New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-02-19

~ 90 o5o so4 in commercial value,
- $50 90 ooo oOo ounces and this emp'y"e "
tho Ar,orican product upon the worlu no o..
accounts for the lowest price ever 49,. ,,,,
for ,bis unusual outgo, the balance asa,n''
countrv being what 1t was, more 81 -,
have gona ont or else prices Oh 0 -
u,beo+ and other products must n''S -,
lou, opough to cause larger exports W.,
will happen when imports are g'eaN' ,..,
bv removal Of duties, instead Oh De''ie ,se-,.,d
nv exnectation of that change may o' .a
from tho fact that the decrease OF i"P
900 700 ooo in January or 80 per cent' anu io' ~
,os, .r weeks has been $40 100000, or 40 per cent
With fuIl imports the balance to be pau !" o0'N
would be enormous ,oo ~
wi.bout such especial coercion the PrlVe Va
,yheot has gone lower than ever, anu lo'
ar, thus far has averaged only 5000 GEMS 20
husheI at New-York. though IN fepiu"''' .,
II was 1851, and in February lS9Z' II was 49,,
con.s The Western receipts are not la -,
GOO 600 bushels for the week ana l'o0V'
the wear thus far against 23,OOOOOo last Se"'
tho fairy tales of short crop no lon5el
anvbody the exports from botn COASTS loi ~
,oo, having been only g. 1885, $50 bushels flour III
Guided against TO- 1871 last year. ho'"''"'
inc tho amazingly low price. and the visible
2
has boon 2 shade stronger, exports having Deeh
soo en- husbaIs IN January against 3l0l,6l5 last
wear and in seven months, 3',74s,'65 pushe'''
,, 90 e,t oco last wear No doubt the outgo
90 oor, Lessons 70 some extent the foreign oe-
,,and for wheat Pork products were not niue"
chanqed IN price but oats were slightly stronger
Cation has again fallen an eighth, with increaS-
inc evidence that short crop estimates deserve
-, confidence and that domestic conSunp"o"
doos NOT enlarge. Takings Of Northern spinners
In February have been little over third oi
last wears. and for the year thus far only l'o'-
500 bales against 2S6,674 last year to date a oe
crease Of 80 per cent.
Industries do not give the usual e'iue"0e'
OF Improvement. Cotton goods are "eaNoi'
and there IS a growing belief that many m"s
will have to close in order to let the markets.
catch UP with the supplies. though some soou'
have been reduced TO the lowest prices even
known Sales of wool at the three Eastern
markets were 4ll4,59l pounds. against o'S-o'9''
last year; and while purchases are fair at fnila-
dolphia and Chicago. there has been sharp
decrease in the demand at Boston ara New
York One OF the largest mills has closed ana
more OF the smaller than have resumed WORK.
The impression grows that stocks of goods con-
sderably in excess of the present demand nave
been made M and prices are weak. with eXpecta-
lions Of further decline In shipments ~ boots ana
shoes from the East the decrease for the week
vas 10 nor cont but orders are unusually small
and the market is extremely hesitant In tone WIN
low-priced goods greatly preferred. The adj
vance IN steel billets and pig iron at Pits
burg has been followed by a reaction, in spite
of largely increased orders for structural and
wire work. So that blets again sell at SIS 80 to
.bo TO between
makers has pushed prices Of most finished
nroducts OF iron and steel still lower many OF
the quotations given being far beyond all
precedent In past years. II IS significant that'
while scarcely more than half the Conneilsvile
coke ovens are at work the price is down 10
So cents per ton.
Domestic trade ms a whole. does not revive.
Payments through all the clearing houses last
week were about IS per cent smaller than FOR
the same week last year. and the decrease the
previous weel; was 33i per cent. The receipts
OF railroads reporting for the first week of Feb
ruary show decrease Of 10 per cent. while east
bound shipments from Chicago show loss OF
% per cent. Stocks were depressed by poor earn
ings and by disreputable performances In sugar,
but fell only % cents. while trust stocks declined
81 % per share. There is no difficulty about
getting money for business, but all over the
country the demand is light. and the little I'M
provement therein has vanished. While the
banks lost sll 600 coo from their surplus reserve
money continues to come in from the Interior
though the Treasury gained by its borrow
ings Since the last week Of January 1t has
added s3s 500 900 to its gold. s5soOOO0 legal tend
ers AMI s. 100000 Treasury notes. with about
81 900 900 silver, but the banks have lost only
s2S 900 900 gold and $ll0Oo.00O legal tenders The
trouble with the Treasury IS that receipts for
the month have been S62OOOoo less than last
wear most Of the loss being In customs. and II 1t
NAYS deferred sugar bountes. which are greatly
needed in Louisiana. sums due naval contractors
and other amounts due. 1t will have but
slender deficit with which to face some months
~ declining revenues. probably to be followed by
a tariff-for-dehcit.