New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-07-10

u.,Io improvement in the demand Ior ih"n"
| s.a.ured goods. The shoe factories are ciosi"s
o. lack of orders and, while cotton mi'iS az
said 70 be carving very light stocks prices nav
| been weakening -. Inn. 10
What has risen IA cents since June 'V
western receipts were about 2,4oo,oVo
for the week and the exports from ooS" oP"s.N'
oour included were $4,000 busheis' acC'i","7
| pradstroet's. which also reckons the N'sio'e
n,Iv carried over at about 70.0OO,OOo Dushei9'
| wostorn firm claims to have information iron'
~ tho winter wheat States to justify the assertion
ha. .he cron will be so 100000 bushels less IMAM
,bo, If last year. but it is fair to say 'ha' VIZ
| doos NOT accord at all with other accounts us""'y
considered trustworthy. Corn and oats nave cav
advanced a little over ! cent, though Tile o"'''y
| s good The rise in grain ana iaru see's "
| really due to larger loans for specuia''c pn'
noses. rather than to substantial changes Ill '''e
| supply or demand iii. s;rce
| The cotton which has come INTO ss"o
contomber 10 now 6.452O0G bales increasing last
week more than the corresponding "eeN 'a'' A.
Tbo exnorts were little smaller, accounts OF tne
| coming crop are as conflicting as ever anu ''e
| ,rico has advanced an eighth. The STOCK Vi
| American here and abroad is still nearly l.
! -oo ooo balos greater than it used to De dpou'
| iii d.te Silver recovered swiftly from 80 LEU
|
| Io % IN 34d but has fallen back to $50, anu
| Oh. clcsino of mines and rcineries mas thro"n
| oroat many persons out Of employment Inv
| .ornogo of iron works at this season i ohy
| somewhat more general than is customary put
| M Improvement is seen Ill the denahu v, :"
| orders According to reports, less tlah '"o"
sand miles Of railroad have been Duilt '"is S'"''
but the locomotive works and shpyarus are
| doing more than ever and The iron age e"'
mates that the consumption OF pig IRON Ill an
! the forms Of manufacture during thc paso nan
wear has been nearly $4,000 tons greater ."'"
| hiring the last half of 1892. In view OF these
things it seems surprising that prices remain 'ne
| lo,,ost evcr quoted The failure OF the Amdl.a-
mated Association to agree with employers may
| result in an extensive strike of iron workers.
| The volume of domestic business Is clearly
| smaller than it was year ago. clearinS' ou''i'''
Ncw-York in the month of June showing "'-
crea.e Of 10 per cent. and in the first week OF
July a decrease OF nearly per cent. Yet IL Is
an encouraging fact that the earnings of seventy
railroads. AS reported by The Financial Chroh-
ice." were 6.6 per cent larger in June, 1913,
than in June, 1892, and comparison does not IN
dicate that the increase has been wholly or mainly
in roads affected by Worlds Fair travel Inc
movement of many great staples, well as OF
IN.
80 low that they count for less value than before
If monetary uncertainties could be settled ana
| chances of tariff alteration removed, the condl-
| tions would seem 10 warrant marked revival IN
| lusincss but the obstacles still remain and the
recovery does not come. Imports are again
large: at New-York $4,000 more i'll value than
for the same week last year, while in exports
from New-York the decrease for the first week OF
July was S1,lGs. 900.
The better tone in money markets appears 10
! be in part due To impression that the acton
| of the Chamber of Commerce will be generally
followed By other commercial bodies that Con
| crc>s will not venture to oppose the step recon-
mrnded But Western and Southern members
! have been taught 10 think the capitalists and
Iankcrs engaged in "A great conspiracy against the
| people, 20 that results may not entirely meet "N-
p,ctations AZ all events it Will be Il month ne
fore Congress can assemble and in that time the
situation may change materially. Stock specula-
ton j. stlgnant but price, averaged at the close
| lower than at any other time this year. declining
| during the week A. cents per share for railroad
and 90 cents per share for trust stocks. If for
cgncIs are buying much, they are concealing the
fact with great success.