New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-01-18
nublic discussion Of knotty questions Is n0O "
he estimated
Money md BUSINESS.

During the last week there came preliminary
a 80 oxrorts in December aggregating S9l-
7o5 O73 for cotton, breadstufs, pro'isioIo' '"
and nctroeum, against $74,1s5,2l9 IN the sanio
,nortb lest year. which indicate larger eAPoi'0
,bon have ever been known in any month Olo''S
following came the return OF iron lurl"'e'
hast January |, which was really even moie o"'
nrising because there was pracucahy ITO ue0'.
fran the unprecedented weekly output iep' ~
for December l. whereas the production uoua 49,
slockons At the holiday season, and last year 'le
weekly output January was ABOUT ',oo0 .t.oo
loss than December but this year, only hity''feo
,ons los The production was 1SS.O82 TONS
,yool,lv AGAINST l67599 at the beginning OF IaSO
var and in spite of offers at low prices oy some
furnaces in Alabama and Virginia, the narhoO
seems to be more active and in tone more pron'i'
ing than it was month ago.
Tho strange attitude Of foreign exchange az
tracts much attention. If the exports III Dcoon'
her were as large the preliminary reCuino ="
dicato the excess of exports over Imports h'"'V
have exceeded S4S, 900 900, in spite OF the lhoi'e
Of S6.577 729 in imports at New-lofh ouii's
month But even such an excess ol neIo"' a 100
exnorts following the excess OF @4'''ov'
>o,,,mber 1886. 900, 900 in October ana 90
200 ooo in the four months endihg WIZ"
hos BROUGHT 10 this country much less goi'
49,, ,,'ould naturally be expected. Inc heV LUZ
w. a. tho four months ending with Novemoei'
,,oro less than 100000. and IN Dece"0..
rho imports of all specie ut Ne"-ioiN "'i' 49,
S3 7O2.3e1 The rate OF foreign eAon""se III
.',,ob % the time indicated that imports OF goit
Ih No. he nroGtable. and yet the money marker
is so well supplied, and the ra'e OIL ihVei'IU
:, London. that money can hardly De kep'
- bv any pressing demand. There appears ho
,rot ion unless it be that sales OF securities ny
roroicrars TO this country have lar more htBeiS
oosdad tbcir purchases than most operators VI
hror,ors bcrc imagine The merchandise Exports
a,iII continue large at Ncw-York, IN TWO Weeks u
January. S5.45s 900 larger than hst year. "hne
the imports here in two weeks have peen *i'i'''
600 smaller than year ago, ana Iilc cA'e'' -
exnorts over imports in January OF lasV year WAC
more than $20,000,0OO.
The cotton movement is MOI quiue 10 iaie
year ago. though the quantity wnlch i"' e
into spht in January is 1868 bales, against 'o-'
G53 10 the same date in 1901 but The eAporS LUZ Va"
month are 3i7,jOl, against 3o5''lV oar9 i'''
wear The price has advanced an elgh.h uuiins
the week for spot, but January options 90 hoV "u
,,rce Exports Of wheat have diminished, al
thoucb 100000 bushels went out durln. TWO
weeks of January, -four included, but lasC week
exports were comparatively small. On the olnei
hand exports of corn are increasing, ana ior TWO
,,aoLs have been over 100000 bushels. Inc
Western receipts of wheat last week were @,iol'-
~ bushels, against 3023,040 bushels Oh corh'
hut the price of wheat fell about two cents, WIN
half a cent decline each in corn and oats Cohee
and hoas we're a shade stronger, but sugar SIN
tenth lower for raw, and an eighth Tor granu-
lated
The earnings OF las railroads in December. as
reported by The Financial Chronicle show an
increase of S4,104,046, or nearly per cent III
dcliOhtful contrast with the Interstate Commerce
reports. which are just published Tor the nscai
wear ending June 80, 1890, that journal pun
fishes only two weeks after the close OF the year
full years returns for las roads, and returns Ior
eleven months on hfy-three roads more, aGslega'-
In, lOA56.0Q7 earnings, against $s96,6O3,Oll
in 1880 an increase of 4.o9 per cent 1hese IT,
turns cover more than nine-cevenths of the total
earnings Of all roads in 1890, and l4O,H4 miles
a. present in operation For the first week IN
roruorv thc roads thus far reported show a gain
Of : 20 ncr cent Yet this same journal speaks
- "our enterprise paralyzed and our industries
staonated.n although It's clearing house returns
exhihit an increase over last year OF lo2 per
cont for the first week OF January, and about
4 ppr cent at the principal cities Tor the secohu
week The largest internal movement ever
known. the largest iron output, ana the largest
forcicn trade are unusual signs Of stagnation ana
paralysis
In rho stock market there has been some
decline in prices. amounting TO half DOLLAR per
share during the past week, but the signs are
s,iu those of wholesome reaction rather than OF
rrostrotlon or panic The yielding is partly due
10 charges of bad faith and apprehension OF DIS
AGREEMENT in the Trunk Line Association, but
roh,blv far more 10 the selling by foreigners and
bv speculatlye holders in this country who looked
for a furthcr advance in January, notwithstand-
I'M, rho lonc-continucd rise which had preceded
Weakness in sugar stock ana unusual huctu"'io''
also resulted from the proposal to Issue F@o'ooV
600 more stock which calls attention 10 accoun'o
that the independent and competing IT.
Nnerics have relatively increased their output
vhiIc the output Of the Sugar Trust mas reIa-
lively diminished
There is no lack of currency here or at other
ccntrcs Of trade. but loanable funds are scarce
-, .o,oc Southern points. for the stocks Of UNI |
.or1 cotton have increased during the past week
Tho Treasury has been discussing money freely, |
having Maid out about $5,O00,000 more than 1t
has taken in and the receipts OF New-lorN pahKs |
fro,n the interior have also been over Si,3oO,OOO
For so,uo months TO come there Will probably DC
No distress in this country for lack OF money ana
Mr. Citizens solemn prediction that collapse |
in this country would come By the first OF feo-
rrorv may he mentioned US little more funny
than most jokes.
Three or four Republicans are declared to be
technically in contempt, but the genuine article
T.. found in the feeling with which Hill, the State