunk each 500
tons The total rail movement OF flour, grain and
provisions last week from Chicago was % l42 tons
apalnst 81 764 tons for the week of 1882 and
al lO2 tons for the week of 1851. Of the Old roads
ONLY two-the Pan Handle and the Grand
Trunk-carried as much as they carried
in the, week of 1882 and only one road -
the Grand Trunk-carried as much as IN 1881.
The Grand Trunks gain last week on the week of
1889 was $50 per cent. The following shows the
total tonnage of each road, in the articles named
above for the weeks OF three years:
Week ended June o 1881 1852 1883
Michigan Central tons,............. 1858 Sl02 1888
Fort ayne ions-....--.--..-..-.. S9S5 SVV9 s.95s
bauthore aud Ohio LAS 2l6l g.oS9
Grand Trunk. tons 2,fOs lO50 $50
Nickel Plate tons i'SIA
Tota, tons. 3IIO2 2l,7G4 2SI42
The local monetary situation that before was easy
was made easier last week by the bank expansion
of So 500. 600, which principally was put ont IN
cali loans al the prevailing low rates. Last week
an aNe high