New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-12-03

but sales OF foreign have much increaseu' "'"'
sales of domestic have decreased.
This parison indicates consumption III
manufacture during the last three months ou.
slightly greater than last year. and ~ per cent
.ma,Ier than I'm 1892 There Is no reason Ior
sunnosinp that the sales do not represent TIC
some nronortion of total consumption tnat they
have in former years, and experts do not recAo"
unop more than about two-thirds OF the maxi
mum consumption in all branches OF the ihdus-
fry MANY mills have finished and otners are
about finishing their orders, and there are a'so
sope cancellations on account Of delays IN oei'-
cry on long belated orders. The cotton mahui"'
ture meets a slower demand with some reoue-
lions In price and print cloths have been quiet
the demand for printed goods being wen su'-
tanned TIE effort to get higher prices ior s"oe'
on account Of the higher cost or lea'her 'e"u'
70 reduce orders as distributors find that poth III
the farming and manufacturing regions '"e
economy of consumers makes any ao'a"'e
difficult But shipments from Boston continue
in number Of cases larger than last year. inc
addition Of some works to the ron-producing
force only depresses prices as the demand Is ho'
,umcient to fully employ the works In operation
and Bessemer iron Is quoted at $40 20 at Plus
burg. steel biets at SIS 49, angles at III ~. wire
nails at 80 cents and cut nails at 80 cents. IL Is
admitted that stocks now somewhat accumu-
lating. .
1t Is not strange that railroad stocks are 20
cents per share lower for the week. ana trust
stocks 81 50 per share lower. In view OF the oe-
crease In earnings. the default by the Erie ana
the stoppage OF sugar refneries. Comparison Vi
prices about May 1. on the 10Th or August "hen
the sugar tariff was substantially passed. and
trlaa
shrinkage In consumption has deprived the Trust
Of much Of Its expected profits Instead OF the
difference last May between raw and graduated
sugar OF 81 So per 100 pounds. and 81 cents III
August. there is now a difference Of only "a cents
per 100 pounds obviously because the consump-
tion has not yet used up the refined sugar made
from the enormous quantities OF raw imported
free Of duty The closing OF factories throws
Il 900 persons out Of work II is said, but pre-
sumaby all would be quickly employed II free
sugar bill should be passed. Railroad earnings
thus far reported for November show decrease
of per cent and in comparison with 1897 or
per cent but the decrease in Western tonnage IS
greater in Chicago eastbound by rail 49 per
cent for November, and in lake and rail- tonnage
Sc . per cent.
Though the Treasury has replenished Its re-
serve. London does not greedily buy stocks. PER-
haps London notices that the total revenue TOT
November has been only sl9,ill.403. against s25'-
s7s 400 last year and s2s.739.s95 in 1892 and that
the deficit for the month has been about ss'oooooo
As foreign exchange tends toward the god-ex-
porting point IT is possible that the reserve may
not long be maintained The commercial demand
for money does not seem in the least degree
better than It has been though banks are ask
ing higher rates. and the movement OF o'her
money from the interior to this city Is as large
as at any time since September.