New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-01-21

of imports this year. and to corresponding dates
for three previous years. shows how considerable
has been the decline in imports other than Dry
goods: o
5s,s ssSS @
All other SIS 1906 sieoosi2o $4,000. 4oa se2i"''a
The indisposition or inability of people to con-
sumo largely is the central fact Of business al
present. But for that the flood of unemployed
money from the interior, s5,50OOOO last week ana
about s11 900 900 since January i, would not De
making good to the banks all their losses py ex-
ports Of gold. The same state of things aHects
railroad earnings. which have been about 10 per
cent less than last year. and II per cent Tess
than i'm 1893 for January thus far' Inc more
accurate test Of the business actually TRANSACTED
Is the record Of payments through c'e"i ''o
houses. which have been for three weeks apo''
s3 COG 900 900 this year. against Sz'o'o'VVV'VV los,
year. s4177 10000 in 1898. and S4'lSz'ooV'V'V ~
1892 The average for each business oay III jan
uary thus far has been 36 per cent larger '"a'
!. uos ,aat vear but 2s3 per cent less than IN
1899 and 27.2 per cent less than IN Io'-' ~
every intelligent man 1t must be ciear '"a' '"e
daily volume Of business transacted must cor
rosrond annroximately with the decline In hands
emn,oved and wages paid, and that the only
road to sure recovery is through return OF hands
to employment and Of wages to the FORMER
standard
Speculation in wheat has turned down"aro'
the price falling IL cents. although western re-
ceipts continue small. but since July they nave
amounted to 11s275.S sol bushels against lls'ozz'-
400 the previous year. 1t is urged that THIS does
not indicate largely increased yield out II Is
obvious that. with the price about the io"es'
ever known during most OF the season. Farmers
have had every reason to hold much wheat
az they could and to ship as little. The foreign
demand is not strong, and Pacific wheat Is going
forward at surprisingly low prices, but the to'ai
exports from both coasts for the crop year thus
far appear TO have been Ss,OOo0Op Dusheis'
against lO5. OoO 900 for the part Of the pre-
vious crop year. The price OF corn mas iaiieH
Ia cents. though no change has appeared In the
out,ook Cotton has remained at 81 cents. though
the quantity coming into sight continues larger
than in any previous year on the 18TH ''f"o'oi-
bales had come into sight, against 6'sS2'ols on
January q 1892 after the crop OF 9,OOo000 bales.
The exports have been larger than in that year,
41es 764 bales against $685. in 1892 and tax
ings OF Northern spinners have been very httie
smaller. but stocks Of American cotton here ana
abroad are 1905 453 bales. against 4,2ohl5' at
the corresponding date In 1892
The strength in stocks during the past week.
lifting the average As cents per share In the race
OF large exports Of gold. would be more surpris-
Ing II there were really any market. out VIII"
total sales Of 100 900 shares day or less IL does
not take much effort TO stiffen prices wheh
money Is abundant and cheap. The earnings
appear less favorable for the second than Tor
the first week OF January. but 1t Is not the Idea
OF most holders that the railroads are going 10
earn better dividends until after new crops
come In times when business Is BAD vast
amount OF capital is turned from commercial
or industrial employment to almost any invest
ment that promises to pay something so that
there Is a constant though narrow demand for
the safer bonds and stocks
The iron Industry shows a rather better de-
mand partly because the Blackwelrs Island
pr,dge and some smaller contracts have been
placed but there seems no substantial reco'-
cry in prices. and at Pittsburg. indeed the only
changes reported to lower figures IL Is
stated that the total shipments of steel rails
have been only 725O0O tons in 1894, and that the
orders for bar iron and for barbed wire are
ain counaratiyely light. The boot and shoe
manufacturers are generally approaching the
.rd ~ orders received. and no better disposition
IN huv at the advanced prices demanded has YET
been shown Shipments on past orders, accord
ING To The Shoe and Leather Reporter
1898 cases against 1850 two years ago.
continue larger than in any previous year out
there Is increasing doubt whether ACTIVITY III
The manufacture will be long supported Deal
incs in wool have been quite large lo'o's'olo
pounds in January thus far. against ll'ss"soo III
1893 but the opening OF heavyweight "oo''e"S
annears thus far to indicate "A decline or about
: to 10 per cent in prices. Cotton goods are also
depressed. print cloths having sold at 2la cents
the lowest quotation on record ana ieadihs
ginghams have dropped to 4is cents but the
,ransactions are said to be fairly large. In
general the condition Of the great Industries
10 somewhat more satisfactory than in Decem-
her though there Is as yet less improvement
than was expected after the new year began.