New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-05-02

cent greater than in $780, and in 1890 the earn
ings were IA per cent greater than in the same
month OF any previous year Exchanges through
all clearing houses outside NewYork were As per
cent greater in April than last year, not ] per
cent smaller in sol than in 800 and greater IN
500 than in April of any previous year lhese
few comparisons show tIat the business of April
in quantities and values, has been far beyond thao
Of the same month in any previous year.
Extreme low prices cause disbursement IN
some branches and sections. but that state OF
things has two sides. If some men are tired DC
cause prices of cotton and iron and wheat anu
manufactured goods very low. much greater
number gain II able to buy these things more
chcaplv While profits in some trades are mar
row. there is compensation IN the fact that e'ice
are very large and collections more prompt Viia'i
usual No other manufacture has fouhu more
embarrassment in low prices than the wooneh III
dustrv. but sales of wool at the three greatest
markets in the past SIX weeks have been 5o'ooo'-
go tbs, against 80 ,242,226 for the same weeks
last year. a gain Of IA per cent. Last "ech was
pronounced unprecedented in the dress goods 'rauc'
and unusual activity for the season Is s'en AZ
some other branches. American spihheis h"Ne
taken IS OS0 bales more cotton in April than last
year. a gain Of over / 0 per cent. BOOT ana snoc
factories are unusually busy for the season, and
cases, against 204 $50 last year, gain OF d per
cent. The iron business In spite of over-pro-
duction and low prices, has a better tone, and
though the output Of pig iron is much greater
han last year, and even greater than two years
ago. stocks seem now to be moving but little. the
Thomas Company has reduced stocks during the
MONTH and there has been less visible pressure
TO sell with no further decline in prices. Inc
demand for structural iron is especially large at
Chicago and there is also an enormous CON
sumption Of barbed wire Copper tin and lead
are stronger with somewhat better prices.
The country continues to market unprecedented
quantities Of Its staples. Exports OF wheat lor
four weeks have been l., 236,9i0 bushels flour
included much greater than in April Of any
previous year. Western receipts in four weeks
have been 1900 900 bushels, against 100000
last year, and the price for May Is fraction
lower than week ago. Corn has been disturbed
by an April corner, but May sells at the same
price as q week ago, and oats half a cent lower
Pork is also so cents per barrel lower. and hogs
a shade lower. Coffee is lower, with the great
receipts in March from countries which have
declined reciprocity and 10 which duties on coffee
now apply.
Cotton has been lower, with speculative sales
exceeding 900 bales and port receipts and
exports only about o., 900 bales less in April than
last year, but receipts from plantations have been
1000 bales or about third less Already over
5000 900 bales have come To sight, and last year
over 100000 bales came into sight May l-Septem-
her / 90 that the crop Of 1891 il not likely 10
prove less than 100000 bales. The decline in
spot has been only an eighth but stocks OF Amcr-
can in sight here and abroad have been reduced
o., 600 bales Yet they exceed even now 3,25O,ooo
I'll. ~ liru1
sircets' reports from SEQ counties an average
decrease OF 30 10 % per cent in expected acreage
and general increase in acreage put 10 other
crops. But planters are apt to change their
minds and plant more cotton If they believe IN
a short crop and higher prices.
Daring the past week the shipments of gold
amounted to s. 00O, 900, with the prospect that
more will 90. Though the stock markets well
supplied with money for the season that lenders
would prefer 10 see some specie exported, spccu-
ators OF all sorts feel that IL is not going TO BE-
IN easy matter to carry the accumulation OF
stocks sent back from Europe, and all the accumu
lated stocks Of whcat, cotton and other products
besides II banks 70 be depleted by shipments
OF gold The loans Of New-York banks are now
S4O3 0O0, 0OO against S4o4, 100000 a year ago,
which will indicate something Of the burden 20 be
carried Uncertainty about the coming crops will
presently affect STOCKS and products also, aud the
Treasury will hardly continue 10 disburSe as
freely n in April, about 100000 gold in eAces,
of receipts, while the silver on hand has increased
100000 more than all kinds Of notes out
standing. In the stock market thus far prices
have been remarkably steady having yielded but
little a. the net result OF last week, notwithstand
ing disappointment, about Richmond Terminal re-
organization ard gloomy reports If a recciyership
for New-England But some curteilmcnt of the
monetary supply seems TO be nccdfnl every spring
TO enable or compel the speculative markets T.
unload their extra burden. II stocks continue
20 come back f:om abroad the country may be
pushed for supplies Of gold next fall.