New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-06-18
ltnALl NJ EENLNESN.

Tho settlement - tic miners strike. the ma
,.ri,l decrease in gold exports. the rapid prog
r.sS toward disposition ~ The tarifr question: ana
~. return u more scaspnable weather. all haa
a fayorahl. influence upon business last week III
part. - coursc. tn effects have yet 10 Do real
izel But thus far /, cannot De said that eh'ctS
= Importance have appeared and some are r''-
..,,,c ,t,t IN. Influence ~ the sfr!k" has been
.vagc.-,,.d. md that ID, drpr' ssi'n has been
mainly due 10 other causes. II is but just -
,,.,. fh,, there has Not b""u time n@ yet f"r any
material Improvement. ana th" returns T'''lN''
r..e.sorilv relate . results - past conditions.
hu, the demand Or products appears to have I'M
proved only 81 ~ 9s retail distribution mas o''n
helped hy s.asonlhlc weather
Ne, exports - gold last wc.k were $2.2'G.429.
AMI = silver l3,3'S9. making for part 81 June
Sli o,s e23 goll and ssio7so silver. The final re-
p1r- shows net exports In May II Hs.l24o'S gold.
auI s2s>7627 silver. although merchandise ex-
ports exceeded imports Tor the month by Nfo'-
&C. /, Is naturally inferred that part ~ the spe-
| .,. shipments have heon IN anticipation ~ inter
est duo abroad July I. hui the state 4 business
| and th. decroarc iu earning power - corpora
| Tons must have made the sum 4 such payments
materially smaller than usual II IS 10 longer
questioned thcref, rc that actual withlrawals ~
| foreign capital account FOR most ~ the gold eN-
| ports and tho belief that these Withdrawals are
about 10 cease res,s almost wholly upon the ap-
pearance I'm the market u come commercial
| bills against products - be shipped hy IN" end
- July. obviously this IL in effect obtaining an
advance from Europe On wheat AMI cotton not
vet ripcncd bur q serves a good purpose u II
lessons the present drain ~ gold though II Will
| q the same extent lessen any return movement
~ specie IN the fall with the largest stock ~
gold eyer known I'm the Bank ~ England, II is
not difficult - max" such arrangements 10 the
| extent 81 contracts already effected for export
The Treasury needed some relief. for It had
lost since June ! s0.362.i6l gold. receiving ia
stead s5sOOOOo legal tenders. $2.90Oooo Treasury
notes and g. 800 600 silver It's free gold f"ll last
week to SOS $3.50 49, which Is only s2,7oo.Ooo more
| than the amount held January 81 Its receipts
from customs have been 81 9lj 1873 for the week
and for the month thus far $.Gi2.3SG. against
| about s. 800 900 last year. The decrease In the
value Of Imports at New-York has been 30.5 pei
cent Indicating a relatively large importation OF
free articles The New-York banks gained dur
Ing the week about IA much IA the loss by gole
exports. and the continuing influx OF money
which has given the banks net gain OF SS6Ooo
600 since January l. exclusive OF foreign an(
Treasury movements strongly indicates the com
pletc stagnation OF Industry and trade
The fall Of the iron output 10 62Jl1 tons weekly
against 1876 1872 April l. and 1851 May lssS' Il
| one Of the most remarkable phenomena OF In
| dusiral history. Nor can It be attributed ex
clusvely 10 the strike. thought most OF the estab
lshmcnts stopping had that reason. Othe
establishments, In regions not directly afecte'
nv the strike. would naturally have supplied tn
lack by increasing production II the requirement
| had been as large or "a urgent IA was hoped
Stocks OF unsold iron diminished 24S,152 tons whlci
, | NAV not mean that this quantity besides IN
production OF the month was actually consumed
for Il may have been taken for future consuinp
ton by parties wishing To insure thcmselVe
against possible continuance OF the strike. AS
IL notorious that the concerns making Iron int
forms for final use were stopped very general,
as we'll as the pig iron furnaces within the regio
affected by the strike. II Is not supposaDle ina
the aggregate consumption Of pig was as larg
June as IT was May or April l. The price
made FOR delivery of products some months memo
E do not as vet show much belief I'm the expansio
Of the demand.
J. In the wooucn, cotton ana shoe industries NOR
l. | factories have closed because orders were II
a adcauate and the week has brought no In
l. provement In that respect. Increased sales b
retailers having been made from Stocks on nam
y Further reductions are reported In cotton good
4 but the larger sales have not prevented accum'
r lations Print cloths have sold at 262 cents, wit
@ 93s 900 pieces In stock. large number