New-York tribune., 1886-03-22


our own ships. And tho only way to get our
commerce back is the way that England and
France have employed 10 take il from U.s.
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VONET 4ND BUSINESS
The exports of gold have become considcra-
bic. Prior to last week only Sl0,71G,SG9 had
gone abroad this year from New York but the
shipments last wecl, were %l,393,7l5 81. 1t
is no longer appropriate to attribute the move
mcnt to speculative schemes indeed, one need
look no further than the statement of exports
and import, for a sufficient cause. In eleven
weeks this year the imports of merchandise
have exceeded in value those Of the CORE
spending weeks last year by %13, S53,O95, while
in ten weeks the exports have fallen below
those Of last year by $40, 1S3,399. \ change
of over 81 600, coo in The balance OF trade Tor
only two and onc-half months could hardly
fail to have some marked effect on the move
mcnt of precious metals. But it is also true
that the threatening aspect OF the Labor world,
and the fading o. hope for wise action on tue
silver question. tend 70 disheirfrn capital and
have caused some transfers Of money to the
Other side in search for better employment or
greater security. rae banks still increase their
loans which amount to nearly $500, ,oOO
having expanded %2O,OOO,OOO this year.
while the amount of cash hc,d has decreased
5000, 900, and both foreign and domestic
trade are unsettled by possibilities OF lcgl-la-
tive. labor or speculative disturbances.
The export trade does not expand rs yet
though price, declined in the grain market
last week cents for cash wheat, cents for
corn. and ll cents for oats. 1t has long been
an artlcle of Che creed with many that British
supplies of wheat must greatly decline, be-
cause of extreme low prices or exhaustion OF
farmers stocks. Bat for six weeks since
February /, notwithstanding Ec~bolm bases
estimates on home supplies not greater than
those Of last year. 1t appears that actual sales
at | - towns were 115,312 quarters thus year
against 33G,OSl last year. Bad weather
abroad lifted the price last week, but better
weather. both in Great Britain and the West,
with unexpectedly large sales by actual holders,
brought another decline. Any export demand
for cotton Was naturally che, ,kcd by an advance
of an eighth IN price with no Improvement IN
tho manufacturing prospects abroad. Long
deferred hope of advance in provisions and
lard WAS again answered by decline OF 30
cents in pork and - cents in bacon, and
lard, after active efforts tor higher prices,
settled back to point slightly lower than the
closing for the previous week. OH also de-
clincd is, in spite of an advance OF
an eighth In rclincl. The minor metals
were generally unchanged, but the tone
of the market for iron and steel products was
stronger though quotations can hardly be
changed. Anthracite coal is weaker because
the Reading plan does not seem to promise the
expected agreement. 1t is observed thdt
Lackawanna sales in February averaged 81 GS
against 50 per ton last year.
Ofall the features OF current news, the least
satisfactory is the weekly report of shipments
by rail from Chicago. The failure of the
Chicago and Atlantic to report, and the in
crease ia the unrcportcd shipments of higher
classes, make tine usual return less valuable,
but after all possible allowance, last weeks
shipments Of only 2j,915 tons OF grain, flour
and PROVISIONS against 1871 tons for the
same week last year, Indicate a large loss in
traffic. In February, if it is supposed that the
Lackawanna and West Shore shipments last
wear were about the average, 12J,OO0 tons
monthly, the movement from Chicago showed
a decline of Is per cent, but the reports
for the last four weeks show shipments of only
1I4.13O tons, against 25G, 79S tons for the
same weeks last year, a decline of about Al
Der cent. Peace among the warning lines
seems more remote than Il week ago. In view
of such conditions, it shows remarkable
strength in the market. The average decline
last week on sixty active stocks was only -
cents per share, the average ut closing being
500 20. st. Paul declined rs; Jersey Central
and Reading over 3 each, ard Ncw-lork Cen |
tral =; but Missouri Pacific advanced >, and
many other stock, advanced slightly for the
week.
The Treasury steadily strengthens itself. |
Last week, according to Washington dis
patches. it gained $2,OOO,OO0 III gold, |
$500, 900 in silver and 100000 in bank de-
posts, whic losing only 100000 i'll legal |
tenders and 81, 900, 900 In bank notes by re-
dcmption The withdrawal of bank bonds for
the week was smaller than of late, netting only |
SG94 900. The chief changes in the Treasury |
statement are an increase of 100000 in sill !
yer certificates outstanding. and decrease o.
81, 500, 900 in gold certificates The uncer-
tainty in the labor world necessarily binders |
revival in all branches of trade and industry |
and while labor thus suffers, perhaps the him |
drancc may be good thing for capital which |
was III some danger of Ovcr-confdencc.
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THE OSHKOSH DARhNEN&
The love of the marvellous 50 strongly inhorcs in