New-York tribune., 1894-03-12

II also appears that from the statement Of
The Iron Ag," the stocks # pig iron un-
sold scarcely increased at all during the month
So that the consumption in all forms ~ manu-
facturc appears t. have been rather more than
CO per cent II the maximum There Is never
thcless continued weakness in prices. without
signs Of material Improvement in that direction
Pig iron IS about as low as It ever has been. and
plates and structural shapes have touched. dur
ing the past week. the lowest prices ever known.
There is noticed an actual increase in orders
c.ir.d but the aggregate is slll 50 FAR below the
capacity - works in the country that the
competition is as sharp as It eyer has been.
The increase in the sales Il wool support other
evidence that the manufacturers are gradually
Tuttnc moro machinery at work The fact that
the sales last week were little larger than for
the corresponding week last year means not
much. especially as the sales for hatwrek last year
were evr'ptunal!Y licht but for Eve weeks past
fnr aggregate hn~ beer o2 G)6a3l against 2G GS07-
500 l,si year a decrease of - per cent. Except
Ing November. when there was slight increase,
there has been 10 other month since May last
which did not show heavy decrease in sales Of
wool f'ut as stocks on hand last year were
full bu' this year are small. the sales do not
prove that the larger proportion Of the machinery
ia So, At work Tho imports for the seven
~ pounds against ol7i7G0S for the same
months = tno previous year. and the proportion
= dccrcas" in January was about the same In
dress goods and some worsteds there is more de-
manI. and also in some knit goods and carpets
bur the markets are stll very disappointing FOR
most mons woocus The silk manufacture.
after taking from abroad only 3i5 pounds
raw silk in seven months. ending with January.
against 52ll7Gi I'm the same months ~ the pre-
yious year. is also encouraged by a little larger
demand The cotton manufacture took for North
orn mills only $1,000 bales In the past five weeks.
against l15.000 i'm the corresponding weeks last
wear. ana while this does not accurately measure
production II IS evident from the decline I'm
prices ~ some wrll-known goods 10 the lowest
figures ever reported that the business is not
entirely satisfactory. The shipments Of boots
and shoes. according to "rhe Shoe and Leather
Reporter" were but iiS per cent smaller last
week than for the same week last year but the
preference for lowg grade articles is marked
and general before. that the decrease in
number of cases means p larger decrease I'm value
~ products distributed.
The passage of the Sc.gniorage bill could not
be- expected to help anything. and It il fortunate
that so far It has had little Influence II any
The financial world refuses to believe that the
President suffer such measure TO become
law. ana I'm general declines 70 indulge ap-
prchcnslon about any further monetary legis-
lation. Yet the bill might make serious dis
turbancc II ( should 90 into effect and there Is
no certainty that the Secretary OF the Treasury
does not approve II. The desire Of the Adminls-
tration 10 avoid the further issue OF bonds is
natural and makes the bill somewhat tempting
But It would not be politically delightful 10 have
second edition OF the monetary trouble this
year. Exports OF gold have not been large, only
$500 900 OF that metal and 100000 silver having
gone out last week. The imports OF merchan-
disc were about $1,000 900 smaller than for the
same week last year. or about 45 per cent while
exports growing larger and show a gain OF
IL per cent for the last four weeks.
Domestic trade represented IN cearngs Is less
disheartening. the decrease last week being 2S
per cent and IS per cent outside New-YorlS the
smallest decrease reported FOR some time. Some
improvement appears In railway tonnage the
decrease being only II per cent for last week
The loss in earnings for the month OF February
was 12is per cent. and slightly larger than in
January. but there are not enough returns yet
for the first week Of March to cast any light on
tbl situation. 1t is still evident that the increase
In business. though 1t continues leaves the vol
une much below that OF year ago, and there
is rather less than greater confidence regarding
the future since the Senate Tariff bin has been
brought to light The expectation prevails that the
bill will pass in any and will be followed by
disastrous consequences, but business men and
manufacturers Fastening all the more for
that reason to get what business they can com
pleted before the reverse arrives.
Lower salaries are what the city officials should