New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-04-17

| N,ailv $4,000 900 gold has gone ont from
tin. mort since January /. and the net
gold in the Treasury has been reduced
about $2O.oOO,00O. ON Saturday the Sccre-
| tary OF the Treasury suspended the issue
| If goll certificates. presumably having informa-
ton tina, the amount of gold coin and bullion re-
served for the redemption OF United States notes
| had fallen Iclow 500, 100000. The usual state
ment OF the condition of tie Treasury on Saur-
day placed the net gold AZ : 02,s1o,s32. but the
amount shipped Oh Saturday, Sl,?jO,0OO, had not
| Teen 30 reported as 20 AFFECT the published state
ment, nor over 81 100000 ordered for shipment
| Tuesday, when IL il expected that still larger
| amount will go out II remains 10 be- seen
| whether the law providing for suspension of the
issuc Of certificates Will have the beneficial effect
which doubtless intended. but it is not I'M
likely 70 prevent some deposits of gold which
would otherwise be made.
The excess Of merchandise imports over exports
in March now seems TO have been over $50, 0OO,-
000 and In the first quarter Of the year about
SEQ 600, 900, and in two weeks OF April the
imports AZ this city have been Si,0i9GiJ greater
than last year, or Ii FER cent. while exports
from N"w-Nork in two weeks have been
S3.0iG,IG1, or about 10 per cent less than last
year There is besides a 1ecrcaS, in exports from
| cotton ports about $4,000 bales less than year
ago having gone out for the month thus far.
II would take heavy movement OF securities
this way 70 balance the accounts. and succ the
disclosures in Reading, Northern Pacih, Rich
| nj Terminal and Whisky Trust. ;hrI' has
not been good reason 10 expect enthusiastic pur-
chaSs OF American stock NJ present. The kin
proposal OF DrcN". Morgan & Co. that If holders
Of the Richmond Terminal securities would turn
ticm over TO that house it would what il
Al ,yit hon ,yL A cl,ur,, far
doing il, il il is the best thing practicable for an
important company which used - pay per cent
on it, pscrrrcd stock, is certainly not enc ,rrag-
ingly Suggestive. But the decline in railway
stocks at no time rrscmblcd panic, and averaged
only 81 ., per share for the week, whll' the
average decline in trust stocks was =. - per
share.
The volume Of business whether measured by
railroad earnings otherwise Is certainly unprccc-
dcntcd. Thus in March 80 railroads reported
By THE Financial Chronicle earned 40 pr
cent more than last Year, although the earnings
then We're So per cent greater than in March
Of any previous year. Tie increase in earnings
the first week in April was js3 per cent The
exchanges through clearing houses outside
Ncw-lori in March Were 80 per cont greater
than in any previous year, and III two weeks of
April the increase over the same weeks last
year has been about II per cent. Returns of
the great industries ar" also very favorable. The
output Of pig iron April | was 1868 tors
weekly only 34J tons less than March |, and
$500 tons weekly less than year ago, when
unsod stocks increasing, whereas last
month the decrease in unsOld stocks was G4,I5O
tons an average of $500 weekly. Evidently
the consumption of iron in manufacture is greater
than ever before, although rails are inactive, and
bar iron il sold at runously low prices For
nnte and structural iron the demand is n little
improved
Traders say that mems woollens are dead, ana
attribute il TO the strike and the unreasonable
weather but il is admitted that cancellations of
orders have been very infrequcnt. There il
general disposition TO clear off stocks of woolens
as completely as possible, in view of the fact
that a reduction of duties is expected; and, while
imports Of fancy dress goods said to be hardly
half AZ large as they We're year ago. and sales
ingly increased importing houses are looking for
a reversal of the movement when Congress acts.
Sales of wool in March at the three principal
markets were about 30 per cent less than last
YEAR in February about the same last year. and
in january much larger than Il year ago Cotton
goods have beer tending lover, print cloths
selling al S-S cents for Gas, and the business in
April is spoken OF rather disappointing. In
boots and shoes the shipments from the East, act
have been O75, 900 cases for the year thus fail J
against 90 900 cases last year, and large prj a
portion Of buyers appear to be paying the \