New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-01-30
MONEY md BUSINESS.

The liluidaiion in stocks and products. OF which
tie bank statement gave evidence week ago, has
continued, with IN" natural decline In prices.
/; l. truc the fall in prices was not great, IN
railroad stocks averaging - cents per share, III
Trust socks {! cents per shan, IN wheat J-o or
4 cent per bgsh"l. and in cotton Is Of
cent per polud. i1at the rang" Of decline was
from half of 10 - per cent Of the value. Bl5
Whskry dropped . Is points, while sugar aud
Tobacco rose Manhattan declined IL points.
after Us great rise OF | ) two weeks ago, and
m. ~ Other railroad stocks yielded some. for IN"
great bull market which was expected 10 enlist
public enthusiasm has quite failed IN that re-
spcct. though II has given some operators chanc"
~ turn their load over to Others. In spite Of
the chcapncss Of money and the large receipts
from tn" interior. over SG.00o,o00 last week, o.
which only s3gD. 900 was gold. the exports Of
II. 200. 0uO specie last week and Sl3,o00,OO0
during thr month, with the orders for 81 100000
more to 60 Oh Tuesday, caused sonr dis iricndc.
H. a speculative point of view, this j. natural
Though the Treasury holds S?,9oO,O)O less gold,
and Slloo,oOO lcs- silver in excess Of certificates
has been reduced ~ 900, 900, and men know that
il is much easier for the Treasury 10 lose It's
gold than 10 replace il, when less than a
tenth Of its customs receipts are IN gold. The
speculation in industrial stocks makes many will
ing 20 let the stock market alone. Out Of
2.tIO,O00 shares sold last week, over l,l?7,-
GOO were Of Whisky and Sugar alone. and ,440,-
600, or more than half, Were Of iiv" trust
stocks while the five railroad stocks having the
largest sale recorded only Goa 900 shares. Pos
sihilitirs of legislation are much discussed, with
the feeling that collapse Of the trusts would
take down prices Of many other stocks as we'll.
nor il it forgotten that gold goes ont when
merchandise exports are largely exceeding i'm
ports There has indeed been an enormous in
crease in imports compared with last year, in
four weeks at Ncw(orS abont So, 100000, which
Indicates AN aggregate Of 81 10000 for the
month. In -four weeks exports here have also
declined : 100000, and there has been a de-
crease probably exceeding Sj.0OO,O0O az cotton
ports but these changes would leave exports Of
s. 200 900 TO $50, 900, 900 for the month. Hence
IL il not without rason that find In gold |
exports evidence Of foreign selling OF securities |
Railroads continue 10 report large earnings, in |
January thus far 3.S per cent larger than last |
year. The volume OF domestic trade settled |
through clearing houses outside NowNork shows !
a much greater increase, about Il per cent for |
the month, far exceeding the record of any other
year. The movement OF corn and hogs IL small
and the decrease in pork packing very heavy, but
u other products generally the movement is re-
mar kably large. Wheat receipts at the West in
four weeks have been 5000, 900 bushels against
-, 100000 last year, and since August |, 49,
900, 900 bushels, against $4,000, 900 last year,
when the crop was unprecedented. Exports from
both coasts including Hour, aggregate l2,4s5 900
bushels in four weeks. against l1,5S4235 last
wear, and the price declined only 5-S of a cent
Though receipts were large last week the
price advanced IS cents, but oats declined "a
If a cent Cotton receipts from plantation are
still small; in four weeks only Az 900 bales,
against Il 900 last year, while the exports were
ut 3sj 600 against 632 900 last year. but the price
s cents higher than year ago, and the stocks Of
american in sight here and abroad are still
Yearly 100000 bales, enough to supply the
worlds consumption Of American until the last
week in August if not another bale should come
nto sight.
The progress of the great textile manufactures
in the highest degree encouraging IL is many
ears since the market for cotton goods has been
o strong, stocks being small, the demand heavy
nd the mills worked 10 the full. or the woolen
manufacture il is a sufficient indication that
alcs Of wool at Boston have been I5,l02s5O
ounds this year, against 0,s52.300 in the same
'ccks OF 1892. an increase Of "a per cent The
pcning Of fine worstels highly satisfactory, =
nd there also appeared last week an exceedingly
rGe demand for all wool dress goods. The mar | =