New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-08-08

July was $4373,142, these ngures WIZ 400
an excess of imports this year exceeoinS "'''
600, unless considerable changes pave o''' -
in movements at other points VI cour'e' "a
usual at this season. some bills nave o
against nroducts to be exported hereafter pu' '".
amonnt bas bcen smaller than usual pecauc Vi
the uncertainties regarding foreign gram I'VE
and the heavy stocks Of cotton are"''
abroad .,. "a !,
The latter item is especially in'por
hears upon future exchanges. Inc nlli, .oo ho,o.
ton in sight here and abroad was ~,'oo'' $50
nm FRIDAY against about $4,000 in years prior
70 ,bo 1ost or this quantity, 1871 600 pales
were abroad or aAoat for Europe, against i,l-o'-
nm ~ 100, XXX 400 in 1890 and 5l3,ooo III
1890 smaller foreign demand than usual must
no raoarded as not improbable for some months 10
come and the nrice declined an eighth last week
Tho ouaptitv of 1901 cotton which has come ii'o
sobt areadv is but 1884 bales short OF ooo"'ooV'
and AAO 600 bales greater than the last year I"
date while exports for the year nave ihcreaSe'
but so 600 bales and takngs Of American spin
mems 1872 900 bales. About the exports OIL o'eao-
stufrs there is also some question. lA''o "eon 'o'
the first time exports this year fell pehihu 'iio,e
of the corresponding week last year. anu iron '''''
point on smaller exports are propape' e,e, l, VI.
European crops prove decidedly short, winch Il oy
no means certain as yet The price advanced ias'
week n fraction in sympathy with corn ana oa's'
btu. Western receipts were large
Accounts OF the growing corn are very 'nuch
mixed. and after full allowance for specuiau'e
dispatches there seems reason TO DeneVe ohaO ''o
condition In some districts has not improved oi
late, and is decidedly unfavorable The Govern
ment report soon due can scarcely remove 'ne
uncertainty. since in Kansas and parts Of some
AuOu u
trying one, and the difficulty in judging of the
corn Weld as late as this has rarely been as great
40 il is now The spectators advanced the price
nearly cents last week and oats also rose over
2 cents. it being measuraby certain that the yield
NJ both will be to some extent short. The pros
poets OF corn-carryng roads, and also the prospect
as to the future supply of hogs and CATTLE depend
much upon the developments Of the next Two
weeks With this doubt in the way, and the sell
ing of stocks by foreigners, the stock market would
hardly be as well supported it is if the general
condition of business was not hopeful.
The great struggle in the iron industry seems
likely to end speedily in adjustment OF wages
to conditions imposed by sharper competition than
Northern producers have heretofore been Obliged
TO meet Alabama Grey Forge is said to be sell
ing at Chicago at price equal to 80 ID at bir-
mingham, while higher grades are offered at the
for bar. platc sheet and structural iron, the de-
mand is clearly improved and prices are growing
stronger The woollcn manufacture also feels
strong impulse, and wool is bought more freely
with firm prices The demand for dress goods
is large and the demands of bclated clothiers who
have failed TO secure enough heavy weight mems
Goods come into conflict with fairly active move
mcnt for spring goods Since the second week OF
May reported sales OF wool at the three chief mar
kcts have been 100000, against 81 ,OOo,OoO
pounds last year. gain Of over 90 per cent Inc
cotton mills are fully employed, many with orders 10
run several months. and stocks IN the hahds ol
dealers appear to he unusually low. Boot ana
shoe factories are crowded TO the utmost and Fast
ern shipments since the middle Of May have been
035 600 cases. against s34, 900 last year. and
s5l 900 in 1890 when the output was the largest
on record.
To these evidences OF activity in domestic
trade may be added clearing house exchanges out
side New York exceeding last years by per cent
for the first week Of August and 7.6 per cent
for July transactions being the largest ever known
in that month by more than $50, 600, 900. Par
tial returns Of railroad earnings show increase Of
467 per cent for July More active demand for
money is reported at many Western points, and
some shipments thithcr have been made, but sup
ury took in $4,000 900 notes more than IL paid
out las, week against net loss Of 81 100000 gold,
gaining only 100000 silver. Though silver bull
lion has fallen To the lowest point on record,
probably owing TO increased production. and false
HOPES encouraged by Congressional agitation, the
money markets have shown no sign of such APP
prehcnsions as are supposed 10 influence foreign
holders Of American securities One fact which
men need to keep in mind is often overlooked.
Europe is at the close of year OF severe losses
and industrial dcpn Ssion. The great disaster To
crops last year brought Losses not Ia farmcrs only,
AMI n their purchases have been curtailed. other
industries have suffered Relatively, Europe Is
poor. and many are forced TO realize on invest
ments in order to meet their demands But with
better crops abroad there should come less ne
cchsity for parting with securities, and less pres
sure 70 sell manufactured products ut phcnomc-
nally low prices.