New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-02-05
WENTWORTH DAILY TRIBUNE, MONDAY, FEBRUARY 1874

end revenue may decrease more III co''''"s
months since goods will not be TAKEN ou. %
bond at high rates Of duty unnecessarily
ness revival. so fatuously reported every day py
some had for basis the possibility thal 'ne
tariff and tax bill would be defeated in the
House But now no definite decision can De eN-
pected for months to come What business can
no dopa within those months and in the days
Of grace added for wooens will be DONE WITH
othar hrs,,oss which no change of tariff can
affect.
II 10 fully five months since stories Of business
revival have Illuminated the pages OF sundry
journals The actual payments through all clear
ing houses in the panic month Of August ana the
five succeeding months with the actual earnings
of all railroads reporting, show the following
percentages Of decrease in comparison WIN
those Of the same months last year.
c,.,rIur, aec A az s sS 81 81 81 "a So
Hd d"c '.'..'... 1870 90 "a C6 1873 Ill
The decrease in payments through clearing
bouses for last week was over 40 per cent, but
the latest report of railroad earnings. covering
the third week Of July shows less loss than FOR
the previous weeks. Months ago II was
thought that as all the factories had resumed
according TO some accounts. payments and move
ment of products would presumably recover nor
NAL proportions But the gain has not poem
remarkably large. Notwithstanding oil the
resumption Of work in mills and shops the
actual output Of products Is still far behind that
~ last wear. Some recovery from the depths
Of the panic there evidently has BEEN. but IN
dlsputable business records prove that IL mas
not been as large as some persons pretend.
The woollen manufacture has decidedly I'M
proved since the House consented TO deier tiie
new tariff on woollens until after the next Con-
gressional election. more active market ioi
wool was seen a. once. with considerable pu!-
ing on speculation, in the BELIEF that the post
ponenent Of new dr les would enable manu-
facturers TO work up the remainder OF last
vear's supplv Of wool, 50 that prices would adj
vance Sales at Boston. Philadelphia and New
YorI, for the latest week We're 4.j05.IOo pounds
against Sis 900 for the same week last year, and
I'm January 145lJ 300 against 2j 100 last year.
\ docrease OF 43G por cent. Several grades OF
goods have been reduced in price because OK
scanty demand, but cuttings and dress goodS
are selling better. The cotton manufacture
shows a better tone, and print cloths advance
slightly but the takings Of cotton by American
spinners IN January were 5C.iji bales, or &c per
cent less than last year The boot and shoe
industry is doing li,tlc better at the West. but
at the East approaching exhaustion Of orders Is
reported from most of the works, and the
shipments from Boston for the year thus FAR
have been CO 600 cases. or Of per cert less than
last year. In the iron business there has been
quite perceptibe gain within the last few weeks,
and for wire wire nails. barbed wire and some
structural forms there is a large demand. enough
rio
Bossemer pig he's sold at SO at Cleveland. and
Il Is stated that steel billes have sold at slj
at Pittsburg The leading Eastern concern,
the Thomas Iron Company at It's annual meet
Ing last week reported only four out of its
eleven furnaces in blast. and the consumption
of Connellsville coke in all branches Of the man
ufacture west OF the Alleghanes may be in
ferred from the fact that $40 ovens were in
operation at last report, against 9I06 idle. In
the building trades considerably more than half
the working force usually employed at this sea-
son appears to be idle.
Foreign trade Is more satisfactory as TO
ports. the value shipped from New-Yorl in Jam
uary being Is per cent greater than last year.
though nearly half the increase is in cotton at
about s3S per bale. against SAC a year ago. I'M
ports at New-York since January have been Al
per cent less than last year. the decrease last
week being nearly 80 per cent. Cotton exports
Increased go 900 bales In January. the takings Of
spinners decreased 30 900 bales and receipts from
plantations increased 10000. Receipts continued
larger taan last year. and stocks OF American
here and abroad diminished li4.0OO bales In Jan
rary. against 10000 for the same week last
year. The price declined an eighth during the
week. Wheat exports from both coasts in five
week. have been H. 800 $50 bushels, -four included
against l5COe.1ii last year but receipts have
greatly declined "Bradstreets' shows a slight
Increase In visible stocks for the month. though
I'm ordinary years there IL decrease OF 100000
To 1000 900 bushels. and the price advanced
about half a cent. Corn ana pork products were
slightly lower The movement of idle money
hither would no longer appear II business were
ordinarily active. for the surplus has risen above
Sill 100000 1t is presumed that nearly sGO,Oo0,cO0
will be drawn into the Treasury by the sale OF
bonds. less the current deficit. which Is about
5000 600 per day. But rates for commercial and
other loans are low and easy a. If no increased
demand for business purposes were expected.