New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-11-12

III. elections 4 Tuesday have caused a great
Improvement Il feeling. II IS believed THAI the
supplemental tarn bill and all other damaging
rre.-Trade measures have been blocked. which
Is - itself A. distinct help was the suosttu-
ton q the senate compromise for the Wilson bill
last August Then the overthrow Of PopulIst
and silver fanatics Is believed t. put an end to
dangerous monetary legislation, at least for years,
and t. schemes II railway and eegraph cOniisca-
ton. But while confidence that more mischief IL
not a. be- done will increase business within Ger
tain limits other causes Ok shrinkage have not
been removed The new tariff is Sill in force.
with The great shr.nkag~ in wages IL has caused.
and thus curtails the purchasing power OF me
people II Is sim ~ unsettled question how
many 81 the woollcn mills can coniinu" work
without further reduction q wages when the
new .woollan duties take effect. January l. Nor
is IT clear ~ YET whether the present rate ~
production can be- maintained in the IRON cotton
ard some other Industries For the abnormally
low prices Il wheat and cotton stu restrict the
buying power ~ agricultural states. as well as
the short ycll % corn and thr extreme depres-
sion " wool. These things operate t. hinder any
complete revival. though increased confidence
viii help tho Improvement already begun.
Th. increase in the iron output was 7.13l tons
ny 10 about - per cent o. thr maximum. ard
there was also "a slight decrease in visible stocks
Of p.2, iron uus1ll other than those held by tn
great steel companies. Nearly every furnace
j.. now az work I'm The region # cheapest produc-
ton in which Lake orc and Conn, syilie coke
are used namely. Western Peru4y lyania and
New- York and ohio. Bat the market f0r finished
product has not improved. As the winter an
proachcs. the structural demand has declined
The stecl-rail combination has refused To- make
any change in price, thar this large branch 81
| consumption cannot be- expected to increase ma
teriaIy until railroad earnings have improved
Some Of the wire rod mills have closed and husi-
ness in barbed wire and plates Is lighter h1ugh
in bar iron and steel somewhat better at phen0m-
cnalIy low prices II Is SIN an unsoyel problem
how many concerns can continue the production
and manufacture of iron ami steel al the prices
now ruling.
The sales Of wool diminish, falling behind last
years though It may be only for a time. and
amount for the first week of November 10 3.5756O)
pounds, against 1854 700 last year. and S.2l5.00o
in 1892 As comparisons here are instructive only
when they cover considerable periods. the follow
ing figures are given for six weeks. beginning
with October and for ten weeks. beginning with
September:
Sly wceks......... So la2 20 s2o35i 81 uoiG7Os
Ten weeks ........ i5.isi.i9o 3l6770I7 ~ c97 2J3
These figures show that purchases Of material
during the past six weeks were about y per cent
greater than last year. but 81 per cent less than
in 1892, and for the ten weeks about 81 per cent
greater than last year. but 81 per cent less than
in 1892. From this comparison the actual i'm
proyement in this industry a whole may be
very closely Judged although there is the posi-
hility that the mills have bought somewhat more
largely this year against orders for delivery in
November and December than they did year
ago. New business is at present very small. and
the fall demand Is nearly over and a larger
demand for spring goods is expected 10 depend
on developments in the market after January t.
the prospect for speedy increase in production is
not clear. In cotton goods further weakness APP
pears with print cloths at 269 cents Western
and Southern trade being reatricted by low prices
for farm products and consequent hardness in
settlements The takings Of Northern spinners
IN November thus far nave been about an
eighth more than last var The boot and shoe
[ manufacture continues to deliver largely, and has
orders running we'll into the future for goods Of
the cheaper grades but the season Of compare
lively restricted demand nas arrived.
Wheat has advanced la cents. with exports
from both coasts for two weeks. -four included
amounting to 5625695 bushels. against 5.674 40
last year. while the western receipts have been
only S,2S2,CO0 bushels against l3.l0l ,o4S last year
But 1t should be remembered that receipts for the
crop year thus far still little larger than at
this date a year ago Corn has weakened a
little but without much change in prospect for