New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-09-17
that Democratic theories may preVaii anu D'.'
lsh manufacturers may have larger "ceeS' :"
our markets!
Money IND BUSINESS.

remarkably
due only TO the deferred business or the ias' nan
vear does not prove 60 large that us coihPie"'"
leaves the markets disappointingly narrow.
Whether that is So only future experience '''.
mako clear. The rush Of trade so long postponed
nv tariff uncertainty and by the coal ana rai-
road strikes has made things lively for tiihe'
,v,on tho country storekeepcr whose stock has
ham broken nd reduced to the utmost by months
or extrcme caution, has restored 1t to what ne
considers tho line Of safety. his future purchases
,,u dene,d upon the retail buying. Al present
tr.de is still large in some lines, but IN Others
shows indication OF the shrnkage when may oe
.xnected whom the deferred demand mas peeh
mot Meanwhile reports II ON various coh'iie'-
cial centres indicate activity In wholesale rather
than in retail transactions.
The weekly output Of pig iron increased 7o''o'
tons in August, according 70 The Iron Age
and on the 1st Of September was 81 per cent Vi
full product. That paper expresses grave uouo''
whether the consumption will be touhd u JUS
trv 40 large an output. and reports son'e"ia'
dleappointng demand for finished produc's' WIZ"
some tendency TO weakness In prices besse"'e'
pig being also slightly lower at fit'souis' "'
:, e. hard 70 believe that after the consumption
reoched 1876 900 tons weekly April l. anu "i'ei
miners and coke workers and railroad strikes had
nv At least 10000 tons weekly. the deferred ne
oss,,ios FIR the country can be supplied by
ro,,c,ion exceeding the requirements OF last
,rri h, o. 600 tons for only month II there
has heen any expansion In business, the output
NINA, FOR a time go higher But prices 90 not
imnrove at ALL though 40 per cent lower imam III
1890 In the minor metals the demand seems 10
prompt no advance. and lead mas peeh uepie'''
by foreign offerings AZ 80 cents In poo'S anu
Shoes the consumption OF materials mas reuuc''
stocks Of tanneres largely and shipments rom
Boston. according to The Shoe and Leather ne
portcr.' have been 24l7.O52 cases this year whcn
means IGs 9l5 cases for half Of September against
,co .,o tn 1909 Uere no abatement Of the deman1
GA, onn.ars far the cheaper goods though sales
# the better grades are still far behind
The long suspension Of mills a. Fall River ana
New Bedford explains the advance In prices anu
strong demand for some kinds OF cotton soou''
,ut many others have advanced and the whoe
business Is large. as 1t would naturally be WIN
IN. demand for several months crowded into
frw voeks Competent Observers report tha''
.xcent for the addition Of delayed to current de-
mands. the business is not as large as usual
sales # wool have fallen Of. and for two weeks
II S4ptember are barely more than half the sales
for the same weeks in 1892. but this is attributed
London wool sales this week. Sales were larger
f., unry than since but were In part for specula-
.,,, and IN that month and August provision
u.,s presumably made for the deferred demand.
puring the past week orders for goods nave
diminished and b,lving has sersibly abatod. with
tha estimate that In cheaper grades over three
quarters and In all grades about man, OF d iu''
seasons trade has b IN done. NO one can
yr, fudge how much II ia" spring requirements
has been covered 10y contracts with foreign pro-
duc.rs for delivery after January l.
All estimates regarding manufactures take
into account the disheartening crop reports mace
last week by Government Never peiore
have official estimates been 80 unanimously u's-
puted by experts Of all grades. ana the s'na'I
s,ocles ~ corn IN the hands Of spectators and
dealers do not indicate that market interests III
nucuc. opinions as riuch az usual. Between the
Government estimate Of loo 600 bushels ana
acme others # 700 900 600 the markets evidently
,,. NOR. fith In tn. larger a. the price has been
grsdunlIy settling since September !. ana &c
cItr.I - cents last week. Neither have ac-
comma. Of injury 10 wheat prevented decline oi
ny.r n cent and Western receipts. hough
smaller Last week than year ago nave p"e"
over ~ 100000 bushels since August against 70
oGG e0s last year Exports from both coasts hour
included In two weeks Of September nave Dee"
only 1896 300 bushels. against 10 219i2' last year
and Sine. July have been 2o2o0OOo bushels less
than in 1898.
TIL .vtr.mn cheapness Of wheat tends TO de-
,riv. Tn. farmer Of the advantage which
r,od crop might give. and It looks IA II cotton
growers will suffer again in the Same way
Wheat H. L. cents or % per cent lower imam d
wear ago. and it would take an Increase or
quarter In the Yield to make this good Cotton
Y nor pr
I,w.r and the Yield must almost reach 100000
h,las 70 make this loss good. but win SUCH d
weld prces would go still lower. The loss OF corn
whether 400 OOO 900 or 1000 900 bushels. VIII
prove serious for railroads. particularly In the
eight states which are said 10 have ploughed up ~
per cent Of the acreage planted. and earnings are
sl,rbtIv smaller In September than last year.
and Il : p4r cen, smaller than in 1892 The gam
I'm Aupust over last year less than per cent
Domestic trade represented by Clearing House
evchonges has averaged per cent more thah III
September las year. but 25' per cent less thah III
1892 Foreign trade shows "A singular CONTRAST
imports for two weeks at New-fork are Nv per
cent larger than last year. while exports from
New York are IFS per cent smaller thah last
yoar These changes continued through the
month and az all ports would mean an excess OF
only 81, 100000 exports. against *2o'oooooo last
| vear Customs receipts for three weeks nave
been 81 coo 900 larger than last year ana 81 4ooooo
| larger than In 1892. while internal revenue re-
ceps have been 81 300 900 less than last year and
! e. 100 O01 less than in 1892. The Treasury OFF,
c!als are jubilant. apparently on the theory that
| imports and customs receipts Will continue as
| large as they have been during the hrst ful Tort
| night under the new tariff II so. domestic IN
d,stries will suffer seriously The truth Is that
| II is too soon to make even an approximate est-
mate of the effects Of the new tariff. either upon
| Industries or upon the Treasury reserves
| The Republican convention tomorrow Is going