New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-01-26

the market unattraCtivc III the estimation Oh iaA
Foreign trade continues heavy, imports al "tw-
York for the month thus far exceeding last year
by . - per cent, while exports IRON us polhC
also show a small increase. and these :i-"reS IN
dictate a considerable excess of exports over M
ports for the month. Sterling exchange no longer
threatens exports of gold, and there are fewer
indications of foreign selling OF American stechs'
and yet the market wcaiens.
There has been some Improvement III the OUT
! look as respects the great industries. n stlheh-
! ing OF tone, though as yet without quo'a"ic
change in prices is caused in the pig iron market
! by the large decrease IN weekly output, DuJ ui-
sold stocks swelled 50 rapidly in December that
buyers are not in haste to advance prices because
of stoppage of furnaces which is avowed y iof
a temporary purpose. The demand for most kinu'
of manufactured iron and steel is still compar'-
! lively scanty and the endcavor OF raimakeIs 10
csta blish an advance in the price to $50 as Tue
first fruit of their consultations does not meet
much ENCOURAGEMENT as yet. The price OF pr'n1
! cloths is little better and some other grades VI
cotton goods are advanced. The woolen manu-
facture grows more hopeful, and sales OF WOOL
were larger last week, indicating increased coh
Gdence or an increased demand for goods C-oUNii'
are buying rather more freely OF some Sraues' anu
while priccs are said to leave but a narrow mar
Gin of profits TOR most mems wear wooiiehs' theic
is visible increase in tie buying.
Speculative operations during the past week
have not been disturbingly large. Wheat Is u
shade stronger than a week ago, in spite oil small
exports and there is the usual effort 10 ii'Nc "
believed that available supplies Will ne lhauepu""'
Corn has risen "a cents during the week. lho"sh
exports for the month thus far are scarcely onc-
seventh of the quantity exported 10 Tie same o''c
last year. but the Government report lhulc"'1s 81
,,reot shortage that much advance in price would
he justified were it not for the TACT 'h'C "c''Iin
nork hacking since November has exceeded that
of tho prcvious year to the same date by aDouC
zoo 900 hogs. or 6 per cent. The enormous sa.eS
If animals mean a remarkable Shrinkage In the
ou,utitv of corn required Tor farm consumption
Cotton has fallen is, though exports Tor Inc
,onth are - 900 bales smaller than year ago,
,,hilc receipts from plantations are 0?,ooO paieS
l,rccr for the month, and takinss oil Northern
SINNERS are about 100000 smaller loIN
stc,dv and butter in better supply ana cheaper
ronrc has risen 20 cents per 100 POUNDS, OIL
cents. and raw sugar Is during the week.
I'm, Treasury again reduced its balances though
,nlv 800. 00O bat put ont $6OO,OoO III ne" Sii-
vcr noles The banks gained Si,2jj,oO' through
excess of interior receipts over Shipments 80 ''"o
ocain the greater part of their Increase oil qo'-
400 j., tracc1hc. since January tIlc "'
have now .~tiEcd S2?.?22. 100 but OF TINS 9Ih-
l40. 600 was made mp by known receipts from
,bc interior. and Si,5OO.OGO by Treasury dls-
bursercnts, While there has been small excess
of gold imports. Thus, there Is still no room
for the ,uppositon that great amounts OF hloi'S
were locked up in December - make money ugh''
and have been released IN January to make the
market easy. The natural change III confidence
particularly ~ To the passage OF a iree7eoihas'
bill at the present session. explains SO much Oh
fine relief as is not due to the regular return oil
money after January settlements. Bat any COM
promise on the silver question is highly lmproDa-
bic. since tie silver men have the power to force
an extra session, and tic votes then to carry
what they please. Confidence that the danger
is permanently removed or even for the rest OF the
year. would be unfouudel. Fortunately the dan
ger has ceased for the present 10 embarrass the
commercial loan market, which IS decidedly easy
and well supplied