New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-03-28
NONLi IND HLNfNE.SS

Seals and silver have made prices the past
week. The controversy about Bchring Sea causc,
London selling OF American stocks and such a
decline in prices that the average here is lust 81
per share lower than a week AGO ON the other
hand, foreign selling aud American depression
might both have been much greater if votes in
the House had not made il plain that the silver
Hill cannot become law. There would bc little
chance that it could even pass the House this
week il IL were not certain that veto would
kill H. With that cause Of apprehension ont Of
the way, good many capitalists here are more
willing 10 invest in stocks AT the lower prices
made by British realizing. and probably the Eng
llsh disposition to sell was also lessened Silver
Jared badly. Tic faint hope vanished of another
squirt in prices 10 he caused by heavy majority for
Tree coinage in the House, aud sales nj London put
down the price To 40d. per ounce. the lowest ever
touched. When Government coins silver. IL is
at the rate Of nearly sod. per ounce
II week Of low prices in almost every
direction Wheat dropped IS cents Western
receipts continuing large, while exports. even az
low prices, were about the same as before and
in four weeks from both coasts. flour included
have been about - 200. 900 bushels Exports OF
corn have been l0,l00,OO0 bushels. and this de-
mnnd helped an advance nearly = cents, while
oats rose shade, but pork products were weaker
Petroleum also dropped IL cents coffee IA frac.
ton, and sugar an eighth without change
in refined. Tie difference between centrifugal
and graduated is now over a cent, and several
times the cost Of refining, and may soon bring
hithcr supplies of German refined sugar. Cotton
again fell 10 81 cents for mddng uplands.
though receipts from plantations only about
half as large as for the same week last year. and
exports were Il shade larger than "a year ago but
nevertheless the quantity which has come into
sight during the month is almost as large as in
the same month last year. and for the crop year
thus far is 10000 bales larger. stocks in the
country being $4,000 bales larger.
The outlook in the iron trade is parccptibly
brighter. There is II little more demand for plate.
structural and bar iron, and sales of pig iron
have been large. While the expected stop
page of furnaces in Pennsylvania and Ohio has
not yet occurred and stocks held by furnaces are
doubtless increasing there Is said to DC less prs
sure TO sell than week ago. Ii is chimed that
enough iron 20 supply a consumption even greater
than that Of this country has ever been can now
be turned out at a cost lower than the present
price, low as that is, and with constant and
ample supply Of cheap material the cost Of fin
ished products must DC gradually reduced so as to
stimulate increased demand. No especial change
u seen during the past week in the cotton manu-.
facture, but thc purchases OF wool by manu-
facturcrs continue al such a rate that the works
must be on the whole quite fully employed The
cotton mills are said to he all AT work with ample
orders and the quantity Of cotton taken by spin
ners this month has been $4,000 bales greater
than in the same weeks last year. Buyers of
boots and shoes at the East are numerous.
and while they are cautious, the aggregate of Or
dcrs is satisfactory The demand for rubber boots
and shoes is exceptionally large and AZ many cities
it is observed that machinery is in great demand
Neither is there evidence OF stagnation in the
returns of railways Or banks. Railroad earnings