New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-07-04
MONEY AND BUSINESS.

The close OF the fiscal year came just before
tic frcc.coinage bill passed the Senate. How far
this measure may disturb business is not yet clear.
but the situation before il passed was unusually
encouraging. The Treasury lad not met the en-
harras.rncnts so often and positively predicted
Tie crops this year promise TO he much larger than
were for time expected. The drain Of gold t.
Europe abatcd last week, and was supposed by
experienced bankers TO havc ceased. The volume
Of internal trade has been much the largest ever
known In any half year. The earnings Of railroads
have been larger than I'm any previous half year.
But toward the close of last week the idea that
the silver bill would pass the Senate and might
pass both houses affected monetary interests 10
some extent, and possibly contributed 10 cause
the shipment OF over $4,000 gold during the
week
The Treasury closed the fiscal year with golG
balance only S3,3OO0OO less than il held at the
icginning anl in June customs receipts were
600 larger than last year. and the internal rev
cnue 81 900, 900 largcr. though miscellaneous re
ccipis were -. 200, 600 smaller. Expenditures for
the month were So. GOO 900 less for pensions and
500, 900 less for other objects than year ago.
For the year, customs receipts We're So, 600. 600
smaller than those Of the previous year. and mis-
ccllancous receipts $4,000 900 smaller but the in
lures were SlOIOo,OoO larger for pensions. but
for all objects SIS oOO, 900 smaller. There was 4
small decrease In circulation Of notes last week.
and the Treasury reduced is holdings of specie
a little but the results OF the year and the half
year have been on the whole cmlncnty satisfac-
tory.
The volume OF domestic trade shown by cN-
changes outside Ncw-York has been for the half
year about 10 per cent larger than last year, and
arqcr by per cent than in $50, when tie move
mcnt was unprecedented. IL is interesting 10 not"
tEat In every section except the South payments
through clearing houses were greater than in the
same half Of any previous year, while at the South
the decrease from the one year. 1890, was but
small In railroad earnings. again, the increase
has been large; In June about ~ per cent over
last year for roads reporting thus far. and for the
half wear a little less than per cent. In this
respect also the movement has been unprecedented
AS to foreign trade attention has been repeatedly
attracted to It's wonderful increase The increase
i'm imports at Ncw-YorlS in June over last year
was lis per cent, and the increase in exports
from Ncw-lork "a per cent. These figures lead
70 the inference that the exports for the entire
fiscal year will not fall much below 81 $50, 900.
600, while the imports will probably little exceed
100000.
The exports OF wheat continue quite unpre-
ccdented for the season, and prices changed but
ltlc last week In june exports from both
coasts, flour included, about $4,000, 900
bushels. against 100000 last year. Corn cx-
ports are small ana receipts comparatively small
80 that prices have stlnened a fraction. wet
weather having again raised doubts about the
Yield in parts OF the Vest, and the same cause
has raised the price Of oats IA cents during
the week. Pork products have grown stronger.
and butter, eggs and coffee higher. But cot,
ton is a shade lower, tho stocks of American In
tits country and abroad being 2,774sOl bales,
against l,776,504 last year, 100000 in 1900. and
900 In 1889. Exports in June were much
larger than last year, but receipts from planta-