New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-08-03
MONEY AND BUSINESS

There has been a week Of depression in stocks,
of unusual movement of wheat, and of improving
crop prospects will grain bring gold?" is the
nrobcm now. With visible stocks of all cotton
700 900 bales larger than year ago, there is not
likely to be unusual urgency in the foreign
demand for that product. Exports of provisions
are in the aggregate scarcely larger than year
aro Increase must come mainly from the wheat
movement for the present, which is rapidly in
creasing. But the weakness Of certain stocks
indicates that Europe is still selling, and the
slant apprehension in foreign money markets. in
creased last week by frauds In Berlin. and by
rcports of financial disaster in Russia to result
from failure of crops, tenss to cause further un-
loading of securities in place of shipments of
gold. Excepting for short time after the panic
Of last November stocks have not been as low
al anv time in five years as they were last week,
the average falling at one time 81 60 per share
below that of July %, and in spite OF CON
siderable rally on Friday and Saturday, closing
92 cents per share lower for the week.
Foreign trade grows more favorable. In four
weeks exports at New-Yorll gain over 3 i,OOO,OOO,
or l44 per cent over last year, indicating aggre-
gate exports in July probably exceeding $4,000
600 But in five weeks ending Saturday, imports
At York had fallen $1O,542, 000 or 10 per
cent below those of last year, indicating that I'M
ports for the month will probably exceed exports
ny only 50 200, 900 to SS,000,0O0 instead of $685.
900 900 last year. Exports Of wheat from At
lanic ports rose to 1851 1897 bushels for the week
ending July %, and probably exceeded 100000
hushes last week and engagements during the
,veek for future export exceeded 100000 bush
ole 50 that the Atlantic movement already is more
than double last years. But this implies an in
crease of only about 100000 in value for July,
while a loss i'm exports of corn must continue for
, while Reccipts OF wheat are enormous, over
& 400 600 bushels last week and 100000 the
,vee< before and in some parts Of the West rail
roads arc already crowded TO their utmost capacity
put AUGUST wheat and corn both advanced a little
last week. though oats declined Hog products
arc stronger but oil is cents lower.
Cation is unchanged at cents per ID, with re-
ceints in July nearly 10000 bales more than last
,oa,,s but exports 80 900 bales more. Stories
81 destruction by worms and of unfavorabe
weather in some sections cause estimates OF the
,.;old 10 diverge, but even though 10 falls much
hort Of last years 5000, 600 bales. it will eX-
Good probable consumption. The manufacture is
1ater in this country, and in spite of losses on cot
ron bought early in the year and sharp compe-
! ,,,ion between Eastern and Southern mills. the
tol.ings OF Northern spinners are larger than ever
| Imnrovement in the demand for boots and shoes
continues, and shipments during July have en-
| oeeded last years In the wool manufacture there
| !; less Improvement for large stocks of goods aud
clothing are still in the way, and clothiers
| ore carrying heavy burdens OF Indebtedness, but
the demand for wool nevertheless increases. Iron