New-York tribune., 1894-04-30


In comparison with i>92. January ana f'p'"-
ary raylnents were over 90 per cent smaller ana
IN March tn, decrease was 267 per cent. but In
>nrl has been cs S,r cent From this tim" on
,h,. unnatural decline last year win make the
,,,u,l conrarlson drcoptlvelv favorable Odt-
sid. Now-Yorh. payments were S9ooo,eoo larger
g., >rrl 1902. than I'm March, and So 400 larger
If, lN,, Int only s3Oooooo larger this year In
other words the natural spring expansion has
h..r rn,ch Loss than usual Part Of IA" pay
rcn,s {, is true. are on the business - previous
,p.n,bs But the decrease M railroad earnings
which d.rrnd upon the tonnage moved. Is about
T. r,r cent Tor April. and the average ~ prices
is about Il per cent lower than a year ago. which
would make the decline In values moved more
than 2j per cent
I'm some. branches ~ business there + evidently
I..s decrease Thus I'm cotton the quantity which
has come into sight In April Is 2ll.~2 hte'.
AGAINST lsS $40 last year. an increase In spite or
all short crop reports. while tie decrease of
% 900 bales in exports IL less than I per cent
and the decrease ~ 1900 bales in takings by
Northern spinncrs is only II per cent. The price
dropped to 7.4i cents with no definite fact in
sight TO warrant an advance The movement Of
wheat on the other hand. shows n greater de-
cline; exports from both coasts in April have
been 10 479 $50 bushels against 30j4i3j last year.
and Western receipts have been 100000 bushels.
AGAINST II 100000 decrease Of more than 40
per cent In quantity while I'm price the fall since
a year ago has been II cents. or nearly - per
cent The fear of liquidation at Chicago caused
q further decline Of ~ cents last week. and pork
and lard are a shade lower The abundance and
cheapness Of money do not yet encourage
much speculation In view Of the great stocks In
sight
Belief that the Sugar Trust had dictated
further concessions which Congress would grant
helped "A sensational advance. but other Trust
stocks generally declined. and the average OF
railroad stocks fell &c cents per 500 While rates
were a shade higher in the money markets, there
was practically unlimited amount seeking in
vcstmcnt at about the lowest rates ever known.
with scarcely any commercial paper Offering and
the fact that good stocks do not advance under
such circumstances is the least favorable symp-
tom in the street. About St.OOO,OOO came hther
from the interior while 81 200 900 gold and nearly
81 600 900 silver went To Europe. though markets
were In such condition that no outgo was ex-
pected most Of the week Imports OF merchan-
disc unusually large. and 1t Is said largely
for warehouse TO await proposed changes OF
duty. Customs receipts were $2.l20.000. 45
per cent less than for the same week last year.
while exports gain about 10 per cent
one heavy failure, an importing house. caused
the more surprise. since the failures reported for
the previous week had been for the first time in
q year fewer than for the corresponding week
the previous year The liabilities reported by
'Dun's Review" for three weeks Of April were
$GsSS.5sS. about 30 per cent trading and 40 per
cent manufacturing. being relatively heavier
AZ the South than in any other section. With
the one large failure since announced. and the
figures for the fourth week. the aggregate for
the month would be not quite as large In
March
The signs of industrial conditions hqve small
value this week. as the effect Of the great strikes
IS not yet felt and may be serious. Some iron
establishments have been stopped because sup
plies OF fuel are lacking. and many works in this
and other Industries liable to be affected
Prices OF iron and steel products, al a whole. do
not improve. and the situation In cotton manu-