New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-12-05
MONEY AND BUSINESS.

The death Of Mr. Gould has scarcely affected
rlic stock market at all thus far Indeed, stocks
have recovered little since that event, though
before il prices had been declining, partly because
Of reports of his illness and partly for other rca-
sons The discovery that his dcccasc was not
to produce the disturbance which some had apprc-
hcndcd caused buying and some recovery, not
witlistanding further exports of gold. The aver
age price Of stocks was but 30 cents per share
lower at the close than at the end Of the previous
week II is also possible that the declarations
by American delegates to the international Con-
ference. looking TO the stoppagc Of silver pur-
ta,ascs had something 10 do with the more hope
ful feeling. The Rothschlld scheme distinctly In
creased apprehension, and its rejection gave
sense of relief Gold exports continued, but were
smaller than Had been expected. and reports of
the condition of industries and trade were on
the whole favorable. IL has been many times
explained within the last few years that Mr..
Gouds great estate had been 80 adjusted that
his death would cause no disturbance. but there
are always some spectators who refuse TO credit
ANYTHING except the latest unfoundcd rumor.
Business is still large and prosperous though
some slackenng toward the close Of the year is
10 be expected and doubts what Democrats may
do clearly prevent some new engagements. The
momentum Of the train would keep il running
for u while even if the motive force were entirely
withdrawn, and the common belief that Congress
will provc incompetent 10 do anything. while not
exactly complimentary is a helpful thing in bust
noss The cotton manufacture is booming, with
Goods advancing and o great demand. The
,yoolen manufacture rcjoccs in better prices for
CARPETS. ready and large sales OF ovcrcoatnc' and
strong hopes ~ 20 the coming season, but the
sales of wool in the chief markets have been for
the last three weeks 100000 pounds less than
last wear. though prior TO that time the increase
in sales had been 40 per cent. The iron works
,ro mainly running on contracts booked some time
AGO. 20 that the consumption OF pig appears to b.
vet undminishcd, but there are noticed pressure
"a ,ell which depressed the price about % cents
last week. and sackenng of orders for plates
and structural iron and steel, while bar iron is
weak. IL il still hoped that greater activity may
come after the holidays
Railroad earnings did not continue to fall be-
hind in November though the small gains in other
weeks barely balanced the loss in the second
week. and the Western grain movement has been
falling below last years, while Southern roaIs
are still losing heavily in cotton freights. BUT
the clearing houses, representing in part settle
uients for transactions some weeks or some months
old show larger exchanges last week than IL
vcar ago and for November outside New
York the remarkable increase Of 1915 per cent
over last year, in spite of the Presidential Flee
ton Day and the greater political interruption
this year. November exchanges were within
tenth of per cent of the largest ever known
in any month and NJ most cities were the
largest ever known in November
Wheat has been weak. with fractional de-