New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-11-25

.,.s .,ono for months IN the BELIEF tha'
. largo movement OF cotton and grain IN NJ
,,a,,bor v,ould souare accounts. But the UNIV
IN. como for settlement. Cotton exports u"
November even at SAB per bale, were !" '
"a 600 900 less than cotton exports IN inc '
weeks of last November, at s29 per pa'e'
,,rtic exnorts uf wheat are fmaller than
year ago The reported volume OF i'npo, 90
New-York for three weeks has been so''I''VVV'
or oon nor cent more than last year, and the
actual value, after allowance for under '","
tons !s probably ~ per cent greater '"''"
last wear In December OF the last three yeh''
gold has gone abroad in spite OF heaEs 60
cess of mercba ndise imports In each month. ana
this year a similar movement might pe VI"
more expected because the merchandise account
10 ul,eIv IN no less favorable. Hence IT Is nor
generally believed that the outgo OF gold VIII
caase though the stress in the exchange mar
ret has been much reesed by shipments OF
the last two weeks.
Domestic trade as respects settlements through
clearing houses has been less favorable III >o-
vember than in October or September the en-
changes being 1913 per cent over last year - o".
1871 per cent less than in 1897 But ueiNeiie' "
products as indicated by railroad earnings anu
tonnage are just now larger than IN i''-' 'o'
the first half OF November 0.6 of per cent ana
1913 per cent greater than last year IL IL DIT '"''
sucb noInts az this that some definite measure
~ new business is the ore thing to be desired
| since new orders are without doubt rehiarh""'S
small so that many works are ciosi"s' ~
though the output OF pig iron November WAS
much the largest ever known, and the repor'e'
stocks unsod exclusive Of those held by the
great steel companies. showed a decrease ior '"e
month. falling prices plainly indicate that new
10, ttnttt
IN prices averaged over per cent for the week
and is now per cent from the nlghes' Po'"'
reached in September. anthracite and Bessemer
pig and bar iron having declined. although the
combination holds bar IRON above the market
nrice of steel bars Scarcely anything is done IN
rails and the nail business is extremely stag
nant since the phenomenal advance In prices.
There is a somewhat better demand for boots
and shoes as there ought TO be- since II Is beyond
the time at which deliveries for tho new season
usuallv begin Some manufacturers have re-
duced their prices for various womens SHOES
about per cent, and for mems split shoes apou'
! per cent but the trade looks for much more
radical reductions and generally refrans from
| purchasing There Is also the reason that the
dealers throughout the country seem to nave Oh
| hand as vet considerable stocks bought When
! prices were mounting Leather yields very HI
tie although hides have fallen almost thlrd IN
| average price since July /. Cotton goods also be-
| gin to show some tendency to weakness, ana
| British exports in October fell over per cent
! COMPARED with last year though the mills mere
have kept active. The reduction In prices OF
| Sloane's carpets and some beavers and kerseys
balances the advance by two makers OF Clay
worsteds who. II is stated have stipulated that
BUYERS should have the benefit of any reduction
| ha 40 np n.
The extent or force of foreign competition 1T
woollens is not shown yet. but may doubtless
be measured with some accuracy after the Lon
don sales OF wool have opened this week.
Prices in speculative markets have not changed
much though cotton has advanced shade. The
decrease in quantity coming into sight In Novem-
Der Is 4l.5 per cent and In quantity exported Al
nor cent and takings OF Northern spinners are
! 30 per cent smaller than in the same month last
| wear II II were certain that receipts were not
artifcially retarded by farmers organizations,
which have so openly appealed to producers to
keen back their cotton fci the last three months,
the situation would indeed indicate a remarkable
decline in yield bat IT Is practically certain tha'
to some extent at least these combinations have
| been effective. As traders cannot know to what
extent they are naturally slow - make bargains
! The market for wheat is practically just what IL
has been for weeks with Western receipts about
| double last years and Atlantic exports not quite
as large as last years. The price has declined
only q fraction. Corn and pork products are also
| lower for obvious reasons and the general range
Of prices for farm products continues remarkably
| low