New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-11-30
NETWORK DAILY TRIBUNE. MONDAY NOVEMBER 80, 1885

SCI 81 thatday; touched $G3 70 on the 20th,
but closed Mt SCI II on the Dist and closed
at SCI 90 on Saturday last What Nlr. Gould
said about telegraph affairs appears 10 loie-
shadow war of rates, but the determination
of the trunk lines to put their new agreement
into operation December lst, without regard 10
the Baltimore and Ohio, indicated that they at
tach little Importance to its course until IL c"h
get a line to New York completed, when Is Il
thing not to be done in day.
Other news was more favorable to railroad
properties. Shipments from Chicago increased
reaching 5I,317 tons against about 49,uuo
last year. The movement was swelled, IL Is
said, by shipments in anticipation OF iurther
advance in rates, but it nevertheless proved
that the traffic is now large, and with the close
of navigation is likely to be both larger ana
more profitable The earnings reported lOr
parts of November also indicate more improve
ment than was shown by previous reports. Inc
exchanges are also more satisfactory at New
York the gain last week was 65.l per cent IN
comparison with last year; at Boston, Phil0del-
phia and Chicago about $50 per cent, and at
other towns probably over 10 per cent,whlch Is
moro than it has been ut any other tlme
hitherto. Thus, while speculation appears 10
be the source of great part of the transac-
TONS there is evidence Of a substantial III
prOvemcnt in other trading.
at the same time, it is true that the latest ac-
counts of the condition of various branches OF
business are not uniformly encouraging. Inc
Conpellsvillc coke combination has ordered lO
per cent more of the ovens into blast, making
50 per cent, and the anthracite producers begin
to predict that the output next year Will be Tar
beyond that Of any other year. as 1t has been
thus far this year 100000 tons larger than
ever before. But there is published evidence
that sales are made in large quantities below
the announced rates, and no arrangement as to
next years trade seems probable. The steel rail
combination has raised the price within few
weeks from S2S to $50 at New YORK, and the
great strike of nail makers has enabled pro-
ducers at the East to demand - 30 per keg;
but bar iron seems weaker rather than stronger
in price, and all talk of an al vance in pig is
met by the fact that great many furnaces are
Just at the turning point, and would largely
increase production if prices should move up
ward little The demand for structural IRON
is falling oil. and the steel rail makers begin to
consider that the advance in prices may prompt
wages. Copper, in spite of London, is shade
stronger, while tin Is little lower than it was
a4t week, and lead has realized an advance to
Sl3j.
The cotton market WAS quiet 81 remaining
the price for mddling upIands. aud print cloths
are less active though only 3l5 cents Is the
price. Tho wool market has shown great
strength. though Michigan y is lower at 81
cents, and the possibility of large Imports is 50
near at the present price that an advance Is
hardly expected until the demand for goods be
comes decidedly greater. Pork and lard de
cliucd little last week, and the oil market
after the cyclone early in the week. recovered
some cents in price but not much IN steadlneas,
closing nj 1925. or cents below Saturday the
DIST Sugar was also a little weaker. and
trading in coffee is slow. Butter and cheese arr
steady, and the price of eggs has mounted as 1t
the eggs already had wings
I'm the grain market, Notwithstanding the
weakness of wheat, corn advanced fraction to
- cents. and oats declined only half a cent.
Wheat declined rs cents during the week.
under heavy sales by the West, an accumula-
ton o! stocks. and the closing OF mills ut Min
ncapolis. The exports for three weeks or Nov
cliDtt from AildUllC pplt0 HdN' U''H o'!
500 200 bushels, AZ INST 3,3I3, 100 for the same
weeks last year. British imports from the
Atlantic States in October were only l@1,l61
hundred weight of wheat while from the
Pacific States British imports were 7O3,9O7
hundred wei ;ht, showing that Is usual the
Pacific States have been marketing their wheat
while Atlantic traders have been talking higher
prices The visible supply, for the first time
including Minneapolis and st. Paul with an in
crease of jlO,99l bcshc. for the week, and an
increase elsewhere of j99, 321 bushels, amounts
10 5I,j3j,3IS bushels. besides holdings in Cal
ifornia and in elevators along Western rail
roads, and the stock in the hands of farmers,
and the entire stock of -four IN the country.
Neither the news OF foreign crop, nor the state
of foreign markets appears to justify the spccu-
laton to which the little Servian war gave tenn
polary strength.