New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-04-27
rrv-yoRK DAILY TRIBUNE MONDAY APRIL "a 1886

of the manufacture warrants weakness 10 co'.oo'
and gives little more strength to print ciotns.
but the demand for staple cotton goods Is stiii
of hand to mouth character, and when large
sales are effected 1t is mentioned that very
low prices rule. The business in woollen goods
is still pronounced disappointing. The feature
of the iron market was sale OF 800 tons NO.
foundry in Philadelphia at SIT 80, but TIN anu
copper are both little stronger.
The advance in rates of exchange and the IN
crease of the reserves in the New-York banks
appear to be parts of the same fact. Inc de-
mand for money is increasing in Europe, anu
decreasing here. As we insist upon creating
more of it every week, 1t would be natural that
the surplus should go abroad but what we
create is silver, and what Europe wants Is goid
Great Britain wants to raise S55,OOO,Ooo
already France puts premium on gold 10
prevent losing it, and buys sterling here In
order to get more of it Germany has presently
to fortify its Treasury for emergencies, be-
cause through Berlin the wants of Russia Will De
felt in the worlds money markets. All Europe
wants money in order to prepare forthe strln-
gency which an outbreak OF war would cause
And, as If to make sure that Europe should
draw gold from us rather than from any other
quarter, we are putting up the prices OF our ex-
nortable products so that gold may go abroad
instead. The Treasury now holds, in excess OF
certificates. only $119, 1884, 2s gold, but the
amount of silver held in excess OF certificates
has increased to $52, 521 1871. This is In part
because last week 45.s per cent OF the pay
ments at the New-YOrk Custom House were In
silver certificates, which raises the proportion
for three weeks of April to 4112 per cent.
The troubles between labor and capital do
not cease poor as business is in nearly all
branches there are many strikes in progress and
others threatened. II it be true that the iron
6nishers and the puddlers have finally come to
n rup.ure, the threatened strike in the Pitts
burg district may be averted, but the collapse
of the coal miners strike, which was very near,
was prevented last week by the workers In
nine mines where the wages demanded had
been paid, who nevertheless stopped work In
order to encourage the strike. In the Cumber-
land district the miners demanded an increase
| of wages from 40 to 80 cents per ton, or 20 per
cent. and that at a time when prices are both
low and demoralzed. The glnssblOwers strike
in the Pittsburg and Wheeling district is still
sustained, in spite of large losses and the coke
syndicate finds that the orders are diminishing
| from the West, where the iron business Is said
| to be remarkably dull.
Itbecomes unpleasantly probable that. as soon
as there was a chance of war in Eur ope, all the
speculative markets have proceeded to dis
count it, and so heavily that the practical re-
suit of the war itself, If it should come, could
be only disappointment. That is after the
American fashion, but it is unfortunate that
this additional cause of depression should be
brought TO bear just at this time.