New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-06-10
- 1nr n,uv rRmNr MONDAY JUNE TO- Isoa-TEN FACES

mates which are usually considered fairly trust
worthy put the decrease III "i"'e'
go ocO 600 bushels. but admit that spring wheat
mice. h.,or than usual ana these are from
authorities which estimated the last crop at
.,o ooo ooo ., zoo 600 900 bushels. With over 3D.
600 900 bushels in visible supply. and at THIS sea-
49,, oor,o,r,v moro than half as much invisible,
tbere would be wheat enough for all propao'e
demands during the coming year, even IL '"c
estimate were true Western receipts. not large
.., ooL havs been considerably larger than
last year since May ], while Atlantic exports
-four included have been In the same tii"e ''i-''-
200 bushels. against 1o5O4.39l bushels last year.
IT., ours. Of the market has been singular
Touching 5lH cents last October. the price rose
>, co comic N November 81 cents in December
and eoiL cents In January, but fell back 10 %
cents in February and only rose to GIN cents IN
March Anr lifted It to 6SE cents, but by the
,sc,rd week in Nav II had declined to 81 cents
and has since risen II cents to SO cents. Cotton
raoorded the lowest months average ever known
In February 562 cents rose to 6O7 cents IN
March and 500 cents in April, and averaged
7 cents in May touching 1877 cents two weeks
oro hut has since halted about 7.25 cents.
The stocl market still shows much distrus'
~ disn,al crop REPORTS for while the average TOT
railroads has declined 80 cents per share last
waek and AZ cents the week before. 1t has not
lost half the advance Of 81 81 per share In the
woax ending MAY /, and the Granger stocks
eth avera 70 10 cents per share higher than May
+, Tho Trust stocks fell off 55 cents per snare
In the average. Cordage being the principal SUI
ferer Earnings continue about IA per cent
less than in 1898 but In May were "a per cent
,aroer than last year. end the disclosures IN
cordaee doubtless had a general disqueuns
,narence London sales were perhaps more
potent. and may be due in part to crop accounts
but foreign purchases OF bends continue. ~
risc in foreign exchange Is not unnatural, with
an adverse balance on securities, and with I'm
norts for the week 70 per cent larger, ana eX-
norris nearly 50 per cent smaller than for the
"a me week last year. but last years trade was IN
ALI WAYS abnormal. 1t remains the fact that dry
goods Imports though smaller than some time
ago are larger than in any previous year at
this season, while prices tend to stop exports Vi
the principal products.
Most OF the Providence mills have been able
To resume work, and sales OF wool continue
larger than in any previous year, although
Western holding for higher prices has caused
large purchases Of foreign instead OF domestic
wool With the lowest prices ever known. "oo'
growers do not see that the manufacture Il
working largely without order" beyond shoil
time and has as yet no assurance that us pres
ont production can be maintained. while the ohiy
change IN prices u goods is downward cotton
goods are .til advancing little by little with Il
fair demand FOR the season. The shoe manufact-
ure is also turning out more cases than ever AZ
this season although mainly Of the medium ana
| lower grades and the advance in prices mas
! checked demand for boots and some KINDS OF
| shoes But In the main this industry Is highiy
| PROSPEROUS The iron manufacture Is advanc-
ing wages generally in furnaces pigiron nav
| ing risen materially. Bessemer 10 Sl2 at Pits
! burg other advances mostly moderate nave
/ been made IN finished products. but recent deal
! ines have been 80 far stimulated by expecta-
ton ~ rise IN coke that ,hcy may not be a
safe guide.
II II proves true that cotton yields only about
1000 oo) bales ana "A quarter of the winter wheat
f. lost I, may be doubted whether business
prospects will continue as bright as they are
Large stocks OF both crops prevent very great
rise I'm prices next fall. and when returns OF
| farmers are restricted Il is difficult to sustain
any material advance In prices u manufactured
products But all prices nave been at point 50
unnaturally low that considerable improvement
would be- sustained. under untoward cir
| cumsiances Meanwhile nobody Is ever com
PEELED 10 believe all the crop reports that may
| bc made In May.