New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-12-17

bank plan does not look like an empty eo'"

h,rL nan does not look like an empty coinci-
dence -.
Nothing has occurred 10 change materially the
situation as to the chief agricultural proouc's'
Wheat has lost the gain OF cent during 'ne
first week OF December. and exports from poth
coasts i'm the two weeks have peen 9'f''o"'
bushels against 5.57305J last year, wniie the
preliminary statement for November SHOWS 'na'
total exports OF wheat and -four were only ll'oS'-
OPS bushels. against 12.24O,764 last year. WIZ"
docs not look much as II the SG.OOO.00O bushels in
visible supply were likely 10 be speedily disposeu
If Until two years ago the visible supply had
never exceeded about 62.OJOOOO bushels at any
time In the year. and al addition Of more than
third to the maximum Is not the KIND OF fact
which SPECTATORS are able to ignore Corn mas
declined over cents without much important
news, though receipts are now running quite
close 10 last years Cotton fell last week to oos
cents only an eighth from the lowest record, put
recovered to 5.75 cents though the quantity
which has come into sight in December Is already
al 49S bales. against $4,000 bales In the same
weeks of 1891. and splnners takings this month
have been less than year ago. Exports last
week were a shade smaller though the week
before considerably larger than In the same
weeks last year, but nothing appears to modify
the belief that the crop Is very large.
The iron industry reports for December 4
ueeklv output OF I6s 1872 tons, against 1862 666 No.
yember l. but the increase in unsold stocks dur
ing the month averaged more than 1l,Io0 tons
weekly 50 that the production seems to nave con-
yiderably outrun consumption before November
began Naturally prices are weaker, Bessemer
pig being sold for 80 - a. Pittsburg and Grey
Forge for 80 90 steel bets at SIS %. and bar iron
al only 90 cents, and wire rods are said to have
been sold below 81. The average Of all iron and
steel prices Is less than 80 per cent Of the prices
I'm the same markets in October, 1880 Few now
look for any Improvement until spring, although
some additional orders for structural work are re-
ported All the minor metals have been lifted in
price little. but by speculation. and not by IN
creased consumption. The boot and shoe indus
,rv has secured some additional orders at 2l2
cents per pair advance. though makers claim that
> To ~ cents advance Is necessary to make up
for the higher cost of materials and so far job
hers quite generally resist any advance, some re-
ducing or cancelling previous orders. Yet II is
commonly believed that the higher price must
come whether 1t tends TO check consumption or
not.
The announcement of an auction sale OF 2"0oo
pieces Of cotton goods causes much hesitation
and prices have been decidedly broken Men are
not unnaturally surprised that important mlIls
have on hand unsod so large a part OF the goods
produced and wonder II others are In similar
nosjtion Ionsdale and some other bleached
shirtIngs were reduced b the lowest prices on
record though with large sales a steadier tone
followed The recorded business In wooden
goods il SO far light hut considerable trade Is ex-
pected after the holidays. az manufacturers nave
been buying more than year ago. in two weeks
e6lO 200 pounds OF wool. against 7s512Oo last year
and loG2s 500 in 1892. Dress goods are in good
demand for speedy delivery and some are
shade stronger In mems heavy woollens and
knit goods uncertainty "a to foreign prices ana
undervaluations has some effect
The volume OF domestic trade does not change
much. payments daily through all principal c'ear-
Ing houses being 6 per cent larger In December
than las, year but 29s per cent less than In lss2
"Dun's Review" prints summary OF reports
from A large number OF employers. showing tha'
in the establishments at work the wages of labor
average per hand 1915 per cent less than two
years ago but about per cent more than last
wear. the aggregate payments being 1875 per cent
Iess than I'm 1892 Obviously most OF the con-
carns not now AT work would naturally omit to
make returns Railroad earnings In November
we're ner cen, less than last year, and 80 per
cont less than In 1892 but for the frat week OF
December there was an increase over last year
~ 2 . per cent Eastoound tonnage from chicago
IL very light In two weeks only 10000 tons against
lo7 900 last year and $4,000 in 1892 The average
OF railroad stocks closes substantially where IL
began the week while in trust stocks the aver
age IL so cents per share lower. Many expect
that the passage OF the pooling OIL VIII
strengthen railroads. but the uncertainty aoou'
the monetary future has more direc' anu po-
tent influence. which is likely TO last un''' 'ne
Administration ceases its attempt 10 reVoiu'oh'%e
the currency.