New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-04-29
,fnNEY IND HESINESS.

r. the oldest inhab.ant should sell the Mss'ss ppi
River short when Il Is overrnnning lev"es and
lowlands he might get caught 50 speculative
Il ,ods obey no law but there IS apt - b. low
wafer I'm midsummer. Until the next crops have
heor assured and the period Of summer dull
rass has been passed advances may not be last
ing: Grouth and n pistol shot in 1851 cost me
ablest operators then living many millions. BIT
there is room for a great deal Of speculation
before summer and this year the substantial
Improvement in general business helps every mp
ward tendency u prices. II that Improvement
should become such az TO employ the vast
amounts Of money now seeking opportunity OF
should no checked by speculative excess. the re-
action might be eud1cn. But May will open with
larger business in progress ard better prospects
than at any other time in two years
London buying was the feature In the stock
market AMI Il is said that stocks and bonds
worth as much as Sc 100000 were taken last week
on foreig, account Tho average for railroad
s,ocks rose 60 cents por share, and Is now nearly
as h!ch for the first time as It was directly ai'er
the November elections announced a coming
change % government The average Tor Uu''S
Is n llttlc higher than at dat time. having ris'h
the last wecl, 81 30 per share. y year ago prices
were nhou, the sans" two years ago me average
,.o. g. 81 Der share higher for railroads ana
sil IS per share FOR trusts though hoth had a.
roaa, nogun the prcclritous decline which ended
IN August The fac, that railro1d stocks aver
ne. oven now 81 per share lower than May !.
1892 would BE- suggestive n the companies Were
earning rs much But the earnings in April On
United States r7a Ia thus FAR are only IA per cent
higher than last year. and l34 percent less than
I'm ISe9 The Granger and cotton roads cannot
ovuor, large business again until new crops are
known ar1 the outlook f1r coal carriers les
b.on rendered NOR, gloomy me last week hv the
IN, advancement as 20 output II "a grneIny
assumed that. as usual the companies VIII agree
when all speculative interests arr ready. bu,
with Reading IN the hands ~ receivers nothing
can b. prcdi tel.
Wheat has risen abou. seven cents. and At
nrt,c .xusr,s have boon checked that. -four
Included they fcll p per cont for th" week bel'"
last years. although they had been larger IN
prcy!.us weeks 81 ~" month western receipts
T., ,,-il have. boon 100 ooj Lu.hos ava ns; 7eJ),
900 les, year. aud many country mills m" clos
inc f.r lnrk u wheat, which u being shipped
,r.,, cb,cora :, some parts ~ tho West. The
.,.,,, sunni, "a etiU oyer IS O0' 600 bushels and
lo,c.- thaf 4 wear ago ard real exhaustion -
..,,,,.s I'm SOM. quarters whore last years y.'d
v.,. .sn.rlai!v cut down does not NECESSARILY
,.,r,v exhaustion cv"ryw whore but II IS ms we'll 40
remember that wheat below - cents AZ Ncw-
Yor, In MAY was something never known unt'
At wear Clrn has risen - cents. Irk AMI larb
not at all co'frc au" sugar not at al. ana Oh
only a little during the week. Cotton closed a.
sgs cents nf;cr heavy sal'r early III the
wo.k In Nrrl 3o7 so bales hay" come into
sipht against 2i44l5 in the saine weeks after the
or.a, cr,p - 1891 and In that year i}".'l5 bales
came into sight after this date. tn" quantity -
olrcadv $40 as bales anI The decrease n stocks
~ American here and abroad has been a shade
les IN April than Il was IN lsa2. Eu' ~" market
roys attention 10 nothing bat the expected oe-
crease % yield next flll. and remembers that
after selling at present prizes IN April loS-' cot
ton rose materially.
\ weak spot is the condition ~ Government
revenue. which has been s9526ll2 less than *
pend.;urcs in April. The expenditures are about
tho same "a In April - the three past years
u.bil, the revenue about equal To last years. rs
nearly Sc 900 600 less than IN 1893 The imports of
dryco,ls have fallen Of, although SIN about 40
ucr cent larger than last year. Instead 81 an
average of SO 600 600 per month in the first quar-
ter they have been $los0J.5S2 during the last
four weeks and $40 2lA034 in the same weeks Of
1893. which, with tnr lower duties means Il
heavy decrease i'm revenue. besides the l1s5 by
making wool free. Other imports would have
been larger than last year but for the decrease
I'm sugar $2.Gj0sil. I'll NcwYork, against $b9J2.-
O03 Last year. DeIucting drygooGs and sugar
/ other imports are So per cent lcss than IN 1893
with lower rates OF duty. Internal revenue for
| the month IS about $1,000 900 less than In 1893
Secretary Morton has done some good by In
vestirating the Cattle Trust, for cxactons on
| beef have somewhat diminished. but had already
gone so far to close many email shops In the
| c,ice and a report 10 "Dun's Review from
| Philadelphia states that the demand for fresh
meots seems to have fallen or almost one-half.
| At the West, dispatches say. fish and other
meats than beef are in greatly increased demand.
The Cattle and the Leather trusts appear 10 be In
harmony THE Shoe and LEATHER Reporter
pIves a table Of prices OF packer native steer
hides at Chicago. from the top In August 1880.
viz II cents down t. 3 cents In June. 1894. and
nm IN az cents last week Prices OF green stuck
throats here have risen from cents June I. 1894,
70 9ll cents or So per cent and butt-branded from
Az cents TO s% or 100 per cent. While hemlock
sole leather from Bucnos Ayres hides has risen
very little Union crop light has risen 20 per cent.
glove grain 6iA, and oil grain leather 40 per
cent This is now the chief obstacle In the way
| 81 the boot and shoe industry. which otherwise
RECEIVERS very readily.
Sales of wool. 74O9 500 pounds. at three chief
markets in April against l5.3i1,2JS last year ana
- 900 100 In 1892, have been on the whoie nj the
| lowest prices ever known OHIO NN at 10. ana
fine medium territory nj &c clean. The demand
for woollen goods does not seem to increase ana
strikes In woollcn mills have become more nu-
mcrous and important. The cotton mills nave
! Il great. advantage In the fact that they bought
before the rise about 100000 bales In advance Oh
their consumption. and stocks held by mills are
stated to be % per cent larger than ever III th's
season. but part OF the prof, goes to pay advanced
, wages. Goods are strong and steauhy r's''B
Bessemer iron Is weaker and Hcariy III p'ou'
ucts OF iron are at about the lowest poin'' VIII"
demand smaller than in February, o"' s'rue',
ural forms are in exceptionally good demand and