New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-08-20
uONEy tNU HTNTNESS.


denly sweiled to a food. But It does not follow
,ha, af,er the accumulated water has discharged
Itself the flow will be- higher than II was before
the break came For more than year business
has been damned up by uncertainty about the
tariff 4 great deal ~ Il has evaporated and Will
never he recovered. But much more has been
only POSTPONED from week 20 week. and begins 70
move with "A rush ~ tn. dam 81 uncertainty ~
SVEN, AWAY For II IS everj whore assumed mat
the pending Tariff bin .vill become a law and the
preparation for business under its provisions al
ready causes a considerable increase In trans
actions and in offerings ~ commercial loans
When Il Is considered that within m" last har
year payments thr ugh clearing houses nav" b en-
ab0u, $4,000 100000 loss than In fnl half year
ard that considerable part # the business may
have been only deferred and may try to crowd IT.
self into n month or two. the likelihood 81
temporary hood is not remote.
Whether the people Will be able. after the food
~ postponed buying has passed. 20 buy and con-
sumo as much they did before the disturbance
Is really the question upon which the future de-
ponds when the rush has passed the buying
- the people will be determined by their wages
These have been largely reduced during tho past
year and further reductions have begun. In the
pott.ries as much a. 20 per cent Is said 10 b"
necessary. The ran llN"r cotton UlIIS nfpp'S"
10 per cont but the weavcrs vote to take
months vacation. compelling the mills 10 close
while the ew-Bcdforl hands vote 10 strike
Within few weeks. II the Tariff bill goes into
effect changes In the earnings ~ labor will be
numerous and these involve loss buying for the
future
Higher prices for the necessaries of life also cut
of par, ~ the money available FOR other
hn
for corn AT the West. people who Will probably
have TO pay cents instead Of ~ cents FOR granu-
lated sugar or about 81 80 more for every family
will have less left 10 Jay for other things. The
varying reports about injury To corn have caused
wide fluctuations, and the price Is about cents
lower at the end than week ago. though
cents higher than a fortnight ago II seems TO
have settled above that paid FOR wheat. and 1t is
generally believed that the yield has been dnin-
ishei as much as 800 600 900 bushels by drouth
Wheat has also decllncd over cent FOR the week
with heavy Western receipts, and exports from
both coasts for three weeks have been only
1915 0si bushels against l6 7G9 9ij bushels for the
same weeks last year. Western receipts In Au-
gust have been about 100000 bushels against
10000 OOO bushels last year Pork and lard are
also higher and their advance is a natural consH-
quence OF the shortage in corn. The drouth has
undoubtedly added much TO the future expenses
Of the people for meats and dairy products.
The cotton year Is nearly. ended. with over
400 600 bales I'm sight from the crop OF lS93 and
about 100000 bales exported against 100000
bales last year The decrease In stocks OF Amer
can here and abroad since August ! has been
about $4,000 bales against l6i 900 bales last year
Spnners' takings for the year are reckoned at
1872 900 bales less than last year but how much diff
ference there IL In stocks NJ mills does not yet APP
near The average price for miidling uplands at
New-York In August thus far has been only 500
cents against s01 cents In January, which reflects
the general belief that the coming crop Will be
large Sales Of wool have been checked since the
Tariff biz passed. but the woollen mills have until
January the Mckinley duties goods with
wool free OF duty. and they are naturally taking
all the orders they can get which can be executed
within that time. Their difficulty IL that buyers
are not corre.pondingly anxious to order. espe
cIally for spring goods. because these will have to
compete with foreign goods at prices yet unknown.
Both in cotton and wooen goods increased ac-
tivlty has been seen during the last week. largely
In the nature Of replenishment OF exhausted
stocks.
The boot anu shoe industry Is pretty fully
employed to meet deferred demands from dealers
whose stocks have been drawn down as far as
possible and the shipments from Boston. accord
ing 10 THE Shoe and Leather Reporter" have
been 49, 1875 In two weeks Of August. against
I2i 9l7 last year ard 1852 In the same weeks
Of 1892 While most OF the shops are running
with orders only for short time. these orders
are at presert quite free The iron ard steel In
dustry is materially helped by the closing OF the
coke struggle at Connellsville. but the works
there are AZ present much troubled by the lack
of water which again retards their resumption.
Several iron furnaces have nevertheless resumed
work In the valleys and II is encouraging that
the prices Of pig iron do not yield. although the
output has been considerably increased. But
prices OF manufactured products are In some
cases a shade lower which indicates that the de-
mand Is not yet great as the works already In
operation are able TO meet
Stocks rose an average Of f2o2 per share
lat weak for rsiwayA and Sl.se Der share