New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-06-24

Tho brighter crop prospects, which nave
stopped the rise In cotton and wheat. have
stimulated trade and industry In almost every
branch Thus the most experienced western
observers note A marked Improvement In the
demand FOR goods and IN rcpen!shment of deal
.rs stocks. which halted for tim" when tn"
great crops We're considered in doubt. Natural
Is the industries are helped by this enlarging
demand. the more AZ 1t comes at "A time when
business usually relapses into midsummer dul-
ness Signs II the customary shrlnkagc are not
wanting but are this year modified by the con-
tlnuance OF demand beyond It's usual time The
daily average Of payments through the principal
clearing houses which was slsi.soOeoo In the
whole year 1892 fell In June per cent lower
than IN May and II per cont lower than In Janu-
ary but this year - larger In June In either
of the months January-April. inclusive 269 per
cent larger than last year. and only So per cent
smaller than I'm 1892. II is of much interest -
notice also that the prices ~ commodities. now
but slightly lower than last year. average s3
per cent lower than two years ago. Much Of
the gain In business Is evidently due 10 renewals
II stocks for the extreme caution Of the last two
wears 80 far reduced these throughout the coun-
try that the first restoration of confidence In the
future inspires purchases largely In excess Of
current requirements. But Win gooi crops Il
heavy fall trade IL reasonably anticipated.
II IL true that the bettermcnt In crop prospects
might easily be misunderstood Fears Of injury
are now known t. have been much cxagger
ated and in most sections June has brought
satisfactory and rapid growth But 1t has TO be
remembered that much injury was done which
cannot be- repaired Not even the most favor
able weather can entirely compensate for the
Will yAt .plv
cut down the yield 60 600 900 bushels more. but
In some OF the States has been 40 general that
the purchasing power OF the people will be much
affected. Receipts OF wheat continue fairly
large. and the exports for three weeks have
been 7G3Osi2 bushels -four included. against
G924 1876 bushels last year. the Increase having
been wholly from Pacific States. the Atlantic
exports have been 100000 bushels less than last
year The Price is st too high fer large ship
ments though IL has dropped nearly 10 cents
from the highest and 4is cents the last week.
Corn has declined cent. and pork about IS
cents per barrel.
Neither can the most favorable weether make
up for the reduction In cotton acreage. which by
itself implies decrease OF about 100000 bales In
the Yield and will he felt more seriously by the
producers In some States II the rains recently re-
ported deprive them OF Il fair return from the
acreage left The speculative reports are ex-
travagant and hysterical that nobody puts much
faith In them, but the loss may be considerable
nevertheless. II 1t were not for the old cotton re-
naming producers would gain more In price. but
Northern mills have certainly and Southern prob
ably taken more cotton already than they will re-
quire for the rest OF the crop year. European
spnners held about 900 bales (of 400 pounds)
June /. according to Ellison. and besides the COM
merca stocks here and abroad are 3.029.l7s bales
American and 40S.2OO other cotton. British ex-
ports of goods 10 all countries In 1895 to June
were 100000 yards against 2.22s, 900 yards
last year TO the same date a decrease OF about Ga
per cent
The manufacture In this country IL thriving.
and further advances were recorded last week In
mary kinds Of goods. few strikes interfere but
on the whole surprisingly few. The woollen mills
are also working out OF their labor difficulties.
and the demand for goods looks a shade better.
The Washington mills advance prices 2Is cents
over last year for their Clay worsteds which gives
encouragement that some other advances may be
made. though In most goods the foreign competi-
ton prohibits and some Of the cheaper grades