New-York tribune., 1895-10-14

boots and shoes are about finished and there
are no new ones, while Union leather has de-
cined two cents and hides at Chicago are lower
and average the lowest since May 7.
But while new business Is scanty, the mills
are doing great work on the orders taken some
time ago. The output OF pig iron october was
the largest ever known-201.414 tons weekly
against 1874 O29 September land in spite OF the
yielding in prices most Of the works have or
ders for some time to come, many Of them taken
at top figures That some not thus supplied
appears from the fact that they are bidding
for new business at lower prices. The cotton
mills are working TO meet demand which has
been greatly stimulated by the rise or goodS
and raw cotton and some of them still nave
large stocks Of cheap cotton to work upon, but
many others are now obliged to buy at mgh
figures, and 14767l bales have been taken Dy
Northern spinners since September l, against
2O1, ,794 for the same time last year The "ooheh
industry has a fair demand for dress goods by
no means as large as usual while for mems
woollens orders are limited that the Closing
of many works Is expected Trade Journals
note that the rush OF demand is so great abroad
that mills cannot find enough hands, ana are
actually importing wool from this country, over
200 900 pounds Montana wool having been ex-
mand here has not prevented decline In price
averaging over a cent since August l. Sales are
large, and because far beyond the consuming
capacity OF mills II all were at work, are evil
IDENTIFY speculative In character
These Industrial conditions, II for the mo-
rnent not fayora ble do not prove that better de-
mand will not come when the enormous quanti-
ties of products ordered purchased while prices
were mounting rapidly have been taken by con-
sumers For the time. nearly all traders nave
taken more goods on the rise than they can I'M
mediately market. The question how much they
will be able to market and at what prices Is the
one on which the future Of business largely de-
pends 1t is encouraging that all trade reports
indicate a very fair and in some cases decioeuIy
active retail trade in the Interior
The present demand at the South is good. al
though collections are slow, many holding DacK
cotton as long they can. In view OF this the
quantity which has come into sight In OCTOBER
575s73 bales not 16 per cent smaller than FOR the
same weeks last year-clearly merits attention.
rf tho crop were as small as many believe, de-
uyeries would hardly be but 16 per cent less than
from crop Of $500 900 bales But it is true that
much cotton has to be sold early TO cover the
debts Of planters 80 that receipts may presently
decrease The deliveries OF wheat are also far
too large for the official crop estimates, aItnouSh
those have been screwed up trife OF 3OOOOOoO
bushels or So Western receipts were l39O5s6S
bushels in two weeks against 9,l11,2s5 last year.
but Atlantic exports -four included, were In
the same time only 2,745.2Os bushels against
4 100. .275 last year The price advanced last week
about IN cents without any reason in the ac-
tual movement.
Money is easier. a sudden decrease having ap-
tha into although
London has been emptying about 10000 shares
on the stock market, prices are trifie higher
for railroads and practically the same for trusts
Out Of 1121 O7O shares sold last week 53S4OS were
Of six trust stocks 376,5l3 of six railroad stocks
and only O6l49 of all others. The Treasury re-
turns entirely sustain the charge OF deceptive
suppression Of payments in September. In twelve
days Of October the deficit has gone above $SOOo-
0OO with payments of s19 444O O0O against $24 1000
in the full month OF September Receipts are not
large. customs at the rate OF $l4OOO00O, and in
ternal at the rate of sl260000O for the month.
Imports continue heavy. and in two weeks ex-
ceeded last years by ST. 763 565 while the exports
fall below last years The weekly comparison
with 1892 is deceptive. because in that year the
returns of imports were inflated by improper in
voices from silver-using countries, and the Treas
ury has cut down its monthly statement Of i'm
ports at New-York by ,SS5 in October. 1892.
but the weekly statements have not been cor
rected, and remain much too large.