New-York tribune., 1902-07-09
YEARS WORK OF CHAMBER.
RECOMMENDATIONS on CUBA. RECI-
PROCITY AND STATE SUBJECTS.

The annual report OF the Chamber of Commerce
reviews the proceedings OF the body up April 80
The action taken on the relief OF Martinique is
thus included in the volume. The Chamber has
supported every proposition for reciprocal trade.
particularly with Canada. and in Cuban relations
has pettiOned Congress to grant 80 per cent
ductton from the tariff rates on sugar and tobacco
II opposed the Chinese exclusion bill and asked
for a more definite statement OF the guarantee Os
the gold basis passed by Congress in March. 1900
In State and municipal taxation II has urged that
subjects Of local taxation be not turned over ex-
clusively 10 the State Recommendation was made
for the expending OF SSOd000OO the Erie Canal.
and Governor OdeIrs proposition for S2S.dd0Oo0
ceived Endorsement.
Action was also taken on the obstruction OF chan
nes the harbor by dumping, the relation OF
Texas statutes TO the free investment OF Northern
capital, the Transpaciic cable and the death OF
President Mckinley. The laying OF the cornerstone
OF the building November S, 1901. is recalled
The rest ot report deals with statistical state
nents Of trade and finance in nation state and city
Foreign commerce at the port in the fiscal year
1901 increased the last year 1s4420lS For the
calendar year ended December g. 1901. there was
decrease in the total foreign commerce o. SO 414-
$50 This difference is noticeable in the imports.
exports and re-expOrts OF precious metals and in
the exports OF foreign and domestic merchandise
In the imports OF merchandise however. the cal
endar year gives an increase the fiscal the
former being $3.50 020577 the latter S527 2s O6-
For the whole United States precious metals show
an excess OF exports imports for the fiscal year
amounting SIS $40, and in the previous year.
1900 SIS In metallic money the total increase
for the fiscal year 1901 S125.51O6S5. follows
Gold coin $941 5S2; silver dollars S4 S67 O64; sub
sidiary silver coin, S695sO29- In bullion there
decrease of S. gold ST. is 20 silver
The balance OF trade favor OF the United States
for the fiscal year 1891 showed increase OF
Sl20l5O e2S, for the calendar year a decrease OF
S6 go 466 The transactions Of the NeW-York Clear
ing House were much larger in volume than ever
before recorded despite the shocks o. Northern
Pacific panic in May and the assassination OF Presi-
dent Mckinley SiXty-Seven per Of all the
exchanges OF the clearing houses of the country
transacted through this city. S7S Ooo OF
total OF S1lS5lS000lts. This increase over
the previous year OF S.6t0 0t9110 and the maxi
ever cleared through the institution in
year The May panic produced a falling on in
the exchanges from $500 100tGO in May to S. 500
00 900 in June The average clearinss day through
the year were S6 lS.5s2 l9. May 10 the high water
mark was reached with Clearings amounting
$ZS.SlSll5 90 The balances We're also the largest
on record and exceeded the previous year by $500
broken February Ia for the average amount on
deposit with Clearing House banks being 81 on 31e-
GGl-the nrst time that deposits exceeded sOOO.-
The report approves the Brussels sugar conven-
tlon and hopes 10 see IL into OperatiOu al
the countries represented in September. 1893. In
the United states the reduction in acreage this
year OF only II per cent leads 70 the expectation
mat the visible supply in the world in September,
ltS VIII continue TO show OverstOCked markets and
corresponding low prices.