New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-12-29
MONEY AND BUSINESS.

MONEY And BUSINESS.
! II was correctly surmiscd that the large inn
ports of gold and purchases of bonds had re-
moved the danger of serious monetary disturbance
for the rest Of the year. After January | I'M
. usually large disbursements will soon make the
market more comfortable, and though some ITS
of pressure may result from the shifting of loan,
incident to such settlements. they cannot be- Of
much severity il may, therefore, bc said that the
monetary needs about which Congress threatens to
hrgisI1tc no Ion cr exist, but that embarrassment
still continues which is iu>cd by the fear of un-
Wise legislation and is unlnOwablc effects There
is not tracc OF evidence that any of the cash
which has been Withdrawn from Use in apprchcn
sion of Tree COINAGE has yet been returned ia the
channels Of trade. The banks Gained last week
only lille more than the net disbursements of the
Treasury. that, after reckoning ~. 200 900 more
silver note, issued, the Treasury and the banks
really hold but trihc more money than week
ago. While tie reported movement Of currency
- Tie interior frou the BANKS was little over
- ,00o,o oO substantially the whole Of the i'm
ported gold. ITS equivalent in certificate, or
other kinds of money, has gone ont of 81 ht into
the county or eNeN here.
The commercial situation improves rs - num-
Der Of failures and supply of loans though rates
charged on the best of such paper are still high
and per cent is required in time loans on The
very best collateral even with , mos, liberal
margin The cuormou, cVrre, of cNpori, L1,
caused foreign exchange 10 decline 50 far thai
further Imports Of gold are now considered no i'm,
probable. In four weeks Of December tie yalIe
of imports at Ncw-York has been - .jjo.oO0. or
about per cent less than for the same weeks
last year. which would indicate an aggregate for
the month not lar exceeding js,jOO.OO0. But
the exports in December last wear were 500. 300
600. and IN three weeks there appears AN increase
al New-York Of Ss1GoOo, or about - per cent.
This would Indicate that exports for the month
hay" exceeded imports hv S3".ooo.oo0 or NOR.
unless the movements elsewhere have been lie
cldrdy dssimi!Hr, and IN November Tire excess
was over $2j,Doo,o"o. Without something o..
CURING To- cause another "mptyiug oi American
securities this mo r>ct. which ~ present appears
unlikely, the imports Of gold within the next
few weeks may De- considerable.
EXpor'abc products are generally tending To-
ward lower and more ha>"Habr prices thode"
wheat is but half o. cent lower than week ago.
corn IS , 81 cents lower. oats J.: cent. cotton
BIG. pork - cents per barrel and ind un-
changed col B.. l-~ cents h.hcr for crude and
p cruts nor 100 ..ilI.n, for refined with butter
and sus,f ... tar.,d and coffee % cent, per loy
pouu,s Io..cr tlau n ,,rcl ago The outward
movement of wheat his iccu tctt"r nearly equal
linz, that of last wear froil Atlantl, ports but
there i, sill "a decrease If - pr cent in -four
and nearly 80 per cent IN corn. Exports OF cotton
for the month have been 600 bale. less than last
,,,r and rcccints 10000 bales greater The
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