New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-07-16
Total. ..... ....--.-.-.-.- g..
Outside New-YorS.........-l o.J

Tho OF about so per cent since 1882 is to be
attributed not wholly but largely to the decline IN
speculation As the returns are chiefly interesting as Al
indication Of tho volume legitimate business apart
from operat tons or less OF gambling character AT
tse exchanged Is beat put aside the returns from
Nav York altogether Exclusive OF Detroit and OMAHA
not reported previous years the aggregate Outside OF
New York shows decline of 9i2 pcr cent In comparison
with 1884 and about II per cent In comparison with
1888 when aggregate the other cities was largest
Thcre can be no question that the general decline IN
prices since first half of 1883 has been rather mere
Than II per cent. Hence IL may be Inferred tha inc
general business ri the country apart from the srccna
linn I'm securities and roducts at this city, continued
10 advance In volume until ss3. ana MISUNDERSTANDING
rho disastrous decline prices actually Increase In
bogn nj and sold during the nrst half of 1854
But during the first half OF THIS year, the luan,i,'ss
drst half OF 1884 but somewhat greater than IN any
previous year Certainly this Is not dseartenl.lg dls
sIly entertained that there has been AN enormous
shrinkage in the quantities OF products consunea u.
th cannot he the the record, OF prices nave
been erroneousy computed by experts ON the one hand
or on the other the returns OF tue clearing HOUSES Lave
I'm some way come To bear different relation TO the
xn,nmc 81 business from that which they did In
previous years. rhec is no indication OF such enanse,
occnrr sufficiently important to materially affect the
conclusions reached The depression IN business theo-
FIRE iuriug tho past four years, When rcducei 10 s
Am lest terms amounts this that there has been an
important shrnkaee III prices 10 tGa Us I'm, u, o,ier r
consiip pton OF tho people has Oh me Mnolo nce Us
much diminished a. many pcrsoce business y' men
have supposed
Anoer most interesting feature of returns Is the
increase or OF trade at the Inherent
cities Thus II appears that the decrease ~ ,os.ln
during the past year has been only about per cent IN
Quantities Of Iroincts sold Daring the past four years
The has oeen p pcc On the otaer hand the
decline at Phaiephia has been heavy during tbs past
yS small in previous years. This will naturally be
traced large decrease IL tho anniaetnre aun sas
of IRON to the especially heavy decqe IN inc prizes
of iron AMI steel and of coal AT Chicago IL ai ears nat
hs volume OF transactions IA about the same ms Ia loo
bnt smaller ny Sig per cent than II was last year, q
decrease which, vie of the large decline IN prices OF
grain and provisions indicates an increase anrns nc
ar ia the Quantities of products moved at that CITY, Al
g. Ious the loss has been 10 per cent during tht
past year. and 10 per cent from the ngnesa po
crease at Kansas city, 25 cont during the past year,
about LOO per cent In four Years nus Ieen n sio
has been substantially the same III proportion while
San Francisco there has been an Increase CURING ne pas
per cent is much less than the fall In prices. Inc
same true a. Cincinnati except as To .s p tSs inc
estima tcd all prices. IL 10 suspicious %
nas '9e csn s much less than the known decline in
abe nrces OF the products In which that city deals m
me- occulaye ope raIions in oil, when have affected
eIchanres OF that city somewhat largely. and especially
IN ISs3 on the other hand the decline OF q per cent
dnrng the past year at NswOreans finds only partial
explanation IN the steady increase Tor sons years Ias IN
sme transfer OF business from Now-Oreans to otheS
cities but on the other hand t Is probable I'M. ,hs
affected by partial OF tbs cotton crop last ear anu
by decline in the price OF that imf ortant proues.
Il the minor cities other POINTS OF interest may be
Observed particularly the large loss ut Indianapolis ana
PEORIA and the gains ut Worcester and Syracuse III
general IL may be said that the Eastern manufacturing
Cities show larger transactions, especially II thc guam
titles transferred considered Instead u values ina"
the current report would indicate. Ia,
he business OF the country has been maintained with
surprising seadiness notwithstanding all the losses o
the past few years Capital shrnks from Investment and
acenmnates in unprecedented amounts In the nanSs
Whiting for a hopeful outlook hut meanwhile tue
prodnctve Industry and the Legitimate trade OF tho
country have gone on with much less change, excepting
In the prices OF products than has oeon usually s"P
posed.