New-York tribune., 1884-03-31
THE MONEY MARKET.

SUNDAY March 3o-PM
The report of the Bureau of Statistics Of the
foreign commerce of the whole United States, for
the month of February makes q better exhibit Of
the exports Of merchandise than the preliminary
statements of the movements Of breadstufs and
visions had given reason to expect. The value OF
those articles exported In February $8, 500 600
less than in the same month of 1883, and $780,
900 less than in 1882 But the total value Of all
merchandise exported in February S61 ,275, $500 is
only s., $50 900 smaller than in the month of
1888, and is $4.eOO000 in excess of tho
value for 1882. Yet the exports of February
are $12. 7OOO 900 less than in the preceding month
of January. The imports of merchandise IN Feb
ruary $54, ,673 $3.50 were 81, 700 900 smaller than
in February, 1888 and 81 100000 smaller than IN
the month of 1882. Adding the specie and bullion
movements the net excess of exports for the month
were 81 2 900 less than in the month of 1888, and
$5,600,O00 greater than in the month of 1882.
The following were the movements in the month
of February for three years and the net resulting
balance;
MERCHANDISE.
Exports Export 5, ie $50 sos 5sa sss.sS5 2so se IS $40
I@pOrts.......~.... 5s s2SS2e 5GS0O5is "a CiS.o55
E4sss: Essss: Of sas2Oee s0557 s5oss4
BULLION.
Exports s93s3522 s21e9soe s55S9ll774 s Ia
Imports............... l,O0947l lZ7fOsI l'2oS35'
Excess of exports s76sIO5I ss92,s93 s4,I6l,8l5
MERCHANDISE AND SPECIE
Net excess OF exports sos SIl4i75l3 sll,0G3469
For the eight months ending February 90 the
cess of exports overimpOrts OF merchandise is $685.,
299, s93 against $sS, $50 245 for the same period
ending February Is, 1888 against S71.OS4,
147 for the period ending February %, 1882,
and against $210,4s1 40 for the eight months
ending February %, 1851. Including the move
ments of specie and bullion the net excesses of ex
ports for the respective periods mentioned were as
follows: Ended February 20, 1854, SS5919, ,739 !;
1888, $50, ,S54 S53 1882, 500, 500 S54, and 1881,
$l3S,303,0G6. Special interest, however, attaches
to the comparative movements after October in
each year. For the five months ended February
% 30, Of the respective years the excess Of ex
ports over imports of merchandise were 1881,
$l67, 7,s15,5s4; 1882 $47,s97, ,931; 1888, $l03,
324. 4s2; 1884, Ss6,329 500.
The following table shows the total movements
for the periods of five mpnths ended February 20,
for three years:
MERCHANDISE.
Oct. to Feb.2e. ISIS 1888, lss7s4 9es
Imports ...... Sss 75555j 2sj,5sL5l9 277Ol5693
Excess OF exports 1881 93I slO3S2I4,2 sa59l9622
srECIE AND BULLION.
HPoFs 'is229 Il 5S554 1855? i9j525 j55
Excess Of imports s8.l365l sCgsOlO7 ss6jI95
MT BALANCES.
Excess Of exports s4i 4Gl38o s96.9o4375 $sjAsl127
There was little actual change in the general COM
mercial situation last week but the break III the
wheat speculation and the decline of nearly cents
followed by a recovery of 2l2. which was partly
loss leaving the net decline about centS was an
occurrence that points to more activity ,n the
port trade II is yet too early, however to measure
the value of the decline that al
ready has occurred. or to determine the
question whether another important decline is nec
essary to market our surplus wheat. There w2s'a
good deal of talk about large contracts for export
at the lower prices, but the condition OF Ocea
freghts-whch are still unsettled and eaSy-dOcs
not confirm the rumOrs that any 5uch movement has
for the benefit of large spscu aors IN grain. whose
position in market forced them 90 adopt any and
all methods To check the decline IN price. Again
the EuIOueau markets followed OHr declines sut-
GENTLY TO keep the values apart. The move
meut eastward from the principal western points
of preceding weeks, but 80 dl5O was that OF oats
which shows cOnclusiveiy that It's causc Jas was
suggested a week ago. is the fact that Western
shippers now have no inducemcnt to hold
the stuff West till the opening Of naylga-
ton, because they cannot expect lower rates
than now are offered The speculation in
corn partially svmpatliZed with the break IN wheat;
bus II !ytor fully recovered and closed HALL cent
higher than a V,rk ago. Oats are sal cent
lover There was almost panic in lard, but 1t
cents OF from "a week ago. Pork after dull move
ment and small luctaaaon tnaly closed
unchar0:d.
The 8ipts and shipments Of wheat, corn aud
oats at the principal Western points Of accumUa-
tiol for four weeks compare as follows: