New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-05-18
NOTES on INDUSTRY AND TRADE.

MULES Wv IhDCO1AI Avn IhdDE.
STOCK FLUCrUArION,.-A year 40, the prices OF
sixty average stocks averaged over 500 per share,
and dropped during the week ending May "a 10 the
lowest point that had been touched for than
i've years-an average OF 90 90 But the average
price of the same stocks at the close Saturday
WAS only $40 - and tor a whole year they have
struggled In TO reach an average OF S53 which
was considered abe urdly low wnen 1t was touched
early in May, 1884. Ii was thought that the mag
nIhcent crops of last year would bring great rise
IN stocks; aud then. that the success Of the Demo-
cratic party would bring II, the beginning OF q
new year. or the outbreak of foreign war. But all
the time he main trouble was Ill the management
of tho corporations themsel, es so long as they
quarrel and cut each Others throats, 1t Is not
strange that investors tInid. Hence the best
news vi recent tor stOokholdersls that which
shows some substantial progress made toward
peacsabie settlements But there is still room for
progress the same d ctlon.
EXPORTS OF WHEAI.-The official report for
April, Issued last week, shows that the quantity
shipped, nearly one-naif III Hour reckoned as
waeat. was IOOo6,6 500 bushels, against
93v2. 263 IN AIril 1854, when the surplus was
much smaIer and there was 40 expectation of for
eigu war TO stimulate nasty purchases by countries
OF " estern Europe. IncIuding net exports fiom
all the ports to January l, and the exports from
the principal ports tor four months of this year,
the uuantlty OF wheat sent abroad from July l to
NAV was III 70l, lib Dusaes, and a movement
Tor the remalniny months not greater than that
o; May and june. 1854, would make the aggregate
exports the nscal year about l34, 100000. This
would exceed by about 22,OOO,OO0 bushels the ex-
ports OF the previous year. but 1t would leave avas
surplus on hand Yet the price of wheat closed on
Saturlay lust o. of q cent higher than the same
date last year.
FURNACES IN BLAsT.-According to The Iron
Aoe. eighty anthracite furnaces were in blast May
l. and ninety live coke furnaces; the capacity was
only 20, 729 tous anthracite lrOn against 1887
tons coke IRON This shows further progress III the
substitution OF coke for anthracite fuel. In all.
AK less anthracite furnaces are In operation
Lnan January |, but thirteen more coke furnaces.
The net increase weekly production OF
IRON - only $3.50 TONS; the production OF anthra-
cite non has decreased, while tnat Of coke iron
has Increased nearly 10000 tons
COAL MINING IN OHIo.-The difficulties in the
Tuscarawas and Connection valleys are the result of
the reduction OF wages effected Ia the Hookin
Valley by the long STRIKE Tho coal Of these other
mines must either sell so as compete with
That OF the Hooking Valley or not at
ait and since the deduction of wages the latter
reolon. tho competition has so depressed prices
that at the sh ppIng ports IL is sad only 81 rs to
50 l5 Dor net cou Is paid board. The rates paid
for mining nave by agreement been 10 cents ton
above the rate paid IN the Hooking Valley, because
the veins arc thinner and the work harder. But
the miners are not wiling TO have tho correspond
Inv reduction made, which would cut down their
wages from 20 to 80 ceIts per ton, and tney are
advised 10 resist, II IN saId by Mr. BRIDE, president
! of the Minors Union, who directed the Hooking
| Yalloy struggle. 1t IL now asserted, however,
that tie LOCKING Valley miners, at Only 90 cents
Dor ton. can make enough 10 save from 25 to 80
! per cent Of thor earnings Many of them. il
10 said, earn as much as 300 per month At Wheeling