New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-06-05

II any concerns. The paper they handled is saId
to have amounted to $4,000, 900 last year, and
represented nearly every city of consequence west
of the Alleghanes. 1t does not appear exactly
how the misfortune came about, hut some specu-
lators have sustained enormous losses in Chicago
local securities and real estate since the crazy
expansion last year, and in wheat since the great
combination was defeated few months ago,
which may naturally have made payments dill
cult for many firms ordinarily OF nigh credit
The dealings in real estate, dispatches say, are Az
Per cent less than year ago, and local SECURITIES
are unstable except at buyers prices.
Wheat at Chicago has touched the lowest pom.
for thirty years. and at "a cents for Juns is only
3-s above fhc lowest price of last year. whic"
was also the lowest ever quoted at New-iork
Nevertheless :herc is nothing to indicate proapie
recovery at present, for the receipts at the Wast
continue lnr.c, and the visible supply is 10000
600 bushels larger than it a year ago after
tie largest crop grown Corn ana oats
have also declined heavily during tn" last
week. and lard and hogs little. Cotton Is
| IA HIGHER than it was q week ago, although
tbe ouantity of American in sight is still l,o'o-
600 bales Iargcr than il three years ago. De-
fare the .,r,at crop of 1890 came. The decrease
in visible stocks Of American cotton here ana
abroad has been $4,000 bales since May l.
AGAINST 3Gs 600 for the same time last year, !es'
600 in 1891 and $4,000 in 1870 .huer "er"
circumstances q considerable shortncss III 'h's
years yield might not he a calamity.
or all the great industries, perhaps the IRON
and steel manufactures is at present IN 'he "oS'
difficult position Added to the uncertainties re-
eardng the tariff on rails. structural, plate anu
drawn iron and steel, which TENDS 10 pr''e"'
contract, reaching into the future eNcep' "'
prices so low as TO make the contracts "oro"'SS'
there is the prospect Of a great struggle oc'"e'"
the manufacturers and the Amaigama'"u asS'ci'
ton about wages for the coming year r"r'"e''
the railroads have suddenly raised ireien'S %"
iron prod,cts, and the effect Is tn MAKE m''ei'a''
and products more costly TO consumers wi'"o"'
any corresponding benefit To the pro""''i''
The prospect of a strike has stimulated I'd" ue
mapd for many finished products Just how' "o"s"
IT, il felt that corresponding decrease l. hh'N
10 come il the strike does not.
I'm cotton goods "a better feeling II quoted anu
the market for summer underwear Is stronger
uhc announcement OF last years prices Tor M
Grain carrots by the Lowell Company l. nnw'icou'
TO some makers who had expected To ADVANCE '''
price - cents. a stronger tone appears III
the dress goods market. and the w"fs''d ln'h"-
f,oturrs are said to bc comfortably circum-
fanclcs there has not been the usual business ana
importers find business far below the average
THE Wool and Cotton Reporter states 'hat
There is consider able confusion in the fall business
for mems wear because of contention petWe'h
agents AID clothicrs who throw back goods which
have been accepted, aud that ~ to spring goods no
progress has been Made during tn" week, anu
POSSIBLY there are not a. many lines on VI"
market as there were the week before. In som"
instances agents have already obtained orders
for entire lines opened, but the backward
season renders many disposed TO wait untl
July l. The wool market is weak, ana lower
both AZ Boston and Philadelphia.
Imp ITS continue 10 exceed last years III
volume while exports or products are smaller
than last year But the financial situation tie
ponds for the present more upon the purchases
or sales Of securities ly foreigners then upon mrr
chnud,>. BALANCES Will" the Treasury rserN"
has been drawn below S9O.Goo."00, and further
exports Of gold are expected, II - not believed
hy business men that the Administration viii be
50 unwisc as to attempt to purchase gold WIN
legal tenders