New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-04-02
MONEY And BUSINESS.

better feeling APPEARS since the veto Of the
Vacuum bin, both II the stock market and else
where. At no time was II generally feared that
the bill would become a law. so that the APP
prehension ~ 1t had an Insignificant influence
compared with the closing Of factories and re-
duction Of wages by tariff agitation. Hence
the removal OF that apprehension could not be
expected t. have great lasting influence, but
II plainly helps. Stocks advanced 81 per share
for railroads and So So for Trusts partly be-
cause Europe bought, money being overabun-
dant and exceedingly cheap abroad and partly
because spectators here had calculated on the
usual realizing and reaction after the good news.
and We're presently driven to cover How long
the improvement Will last how far II will go
is the problem OF the stock market. Other bust
ness has improved In tone rather than In volume
of transactions. as yet. without gain In prices
outside Of few speculative markets. and that
advance is mainly due 10 more or less belief in
bad news which, II true, would retard the future
recovery OF business
The moving cause in wheat was the story of
serious injury by the great storm. AS the
weather In some wheat growing States was
really extraordinary. the inference that the in
jury must have been serious was excusabe.
But It was winter wheat only which could be
harmed, and In the regions where the storm
severe the quantity Of winter wheat grown is
small. II much damage was done. there Is
yet little evidence OF It, but about April Fools
Day ii is always in order to have winter
wheat killed for the benefit OF beaed holders so
that the story may have been Of use in econo-
MIXING exhaustion Of inventive genius The
price rose about cents here. oats also advanc-
ing "A little. while corn declined cent Pork
and lard Illustrated the unreality Of speculative
prices by rising sharply while corn fell Wheat
receipts at the West barely half as large
as a year ago, and since January | have been
about 236O0 900 bushels. against 642 last
year. a decrease Of 42 per cent Exports have
been fairly large. in five weeks amounting -four
included, TO 1891 1880 bushels from both coasts,
against 1863 O9l last year But the visible sup
ply Is still 70 l64, 900 bushels and only 5000 900
less than a year ago. In view Of the phenom-
enay low prices the movement does not indi-
cate exhaustion OF supply.
Cotton also rose three-slxteenths. without any
excuse worth mentioning. In March 272427
bales had come into sight against 29S.524 last
year. which is not exactly the perpendicular
drop predicted and Northern spinners who
consume at full work about 100000 bales In
quarter have taken since January only 2933i7
bales. against 44s.6S3 last year. decline Of S46
per cent Exports in March have been 3579l6
bales. against 32l 9l3 last year. but foreign
stocks OF American are 254s0O0 bales, which
is about 900 more than all foreign mills Will
use OF American cotton until new cotton comes,
in September. Il American manufacture con-
tnues 40 per cent less than full. the Southern
planters will pay part of the loss in reduced
price Of their chief staple.
It IL very Instructive fact that since the