New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-04-27

Though the price this year has been very low OF
late the value OF the cotton exported in eight
months has already been greater than In any
previous full year. excepting 1886. liz
April thus far 26O,047 bales have come into sight,
against 111,l97 last year, but 345,j2l have been
exported. against lsO,7O2 last year. The exports
Of provisions have also been large though IN pork
and lard but slightly larger than last year, for OF
bacon and hams 100000 pounds have gone
abroad, against 100000 last year. Petroleum
exports have been fully up to last years, ana eN-
ports of wheat from both coasts little larger,
though the enormous decrease in corn makes a
heavy decline in breadstufTs. In three weeks Of
April the merchandise exports from New-York are
in value 1915 per cent greater than last year.
wilhelm imports for four weeks the apparent gain
was per cent, hut the excess Of imports over ex-
ports in April last year was over $S,00O,OOO.
The wheat speculation met a reaction on Wednes
day, revived on Friday, but closed weak, with
July ga cents lower than on Tuesday, ana
May 8 So cents lower. though wheat in elevator
was still quoted higher than a week ago. The
actual receipts at Western ports of wheat and
of all other grain for three weeks of April have
been in recent years:
Wheat. Other grain.
1901 .......... 44475O4 SSl5,l3l
3,556,t74 15l3oO5
ISS9 = JJf %li ''IoO'VI
5,lS0,493 o'cJ'1-o
The speculative movement pays small attention
to the fact that the visible supply of wheat is
almost as large as it was o year ago. and the
quantity available for exports double the actual
exports after this date last year. Corn in elevator
is cent higher than week ago, though May Is
3 cents lower. and May oats 1-2 cents lower.
Pork is the same, but lard and hogs q quarter
lall or 81 lCn
raw sugar is unchanged, granuated is half a cent
and crushed quarter lower German supplies
being felt. Even now the margin between centrif-
ugal and granulated is one full cent, which is much
above the cost Of refining.
The increase in railroad earnings, which has
been Oh cighty-siX and egbty-eight roads for the
first and second weeks Of April and thirteen for
the third week almost PER cent. is plainly due
to higher rates rather than to increased traffic. ard
hence the prospect Of extended wars, through re-
ductiOn of rates by the Canadian lines and the
West Shore, is regarded with the more apprehen-
sion While all the railroad magnates arc talking
for peace, most of them acting as if they were
determined to have peace if they had to fight for
it, and were about TO begin fighting. Nor do the
clearings outside New-YOrk mean larger traffic,
for in April thus far they fall little below last
years. in spite Of prices averaging about 13 per
cent higher for the month. One cause of hesita-
ton at present is the threat of very extensive and
prolonged struggles between employers and en-
plOyed in the building trades and the bituminous
coal mines. But the next two weeks will deter
mine whether business is thereby TO be much inter
rupted. In other respects the industrial situation
looks better. The iron market is frmer. with a
better demand for manufactured iron and steel.
The crop prospects continue most favorable and
that tends to strengthen the hope that depression
in any branch of manufacture will be but tempo
rarV