New-York tribune., 1896-12-07

The total here given does not agree with the
total for the exact months. as five weeks are
included for New-York. but the ratio of gain Is
fairly indicated namely 21.5 per cent part
Of the trade undoubtedly exceeding three quar-
tcrs. similar increase for the whole would
make exports Sill 100000 for the month
and the excess OF merchandise exports over i'm
ports would be more than S.JS 900 900 following
SG3 900 900 I'm October. This state of things
would bring gold here rapidly. were not bank
crs and others disposed To deal largely In long
foreign exchange thus virtually lending money
to London. il is estimated $50 100000 al
ready. In this way shipments hither To pay at
once for the excess Of exports are avoided. and
also the shipments hence OF gold a little later
to pay for the probable excess OF imports then
and interest and dividends abroad.
About 100000 bales OF cotton have come
into sight against about 100000 last year
The excess does not necessarily imply as great
excess during the remainder OF the year for
nearly 100000 bales OF ii occurred in Sepem-
Der alone but the remaining excess OF 400 600
bales IL by many added to the receipts last
year, December September l. Indicating a
crop OF 5000 900 bales or over. Ii Is largely
this state OF facts which has rendered efforts
to raise the price entirely futile, and IT, some
urge. Southern planters kept back their cotton
largely I'm the hope Of free silver. how much
greater must have been the crop from which
there actually came forward more than in any
year except the two when over 5000 900 bales
were produced? Northern spinncrs are taking
little more, though as yet not as much as last
year, since September |. and the demand for
goods is a little better. but apparently not
enough to make up for the increase in mills at
work. The price OF cotton dropped to 80 cents
against go the week before.
Wheat Is moving slowly, and many OF the
great Northwestern mills have stopped. partly
on account Of high rail rates. which may
be adjusted but partly because of slack foreign
demand for American -four But there Is no oc-
casion as yet to complain Of the export demand
as a whole. though each furry In prices natu-
rally affects 1t. Since July l. flour included
Atlantic exports have been 80 622 100 bushels,
against %. .1G6.142 last year. and the Pacific
shipments continue remarkably heavy. The
shrinkage in Western receipts is more i'm
portant; II was over 100000 bushels last
week, partly because OF storms and lack OF cars.
but In the previous four weeks had been
100000 bushels. and about 300O00O in Octo.
Der. that now the total receipts since July
l are 100000 bushels less than last year The
price closed at 1925 for December. against
0025 week ago, and May LIS cents
lower. but the people who quote imaginary
prices for No 2 red without selling a bushel
suppose they have deluded folks into thinking
that wheat sells at 81 a bushel
The boot and shoe industry Is hampered as
before by difference between prices of shoes
and OF leather. so that manufacturers are not
disposed to accept any price which jobbers are
willing to pay. Hides declined sharply again
at Chicago but leather is held without change.
The collapse Of several trusts In the iron in
dus.ry has lowered prices remarkably. and that
market Is the more unsettled because the aban-
donment Of other large combinations Is by
many believed probable. At present the in