New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-11-30
MONEY AND BUSINESS.

| The eleventh month Of the year is closing, and
the distribution of manufactured products still
| falls below expectations though trade IN the
| aggregate is close to the largest ever known.
| The West and South are selling more than ever
| before but not buying quite as much, from the
East at least as in some other years. Last years
| short crops at the West, and extraordinary 1all
in the price of cotton at the South followed some
years of over-trading in land and debt creation
in both sections, so that in both there Is large
volume OF Indebtedness to be cleared off. But
sales of merchandise at the chief Western cities
| are. on the whole, larger than in any previous
YEAR. and the rapid development Of manufactures
| in that section may take from Eastern producers
fraction of their trade in some branches i'll which
the consumption is at present not quite equal to
| expectations, and therefore not quite equal to
| production.
The volume of trade is not quite per cent
| loss than that of last November, measured by
Clearing House records at all points OUTSIDE
| New-Yort. and last years aggregate was much
| thc largest ever known in November. Into this
aggregate go really phenomenal movements Oh
| grain and cotton 80 that in other branches oi
business the decrease must be more IMAM per
| cont The exchanges in all Eastern cities for
| three weeks New-York excepted, aggregate $685.
900 600. against S775, 100000 last year, de
crease of per cent at all Southern cities 9loI,
600 OOO against 81 ,000 600, decrease OF neary
per cent; but at all Western cities S652,ooo'ooo
AGAINST S611 100000 last year, an increase Oh
| nearly per cent But even at the East eoiile
| branches of business are larger than ever
The astonishing strength of the iron Market III
snite Of the largest weekly production ever KNOWN
| * evidence that actual consumption docs hoC lan
| helo,y that of any previous year. A better de-
far bor
! - ooO ncw cars have been placed by four rail-
| oods besides similar orders by others, ana tlese
| rooriro from $4,000 to 100000 tons finished
| irop An order for 10000 tons steel rails mas
/ boon nlaced by the Erie, and plate iron Is Ill IAN
| demand but steel bilets are selling at 9-o' 'ne
| Io,vaet nrice ever known, but structural iron Is
| rathor weak. as there is some decrease LII oull'-
| irg which was overd0ne for some years INC
coal carriers feel increased confidence, the actuai
corsumption being much larger THIS year Ulill
| oyer and an allotment of 3,25Oooo TONS mas oeeii
made for December. In the cotton mahuiac,uio
tho quantity of material taken by spiniieis 'i''
r,o,tb ia 20 500 bales more than In the same
,yoeks last year. and the demand for goods sui
| fees to fairly sustain prices.
| Co,d weather has brought distinct improve
ment in the sales of overcoatings ana other heaN y
woolen goods, but dress goods are lulet, anu
some union cassimeres are selling per cehC io"vi
4 decline in the price of carpets Is also senei"hS
exnected The knit and worsted WORKS appear ~
mo well employed and the sales OF raw wool ac poS
ton Philadelphia and newborn thus lar .ni' go,
o,,,,roo,te 900 600 900 lbs, against 236,OOO,Ooo
IL tor tho same weeks last year. decline OF Z
nor cont This decrease is readily accounted Tor
hv the extraordinary importations of goods IN an
,icnoton of the new tariff for the value OF cloths
and dress goods alone, imported in nine months
| ording with September last year, was S0,OOO,ooO
morn than for the same months of the previous
wear which would represent many million POUNDS
Of raw wool. Receipts of hides at chicago snow
an increase of so per cent over those OF
line weeks last year, and at other Western points
eceints are large and yet the markets are nowhere
so denressed as TO indicate an inadequate con
sumption. The decrease in shipments of boots and
shoes from Boston is still but about per cent
Icompared with those of last year
The great industries all continue hopetui, DC
cause the marketing Of crops goes on win uhpfece
denied rapidity. OF cotton, 10000 bales more
came into sight in November than III the same
month last year, and the exports were ll4'ooo
lbales larger. The price has dropped a shade 70
os cts for middling uplands, and with 4,576,379
bales already in sight since September ], whereas
lAl52.O14 bales was the greatest quantity that
aver came into sight during the first three months
Of any previous crop year, short crop estimates
naturally have but little weight. Receipts OF
wheat at the few principal Western markets last
week were over 100000 bushels, and III foul
weeks of November have been 3O,l 1000 against
lO-717s35 in the same weeks last year. The
price has declined TO cents in different posi-
lions in spite of the Russian ukase prohibiting eX
ports. which finally went into effect last Monday
From Atlantic ports alone the exports in. foul
weeks have been equivalent 10 100000
bushels wheat, -four included, against only $500,
600 bushels from the same ports last year. Cor
is cornered again az Chicago, and November sell
here at rs cents against December at 90 cents, bu
porlx products are shade lower I'm the price o
oats there is q slight decline, and half cent II
coffee q cent in oil, and sixteenth in granuatc'
. sugar
With increasing bank reserves considerable re
cepts Of money from the interior, and imports o
over half million gold, there is no trouble In th
money markets. Merchandise exports from New
York for four weeks exceed last years by S7,46l
1872, or 81 per cent, and nearly all the enormou
increase in cotton was at other ports, 50 that al
, exports for the month seem likely 10 excee
, lS0e. 100000. Imports at NcwYork in four week