New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-02-26
UONEy And BUSINESS.

The business Of 7OOOOOOO people is waiting Tor
Congress. and Congress is doing nothing MIL
wheels are stopped and trade halts. because Con-
gress is expected to do harm. In November
when il was believed the notwithstanding power
had been muzzled. Industries and trade revived.
The iron output increased "A per cent IN one
month. sales Of wool suddenly became larger
than the year before. shipments OF SHOES were
but II per cent less and earnings OF railroads
per cent less, and the decrease in bank clearihgs
was smaller than in either of three previous
months. Then came the Wilson bill. December
worse. January s;l worse, and February
has shown. on the whole Il heavier loss thah
any month last year. As Congress is slow to be-
love that it Is making trouble comparisons are
necdful To show what business actually is and
has been since the year begun. Through all
clearing houses PAYMENTS last week were II per
cent less than last year. in February 375 per
cent less. and for the year to date $40 per cent
less. Shipments Of freight eastbound from Chi
cago have been 3S.2 per cent less for the month,
and the number OF loaded cars passing Indian
apolis rs per cent less Western receipts Of
wheat have been 50 per cent less for the week.
and Az per cent less for the year thus far.
Earnings ~ railroads were IL per cent less for
the week and 1915 per cent for the year thus far.
Customs receipts were 1913 per cent less last
week. for the month 1913 per cent less. and for
the year i3 per cent less Shipments of Connells-
willie coke for the month show decrease of 80
per cent, and for the year 81 per cent. Takngs
Of cotton by Northern splrners for the month
have been G5.5 per cent less. and for the year
i94 per cent. Sales Of wool for the week were
3l2 per cent less. and for the year thus far Ala
per cent less
From these figures 1t appears that the actual
Improvement in business has not arrived. Gain
In some directions does appear, but increasing
loss in others The surplus Of unemployed money
in New-York banks silll Increases, and in spite
Of the withdrawal Of many millions by the
Treasury rates on call are about / per cent and
TO 5la per cent for sixty to ninety day ndorsed
bills receivable Exchange rises so that gold
could now be exported at profit If foreign
banks were not overloaded. Exports Of 5000 900
silver To- Europe, besides sales by cable for
future delivery have sent down the price Of bull
ion - 21I4d with ~. the closing, and 60 cents
the quotation at New-York The stock market !
Is SO stagnant that sixty railroad stocks aver
aged only cents on 800 lower for the week. !
Will" trust ks averaged only cents on 500 !
higher; half the entire sales for the week were ,
~ Two stocks. Sugar and Whiskey and Of five |
trust stocks +l30l shares were sold. Of the seven
most active railroad stocks only l25 26o shares. |
AMI ~ all other stocks. over a hundred In num-
Der, only 1886 shares. In the same week last |
year over 1000 900 shares were sold.
Speculation in products has been rendered |
more active hy the fall in silver. because folly is
no. confined - Congress. and in exchanges also
there are Popul!sis who imagine that cheaper
silver makes cheaper products. Cotton and wheat
fall because the supply is great. but have de-