New-York tribune., 1888-08-27
rrw-yoRK DAILY TRIBUNE, MONDAY, AUGUST q, 1883

.,,a,c,orx wbile the supplies from Russia and
ynd,a scem likely 20 be large. But the actual ex-
ports from American Atlantic ports Ior tnreo "ecA'
Of August were only 2,o03,6i4 bushels against
a 1922 340 last year. and 1t is even more signihcan'
,ha. exnorts OF -four are falling OIL. having been
ose ooo barrels less than for the same weeks last
vear Thus of wheat and -four only the equiva-
lent of 3.ss1,441 bushels was exported. against
1.s53.56o for the same week In 1887.
Cotton has been lower. the corner for August
having broken and spot cotton has declined nve-
eiphths Meanwhile, October cotton sells moro
than cent lower, but is as strong rs o week ago.
with later months rather stronger. Tho ncws
from growing regions is on the whole moro iaVor-
able. Coffee has been advanced httie ana
sugar IS stronger IN tone II not IN quotation. oli
has risen b-s cents, and the wool market Is
rather more active with better prices for some
e.ades, In which the diminishing yield is most
felt Hopeful expectations color most reports
of tho iron market though no advance In the prico
OF raw iron is seen hcre and Southern iron Is still
offered at prices below Pennsylvania, and the mar
et for steel rails seems to grow weaker instead OF
stronger. Even structural iron is called dull this
week, and nails are weaker. With finished pro-
ducts in this state, 1t could hardly be expected
that an advance in pig iron would be made, the
Tho exports from New-York for three weeks
past have been l5 per cent smaller than for the
same week Of last year. For the month OF July
the decrease in exports from all ports was about
s3,1OO 900. and for the seven months aoout
s23, 900, in value, notwithstanding some
what. higher range Of prices than existed year
ago. On the other hand, the imports for seven
months were about s20 o00 900, and for July about
s4 700 00O larger than last year. that the excess
of imports over exports for six months ending
with July was more than sS2, 100000. 1t Is
necessary to go back eleven years-to lS77-to
find as small movement Of American products
during the first seven months OF any year, while
the imports have scarcely ever been exceeded
The result is an enormous balance against tne
country on merchandise ACCOUNT exceeding
s55 COO 900 for the seven months, after deducting
all specie exported and, when interest and dlvi-
dends due abroad undervaluations and other items
are included, the balance due on the seven months
must exceed 81 30 000, ,000 II securities to repre-
sent this large sum have been taken abroad, any
movement to return them and call for tho money
would be important in It's effects. 1t was the
Thought OF this possible change In finances, rather
than of any immediate result, which rendered the
Presidents message disquetng in business circles,
The New-YorlS banks lost but little OF their large
reserves last week, while the Treasury paid out
q 200. 600 more than 1t took in. Talk OF the
surplus has completely disappeared, since IL was
discovered what a faculty Congress has Tor ap-
propriating money. BY anticipating payments, Us
he did last year, and by giving higher prices
for bonds the Secretary can meet any emergency
for two months longer, excepting an extraordinary
demand from abroad. and foreign advices ut pres
ent give no sign of such demand. The volume
Of business continues large. exceeding that OF
last year by about 8 per cent last week. and
per cent the week before most Of the commercial
cities sharing the increase in bank exchanges