New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-04-04
MONEY INU HININENS.

The business outlook has improved during the
rast week A. 10 foreign matters. the reasons
are obvious. The Bchring Sea controversy no
longer threatens tie peace Of nations week ago
this dispute, with or without reason, caused
vast deal ~ selling hy holders OF American
curtics abroad, and they took millions from H.
because they were afraid # war For short
time 1t looked ~ II the merchandise balance in
favor of this country WAS of no account But
while foreign sales of American securities have
materially dimin she'd and there IN no longer
prospect t!Iat many millions in gold may bc sent
h. Tiirope on that account, the state of foreign
trade il in other respects unsatisfactory. IN
ports have fallen off, and are much smaller than
a wear ago. while imports have strangely cN-
handed. 50 that there il II prospect that merchan-
disc exports may fall Sj,OoO.000 or more below
IMPORTS for the month of March Thus the coun-
try is Liable to have twenty millions to pay. under
valuations and interest included, on the business
of a single month.
There has been no marked changes in the great
industries during the past week The cotton manu-
facture il full Of orders mills are well employed
and prices Of goods are fairly satisfactory. The
wool manufacture il doing better, on the whole.
for. while the carpet branch Is much embarrassed,
other departments are thriving. IL Is noticed
That the cheaper grades, whether of wool and
cotton mixed or of shoddy have less demand,
while all wool goods are bought more largely
than ever before Sales of wool at Boston and
other Eastern markets have for some weeks
slightly exceeded those of the same weeks last
wear. and prices favor buyers. The demand for
boots and shoes is large IT. ever has been, and
the Boston market is full of buyers, shipments
SLIGHTLY exceeding last years For rubber goods
the demand is unusually large. The iron business
il clearly improving, though "A number of furnaces
in thc Shcnango and Mahouing re- siOns have
stopped, large new furnace at Florence, Ma,
Ina, zone into operation and the demand for bar
and structural iron il better. Pig iron is cheaper
to-day than it ever has been, and yet the quantity
consumed in the various branches of manufacture
i, probably larger than at any previous time.
Grain is chcarcr, in part because the FOREIGN
demand is not as urgent as IT has been. Willie
receipts at Western points are but little smaller
than for the ~ &c weeks last year, tie exports
much dccrca -cd Some months ago il WAS sug-
.c,,rd in thu, journal Il at the consumIu N in
Europe might fall much below the average, be
cause prices were higher than usual and the people
were impoverished by failure Of their industries
| and unable TO purchase the products of this coun-
try 1t is near the end Of the crop year that this
change must he seen, If at all, ana the movement
of wheat within the past few weeks has certainly
much decreased. Europe has taken an unusual
quantity of wheat thus far this year, but docs not
seem disposed to bay literally a. in past
months. The cotton market is troubled IN the
same way Europe holds enormous stocks, and
cannot use in manufacture the quantity OF cotton
held. and the stocks in this country are unusually
large, that the decline in price during the past
week il not strange. The lowest price in forty
years is old story, but grading and quality
considered, cotton may lcrhaps never Fave been
cheaper than ii is tod lay.
The money markets everywhere are well sup
piled. Demand does not increase, nor is there
anywhere a serious pressure for commercial loans.
Collections At Western cities arc much affected by