New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-11-21
MONEY AND BUSINESS.

Tho natural uplifting Of prices after an cleo
ton has begun stimulated toward the close OF
last week by the discovery that the apprehcndcd
exports OF go1 saturday would not occur.
Railroad stocks scored an average advance OF So
cents per share for the week, and trust stocks
e cents per share. but how far the rise will
co. or how long it will last, the spectators would
much like - know. In cotton the greatest spccq
laton ever known is in progress sales at New
York alone having amounted 10 2,22j,jOO bales
last week. and 100. 200 in five working days the
week before Trade in grain was small and
changes insignificant: dealings exceeding $780,
GOO. 600 in cotton and as much moro in stocks
were quite enough for one week. The very
magnitude Il speculative transactions has ton
dcncy 20 inspire d-trust, though the general con
ditons Of trade and industry have not materially
changed
The volume Of payments through clearing
houses in three weeks OF November has been
per cent greater than last year, notwith,tan l.
ing the interruption which tho election caused,
and larger than in IN" same month Of any pr.vI-
ous year The great indu-trc. arr making salts
factory progress, though the closing Of works and
abandonment II plans for the erection of now
works become more frequent There is yet
little reason 10 look for especial shrinkagc in the
demand for consumption by which establishments
are kept busy The cotton mills are making fine
returns. and advances appear of quartz: Of
cent on most blcachcd goods while print cloths
are strong at 81 cents The Fail River mills
have declared highly satisfactory dividends on
the lass years operations. Prices Of cotton knit
goods are 10 10 30 per cent lower than bcfor, the
new tariff was passed, account of greater com
petition, but extension is not now to be- expected.
In woollcn goods trade has been plainly retarded
and rendered more cautious, and there Is likely
TO be little haste TO make contracts ahead, with
small chanc, Of the advance in prices which some
expected I'm dress goods some have been sold
al lower prices than during the fall, and the
opening Of the season in ovcrcoatngs discloscs a
disposition on the part Of buyers 10 look for "A
decline, hut in general the distribution of wooen.
j. fairly large.
The prevailing feature in the iron business is
hesitation TO make new orders, though mills are
yet well employed in meeting past contracts 80
that the actual consumption Of pig iron is very
large and stocks are diminishing As the orders
now booked are cleared away week by week manu-
laciurcrs VIII be governed in future purchases of
material more and more by the prospect of future
trade, and the talk Of higher prices is no longer
heard. A rapid increase in production of pic has
been expected but II is TOO early to judge whether
it will be realized during the months that must
clapsc before any change of duties can occur. The
boot and shoe business, being scarcely affected by
t'rin uncertainties, continues its distribution Of
products AZ a rate never cquallcd in any previous
year. The open weather has favored continuance
Of building operations, that the demand for
lumber and other building matcrala il better than
usual for the season. The disposas Of anthracite
coal in October were Al :, 900 tons, or nearly 0
per cent less than in the Same month last year
with reported cutting by independent dealers.
Railroad earnings begin to decrease In the
first week Of November thirty-thrce roads out Of
ecvcnty-nine decreased, and the aggregate gain
was but 1.7G per cent Tn the second week
third Of The roads reporting show decrease, and
the aggregate thus far is 81 per cent smaller than
last year Temporary causes may explain this
storms or freight blockades. But if crops are
short the railroads must presently have less
freight 10 transport than they had year ago
While all are looking forward TO great business
resulting from the Worlds Fair. it should be
known that in 1876 the Centennial Exposition at
Philadelphia, which opened in May, did not pre-
vent considerable decrease in gross earnings Of
roads In New-England and in the Southern and
Western States, while the increase in the Middle
States was but ! per cent If multiudcs are
Withdrawn from ordinary work and business for II
time, decreased activity must appear somewhere
il increased activity in other quarters.
Grain speculation has made great progress,
wheat being only shade higher than week ago
corn the same, and oats shade lower. Western
receipts Of wheat are decreasing and exports from
both coasts " three weeks. -four included. have