The semi-weekly tribune. [volume] (Great Falls, Mont.) 1890-1891, 1890-08-06
Heavy Exports of Gold From New
York to European
Markets.
PRICES IN GENERAL ARE HIGHER.
Iron Manufacturers are Hopeful
Wool and WOOlens Continue
Depressed.
Fair Prospects of n Hundred Million
Bushpl Hard Wheat
Crop.

New YORK, August l.-lt. q. Dun u
Co.'s weekly review of trade, says: The
heavy exports of gold, $4,000,000, en-
ragged for Saturday and an advance OF
the Bank of England rate 4 to I per cent,
have altered the monetary outlook for
the present. Merchandise reports are
very heavy for four weeks at New York,
exceeded last years by 23 per
per cent or $s,sOO,O0 0 aud yet the months
reports, last year, were about S71 100000.
The exports from New York for four
weeks have been $2,220,0O0 less than last
year or nearly 8 per cent, and the months
exports last year from all ports were but
$52, 25S,219. These facts indicate a very
heavy excess of imports for July, The
Cotton exports for July, have been about
1S,700 bales less than last year, and the
exports of wheat and flour have, of late,
been checked by high prices, but for the
month show a gain.
PRICE ADVANCING.
Prices of commodities tend steadily
upward with the expectation of abundant
money, and have risen half of one per
cent throughout the week. This move
ment, if prolonged, will tend to cause
shipments of gold instead of products.
At almost all interior money markets, as
here, rates have been moderate thus far
and the supply ample. Complaints OF
slow collections, though a little more fire.
quent than of late, are comparatively
rare. Accounts of trade are almost uni
formly satisfactory. At Omaha, business
is good. Jobbers report a favorable out.
look at st. Paul. The daily output of the
Minneapolis flour mills is 5000 barrels,
and the demand for lumber is strong
But in parts of the west there is much
apprehension and already some depies
sion in business, because of injury te
crops by drought and extreme heat.
H IRON BUSINESS.
The iron business appears rather more
confident, though no change can be OBJ
served in prices. Wool manufactures
change but little. At Philadelphia ant
here no improvement is seen, and west
ern prices are held too high for manu-
facturers.
Fears of injury to wheat and corn ar
caused by very numerous reports from
central western states, though the est
mates of a yield of 100000, 900 bushels o
wheat in the Dakotas and Minnesota ap
pear well supported by detailed railwa.
reports. Conflicting local accounts AMI
estimates helped speculation to a sharl
advance in wheat and corn, but in both
reaction has since appeared, and whea
closes 80 ant lower than a week age
corn about five cents higher, and oat
unchanged. In general the %speculativ
markets show the influence Of anticipated
currency expansion, but a reaction
would be natural if the outgoes Of gol'
at a rate of $4,OO0,0O0 in a week shoul'
continue to oyerbalance expected pur
chases OF silver at the rate of 100000
ounces in a month.
For sometime to come the monetar
outlook will therefore be narIowl
watched, on account of its possible in
~fiue1ce upon the course of prices. Tn
business failures occurring %throughor
the country during the last seven day
number 1877, as compared with 1919 las
week. For the corresponding week la
year the figures were 21O.