New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-12-19

prce actually costs more money to carry, ana IS
a6O, 900 bales larger than the stock in 1890, and
400 600 bales larger than in 1889 at the same
date Exports of gold tend to force liquidation
ON such stocks. but the market rose q quarter OF
n cent last week with sales of about l,jOO,OoO
bales Receipts from plantations this month have
been 49,, 900 bales, against ,Ol 5000 in the same
weeks last year, and with higher prices exports
have declined nearly one.half At date last year
"a l-2 per cent of the crop had come into sight,
and if the proportion this year should be the same
the crop wOnld be about 100000 bales, but
there are nevertheless men who are holding great
quantities of cotton for IL cents per pound
Wheat has declined during the week Ia cents
for exports are shrinking considerably, while
Western receipts continue enormous. The quantity
carried in all commercial markets in this COM
try is about l10,0O0,00O bushels, against a.
900, 900 year ago. but the price is much lower
that the amount of money required to carry the
stock il scarcely greater than last year. The
difference in condition of money markets is the
material one. Corn and oats both declined
shade last week. as well as pork products and
coffee.
Accounts regarding the condition of manufact-
urcs somewhat more conflicting than of late.
That the cotton industry is doing remarkably
well, with vast demand for goods and advanc-
spinncrs have Of late been a trine larger than
u year ago. The boot and shoe manufacture re-
ports more free Southern orders than heretofore,
and the shipments from the East continue TO eX-
coed those of last year. While the sales Of over
coatings and carpets have bcen surprisingly large,
some wooden mills report orders for spring goods
below expectations, and it is reported that some
are curtailing production and reducing the number
| Of hands employed The sales of wool for four
weeks past have been only 13,j00000 pounds
against "A, 900, 600 pounds for the same weeks last
year In the iron industry, the PittSburg report Of
output Of pig shows increase of only ,1s6 tons
weekly in November, while the statement Of The
Iron Age" shows a larger increase apparently be-
| cause some furnaces reported by
thorty but not by the other az having resumed
| operations November /. The market is very dull,
| without change of prices for the material In
the absence of large orders the demand for bar
iron is poor rails are inactive, and nothing new
appears in structural iron, hut in plates the de-
mand is more encouraging, though prices very
low.
In some quarters the railroads are again com
| planning OF ear famine, apparently because the
mos cement Of grain in those sections does not
ahatc The earnings on seventy-four railroads
| for the first week of December were go per cent
! larger than for the week last year. The
| volume Of domestic trade shown by Clearing
! House exchanges outside Of New-York in Deem
Der thus far is about ! per cent larger than a
year aIo, whIoh Of course includes. however. I'M
| usually heavy payments on account of rampant
| speculation, ami also settlements Of commercial
! transactions made months ago. II is nevcrthe-
| less an encouraging sign that no shrinkage in the
aggregate Of these payments appears. as the
amount in December of last year was exceedingly
heavy.
Receipts Of money from the interior by the
| Nrw-l orS banks were last week about S3,09G,-
600. and the Treasury report shows S2,0OO,OOO
less net gold on hand than week ago. about
] $500. 600 notes formerly outstanding having been
taken in from circulation, and SllDO,Oo0 added
10 the stock Of silver Oh hand. The banks only
report loss Of S521,000 in The reserve. but the
gold export, DID not count for their full amount.
IN spit, Of high rates demanded for speculative
| leans, commcrcml paper has been in fair demand
~ only moderate rates, with a sufficient supply
|