New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-09-24

TIE NATIONS COMMERCE.

The Bureau of Statistics report Of the
Nations commerce for tho month Of August
proves TO Nc curious travesty ON the murhwrlt-
ten-a bout excessive impor trtion Of merchandise"
because Of the proposed new tail. What has
heen true at the port OF Ncw-York has no, beer
true of the whole country The merchandise iill-
ports in August OF this yenr were S3,s"o.0"o
less than in August, 1854. and Only S..s""."oo
greater than in August. lsSS. The merchandise
exported in August. 1890, WIS S3,."".pV" less
than in August, les9. and S9.3"0,Oo0 greater
than IN August. 1855. Hence the excess al ms
PORTS on the merchandise movement for August
OF this ycur was 81 1881 less than for August
1859. and S6,5??.lsl less than for August, 1855.
Unloading TIE movements OF gold ana silver.
the excess of imports for tie month OF tls year
i, 81 800 900 greater than for August. 1889. &C.
cause the excess Of exports IF specie for III" ihs'
month was only So6l loo. AGAINST S?.":"."ol lot
August 1880. and is So, lo0.O"0 less 'hah IN
August 1853. " is not creditaDe 10 Inc IN
telligence Of tie country TO go crazy over such
small changes in months cOn,n!"rcc OF ia"
whole country. even il they were acainst instead
of in favor VI the country.
For the two months-July and Augustine
mcrcha ndse imports are nearly $4,000 QUO greater
iian in August. ls~", and sci .0oO.""" greater
than in August, lses. l;ut the merchandise ca
po,,s for the two months Of his wear are 81 j"".
600 l,s> than in 1889 and Slv,oVo.oo" gr'a,'r
than in the months of 1879. Hence tie
excess of imports f,r the two months I'll
this year is really $3.40o.Ovo greater than N
l.sg. and S2,40O.oOO greater than ~ 1888, Ill
Guiding the movements of gold and silver the en-
cess Of imports for the ~" mS.ahs pa 'ls " "a
400 less than in 1sss.
The imported merchandise remaining in bonded
warehouses ON August 81 was SAB. ioG,'oo. "r
SAu0 OOO Than al August ii, lSSN. ana
81 200, 900 less than on July u. 1880 me t"i-
lowing tables Compare the value Of the imports
and exports for tho month OF August and f"r wv"
mont his Of three years:
ONE MONTH
Merchandise
pe $:s:' Of A't ;5;s 81: 5:$ s:s
EAc... o: imports 81 ~ si3aaia7 &I.o".N
Specie and Bullion.
I%S%s. ' iss '; ;S;s4 IS 'iis, 80
r>o.s. o., o,po.... .o:, 1870 s:.O-so0i .,sl loa
Net Halances
r.xcc.s Of imports .io767 81 so,7:o s7s "@"'.csp
TWO MONTHS.
Merchandise.
"A: A'' g. .s' II; i: 81: 81"
r>ce., Of import .:;.-io77a 50 ee,e,o 70 :>",.o'
SIrc:c and Bullion.
% %Ssr; :s%:s i TI:";sS!9 ' SS@,
Faces. o; export. .o,icv.G73 s7aos rls az s,loc.
Net Balances.
Excess OF imports go 80. 100 ,lC 33 o3s so 70!
THE STOCK MARKET.
Ii ID dark and Dire: r." night in he s,oc
densrIment Of the Ncw-Iork Stock Exchange
Despite ali the favorable ron iitrns tie activity
and profit in general business the fact that tine
principal crops of cereals will Weld ~ the lmrn'
pr5 81 20, 0U0. O00 more pnrriiasabc power tl!"n
did the crops of 1859. not counting tlc M
precedented crop Of hay-the most valuable crop
Of all: the fact that the condition Of our FOREIGN
trade for this seusOn of the year proves I" w
UNEXPECTEDLY favorable. with promise VI inpor,an,
improvements in the near future. and the coz
tuded gains made in railway cummings Oh figures
these things there is no speculation IN stocks cA
cept on the bear side. contested" report Of
why "'hcSc ihinrS ,~. carefully prepared ny
Dulnr.s would now bc readable. if not n>'rhcUtc.
The Treasury hus practically poured ont all Of
ito available balance. so that money IS s"''ina
insured for q long period. The domestic cXchaL.c,
as usual gradually working favorably 10 The
crasus-ihis week from New-York 81 .ooo,ooo
greater than for the week Of last yenT-and gold
imports not only possibility. but a probahil-
nv, although ii is probable that the bank Of
England on Thursday will advance it's rate ior
discounts to "? or ) per cent. Last
year il advanced its rate from : I" ) per cent
ON September 90. In 1883 The rate was advanced
from 4 to = per cent on October 4. and yet W.
imported some gold after that.
The stock market Ii still llOltIig under the
burden VI the late unreasonable money
scare. II 10 beyond question that sonc
lTuidstions have been in PROGRESS since
The rt-up in money that would not
have been made except for circumstances |
Which were produced by the monetary sringcncy |
And there have been no Of-ctting local influences
to counterfeit the effect Of such liJuidatons |
The disposition, even OF people disposed to
late, has been 10 wait for the full effect vi the |
late s,ringency 20 be developed. To-d'v's mai
kc, looked a, il il was ready to maze suIrt,ntI |
advance, hut the continued selling OF he Willard |
stocks checked all such disposition and gave an !
opportunity 10 make a special attack on 81. Paul,
because of its proposed new issue OF stock To- pay
for the stock OF the Milwaukee, and Northern.
Tie Milwaukee, and Northern. by itself is earn.
ing 3a4 pei cent on its stock sO the Issue Of |
the ST. Paul stock, share for share for better
stock than ITS own. does not seem to he a logical
reason for a selling of The p7rcLasimg stock. But