New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-12-28
UONEy AND BUSINESS.

r,no,,. of sIlo 600 600 in the single month
y, No.cr, her. this one fact is the key the con-
dtion Of business. October exports were nearly
- a.. 600 600 ; I'm no previous month in the history
-, ,h, couutry has the amount reached SOS, 800
600 Nor Is this ancient history. The same
wonderful movement continues. Exports from
New York for three weeks Of December have been
s2g.352.653. against el,-oj,jl' last year, an
increase ~ S5,ji7,1i0, or - per cent IKE
increase at all other ports Is not I" I" expected
although in November the actual incrcis" outside
New York VA, SllI57,9ll. But If the increase
elsewhere should De only half a> great in Dcccm-
her and the gain here in the whole month no
GREATER than IN three weeks, the aggrcsat" for
December would exceed Sill, 5O0,0o0 III value
making Tie aggregate for the last three months
of the year nearly S3e5,00o,o0o. which is more
than the exports had ever been IN any entire
year save one prior 10 $50.
This Is a rccord-brcalung year. Everybody
knows why more wheat is going abroad than ever
before Eut It j. somewhat Of a marvel that the
value Of cotton exported also surpassed all rrcor Is
bv S3.jOO.00O ia November, and 10y loo,O"p
bales. or probably $4,000, 900 III December thus
far The Ncw-York Times explains southern
drprcssion a. the result Of Europe cconomizlng'
in clothing and hence In purchases of cotton.
which il not true, for the cotton exports of the
last crop year were far greater than those Of any
previous year, but thus far the exports since
Srptcmbrr / are 100 600 bales larger than year
ago The movement q provisions and cattle Is
about a. large as last year, and Of tie multitude
of minor exports the value in November was
50? 30 ,O0i, against 20i00,32s last year, a
gain of o. per cent To all appearances De-.
ccmber continues the astonishing movement, and
as the exports exceeded imports by Sij,jll sol
| Iii i 81.
crease III imports this month"; the excess seems
likely 10 be about rs great in December.
This splendid Development OF foreign trade,
calling for the return To this country of 500, 900,
| 600 gold or securities in two months, clcars away
all anxiety about the monetary supply Imports
Of gold last week were $3.50. 900, and Ncw-York
| banks gained $i3l 900 by the return Of money
from the interior, while the Treasury also dis
bursrd more than il took in during the week.
Fort Incoming div dcnds also very large, So that
| there will he plenty of money seeking investment
next week, and the strong stock market has had
| sufficient reason without attaching much i'm
| portancc to reports of buying by London and
| Paris. But it would he strange if the enormous
traffic and increasing earnings of railroads in this
country should not attract some attention abroad
| the earnings Of eighty seven railroads. for the
| first and second, and twelve. for the third week
| of December exceeding last years by 9.3 per
| cent Nor is it. to be- forgotten that, if a large
| part of the many hundred millions already re-
| ccivcd for crops by the West and South has gone
to liqudatr Indebtedness at least part of it must
| have gone to lenders at the East who will seek
other Investments.
| Nor can it Dc said that the distribution Of mcr-
| chandsc has not been stimulated already by the
| unwontcd movement of crops. The West is buy
| ing more than usual, if the South is not Trade
| at Chra90 and many other Western cities is
| larger than il was year ago in drygoods cloth
ng, boots and shoes and general merchandise
At most points throughout the country the no j.
| day trade is reported larger than in previous
years. Exchanges at Western clearing houses
continue 10 show an increase of about ! per cent
| over last year, and, though there is still de-
crease Of about per cent at the South the East
| ern manufacturing and trading cities, exclusive
Of Ncw-Nork report in the aggregate a gain of
about 3 per cent, that the total clearings
throughout the country for the month of December
| thus far are 6s per cent larger than a year ago
| As the level of wholesale prices is about q l.?
| per cent lower than year ago, this implies a
much larger trade in quantities Of products
| Speculation in wheat has halted: Western re-
| ceipts this month continuing nearly double last
! years. and in three weeks they were ABOUT