New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-01-15
MONEY AND BUSINESS.

Tho signs OF Improvement which all
! iovfully welcomed and men only wish they could
see more Of them. The volume Of business actu-
| ally transacted does not enlarge as distinctly as
! II did in November. Payments In two weeks or
January through all clearing houses are about
! % per cent less than last year, and the decline
in December was about 80 per cent. The do
crease I'm railroad earnings thus far reported Tor
january is "A per cent quite much as 1t was
| In December. There are as yet scarcely any IN
| dcations of an increase In iron or wool or cot
! ton or leather worked up into forms for use
! though with more machinery recently started
and more hands employed, such evidence should
appear very soon From the various cities. too
! reports are not entirely encouraging. though In
al quarters hopes Of better things prevail
/ "Bradstrccts" reports no Improvement at Phha-
delphia except that some leather ana morocco
factories have. started part time; no signs of gen
| oral activity at Boston; no Improvement In wool
len or cotton manufacture AZ Providence, a few
/ mills recently started In that region having
shut down: larger sales Of iron at Pittsburg. but
at lower prices; no gain at Buffalo Baltimore
! Cleveland. Cincinnati or Detroit: slightly more
/ demand for whifkcy at Louisville: better trade
In hardware and shoes. but less in dtyGoods and
clothing at -. Louis: and some signs Of improve
iucnt At ST. Paul "Duns Review" reports dis
| appointing trade since January at BOSTON gen
orAl dulncss AZ Philadelphia with the expected
gain IN morocco and other trades not yet realized
sparlug purchases at Baltimore, lower prices for
iron ana steel at Pttsburg improved retail trade
ut Cincinnati. and in hardware and rolling mill
products at Cleveland. more doing in car works
at Detroit. no Improvement In sales at Chicago
but a better demand for money. much encour-
agencn, and more manufacturing at ST. Louis
decreased output IL -four at Minneapolis and
larger grocery trade at Omaha and Kansas city
The Industrial gain IL small yet. In iron
and steel large and several small works
have started, but one large and nearly as many
small works have stopped. prices do not re-
cover but sink lower each week. and with an
output Of only 9907 tons pig January l. unsold
stocks increased in December 1857 tons The
Window Glass Association has decided 10 close all
factories until the tariff business Is settled. The
partial starting Of several large carpet works does
not outweigh the urgent appeals by all wooen
manufacturers in convention. and the stoppage
OF numerous woOllcn mills is announced Sales
OF wool In two weeks at three chief markets
have been 5.2Sl. 700 pounds against 1o,25S,700 in
the same week last year decrease OF As per
cent, whereas the decrease in sales was 394 per
cent in December Somewhat more trade than
OF late Is seen in cotton goods. and a more con-
ndcnt tone In boots and shoes. though actual
cent less than last year. The minor metals are
declining with the narrow demand.
Foreign trade Is not better. Imports at New
York for two weeks have been sl74S9775 In
value, against s25,j97,656 In the same weeks last
year, though a large part OF the difference Is
in coffee drygoods ard hides. Exports for two
weeks have been larger than year ago. but
mainly, 1t would seem. because of cotton ship
ments Exports of wheat from both coasts.
-four included have been $500 80 bushels against
6.3l6927 last year, and as Western receipts have
been only 100000 bushels against 100000, some
looked for rise. but the price declined 1as
cents, and Is nov II cents lower than n year
ago. The Government estimate that the crop
Is 1906 900 900 bushels Is rendered ridiculous by the
exports Of 100 900 bushels already. with 10000.
600 bushels in visible supply and prices sinking.
Corn goes abroad in large quantities, 3,227.3OO
bushels in two weeks Western receipts being
545oOOO bushels. and the price declined over y
n cent. Oats are nearly cent lower, but specu-
laton has lifted pork products little. Cotton
has also been hois.cd 3-l6 In spite of the fact
that receipts from plantations have been 296.6l5
bales this month already. against 24s.923 last
year. and commercial stocks are 1887 bales
greater here, and $4,000 bales greater abroad OF
American alone than "A year ago.
Railroad stocks have declined 80 cents per
share with decreased earnings. especially on st.
Paul, which Is taken evidence OF decrease on
other Granger roads not reporting weekly. The
proposed combination of railroads both east and
west of Chicago, with allotment OF traffic and
passengers, seems nearer adoption than ever.
but may yet be deferred for some time. Hope
of legislative favors has helped Sugar. Whiskey
and some other trust stocks, and the average
has risen "A cents per share. but gambling on
Gutenberg races is trine safer than gambling
on the action OF Democratic Congress. The
rapid rise in foreign exchange and free selling
OF American stocks by foreigners render the
market weak. though the condition OF foreign
trade would not warrant gold exports. Pre-
liminary statements OF breadstuffs. provisions
and oil exported In December aggregate ST.
C9GSo5 in 1893. against $685. 627 In 1892 but the
known exports of cotton, II reckoncd at current
prices. seem to have been about s35 900 in
December. against s27.75O.OOO in 1892 and II So
the aggregate Of exports will be not far from
$40. 10000 more than imports for that month