New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-04-08

new and more effective conspiracy against
consumers OF coal.
The actual business of the country ls OH 'ne
whole, more accurately shown by t'e ud"S "
erage Of exchanges through principal u'e"'"o
houses than by any other indication i"ese
changes are a little better for the hIS' WIN "
April than they were In March, anu III ~
gained II per cent over last yea'' "e"'''
per cent In February and SO per cent Ill 1anuay ~
but were still 256 per cent below 'ioSe VI i0''
while the loss in February was 1873 per cent ana
in January 29.4 per cent. AS II 10 .o"''','
reasoned that most of the difference In volume
of business must be due to the fall III prices ~
is we'll to state that the same quantities """
Qualities of several hundred articles couid nave
been bought April for .9S1 this year, ssZ'o''
last wear s93 go in 1898 and $SS1O In le9z. Di'iu
ing the daily clearings by these hgures' repre-
senting equivalents in price. we get the ioo"
ing figures. representing quantities OF produc'S
included in the business of March each year,
namely 173 this year. against lou last year -V'
in 1893 and 2O6 in 1892. Thus the business III
quantity is about 81 per cent above last yeai D.
14S per cent below that Of 1893 and 10 per cent
below that Of 1892
"Duns Review OF April has three pages OF
returns from all parts OF the country east OF the
Rocky Mountains showing the volume or retain
trade in March in many branches OF puslhesS' do
comnared with the same months last year and in
1893 and the increase over last year Is, on the
whole surprisingly general and satisfactory. II
s smaller everywhere in drygoods and Millinery
and at many cities there Is decrease, because
Easter came In March last year, and the bacH-
warlness of the spring affects nearly all trade
while the fall in prices makes an apparent de-
crease in some cases where quantities sold have
increased In spite Of all this the general IN
crease over last year seems t. be nearly II not
quite 10 per cent. thus corresponding CLOSELY
with the increase in wholesale trade Indicated oy
bank clearlngs. That retail sales are smaller
than in 1893 also appears. although IN some
branches Of trade and at number or cltieS
the volume is said 10 be fully as large as
I'm that wear The recovery In actual distribution
OF goods TO final consumers Is at this time more
important than any other change recorded, be-
calIse Il provides the basis for future manufact-
and trade.
Speculauon has not been rampant enough TO
swell transactions decevngly. and has rather
Jagged both in stocks and in products Railroad
stocks closed 90 per share lower for the week
though a shade higher than on Thursday ana Fri
day the failure Of coal companies to agree weak
.ning Jersey Central and other coal stocks. while
unsatisfactory earnings affected all The earn
ings in March Of roads within the United states
show n gain Of only tenth Of per cent over last
year against six-tenths in February and per cent
I'm January but compared with 1893 show loss
II 1871 per cent against 1873 in February and 12S
In January. The Eastern roads show comforta-
bic gains and the Southwestern, while the West
ern and the Southern roads show losses Trust
stocks slightly better FOR the week. though the
closing of several large refneries depressed sugar
. cents. Wheat is in much the same torpid condi-
ton. bat closed shade lower for the week. At
lautic exports are quite large. and for 1870 thus
IA have been only 600 900 bushels less, with Pa
cnc exports about 100000 greater. than last year
20 date. while Western receipts were remarkably
small last week and FOR 1895 thus far have been
nearly 100000 bushels less than last year But
all this does not I'm the least overcome the inhu-
cuce Of visible supply II 74OOO.0O) bushels in
ATril. and the certainty that last years yield was
far gr, alter than officially reported.
Cotton grows stronger, because somebody dis
covered "A sudden drop in receipts. But the fact
IS that S5s4j bales came into sight the first six
DAYS OF April against 3657 in eight days Of April,
1897 and 52S7l9 bales came into sight In March.
against 1906 In 1892 II April there has al
ready come into siSht 9.lll G3l bales-l00000 more
than he largest crop ever ra. ID IN any year ana
after this date from the last big crop over 100000
bales came forward. The naked facts are the only
reply needed 10 the assertions industriously made
for months that the crop had been overestimated
ana that receipts would suddenly diminish
Whether prices will % mp or down does not depend
/ any longer upon facts but upon the opinions "
those who are betting the extent Of decrease in
acreage this year The visible supply here and
abroad has decreased since March 800 600 bales
aga'us, iiiooo in the same part Of 1892.
The sale II p 10000 tons lake ore ~ T. per cent
advance In price. the advance ~ Bassemer pig TO
SO g. Grey Forge 20 80 o. common bar - % cents
and angles t. 81 % greatly encourage the iron
trade. although the advance from the lowest poin,
has We, been slight From October. 1890. prices Of
iron and steel and their products declined 36.2 per
celt {, January l. 1894, 452 10 January /. 1895. and
40 To February 5. 1895. but have now advanced
So far that the fall snce 1890 is only Al per cent
The tendency toward better things is the main
point In shoes the advance In price is more gem
orally accepted though orders are smaller than
usual. Sales OF wool last week 6G,5 100 pounds.
were about the largest on record for this time "
| the year. and above the weekly average OF con-
sumption at It's ma xiuum. and II is clear that do
nestle mills with great courage meeting for
eign competition in many lines Of goods which they
had not expected 10 produce AT all. They have
the advantage OF a market unusually bare and
I Consumers who have FOR two years refrained from
buying to an unusual extent. The demand for
cotton goods is also better. with some gains in
! price
Failures in the first quarter OF 1895. as reported
by Dun q Co.. are classified as follows:
Number. Az liabu. I.lahtes '05. Lab ties -
Trading .......3iO7 $N.aGi s2i.D7n.S9i Stl 100 is
Manufacturing. tSl 3l.uSn ~ .S399l IS 10 l32
other tOm'l.... 3G.5NG i.GNy.IpN 226T, OlJ
/ Banking ....... 81 3623S6 t2d>2.331 3is2. So
The great decrease in the trading and manu-
featuring liabilities is highly encouraging. and
is brought out by separating from them the
"othcr commercial" which includes brokerage
| and speculative concerns and the banking fail