New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-03-07

J.. Go n.rbans. fair to say that the difference ~

T.. 60 r.rbans. fair to say fat the difference =. =.
10 e.; nd oroIitv during forty years makes 10
e..;onohIo ,,betber the cents per 10. quoueu
~ 1910 meant less than cents per I'D. Ior n'lu-
si;nc unlands quoted on Saturday. Inc por' ie
ooints and receipts from plantations are Jus' Nv"
small. and exports are also smaller IMAM w
some week year ago, but in FEBRUARY 'n0 -
titv which came to sight was 'oV'oi~ o"'
AGAINST 62O55l for the same moh'h Iasv sea''
and the exports were 636,7S5 Dales againsO 49,
Io5 last wear No one can account for t'e
UNIONS rcceipts which have now exceeded
600 900 bales with the greater part of March anu
evo other full months remaining in the crop
veor excepting on the theory that the yield pas
bcen extraordinarily large and there are now
ory estimates from authorities entitled 10 creulV
which make the output even larger than that oi
1890.
Rut there has been q great shrinkage In exports
of wheat, and the price has declined cents uur-
inc the past week The fact is that there was
no sense in the rise short time ago. because 'hc
available surplus of wheat in this country Is many
million bushels in excess Of any proDaDle loreigh
demand and during the four weeks ending March
4 tbe eynorts from both coasts, -four included,
were equivalent to only 1901 ,O46 bushels WHEAT.
At that rate the remaining four months OF the
crop year would take out Of the country only
about 5000, 900 bushels while the quantity
available for export, in excess OF the minimum
stocks carried over from year TO year. is still about
90. 900 900 bushels Corn was half cent higher
with exports of l2,643,706 bushels for tho
four weeks and it seems tolerably clear that
Europe is going to take q very large quantity OF
corn this year. instead Of wheat at current prices
Oats arc o shade lower and pork products un-
changed, with coffee fraction lower, ana oil
binbo tbon
Considerable interest is already shown in the
coming crops, and reports are circulated which
tend to indicate great decrease in cotton acre
age and no material change in the acreage devoted
TO wheat But there is scarcely the faintcst
chance that the wheat acreage will not increase
after the excellent prices which have been OBJ
tanned during the past year Reports show very
fair condition Of winter wheat, promising good
yield next fall. The expectation Of decrease IN
the cotton acreage likely to defeat ITSELF for as
the Alliance and many recognized authorities
predict reduction Of 20 per cent in the acreage
which would mean n remarkably high price for the
next crop, it is more than probable that the
farmers will each put in a larger area of cotton
than ever before, in order 70 realize the benefit
Still, it is reported by the agents engaged in the
phosphate business that their sales diminish so
greatly rs to indicate considerable shrinkagc in
the cotton arca in the States which they supply
The volume Of domestic trade for the week
ending March 3, judging from the Clearing House
exchanges outside OF New-York, appears TO be
/ 0 per cent greater than for the same week last
year. Moreover, the exchanges outside Of New
York in the month Of February were much the
largest ever known in that month, exceeding
those Of February, 1891, by Isl per cent. There
is no room to doubt that the business of the
country is remarkably large. The earnings of the
railroads give further proof of this fact; the re-
ports given by The Financial Chronicle for
cighty-scven roads the first week Of February
eighty eight the second, cighty-seven the third
and twcnty-scvcn the fourth week. show an in
crease OF 50 sol 500, or 10.J per cent for the
month. Meanwhile the supply Of money is ample,
the circulation having increased about $6,000,000
during the past month, and the Treasury has taken
in during the week only 100000, while putting
out $500 900 new notes