New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-10-30

ufacture a decrease Of 30 per cent compared
with last year, though most OF the mills are
operating at least in part, and prices Oh sooos
have scarcely changed. Rather better ORDERS
were reported last week. but the pusress Is eA-
tremely narrow. In boots ana SHOES the oe-
crease in Eastern shipments was 20 per cent
IN October compared with last year. but there
are reported more numerous though shaii
ordors with MANY urgent requests for speedy
de,;yer, This feature which also appears In
part of the woollen goods trade. is good as PROOF
that stocks of dealers have been reduced our
ing months of stagnation, but not good as show
ing q dish ,sition to buy only for immediate and
absolute needs.
The wooen and the iron manufactures pre-
cisely those which are most likely 70 be a1ected
by the change Of tariff, give the falntest lhdi-
cations of Improvement. Better conecuohs are
reported but scarcely any increase IN the de-
mand for woollen goods. The sales OF WOOL III
October have been 9,207,l52 Id. against zis'o'ooV
last year which would mean little IL there hau
been full buying in previous months out there
has net been a single month since May in which
purchases have been half as large as last year.
and Of the small purchases reported part is
known to be for speculation. The iron MANU-
facture shows a small gain in two directions. A
Few more wire anu ndi ho ~''o
shops are employed and one two of the rail
mills in order to keep their force together'
have begun manufacturing now the rails which
they expect regular customers to want next
year These differences have put three more fur
naces at work. so that the weekly output slight
" increases But prices do not improve, the de-
mand at the West for bar iron. and both there
and at the East for building purposes. Is less
tbap II and both output
and consumption still appear to be smaller than
in September There is also evidence in lower
prices that the manufacture Of minor metals
does not revive.
The continued depression Of industries, with
complete recovery in banking and financial
matters will attract mere attention in the
future If the situation does not change. The
accumulation Of idle money Is surprisingly
large. The banks of this city report s157,Ooo.OOo
in cash on hand, and though money Is very
cheap and commercial loars have been more
freely offered the market is very unlike that OF
year ago. The shipment OF half million
gold by the Lucl mia scarcely seems explained
by the course Of exchange. Cotton bills are
coming in somewhat freely, and the excess OF
exports over imports for October must be large,
not because exports increased, for there has
been little gain, If any, over last year, but be-
cause imports for four weeks at New-York
have been s2923O7O ZOO against s4S66s,056 last
year. After ample allowance for inflated prices
Of sugar and coffee imported last year, it would
still seem that the value of all merchandise inn
ports for the month can only be about $4,000
OOO or 49, 900 900 less than the exports. In such
a state OF facts imports Of gold would be nat
ural IL securities were not coming instead. The
Treasury last week began to recover its gold
reserve gaining slsO0,0oO, while putting out
a. 200 900 in more legal tenders and silver than
II took In. Its condition. as Senator Sherman
urges. Is such as to require the speedy attention
Of Congress.