New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-11-16
MONEY AND BUSINESS.

Tho nost week has been one of Improvement In
the stock exchange, adjustment OF prices LOT
staples to lower quotations in view OF enormous
crops and receipts, more encouragement in the cot
ton and iron industries and fair progress in other
important branches. Exports of breadStuifs con-
tinue heavy, exports of cotton begin to exceed
last years. gold still moves toward this country,
and foreign troubles cause no financial dls-
turbance here. 1t is still the fact that dstrlbu-
ton of products in some branches Is less rapid
than has been expected, and complaints OF dull
trade are not infrequent, but the volume OF SET
Elements through clearing houses outside New
York is much larger than year ago at the "est'
though smaller at most Southern and Eastern
points Thus, the exchanges at clearing houses
in New-York, New England and Pennsylvania to.
cether, excluding this city, aggregate S21S,oOo,-
900, against $234,5O0,000 for the same
weeks last year, and at the South
S30, 100000, against $4l,000,O0O last
wear. but exchanges west of Pennsylvania, includ-
ing Missouri; aggregate S269,o00,00O, against
S225. 900 last year. The decrease at the
South is hardly greater than at New-Orleans alone,
the loss at other points being about balanced by
gains at Galveston and Houston. At the West.
twenty-t three cities gained, many of them largely,
while only nine, mostly small places. show smaller
transactions than in the previous year.
Railroad earnings reflect the heavy movement
of crops, 147 roads showing gains Of s5 per cent
for October and A roads showing gains Of 0.3
per cent for the first week of November. Grain
and cotton movements are larger than ever be-
fore, and the movement Of cattle has hardly ever
been surpassed while the roads are probably main
tanning rates better than year ago. There has
been considerable selling of stocks Of coal-carry
ing roads, in the belief that the Reading will be
compelled to insist upon transporting 10 It's full
capacity, and that other reads cannot accede with.
out struggle But up to this time the coal
movement is the largest ever known in any year.
and the consumption very large. The prepOnder.
ancc of speculative influences is on the whole, OPP
posed to rise but stocks have rallied during the
past week. the average rising CO cts. per share
Western receipts of wheat in two weeks Of
November have been over 15,sO0,000 bushels,
against 100000 in the same weeks last year. and
since August 1 1o6,700000 bushels, against
44,6O0,OOO last year. Exports are fairly main-
tanned, nearly at the rate Of October when more
than 10 0G0, 600 bushels went ont from Atlantic
ports alone, but the price has yielded over cent
during the past week. The Department report, in
dicating crop of 100000 900 bushels corn has
helped to IA decline of IL for November
options, and still more for spot, and oats have
declined cent. Pork is unchanged, but petroleum
and sugar are higher, and coffee on account of
disturbance in Brazil Receipts of cotton con-
tinuc enormous, even larger than year ago,
sIS, coo bales having in sight in two weeks
Of November, against 81 900 lust year, and dur.
lug the crop year thus far 100000, against
100000 last year, that it grows increasingly
difficult every day TO accept estimates Of yield
which Department. reports justify. The price has
fallen an eighth during the week. and exports for
the month thus far exceed last years 10000
bales.
or tie great industries iron exhibits most
activity the weeks output of pigiran, November
/, being the largest ever recorded, ,6s5 tons,
against 1873, SAG in December last, the largest
previously known. There is some increase OF I'M
sold stocks but this also true last year. the
actual consumption having never been quite
100000 tons yearly, or about IFS, 600 tons
weekly, and tile imports this year have been
but 1000 tons weekly, against $500 last year.
Consumption is nearly If not quite as heavy as
ever, though smaller in rail-maling but the plac-
ing of orders for 10000 tons Of rails By the
Pcnnsy lvania last week is expected 10 start new
activity in that branch also. Copper is weaker
with accounts of great production, and Lake is
offered at IL SIS cents, while tin and lead are
lower.
Orders for boots and shoes arc said to be in
creasng, aud manufacturers better employed
though tie Western demand is still backward
considerable demand from the South is seen, and
shipments from Boston this year thus far fall
but 1 per cent below last years In woollcn
manufacture the sensation has been u great sale
of carpets which is expected TO help in remov-
ing threatening accumulation The demand
for women's dress goods is still large, though
some job lots are cleared OH at low prices. but
for mems goods the situation is unatered, rs il
is between seasons" and clothiers still adhere
to their waiting policy, not being clear what
styles tickle fashion will demand. In actual sales
Of wool thus far this year compared with last