New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-01-12

Financial Chronicle each week showed receipts
last week alone exceeding their shipments pS
81 90 900. This known movement renders 1t
impossible that any large return of funds from
conccaIment can have taken place. Those who
have invested freely in securities have probably
uscd ,hc money recently dSbursad, and not sums
tol,cn from anv hiding places. Nor have circuni-
stances during the last week been such as to call
b,cl, into active use any money previously boarded
The upward movement of stocks may nc iairiS
attributed TO legitimate in1uences-the investment
demand. the satisfactory progress Of the western
Traffic Association toward working order. ana the
reduction of its rate by the Bank OF Englahu'
L. is true that the railroad presidents have noo
vet reached an adjustment Of the matters wpioh
must cause most difficulty. but the spirit mani
tested impresses the Street strongly, as IL WIS
doubtless intended to do. The reports OF eain-
ings are also encouraging. and although INC gin
in December was but CTS per cent, against
rain of s6 per cent for the year. mileage haNins
increased 81 per cent, there IS grouhu ior ea'i'
faction in any gain whatever after par'lai
of crons Rut it. is not wise to forget thal gralh
and cattle shipments must fall oil SERIOUSLY uulihs
the rest of the crop year. ana that bi "c''
LEGISLATURES and in Congress the new 'railc da''
citation is ant to he regarded less favoraoy 'i'h
in the parlors of capitalists
The rise in prices Of products must NC fes",oeN
MS mainly the fruit of anticipated ilha'ioH
Wheat cynorts from Atlantic ports still fall far
below those of last year, and corn exports "ie
not = tcnth as large for the latest week or
quarter as large for December as thoSe oI iaS'
wear. Exports of cotton since January nave
been substantially the same as for the correspond
inc period of 1890, though the receipts at al
norts have been 1000 bales larger ana the
okinrs of Northern spinners $4,000 bales smaller
chan last vcor The movement Of cattle ana
hocs is still extraordinarily large, and stocks OF
provisions at Chicago are heavy. Actual scarcity
Of some kinds Of wool is given as reason ior
son,c recovery in prices and since the proposed
adjustment of duties on so-caled worsted goods
the home manufacture has made great progress
in some branches. But no Improvement appears
i'm iron or steel and in fact some quotations at
Pitt,burg are lower than a week ago. not"lth-
standing the stoppage Of twcnty-six furnaces IN
the Mahoning and Shcnango valleys having u
capacitv Of s. 900 tons monthly, and the closing
of other furnaces in Alabama having a capacity
of about 30 600 tons monthly, on account Oh Il
strike The reason seems TO he that ral-mllls
and other works which when in operation con-
sumo fully $50, 600 tons of pig-lron are now In
active. and the demand for structural, plate ana
bar iron is slack
The imports for the past two weeks at New
York have fallen nearly S3,oOO,OOO, or ABOUT
sixth below those of corresponding weeks a year
AGO. while exports since January l show an in
crease There is a heavy decrease IN clearing
house exchanges for the week ending January
and a considerable decrease last week at New
York, Boston and Baltimore. though at Chicago
a remarkably large gain. The aggregate of eN-
changes ut fifty cities for 1890 was S6O,l4l O0o,-
600, gain Of : per cent over 1889 But at forty
nine cities outside Of New-lork the aggregate was
So, $50. O0O.O and the gain III per cent. The
advance in prices accounts for much of this gam.