New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-05-16
nr,v WORK. DAILY TR1BNE MONDAY ls9aTwELvE PAGES

under renewed selling. and closed a fraction lower
on the whole than week ago. though few
stocks advanced. The great trunk line associa-
ton held another harmonious meeting and con-
cluded to advance rates, but the constantly ac-
cumulating proof that rates are not observed, and
/ that the interstate law is disrcgarded, make the
good news less valuable
Speculation is not violent in anything. which is
good sign. Wheat declined about 1-2 cents
for the week. notwithstanding Western dispatches
make floods seem so extensive that might
suppose trading could only be done on an
ark. Pork products were stationary. and corn and
cats little higher with some reason. since the
planting season is unduy delayed. Cotton dropped
and then recovered an eighth the Government re-
port stating the facts too carefully to fire spec
ulative enthusiasm either way The stock of Amcri-
can cotton in sight. here and abroad which ex-
ceeds the ordinary stock at this season by about
20 per cent OF whole years consumption, makes
possible decrease of - or 10 per cent in acreage
less potent when it is considered that the yield of
1891 must have exceeded the worlds demand by
at least 10 per cent. Receipts from plantations in
May have been only 1900 bales less than for
the same weeks last year. and exports 5000 bales
less. Oil scarcely changed and coffee was q shade
higher With the years crops all in doubt, and
unusual supplies of great staples in sight, it is
not strange if few TO risk very heavily on
either side at present, but with sufficient good
weather to clear up doubts about wheat and corn
some haste to sell might appear.
The decrease in iron output since the maximum
reached March has been 5000 tons weekly ac-
cordng to the Ncw-York, and II 900 weekly ac-
cordng to the Pittsburg account. Either would
apparently suffice to reduce stocks on hand if the
consumption should be maintained. The markets
| "a 1ittlp mn active and flerc mr. siWns
of better demand for consumption. but as yet no
Improvement in prices The tanners of Eastern
States at "a meeting here agreed with few eNcep-
tions to stop production for sixty days. in order
10 correct the extreme low prices which had been
prevailing. the lowest for more than forty years.
and there has since been active buying with an
advance of D per cent or more. Tie boot ana
shoe industry is busily engaged, and shipments
have about reached those Of last year TO date.
being l2l0,3J, cases. against 1.2l3,7S9 last year
and l,2Js82O in 1890 when the maximum for
the season thus far was recorded. In the building
trade there have been numerous strikes. as yet
comparatively unimportant or easily settled, but
others of large consequence are threatening. In
the great textile industries there Is not much 10
indicate the general depression Of which some
complain Wool sales continue large for the season
with mills busy, and the cotton mills are crowded
with work
The financial prospect appears almost ciouilesS'
Money il 40 abundant in London that 1t Is Oh
ferrd at half of per cent a year for short time
and 10 of per cent for three months. and rates
are also low here. while reserves in the banks in
crease a little Merchandise exports for two weeks
AZ Ncw.YorI< have been Slj, s37,6l? against ST.
s3O643 last wear. and the imports for the two
weeks SeO,s50,3l6 against S@l,'54.S42. but the
excess Of imports last year in May was over
$1,000 900. and more than S30,000,0OO gold was
exported.