New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-11-11

| FIRST week of November exceeding last years by
| % per cent. but exports from New.York show
about rs largo n gain. In these the movement OF
cotton was but little felt and for the first week OF
| November cotton exports declined. being only
115.36s bales, against 1,275 last year. while
receipts at the ports were 300 35 bales. against
o7o O0l last year. In consequence spot cotton
fell sixteenth, but reports Of frost and OF short
Weld in the region tributary TO Memphis pre-
vented further decline. The wheat exports ap-
pear large by comparison with the correspond
ing week last year, when crazy speculation put
the price high above Liverpool, and
| for five weeks past the shipments of
wheat and -four have exceeded last years by
81 90 600 bushels, but the increase of corn ex.
ports for the same week has been 1900 900 bushels.
The magnitude of domestic trade is best appre.
cjated when it is remembered that last years bank
clearings in October 81 800, 900 900 outside
New-York, against 81 100000, 900, the largest in
any previous month, and yet, even in comparison
with that record, the clcarngs outside New-York
this year show gain Of Al per cent For last
week. the comparison is with the week Of the
Presidential election, in which there great
interruption Of business and exceptional gains
to be expected in November, because business last
year was relatively small. But in spite of all
expansion of trade has been such that q currency
s34 900 600 larger than was in circulation last July
appears to be fully employed. There is even some
clOseness or strngency at Chicago, Philadelphia
and Cleveland, and few minor points. but in
general the supply is ample for business necessi-
ties.
The speculation in products has not been violent,
and wheat closed only half cent higher than
week ago, but the movement from farms con-
tinues very heavy, and the visible supply in
creases rapidly. The price Is exceedingly low for
the season, and the rapid marketing by farmers at
such price indicates that they have large supplies
to market Corn declined an eighth, but oats are
little stronger In pork there fall of 81
per barrel, and in lard of one-quarter cent and
sugar also began TO move more freely at 3-4 cents
for fair refining, n decline Of an eighth for the
week. Oil enjoyed an old-fashioned boom, rising
TO 81 90 "a with every indication that holders
mean to put it still higher, and the copper syndi-
cate added another cent to the price of Lake,
while lead and tin little The general
tendency of prices is upward, but less in this
country than in England. Here farm products
are generally low partly because of abundance
and low rates FOX transportation, and partly be-
cause of the effects of past speculations.
The rise in iron products continues, but the dis
position several times noticed to hurry buyers by
exaggerating the advance grows moro apparent.
The Iron Age speaks of sale of rails reported 10
net only 500 90 at Eastern mill, and yet s3l 90
is quoted here and s33 at Philadelphia. For Ne.
pig 81 0 is quoted, though the Thomas Company
is delivering large quantities at SIS. In all
markets, however, there is a genuine strengthen
ing and the excited advance in England during
the week is supposed to indicate actual scarcity of
some kinds Of iron. In the wool market the ten
dency has been in the other direction, prices hav
ing been inflated in July beyond the ability Of
manufacturers TO pay, and whereas 20 1-2 cents
was then the average of 1O4 grades and qualities,
the same now average "a ID cents. At the re-
ducton larger purchases have been made. but
manufacturers hold that an advance in goods is
at present impossible. Employment Of labor con-
tinues full and reports are constantly received OF
new establishments begun or completed