New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-04-19
MONEY IND ETNIAESS.

| orponization of labor even the wheat market.
| The operators who rusheu May wheat up i
cents ON Saturday apparently believed that the
railways will stop running entirely IN that
month. and that the lakes and canals will also
90 on strike. for there is more wheat ID store at
| Chicago and other lake ports than anybody
wants to see delivered at New-YOrk III May.
| The movement had some support lii an export
| demand tor the Mediterranean. which has been
completely stopped. however, by the advance
| in price. All late reports official or UNOFFICIAL,
indicate yield tins year approaching
| 800 OOO, 600 bushels of wheat. and the stock
unsold at the beginning of the new crop year
must also be large. Corn advanced about l
cent during the week, but in that case also OK
ports were stopped. Oats fell 6ve-eghths on
Saturday. The tone Of the provisions market
! was wvahUI, With q dooli"o Of eents nor 100
| pounds In lard and cents in tallOw, cent per
poupd in butter, a quarterOf "a cent In eggs. and
an eighth In coffee Tin was also cents lower
per 100 pounds, and lead % cents, and 1t was
high time that imports of this product should
be stoned TO attribute a change in oil TO
ANYTHING in particular would be unreasonable
but the price advanced 3% cents without a
change in refined Cotton remains unchanged,
|
lifted the price an eighth; the exports of col
ton are still large, aud III March were 80 per
cent larger than last year.
Those who believe the demand for iron an
unfailing indication of the business future find
great encouragement in the reports for April l.
| The capacity Of furnaces in blast was greater
than ever before in April, exceeding by 1858
tons weekly the capacity in 1882. when the an
nual product was larger than ever before or
since The production is ut the rate of
5,453, 081 tons yearly, and there is some reason
to doubt whether the demand justlfies great
production, about 40 per cent larger than
that of April /, 1885, and % per cent larger
than that Of January | this year. The price of
pig Is barely sustained. and bar and nails do
not advance, but orders for steel rails already
booked for this year SAID to be about
900 900 tons, and $50 Is by many works no
longer accepted. better demand for anthra-
cite Is reported which is partly due to the strike
of bituminous coal miners. Operators repre-
scnting e-tcnths of the production of the
Clearfield region state i'll circular that the
competition with smaller sizes of anthracite
and with coal from Virginia and West Virginia
makes it impossible to pay higher wages. But
the strike continues, much TO the comfort of
anthracite producers and transDortcrs, and
meanwhile, among the items of industrial news,
ii appears that the Fire Creek Coke Company
OF West Virginia will at once add thirty four
new coke ovens and the Wyant Works thirty
more. Strikes are often unsuccessful in many
respects, but they generally succeed in driving
away business, as intelligent wOrkngmen are
beginning to learn.
1t Is significant that easy money and small
expan sion OF loans did not lift the stock market
last week. nor did all the strikes and labor
troubles much depress it. The average at the
close was only twenty eight cents per share, or
a quarter OF a cent on the dollar, lower than on
the 10th. There is some buying by the public
even now, though most operators consider it a
bad time TO take responsibilities or loads in
view OF the threats of labor agitators. APP
parcnuy the fact that people dare not put
money into industrial enterprises, and cannot
get any interest to speak of for 1t on stock coli
lateral. leads many to buy securities as about
the only way to use money. The Treasury took
in $1.313, 1G0 more god than 1t put out last
week, the silver and legal tender changes be-
ing insignificant, while the New-York banks
gained 100000 specie losing little more in
legal tenders. This is a strong indication that
instead of the usual return of money to this
centre after Aprl l, there has been con-
siderable outgo still, though the domestic ex-
changes generally favor this city. There Is a
feeling in the Street that gold shipments may
at any time be renewed, but the political ex-
citemcnt and uncertainty and the consequent
stagnatlon in business in Great Britain check
that tendency thus far. On the other side. too,
the fall of silver on Thursday to the lowest
price yet reached. 46.19d. per ounce. is not
calculated to produce enthusiasm in trade OF
activity IN industry.
Imports here arc somewhat smaller, averag
ing for TWO weeks past only l per cent more
than last year. but the exports grow less favor
able. For the past two weeks exports from