New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-07-24
NETWORK DAILY TRIBUNE MONDAY JULY "a

Leather Reporter" makes the shipments from sns
East last week only $4,000 cases, against Si'-
566 for the same week last year. All these IN
dustral facts imply a reduced demand for goods
from merchants who do not buy because they are
looking for lower prices after change OF duties.
and because their sales have not yet cleared o"
stocks bought months ago
The failure to sell as much as was expecteu
causes the almost universal complaint that col
lections are slow and much of the decline in DC
posts Of banks, which tx naturally most heavy AZ
the West since Western merchants are at all times
in debt for goods TO Eastern merchants and manu-
facturers. But the actual withdrawal from banks
for safe keeping in deposit companies or elsewhere
is also unpleasantIy uncommon at the West, anu
in that section too many banks have been induced
to take part in real estate land. mining and other
enterprises to aid the development Of the country
The mercantile agencies do not report failures Oh
banks but glance over the press dispatches
shows "a for the week. OF which Ia were In Coio-
RADIO, . in Kansas, in Missouri, 3 in Wisconsin,
and all the rest save one west or the AHeshahies
Governor Waite, of Colorado, said he meant 10
scare the East to DEATH but he has been rum
ing people at the West Out of 527 commercial
failures reported b. IrGdatrccts' last week, 3jI
wero 20 tho West Five banks and one or the
commercial firms had liabilities exceeding *i'-
600. 900 each In many cases. doubtless, the s'is-
pension is but temporary. and business will soon
be resumed, but for the moment every such HIS
fortune adds to the blocking Of credits and IN
creases distrust.
Wheat fell Is cents, though exports from
both coasts were over 100000 bushels western
receipts being over 100000 bushels. Corn lcil
! cent though exports are large, and hog prof.
ucts generally declined. Coffee fell a 1ra"tioh'
and oil nearly . cents. Cotton was shade lower
in spite Of large exports. $4,000 bales this month";
against $4,000 last year The receipts iro'h
plantations were $4,000, against 10000 last year,
and the decrease in stock, of American cotton III
sight has been in July 2l5,c0O bales. against
237 900 last year, 100000 in 1891 and 2J9,ooo
in 1890 Coal shipments last month were 3Oo,-
600 tons larger than last year. but the market
is not healthy. The monopoly works no Detter
than the enforced purchase of silver which Tell
to 90 cents here and 81 is pence at London.
The New-York banks lost S2,515,000 ost week
TO the interior, but the cash increased the treasury
holding less cold by 100000 at the end of the
week. less silver by 100000 and less legatenders
by $4,000, 900 than the week before. Still COM
mercal paper is almost unstable at to ]! per
cent and the failure OF many at the West and
South to meet commercial obligations Is neces-
sarily felt here, especially az SO many western
banks are failing, each embarrassing the settle
ments of many depositors. Foreign trade begins
to decrease little, imports for three weeks oil
July having been ) per cent smaller than last
year, while exports arc substantially as large AZ
last year, but the excess of imports IN July oil
last year was over Sl3,000,000. The vo%mc OF
domestic trade is now unquestionably smaller than
"a year ago. the gross earnings OF railroads
for July thus far showing a loss OF A. per cent.
The exchanges at all places outside OF New-fork
show for July a loss OF ! per cent.