New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-01-22

The latest week IL not larger than the first
nor does II show less decline compared with last
year The imports mt Ncw-York for three weeks
chou a decrease OF more than &c per cent. while
substantially the whole increase In exports may
no traced TO the outgo Of cotton at n price
nearly cents lower than year ago. Railroad
earnings for the month thus far show decrease
~ 70 . nor cont which is a little less than De-
c.mbor for Southern roads gain with the heavy
movement OF cotton and the trunk line and
Granger roads also show n smaller decrease.
Receipts from customs In three weeks OF January
have been ST794,s50. against sl39A35l for the
same w.el, last year. loss Of over $2ooo,OoO n
wok Moreover. the increased transactions re-
ported I'm iron products. woollens. cottons and
some other manufactured articles are largely at
n sacrifice Of values. for. though prices were so
low before that profits seemed impossible. they
have gone lower. Thus THE Financial enron
iclc'' says of reductions In cottons:
They have not been confined to single depart
ment staple ginghams shifting prints brown sheet
ings and low-grade bleachod goods all showing de-
clInes IN some OF the leading makes The
con,nar,son with last is thus OF an unfavor-
oble character and the market closes with dis
tinctly less assured tone than week ago.
The market for wooens is still mainly con-
fined 10 low-price1 goods. dress goods are less
active and Lowell Brussels carpets have been
roducad five cents. Sales OF wool at Boston.
pb,adelnhia and New-York were 3.1S9500
against sos2. 800 TBS last year. and for the year
thus far S1s7 900 lbs, against 15,349,9O0. About
twentv textile mills, mostly knit goods and
carnot works. have started, while seventeen
have stopped. mostly woolen cloth concerns
Tho demand for shoes Is still for low-priced
Foods but shipments from Boston are in guam
tItv 20 per cent less than year ago. THE
American Manufacturer records sale of
Southern pig at 50 so at Pittsburg which would
leave only s. 80 for Alabama makers at their
works. steel rails have been reduced s. per ton
N so4 wire rods to S23 80. steel biets to SIS 70
steel beams to LBS, bar and tank steel TO L. and
wire nails to IL cents a little larger demand Is
seen at these quotations. which are declared be-
low the cost OF production even al the present
low wages. At about dozen iron concerns re-
duction I'm wages last week averaged 10 per
cent; at two large carpet mills, with about
1000 hands each, and two other woollen mills
the reduction was 20 per cent. and at nine other
textile concerns from 10 to II per cent. AS to
the purchasing power OF the fifteen million peo-
pie dependent on manufactures, reduction or
10 per cent in wages means as much as II 10
per cent Of the wage-earners went out or em-
ployment
The annual statement OF building operations Is
published by 1.-THE Real Estate Record" showing
in the fourth quarter OF 1898 only $50 buildings
costing s4cOi 400. against sos In the same quarter
of 1892 costing s9.l3S.OO2 and 6S2 buildings in
the same quarter OF 1891. costing sl2. lO6.O05. Evil
IDENTIFY the change in legitimate business cannot
vet be considered a safe basis for any surprising
speculation. Markets for products have not ad-