New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-12-02
MONEY AND BUSINESS.

,,, I'm. the latter part Of the month showed de-
cidedlv less Improvement compared win last
,aar and more decrease in the volume OF DUST
ness compared with 1892 than the first part OF
the month, so that the daily average Oh "a"
changes in November was 1873 per cent sie''e'
than last year, against 235 per cent III Octooe'
while the decrease compared with lo'I was i''-
nor cant comma red with 12.4 in October, and 80
| in September Railroad ef rnings for three weeks
of November showed each week dlniiiiisi'i'is
Increase over last year, and yet the total 10 o''
! one-tenth of per cent smaller than III ''ie SUI
weeks Of 1892 The tonnage movement from N
cago eastbound Is the largest yet repor'eu io w
month and % per cent more than in 1892, wheh
there occurred considerable decrease No'"i'"
standing the session Of Congress. which many eN-
meet To influence some Trust stocks undesiidDiS,
there has been better tone IN the ra''oau
| etocks with the average One-third or per cent
| bioher than a week ago while the Trusts are as
q whole practically unchanged. 1t is hishiS
significant fact that not trace or apprehehsio"
appears to be felt regarding the session OF |o"-
gross and its influence on general ouSi"e'''
though for four years past markets nave pe''
distinctly affected as each session approac"e'
II Is not supposed that the changes oohle'l'p'a''
| bv a Republican Congress will be OF 'he Kihu -
do mischief.
In other respects the business OUTLOOK Is u
cidedlv less threatened, either py h"ai'ia
troubles growing out Of the Kafilr craze OF u
! political complications in Europe, or oy eApoiN
of gold from this country. The Dig specu'"'io'
| ohroad has resulted in enormous losses in the
! market value of mining stocks, ana "h'le II 10
imposslble to know at what point those had pur-
chased who were holding at the time OF collapse
| Tho extraordinary a.tivity two or three months
400 warrants the inference that great part
| ~ the shares had changed hands not long pelore
| ,ho break came ".he London Economist says
"There can be little doubt that some OF the
| "shrewder operators had been quietly uhioauihs
"for some weeks before the collapse TOOK pia'e'
passing on their holdings to more sangulhe Spe0-
"ulators" 1t then shows that the DIVIDEND pasi"e
| mines twenty-five In number, dropped IN marNet
value from f3s, 564, 400 to f3l5S6sOO or ABOUT 10
nor conf while Of the non-dividend payers Ia
are enumerated which declined from tll5'Zz''Vf'
to f7127995O or about 81 per cent. frac'icaiiS
$3.50 900 600 Of property vanished IN '"ese wv
us,s and in addition sll4, 100000 more went In the
land and banking concerns, in when the ueo''"e
o,so averaged S6 per cent Such losses of ne
cessity disturb finances and business eNte"sNelS'
even in the older and richer countries but the
| .,,,a annaars n have passed its acute point,
90 that fears Of things serious have nearly dis-
appeared
since nobody can tell from hour to hour what
tba Turkish trouble may bring, perhaps the
diminished apprehension in financial circles may
be attributed 40 a growing impression 'i"' INC
great Powers will be compelled TO act ON! as
! thev can actin accord-and If so, while CIVIL
cation may again be dishonored by the I'M
sneakable Turk there will be no real war or
effective intervento.. It Is Increasingly douot-
IN, whether any trouble in Turkey would very
much disturb the business relations Oh 'hiS
country Outbreaks Of war in Europe have
more than once made American securities
osnaciallv attractive to foreign investors, and
the exports Of gold last WEEKS DAB '25-would
have been about 81 100000 larger had not that
amount Of Georgia Central per cent bonds
haen nlaced abroad But, in any case, the
| outeo would have been less than the previous
week though no especially satisfactory change
| occurs In the merchandise movement.
! Cotton does not go abroad largely only 49,
5s7 bales for the week, against 2billo Tor the
same week last year. and in spite or the great
! advance in price. the decrease in this one item
| of exnort must have been about $2,20O.0Oo for
the week The receipts from plantations
! 1877 bales for the week, against ol%olf iast
vear--were indeed. small, and for the month
have been only 1,225.000 against 2Oi5'Ooo last
var q decrease of 40 per cent, and as
! about half the last crop ndu 'OinN iit' 'ioHS
at this stage last year. some find In the COM
arson an indication that the yield VIII eX-
coed 100000 bales this year. But the circular
inst published by the Cotton Growers Associa-
tion reminds all concerned that the receipts
from plantations have doubtless been restricted
IN some extent by that body. Northern spin
ners have taken 2S2.O00 bales In November,
against 534 900 last year The wheat receipts
on the other hand. continue relatively FAR IN eX-
cess OF the export demand, as the western
receipts for four weeks have been 29so2,olz
bushels against Is, SSO07S a year ago, while In
the same weeks the Atlantic exports. flour in
Guided have been only 6,265,O1S bushels, against
6742 496 last year. There Is not much change
in price nor much TO be expected while SINH
lar conditions continue. nor can 1t we'll be ex-
pected that gold exports will stop while exports
OF products are thus restricted. The imports or
merchandise for the last four weeks at New
York show less increase than for the previous
months but still about 20 per cent.
It is not the season for the highest activity
| in industries, but neither weather nor business
conditions have favored such activity except
in the heavy goods where deferred cold and
storms have helped In the MAN. retail distribu-
ton is fair and If it were following anything less
, phenomenal than the enormous wholesale and
iobbing sales of the summer would be quite
satisfactory. but 1T does not yet suffice to clear
off the heavy stocks laid in while prices were
mounting upward. Nothing else is needed to
explain the almost universal decline in new
demand for products OF the great industries
and as a natural consequence. prices tend
downward, ever cotton goods falling something
| like per cent, it Is estimated. and shoes two
and one-half cents for mems and two cents for
women's grain. with some other concessions
while leather Is a shade lower. and hides have
declined nearly half a cent more all around
Iron products still decline, Bessember pig TO
sl2 S. and Grey Forge to % at Pittsburg.
and finished products quite generally sold
holn oilnf a Cnnnnr q nd