New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-12-11

nova m DISCUSS somewhat freely the payment
Of interest on deposits by interior banks. Inc
banks had stif experience with deposits Oh
that sort last summer but it is nevertheless
two-sided question after oil, and 1t Is scarceiy
to be credited that bankers as able as thoSe
nj the head Of many banks which adherc 10
| this practice would do so II they found any
money in it. 1t Is stated that the return Vi
,nonev from the country to this centre has
CEASED which was not the fact last week, sihce
tho ascertained net receipts from the interior
~, New-yor, banks amounted to $5,10O,oO0 for
the week. Meanwhile imports and exports are
both falling off thus far this month. and the
state Of trade in staple products Is not highly
encouraging The old notion that cheap money
| makes high-priccd products has another OF It's
many refutations
Cotton declined only quarter Tor the
week, and yet the quantity wnich came
into sight was 5000 bales more than TOT
the same week last year. and takings Oh
Northern splnners were 10000 bales smaller.
The point of relief was that exports were
larger by $1,000 bales. But the trade begins 10
realize that the stock which can be required IN
Europe is not unlimited. and that the present
enormous supply Of cotton In sight, whlch ID
within 10000 bales as large as at the same
date last year. Will make any advance extremely
abroad. The price of wheat advanced a little
and though exports fell off sharply, amounting
from both coasts. flour included. to 4,99S,70o
bushels AGAINST S947S17 for two weeks past
there was also a decline relatively about as
great in Western receipts from farms. Corn
also rose little and oats a shade and while
pork and hogs were a shade lower, the price
of lard still advanced. 1t Is curious fact
that, with all the enormous supply of availa-
bic funds. the attempts to conduct great specu-
ations In products this year are much fewer
than usual
The volume Of domestic trade. which showed
Indications Of improvement not long ago. Is now
falling back again For the month or November
the decline in exchanges outside New-iork was
oil per cent and for the week ending December
2 it was 1928 owing to the occurrence of Thanks
giving but for the week just closed, though the
returns are not full they indicate larger de-
cline than during the early part of November.
The failures last week numbered 3s6 In the
United States, against 297 last year and. exclusive
of banks. one was Of liabilities OF 81 900 and
three Of $500 900 each more. But the liabili-
ties OF manufacturers failing during the previous
week were only sl675,027. against s2,424,sS6 for
the week ending November %, and OF trading
firms only 81 2OS 49, against $2OS39s0 for the
previous week
1t Is not news to anybody that industries are
waiting and must wait. Last week the working
force seemed on the whole to decrease. for While
forty works are mentioned as resuming, most Of
them employed only part of their force, while
seventeen closed wholly and about twenty-five
reduced force. and reduction in wages seems to
be we'll nigh universal The sales of wool. which
a short time ago began to exceed last years,
have now fallen behind again, last week over
1000 900 pounds, and the movement Of boots and
shoes from the East shows for the latest week
decrease of % per cent The monthly return Of
iron furnaces in blast will appear next week.
but there seems little reason to expect material
increase since the first Of November