New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-04-15

!
february .::.:: s4ssSi 1915 10000 isssso
Two months 80. 1890 e g, sss lOoss'' oO77s
March ........... 31ob@ 4Uh"sz
Quarter ........1ioo45 s 1.3T7,GOO
The large sales in January and the decrease
since give some support TO the theory that the
! stock has been remarkably reduced In the States
where corn was most deficient. But In March the
decrease In shipment was only $4,000 head or 3
per cent, and for the quarter only $4,000, or 10
per cent and the cattle in the four states and the
Territory above mentioned were but little over ~
per cent of the whole number in the country. 1t
Is difficult TO gather from these figures that the
rise in price at Chicago from 81 So to s. 60 for
choice cattle. and from 81 G5 to 50 10 for Texas
steers, has been altogether caused or strictly
warranted by the deficiency In supply.
After the greatest crop ever grown. American
cotton in sight at this date in 1892 1888 3s1
bales. and is now 3997,l25 bales; l52,436 bales
came In sight in the first half OF April, against
ia 100 in April thus far this year; 244Gll bales
went abroad against 27i,lj2 this year. and 3d.
S47 were taken BY Northern spinners, against
41419 this year. For months it has been con-
stantly predicted that receipts would suddenly
drop but though 9243, PAS bales have come into
sight, 5000 more than the largest crop ever
grown. receipts are greater than after the last
great yield. The one fact which seems most
significant Is that commercial stocks OF Ameri-
can cotton abroad are 100000 bales more than IN
1892 while commercial stocks here ar about 700
900 bales less and the decrease In total supply IN
sight was about 6S 900 bales greater in March
than in the same month OF 1892. There is more
American cotton than the world will consume in
about half year in commercial stocks, besides
mill stocks that are demonstrably large. but the
betting on the size OF the next crop pays no at
tenton to the present supply. The rise In oil to
s. has equally little to do with demand and sup
ply. though the public does not yet understand
what the advance has to do with the deal be-
tween the Standard oil Company and Russia.
Exports Of provisions, breadstuffs oil and cot
ton In March were $5,253,iSt. lis per cent less
than in the same month last year, and the rise
in prices may naturally cause a yet greater de-
crease this month. All exports from New-York
are about per cent less thus far this month
while imports here s2.S7l.0o0. or 10 per cent
greater than last year. The excess Of exports
last April was only 1000 600 50 that Imports un-
doubtcdy exceed exports heavily IN April and
IN March while in February the excess was
about 81 900 900 There is strictly nothing TO war
rant the impression that gold exports could
have been prevented in either Of these months,
/ except by the syndcate's sale OF bonds abroad.
and that resource obviously has its limitations
With dearer cotton. meats and oil, merchandise
Imports may naturally exceed exports until
| September or October Exchanges have been at
! or above the exporting point during the last
week There Is an easier market for CONNER
clal paper. although good amount Is offered
! principally by drygoods houses, and the return
! ~ money hither from the interior is again a
| notable feature.
| Except for differences about wages II might be
| said that industries are all doing well number OF
strikes in cotton and woollen mills the East. In
| n carpet mill at Philadelphia, and IN clothiers'
/ establishments NJ Cincinnati. with prospects OF
trouble in coal mines about P,tsburg. are some
what important In themselves. and more impor-
tan, as Indicating the temper In which many
workers regard the partial recovery of business
The output OF pig iron April was l5S,iS2 tons,
! only 1883 weekly more than March l. and the
stocks uusold mot held by manufacturers for their
! own usc' have slightly decreased 1850 tons dur
| Ing this month. but 1t is notorious that stocks
/ held bv the great steel manufacturers have large
! IL increased 50 that the actual consumption In
! Manufacture must still he considerably smaller
! than the output. The actual output three years
! ago In March was S9220 tons weekly. o that the
! decrease has been only sixth \ somewhat bet
ter demand FOR structural and bar iron is noticed
| but wire Is notably duh and sales OF rails are
wanting and the only change In price Is slignt
| advance In Bessemcr pig
The shoe manufacture continues to make large
shipments In number OF cases for the year thus
far about % per cent than last year. and the
orders AT advanced prices grow more free though
stu rather below the usual quantities. Sales oil
wool for three weeks Of April have been l2.'Oo.5l
pounds against 9756.9oO last year and s.st6.soo IN
1892 ard |: IL noticed with satisfaction that manu-
facturers are making vigorous preparations u
| compete with foreign producers In branches from
which II was feared the new tariff would exclude
them. Orders are fairly good In dress goods, bu'
! I'm mems woolens the business Is waiting Inc
demand for cotton goods is larger with an eightf
| to a cuarter Of "A cent better prices for a number
OF kinds. and print cloths are stronger. The vol
! untary concession Of somewhat better wages py
! some mills and strikes in few others, seem II
| part based on profits expected from purchases o
cotton AT low prices rather than profits 10 be re
! allied In working at the present prices OF cottor
/ and goods but the mills are generally well EN-
/ ployed, II not all. with satisfactory profits.