New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-11-26


France has been used to lift wheat at Chicago,
| but there are many usually sagaciOus men here
who fail to see " the connection of thought
Pork and lard have been stifened by the rumors
| about corn, but the large receipts at Chicago
and the increase of over one third in the hog
packing at the West thus far this season should
not be overlooked, nor the Reuter- dispatch
from Paris pronouncing it probable that the
decree fOrbidding the Importation of Ameri-
Hcan pork will soon be withdrawn in conform
atty with the report of the Hygenic Commits
sion" AS for the whiskey business, the hope
OF reduction or repeal of the tax is having a
favorable effect. Cotton has been stiffened,
but only one-sixteenth, by reports of bad
weather; the receipts and exports last week
were both small, as were the sales.
The only real embarrassment in business is in
some branches of manufacture and the dstribu-
ton of their products. The principal difficulty,
as is well known, has been in iron, and because
OF the sudden and enormous increase in capacity
of furnaces and works. AS The Bulletin of the
Iron and Steel Association affirms, the same
difficulty appears in allo ther civilized countries,
and the only remedy is to make less iron and
steel until consumption has increased. British
manufacturers, according to London Iron of De-
tOber 26, have an outlook even more gloomy
than that of American works. and that paper says
OverprOduction lies at the root of the evil"
Hence the stOppage of a number of steel rail
and other works during the past week can be
regarded only as necessary though unpalata-
bic remedy. Some Of the largest establishments
have declined contracts for rails at $50, believ-
~ ,,Al ,,tA l.. L
look for pig-irOn is considered much more en-
cOuraging. New mills are pressing down the
price of nails, and Western competition the
price of bar-irOn, but it is also evident that
questions at issue between the manufacturers
and the trades unions have something to do
with the matter There is no change in the
glass workers controversy; the manufacturers
are said to have imported enough to supply all
their customers.
The returns of railroad earnings continue
encouraging. BY many the proposal of Mr..
GOwcn to withdraw from the presidency of the
Reading, on the ground that the financial sue
cess Of the company has now been assured, is
regarded as strong proof of the general pros
perity. Conflicting statements are made about
the intentions of the ST. Paul, but the report
lowed its old proportion seems the more reason
able. The negotiations with the West Shore for
the completion Of a new East and West trunk
line are by some regarded as not improbably i'll
tended TO influence pending arrangements with
lines already completed. Among the most en-
couaging events of the week were the refusal
Of the courts to help spectators break down the
Northern Pacific, and the publication of the
Oregon and TmnscOntincntal report. As the
State Railroad Commission has no particular
power over the rates of most of the trunk lines,
it is considered Il sensible thing that they calm
ly tabled the proposal to denOunce the late adj |
vance in rates, but some persons will not think |
the Commission faithful to its duty unless it |
helps people who own no property TO break |
down the value of the property which other |
people own. From their point of view, the |
Commission seems likely to be a sad failure.