New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-11-10

about the same amount has been added to the
Treasury notes outstanding. This shows that the
demand 1t other monetary centres Is still pressing
and. while money ID easier at Boston and Phila-
delpha, IL 81 still In urgent demand at Chicago
and many other Western and Southern points.
The country districts are said to be well supplied.
hut the return to centres Of trade ID little
slower than usual.
Then the Bank Of England. apparently appre-
hending trouble In the London stock settlement
this week, held an emergency meeting on. Friday
and advanced its rate to per cent The trouble
at London n not with Americas securities only,
but these have just now declined most, and
Americans are the securities for which there was
supuosed TO be market. When men cannot sell
Argentine land mortgages at any price, but can
take a loss on American railroad shares and bonds,
they have 10 do what they can. The enormous
excess Of exports over imports in October, with
prosuect OF greater excess hereafter, on account
Of curtaiment of imports by the tariff, threatened
a drain Of gold which the Bank Of England could
not afford to permit. Besides business men in
England are quick to see that the repeal OF the
new tariff. which the elections appear to them to
promise would mean serious and prolonged pros
tration of industries here. and they DO not quite
realize that q Congress elected last week will
probably not assemble until December OF next
year..
BreadstufYs declined last week sharply, wheat
Ia cents, corn 3-S, and oats cent, exports
of wheat and corn being still far below last year.
The theory that Europe con be compelled to buy
at any price that Chicago may accept does not
get much support from grain movements, Tor the
Pacific Coast continues shipping at about former
prices, while the shipments from the Atlanue
Coast are very small. Cotton, on Inc other hand'
moves the more freely because of q further de-
cline in price, which was O quarter OF cent last
week. and the crop is by some now supposed
to be nearly 5000. 900 bales. Pork products are
lower though they are freely exported, the
number Of logs packed since March exceeding
last wears by about 100000, or 33 per cent.
The movement of oil is also heavy, and the price
has declined over cents Dairy products grow
dearcr RAPIDLY. as is natural after the partial
failure of some crops, and refined sugar is lower
Tin and lead are both lower than a week ago.
and the general average Of prices is but small
fraction higher.
The wool market is much more quiet though
purchases of manufacturers are supported BY large
orders for goods The spring season, as 10 fancy
drc,s goods has been remarkably short and salts
factorv and most of the mills have orders sum-
| cient for full work, with more remuneratNe
prices than they have known Tor years Inc
market for fiannes is stronger, though with no
change in prices, but the mems wear commission
trade has been disturbed by some failures ana
the subject of long credit to clothiers IL again
| much agitated. A heavy sale Of bleached cottons
| at prices much below the market is attributed TO
accumulation Of goods, while colored cottonS are
| strong. An advance of about 2 1-2 per cent Is
noted in hosiery, and some hope that III per cent
more NAV be obtained next season, but the state
| of demand and supply hardly seems to justify
| that expectation Iron is not materially changed,
though Bessemer and rails appear weaker, ana
one large lot of Southern foundry No. is said to
have been sold at very low figures. The orders Tor
most finished products Of iron and steel continue
enough to keep the works well employed Inc
boot and shoe trade is larger than in any previous
wear. and the building trades are mentioned as
unusually active at many cities
The volume of business continues larger thah
ever, though for the first week OF November the
| increase over last year in clearing house ex-
| changes was but 8 per cent, probably owing u
the great interest in elections. In October the IN
crease outside New-York was over IA per cent
and the aggregate was $a,200,000,000, consider
| ably greater than in any previous month. IL is
particularly noticed that the imports, at least at
New-York, do not yet show the decline anticipated
| those of last week exceeding those OF the cor
| responding week last year by 40 per cent.