New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-11-19

hack again II the deficit for the past mohth
aho,,d continue. the s4OO0OOOO would be drawn
ont ~ the Treasury thereby in about three
roonths and returned to banks here or aoroau'
put mart and possibly large part, or the oo"uS
taken will go to Europe, either directiy vi
through sales by bankers here, ana tor "'o"ey
thus borrowed Europe Is quite hKeiy u ee"u
goods or stocks instead OF goid' leaving 1'e"
York bankers to get the gold Tor the iieaS"''.
Every day 1t grows clearer that the '@'"o -
bonds does not stimulate confidence IN the aoAi'y
of the Government, and that IL renoers a's'u'"
ing financial action in Congress more proo"o'e'
stocks have not advanced but the average tor
railroads has declined 81 % for the week. anu 'e
average for trusts has declined 81 So The oe-
crease in earnings is one cause and monetary
uncertainty another
With Democratic Congress. scent cotton anu
5O-cent wheat make almost anything poss'o'e'
Cation sold Monday and Tuesday for 300 cents
SPOT and 523 to 5.25 for November ana Dece,"-
her the latter rising to 532 at the CLOSE i''e
receipts from plantations have areaoy oee"
9os O4s this month. against 9S44l4 for the same
time last year. and stocks OF American IN sis"'
are now only 10000 bales less than at that
date in 1891. In that year, with crop OF over
q ooo Oo0 bales 47SIOl7 came into sight In three
,porths ending with November; this year though
,ha cron &c later 1861. 464 bales had come into
s,gbt Noven,ber 16 and last week l,Oo0, ana TWO
veels more at the same rate would make the
receipts 10 the end OF November 2ooooo pales
greater than in 1891 In short. the crop pro'iiS0'
70 he about 500 900 bales more than the worid ever
rscd Of American cotton in year. pesAue' '''e
15s9 asa bales Of old American brought over ro'"
,ast year Unless receipts abate low prices "ie
as inevitable as they are unwelcome. wheat au
vanced 262 cents mainly on reports OF large iee'-
, >, co.tIe Rut exports to date since July
b,ve hecn q 900 900 bushels less than last year.
and Western receipts 100000 bushels greater
notwithstanding the lowest prices ever KNOWN
and official and other reports or the worl"s
Weld outside this country Indicate that Il WAL
be the largest ever known.
One effect Of low prices was shown In the OF
ec,al renort Of exports in October, the amount
hoing $50 SIS 372 but 1t would have been S9o'ooo-
ooo but for the decline Of $40 62o9S6 in the value
Of cotton and 1898 Os9 in the value OF wheat
conoparcd with prices year ago. Dutiable I'M
norts were 500 1888 121, s65ooOoO more than las'
voar The imports at NewYork In two weeks
~ November have been 43 per cent larger imam
lac, year 5000 900 IN cotton. and S4SOOoo IN SILK
Tho reduction in wool duties does not take erect
until January The obvious effect OF such III
creased importations is tc lessen the demand LOT
products Of American labor and consequently
the power OF American laborers 70 puy eac"
others products. but at the same time the ireas-
urv finds It's revenue 90 short that IL proposes W
borrow Exports from New-York for two weeks
Of November have been per cent larger thah
lac. wear There have also been large sdies Vi
stocks bv foreigners said to exceed l1oov shares
last week while the shipment Of $l,ooo'ooo eo'd
fron, Europe in connection with the bond sale
involved palpahle loss. II it were not designed
TO he useful az a kind Of advertisement
The woollcn Industry is s;ill largely occupied
with the belated demand for winter goods but
gets few additional orders FOR delivery under ne"
duties after January l. and sales OF WOOL AT the
three chief markets In two weeks OF November
have been 1850 900 pounds against 9,265.57l last
wear. and 122S96OO in 1892 Since September
tho sales have been 5OOOO0oo pounds. against
40 600 900 last year and 100000 In lS9Z, Inc IRON
industry finds no Increase in orders and prices
decline Ressemer 70 $40 30 and Grey For; TO
.oe5 NJ ptttsburg and structural beams TO 81 20
sbo.t mills are well employed and there Is I'M
,rovad demand for wire nails. but the barbed-wlre
co,,nac, has been broken. and there are sus-
ricions that the rail combination has been also
| In secret though not openly. The makers OF the
cheapest boots and shoes have had all they can I'd
FOR some months. and the nunoer 81 cases
| shlpped according - the shoe ana Leather i'e
nortsr" has been 1881 cases. against llZosl
lao, vesr and l3O $40 I'm 1892 but goods OF the bet
90. GRADES are still neglected The cotton mills
oro increasing force many think not advisedly
"a the state Of the cotton market hlnders pui-
! chascs and cheaper goods are expected. PRINT
cloths do not advance and the market for other
goods IS dull with occasional concessions III P'0e