New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-01-20
MONEI IND EES[NRSS

More than TWO weeks 81 the new year have
passed. and the future of business is yet unccr-
| tain 4 cold snap has brought prompt improve
mcnt i'm most lines Of trade wherever it reached.
/ but even there 10 has proved brirfcr than was
| hoped. Meanwhile. dishcartcnins evidence of
rmharrassm from unreasonable weather hitherto
is constantly coming to light, and has lis natural
influence The coa, trade aud stocks, the wool
and woollcn trades. and some others. feel the
effects of the unreasonable weather increasingly
as time passes without the expected distribution
| of products.
Tie single fact that the consumption Of coal
| I'm December was 5G~ 600 tons less in 1889 than in
1857. and 80 600 tons lrss than in lN~N. and that
| unsod stocks rose from ll2,0oo tons nj the be-
! ginning of December lso', 10 l,026,0O0 at
| tie end Of December, 1852. increasing 215,Oo0
| IN tho last month. alone, shows plainly
! how that trade has been affected. There Is 10
! ic added, Of course accumulation Of stocks IN
/ lands of dealers, for so-callcd consumption
/ above mentioned is only the movement Of coal
away from the principal carrying roads More
anthracite is used in iron manufacture than ever
before less in furnaces but more in other works.
50 that decrease in s,cs by the companies and
| IN actual consumption otherwise than IN iron man
ufacture has been even larger than these figures
|
! AGAINST the public interests and their attempt
! 10 maintain prices. have NJ once checked con-
| sumption and stimulated outside production. The
mild winters are a blessing 10 people who are
| thereby permitted 10 purchase less coal. The
| minor question, whether the combination has been
| used to milk the Rcoding for the benefit u the
| Jersey Central is principally interesting to Sc
| curty holders of the Reading.
The other industry which has been most Affected
| by unreasonable weather. the woollrn mnnufaci-
IRE and trade, can no longer charge present mis-
| fortunes to the tariff. For il is admitted that
| there has come decided revival in the manu-
| iacturc of worstcd and light woollcn goods,
that the kinds Of wool used therein are strong in
the markets. The rulings of the Treasury, cN-
Guiding imports of such goods at lower duties as
if they were not woolcn cloths. begin to have
their legitimate effect. ON the other hand the
| effect of two successive mild winters is felt in
much depression " the manufacture of heavier
woollcn goods, and consequent weakness in do
nestle fleece and clothing wool That is n dis
turbancc which prolonged cold weather would
remove, but the unusual stocks of winter goods
| and clothing unsod cause embarrassment and dis
trust, and in some quarters threaten numerous
failures In this case, also, the people who are
not yet obliged to buy as much rs usual are to
some extent gaming what others lose
The most marvellous phenomenon of the time
is the increase of iron production 10 IA 03s tons
weekly, according to the Iron Age, or l75, 90?
| according 10 The American Manufacturer
At the lowest, this is at the rate Of 004s, 900
tons in year. and number of furnaces nearly
completed recently repaired are about to 10
into blast. The greatest British production in
any year has been s,600,000 tons. But there are
unwelcome evidences that stocks of unsod pig iron
are increasing, though final figures to the
extent Of thc increase are not yet given. En-
tcnsiyc railroad building might provide market
even for an increasing quantity of iron, but the
rupture and Ill success of railroad associations
render that less probable than 10 many 1t seemed
year ago. Other annual reports. they
forward, all indicate the enormous and generally
profitable activity Of productive industry last