New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-11-23


thus far, against s4s,SsA las' Ses .,r.adv in
A. 3s. 900 bales from the new UP .. .hs total
r'".' .,.,s s.eus little prospect that tne 'o-.
Weld will be Us short as some eAp'." o. cotton
~ w, sao ooo 600 due this country LOT co'vo.
p.".sr yoorted in twenty days, there mus' Ia
." -ookoned about S1e 100000 for wnca" .n
O.. oxnortcd in the same time, besides 'ne -
- n,hor breadstuffs. Exports OF wheat anu nv.
=. ,r,oo wecks from Atlantic ports aione nA
49, eoual 70 11,1I2,501 bushels whea'' &c.,
. s-a 5a1 last year, Western receip'S W.s.n~
aorble last wears, in three weeks oi 900
90 ooo ooo bushels against ll,Soo'ooo'
A. rr;ce during the past week has, on 'no
ana declined half o. cent. The Russian uksSe
"n''S 49,, 90 often reported, and so Thoroughly
,,soourtcd. that it may now have less enevo VIZ
So mice than the rapid accumulation VI e'.
w Wa, these large exports of two classes .hr as
-. 80 merchandise exports from New OH "i0''s
s'a hssn in three weeks $6,7030oo' or 90 pn
.... Greater than last year, which wouiu ~ne"u'
;stitv an estimate of $o5,o0O,0Oo TOR ohe n'oA
On the other hand imports mere III VIZ .I,.r
have been S3,589,000, or lo.9 per "nv, 49, .r
than for the same weeks last year. poin.,ne ~sos
oogrepate for the month not much eAceeuinH - -.
oOo. 900 1t is not to be expected 'n"O - ,n
norris can cease under such clrcuniS's'H'e''
addition, there have Of late been mo1 .,
.,,.n sales of stocks on foreign account, as -
% ,'.. 10. a. Last been convinced that Win
.un,hIoue times threatened abroad American &c
orr;ti.. might be on the whole the safest 70 Keep
Nm account Of this and the noteworthy
- domestic holders, the average price OF STOCKS mss
risen tbree-ouarters of dollar during the week.
m. large railroad earnings, being 10 per cen'
nv. tbose Of last year for November thus Iar'
bavc undoubtedly helped to strengthen noioer'.
Tho volume Of bank exchanges at CieahnS
Houses outside New.York do not indicate mn
t.r;al change in business. Transactions iaso nv
vember were much the largest ever repor'eo IN
thar month. exceeding those Of any previous year
nv more than six per cent, but In three weeks 'n'0
- tho aooreaate has been less than four per
cont below that OF the same weeks last year, nor
yitbstanding the lower prices now prevailing
When il is considered that the average OF prices
for commodities is now about per cent lower
than n year ago. as it should be with unusually
abundant crops the decrease in the Voiunie VI
business appears to be quite small Yet IL is SUI
cient in some branches of trade to cause continued
complaints Of dulness.
The truth is that the increase in the marketing
of products swes trade at the West. ana "ouia
largely expand trade at the South but 1or .he lnuo
lower nrce of cotton, while this increase is little
more than DalanCeu Uuus lui ehic A@AA -
crease in sales Of manufactured products which Id
felt chiefly at the East. Yet in these departments
also there is felt an improvement since seasonapie
weather appeared last week, and sales OF hea'S
clothing and woollcns, boots and shoes and other
products have increased. The cotton mills are DO
ing large business but partly on account OF the
decline in price Of materials do not report as large
dividends as last year, thrtythree mills averaging
only as per cent on their capital' against 76 per
cent last year, the average for six years having
been rs per cent. But net profits Of nearly per
cent can hardly be considered ruinous.
Woollens are in better demand. but clothiers
ara still extremely cautious. The iron manu-
9ctre is encouraged by orders for $4,000 tons OF
rails. accepted by Western mills within two weeks,
and there Is more inquiry for plates, while large
contracts for structural iron are In prospect, but
bar is still weak. Pig iron does not decline, not
withstanding the unprecedented production; though
the Thomas Company has made sales with guar
antee to adjust the price according to the market
hereafter if lower In the boot and shce business,
shipments from Boston continue about per cent
below those of last year. Though the production
of anthracite coal in October was beyond all prec-
| edent the apparent consumption was also about
as large 02l tons, and for ten ponths OF this
year, 80, 100000 tons, against 29,700,Oo0 for the
same months Of last year.