New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-04-24
voyEy AND BCSINESS.


.."nono ooo This seems from ak accounts TO
~ ,aoo ,bo intention of the Secretary, Dut the
,-..;.ian, hos mot consented. and gold Is Yet de
It'll ,r hoth kinds of legal tenders VII III
I., en-. cold reserve must have been reduced 10
,, CO. ana 600 but on Saturday great ehco"
,,, ,,os ,,iven the Secretary by onrr' Ol o.
ono ono ooId presumably by Western banks OH
.t oorditi,n that legal tenders OF th' sa''''
,,,ount should IL, delivered for II ~ N"w-iolh'
uo,. i. some reason TO doubt whether TINS OPP
r,,i,, :. helpfnl The $l.oOo,Ooo d'poS'eu u.
IA, r,onci-co il il stated, was pN ''' orh''" W
, Canadian hank. which took out III" ''2a' ''n"-
.,s here. drew gold for them. ana shipp'd '''c
cold 70 Canada. thus saving I'll" c"s' o' s''p'"o"'
.cro.. I'm. continent As the Treasury gam u a'-
s,lutelv nothing by the tralsac'ioh wv Po''
,h,t later deposits mean only repetition o' '''
or.,,tion ON a larger seal" i OBVIOUS i'''"'"'
ably foreign concerns having ag"h'r' Ut ''"'' -,
here have millions at their command Oh 'h' 81, ~
Cons. and in the far West. when thrN Wou'' INV
:, H., coy.rnm,nt would kindly NOV"
Il in Ncw-Norl, for them n pnbir e\p"''>'' ''
c,cr.,arv cannot know what N"W-lorN corr P'"
1900. - Western banks mean to do with legal tend
800. drawn here against gold deposits 'I""h
Ian, ,b. Treasury virtually pays premium" u" S'''
:. ,,..,,. .ucA Arrangement. with some reason -
,,oc, that +, j. only facilitating exports oi 'h"'
metal. I'm, ,h,
.oue cold comes 10 H." Treasury rom '''
mime. and some fiom -rE'iAl Calculation. -"
u,t,L.r ,l.. Treasury las los' about S!''o'"'
cco ,nd ,I,. Nrw-lpl; banks Only Sl''"o,D''
y.hil. a.. net rNpol.. 10 April we've apou'
o.u. 600. and the outeo lrDm N"W-lork III Np''
Ina. been about Sl2.-O0."oo. mus h"'' VII
.,old .crt abroad sine" til" election has S"'' '''
ether ,o.rce- than III" Treasury ana 'h' W."
VIZ l.rl. When ,h.lc j. TO question about
,h. mt,u, arl ability 70 paw eold on al
,.u,r.r. lorg. amounts may be- obtained from the
interior not mcr ~ ior transfer 20 "''S w"
:. therefore. 10 D." hoped that ia" purpoS" oi t.'
,;oy,rnmcn, viii be- - d"iinI''IN anu WV
declared early this acc; ~ 10 clear away an inI-
por,.,n, c1us., OF IT," iiight OF s"li ITO" wv
-, u.r. talks with picss AGENTS ~ reporters
VIII not suffice.
stocks declined las, week in IA" uv"rag" - Il
i,r. sine. March / have declined :! - per
.l.,.. AL. nc. November = ~ per shai''
1,.., stock. lll last wrrl, an average ol :" u
$50, .L.re .trce March = r"r shan" ami SIC"
November 4, Sl9.i5 pr share. ~" NAM"
80 ,L, ,olic, of III. Government has not h'lp''
Ties. Interests ~ vet though nothing has YET uni""
i, ,,,;,iu villa, tie Government means 10 40
Wh.a, declined only fraction here" I'M Tell h'hiN
: CONS a. Chicago. Western receipts CONTINUING
.,....lr s.oou.no0 bushels p"r Week, whl'" ~
o,fs (rom 10th coasts. -Four included, have p''h
,oo. 600 bu>icl, in tine" weeks. Corn. oats ana
r.ii, produo', ro-" little ON the whoNe III SlN''
~ monetary disturbance, but coffee declined "'th
one ,arg. failure
Cotton lcll h,csi, ir"nths during the week. ana
j.. now almost - low ~ II was year ago. INC
nre, Van ND io 10 r,'nfs IN November, was almost
10 until the middle of January. ana WAS
still 4l-I cents about I'll" time oi ina"s"l i'lo"'
hut la. fallen IS cents. 81 - per cent Re
r,ip,- from plantations th' month hd\" Dee"
~ ooo bales. against $4,000 Last year. and ~
mort. ,.I 600 AGAINST $1,000. and stocks Of
American cotton ar. still over million balcS III
iii. courtry and -, 900 bales abroad. The
,pouo:,rv uncertainty probably calp"S much OF
,L. d.Drc,sion. and Southern and Western states
men cannot expect GOOD prices Tor farm products
bi, they put the finances Of this country AZ me
mercy of European Lenders. lli" south would
nave been better oil if 10000 bales OF cotton HAD
been engaged Tor shipment Tuesday, instead OF
,h. el;,0. 600 gold which has actually been OF
eacod.
The volume Of business continues large '''r
iug House exchanges OGts1" Nrw-lofN III Aptll
thus far have been about per cent larger than
last year Part of the difference Is due To the
nrr,> of commodities which average "a per cent
higher than year ago. ana part TO SNti"heh's
an transactions of past months. Railroad earn
inc, reported by The Financial Chronicle show
cain of g per cent for April thus far. though
it, returns also show Il drcrra-" Of over $4,000
600 in net earnings for the first two months of
The year.
The failure of the Pennsylvania steel Company
Ia. i'm tln calls
attention to the effect OF financial uncertainties
,pou the iron and steel industry. since TIE failure
seems 10 bc largely the consequence OF shrinkagc
in rairoad building and in demand for steel rails
PERHAPS the prospects for that Industry. somewhat
more hopeful of late, may be- coudrd by this event
In the woollcn manufacture also there begin TO b"
complaints of scanty orders for the future, as
neither domestic dealers nor importers can guess
what the tarin will! bc year hence, when the
goods which should now be ordered will 90 into
consumpton Sales of wool this month have been
about n quarter less than in the same weeks last
year Tier. has also been further decline in some
grades Of cottons. and 3 - cents for Gas is
sdcrrd it'll. better than a nominal price. Ship
mcnts of shoes continu" large, but new orders are
retarded bv the attempt to advance prices.
A. before foreign trade is making ii hard for
the Treasury. Imports at Ncw-iork in three weeks
Of April have been S0.0OO0OO or % per cent
greater than las, year. while exports from New
York have been Si.000.00o orFl7 per cent less
than last wear. This, with the decline in cotton
looks ~ if April exports might fall below So
600. 900 and imports rs" above SS6.00O,000
When trade il in such shape. there l. not much
sense in attributing gold exports to Wall Street
constructors even If distrust of Democratic iinan-
ccs were not perfectly natural
Judging from the tone OF the leading BnlTalo
newspapcrs Democratic "a well H. Republican,
Mr. Shcrlan will not find that city healthy
placc 10 live in lie can return 10 il with the