New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-07-21
NETWORK DAILY TRIBUNE MONDAY o. 1s9a-TWELVE PAGES

because of the influence of South American ie'ee'
upon European capital, and because Vi Vne 'eiio''
setback sustained in German ana EhsiiSn 'i'"
,foctures since the wear began. But to all these
foreign causes this country might De lhuiheiehU
if It's own legislation had promptly MANI
industrial independence. Waiting LOT soch csis
ation. industry distinctly hcsitates' even tAough
the current volume of business, de'erinileu "
earlier anticipations is unsurpassed
1t is not good sign that imports ao we" iolA
for three weeks have exceeded last yc@l ny %
per cent, while exports have fallen "eIoW l'S'
ears for two weeks by 20 per cent. July I'M
orts If last veor exceeded exports by S10,5O0COO,
1ut this year the value of imported goods threat
ons 70 be the largest ever known in any month
Exports of breadstufIs exceed hst years LOT TWO
weeks Of July by about $l,OOO,Ooo' puU coV'oh
exports fall short 10000 bales, or about as much
in value. No satisfactory explanation is given
Of the phenomenal increase in imports, except the
delay in acting upon the Tariff bill, which gives
foreign manufacturers time to Hood TINS market
with goods For he,tsncy in exports the excess. We
speculation promoted by notions Of silver lniiatloh
IS partly responsible. Wheat is but traction
higher than week ago but corn has risen Genus,
oats ? IL cents and cotton 3-16, NOTWITHSTANDING
the previous price was out of all proportion 10 the
value OF goods. Coffee advances, and raw sugar
in spite OF lower prices for refined, ana OIL III
spite of projects for great increase of commercial
supplies.
The stock market had one of the dullest weeks
on record. and there were only nominal quota
tions Of considerable proportion OF active StochS'
so that the advance of ifty-four cents per snare
in quoted prices means very little. Rallroad
agreements are said to be progressing" anu some
even extract hope from the fact that successive
meetings for weeks months are spent over
each little detail fraction Of the business. Chl-
cago-Miss0ur rates are to be advanced August /,
but agreement on easi-bound rates does not come,
and a new cut appears dressed beef Net
earnings of l24 railroads in May showed gain
of IS per cent, but in the Northwest there would
have been a loss but for road, and the rate
Of gain shrnks in June and in July thus far.
Gambling in sugar stocks has gone 50 far that
sales at times exceed all other trading and fur
ther diversion is caused by gambling in silver bull
ION Considerable shipments OF gold To Europe are
explained as in payment for silver bullion brought
hither The Treasury took In S2,9OO,OOO more
tAan it paid cut during the week, the banks
bearing about the entire loss by exports. and
Secretary Window, anticipating need Of large
disbursements before long, returns to the plan OF
inviting proposals to sell bonds Perhaps he has
not entire confidence tbat al Ihc silver 'uI"o'i
in sight will be offered at reasonable prices.
Meanwhile the great industries show no important
change Building operations in most OF the cit
les are unsurpassed, boot and Shoe manufacture IS
steady and healthy, cotton can hardly be eA-
pectcd to change much until the price Of the
material gets back from the clouds, and the wool
manufacture gives no token Of improvement. Iron
waits. with a rather more hopeful tone, the usual
summer closing of furnaces promising curtaI-
mcnt of output.