New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-04-09

New conditions during the past week "'''
brought new and more wholesome results. Ihe
Presidents veto has been sustained spring 'icc-
lions have given the parry in power a warning.
and four Democratic Senators have Not"d %
dala, dobate on the Tariff bill. These are the
fac.s. and the business world has inferred 'h''
silver agitation is at an end for the year and
that the Tariff bill is likely t. be defeated.
These differences are a lit;le hasy Bu; they
have to be reckoncd in explaining the distinct
Inprovcmcnt in business affairs Business was
gaining gradually prior 10 the everts mon
toned partly because Of Increasing demands Tor
reimbursement Of stocks incident to the season,
AMI partly because Of growing condderce that
change Of tariff would not In any case take
effect before midsummer and were likely 10 ran
entirely In manufacturing and commercial
circles this opinion. backed by private advices
from Washington. has been growing stronger
for weeks The recent events gave additional
impetus to the speculative element. and 80 there
are bull markets.
II is an ancient hut not sensible notion that
a rise In wheat and 4 rise In stocks should 20
together. The rise in stocks, If not entirely
gcnsolcss means confidence that railroads will
have more traffic. The rise in wheat. being
partly sensible means belief that the railroads
will have less traffic because the coming crops
will b. short. Buying stocks al $50 per share
IL sometimes safer than selling wheat at 60
cents per bushel. but FOR the moment the
temper is to believe and t. buy. and stocks are
shade better for the week. Trusts We're nearly
half a dollar better and whea, rose abou, cents
closing 3ss cents higher for the week. Nobody
can tell as yet how much truth there is in
reports Of injury. but It need not be- great In
make wheat tar purchase below 60 cents
anita b,tah
against three last year and since January
have been about 26.OOOOoO bushels, against A.,
600 600 last year: hut low prices of themselves
sufficiently explain small receipts. Exports in
five weeks have been 100000 bushels. against
$1,000 900 last year. and since January about
3s 600 600 against 100000 last year: but again
the exceedingly low price would naturally
courage purchases beyond present demand Corn
and oats do not change much. and the higher
price for pork and lard was without reason in
known conditions.
Not long ago "Bradstrect's" reported after
serious Investigation that the crop of cotton
last year about 6.600.0O0 bales. and some
foreign statisicians Of unpronounceabe names
have been making similar estimates more re-
Gently. But 6.s44,47S bales have come into sight
last Friday with five months OF the crop
year left. In which about 700 900 bales came into
sight from an exceedingly short crop last year.
The outlook for sp!nners appears To be better.
and the market for cotton goods Is stronger I'm
tone without advance in prices. But II is absurd
To say that the mills are fully employed when
their takings Of cotton. about 10 per cent less
from September to January than the year be-
fore have been about 4 per cent less since
January /. In all textile markets. in fact. inn
provement means considerably less than recov-
of iaet 10 tba
sales Of WOOL since the postponement OF new
duties on woollens until December. have been
about 100000 pounds. against about 42OOO.OOO
last year, but In nine months prior to that period
the purchases had been only l24,0O0,0OO pounds,
against 242 900. 900 pounds last year. that. in
stead OF using wool on hand they did year
ago the mills at work now are buying from hand
to mouth, with only part of the machinery at
work
The number of mills in operation increased last
week. and the beated demand for spring goods
makes transactions in some lines about as large
as they In the same month last year after
most Of the demand has been supplied. This Is
the more natural because importers waiting for
change OF duties. have brought in for con-
sumption since January l only s3.O541O0 worth
of woolens against s7.27S.s72 worth last year.
and OF all drygoods only 279 worth. against
SAL 1872 last year Having waited until the
foreigner is out Of 1t. the domestic producer can
supply what is left of the market with safety.
But II is noticeable that imports have been es-
pecally reduced Of silks, though the proposed
change in duties silks Is moderate. which in
dicates the shrnkage in consumption. So the
shoe business shows decrease OF IA per cent in
cases delivered for the year thus far with SO
general a change from higher To lower priced
goods that the decrease in value is about 2S per
cent. There is little change in iron and steel
products and that little mainly caused by lower
freight rates from the South and reduction Of
wages for pudding in some mills OF Western
Pennsylvania and Ohio. The demand for barbed
wire and structural forms Is large and some
orders for rails reported at the West.
Notwithstanding the April disbursements