New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-08-25
PESSIMISTS IN STOCKS.
THEY LEAN ON A BROKEN REED
THE NATIONS COMMERCIAL FAVORABLE
SHOWING FOR JULY AND FOR SEVEN
MONTHS

Sunday, Aug. 24-p. m.
The Bureau of Statistics report of the Nations
commerce for the month of July was issued YES
tcrday. The value of the merchandise imported
during the month was S77,36O,9l3, peing $o,ooo'-
900 greater than for the same month OF 1889, and
the largest for any month IN the countrys DIS
tory The special causes which led to this extraor-
binary importation, if such it is when the coun-
try's growth is taken into consideration, are 80
well known that it is scarcely worth repeating
that importations have been hurried forward IN
anticipation of new tarin. But IN The same
month the value of the merchandise exports in
creased So 100000 over the month OF 1882 ana
were the largestlfor that month since 1883 Ow-
ing to the special causes relating to lmnorts, the
excess OF merchandise imports for the month was
$4,000, 900 greater than in July. 1889, ana ~
600 900 greater than in july 1883.
The movement Of gold and silver for the month
If .July shows an excess of exports which is 81
oOO 200 greater than for the month OF 1889. aud
81 500 600 greater than for the month OF 1888
Hence the net balance against the country as the
months misunderstanding merchandise, gold ana
silver-is $3,4O0,000 less than in the month oil
1880 and 81 300, 900 greater than In the month
of 1888.
For the seven months-January TO July 3l-the
value of merchandise imports was SZ4'ooV'ooo
greater than for the same period OF 1883 ana
$50 700, 600 greater than for the period oil 1880
But, upon the other hand, the value OF the meI-
chandise exports for the seven months OF TINS
year was S32, 100000 greater than for the perioo
of 1889 and SoO,40O,OOO greater than for the
period of 1888. The specie movements OF all the
three years give an excess of exports but because
the excess for the seven months of this year was
only 81 5000 900 against an excess of $53,Ooo,-
+bo I'd Of
excess of imports of nearly $2400O.0OO against
an excess of exports of So 069,454 in the period OF
1889 But in the same period of sss deduc,,
ton Of S22 100000 for the excess exports OF 3oio
and silver from $500, 900 excess OF merchan.
disc imports left a balance against the country OF
$50 200 900 OF $50 100000 greater imam tne oai-
ance of the last seven months. The following Ia,
bles compare the values OF the month OF july ahc
of seven months for three years
ONE MONTH.
Merchandise.
,m Month Of July $50 ssoe.5 ssSsss s!5Ges1s
rxos.. o, imports. si4I57s $50 ei952s71s s2sII5s7l
Specie and Bullion.
IMPORTS 5s t4ssss &S5sS5s iSs5Sc
,xc.s. o, exports -, os554s s5280767 sl2 go 4so
Net Balances.
rx..ss o, mpor,s. ss5a1s1s sl4242 se2 sl0s25. 435
SEVEN MONTHS.
Merchandise.
i ian; to July Sass S?S 500
Ixports ........ Yoe, 260, SIG 4l5942OI 44osol23I
Excess Of Imports 1882 O50 Sjolso976 shs24,oO9
Specie and Bullion.
1mro,,s ... Sl2.643, 237 Sl5,ell.7OI S1S t5l,0Oi
EXiiorts IS lO6, i02 80 16j,l30 Sb,ooO,0dl
Excess OF expors SOP IGo s53 25S429 SIS 0'900i
Balances.
ExSsss sSPSrs.s $50 2o 9i 5G5
The following table shows the separate move
ments of gold and silver for the seven months OF
two wears. The net exports of gold for the period
OF this year were S26,S00000 less than for the
period of 1889, but the excess OF the silver eA-
pors fell of So 100000 because of the sill legis-
1ation and the ruling of a higher value here than
abroad cuo
months 70 ----t'0ld.--o,ooo- 600 1000
July 81. 1889. 1880 90 o lSSS Z. . 100, 200 a,s
INN rts ) 22i 400 o. iss, 81 lO6. O29S ll.95o 800