New-York tribune., 1896-05-04


seven largest railroad stocks for 2io'S4l snA'
,o,,,no ,os a,s shares for all other sales Properly
sneakirg. II is not a market worth ment'on'hs 90
~. a.. ysrv narrowness discloses the increasing
,,snos,,,on of holders to sell, presumably oecause
thev look for better things The outgo Oh 'i'''0
COZ god ond 1922 s33 silver had some influence no
dorh+ although II was in part due 10 frenc"
readiness TO sell South African securities Us 0oo"
as II became evident that Dom Paul hao all III.
n, oofs ANYBODY could want against the Char'e'eu
Company and the British raiders.
One large operator has been pushing up co''o'''
ord the nublIc Is rather glad. because the coun-
trv gets a better price for Whatever IL nus :"
sel, The rise has sense only II 1t Is beIeVeo 'hd'
the coming crop, in spite OF extremely IaVorao'e
progress In planting, will prove snort. ae. VIZ
want to bet largely on climatic disasters oe'"e."
May and September have to reckon Oh '"e
facts that 66274 7443 bales have come IN sish' iio'
the crop Of 1885, and 49, 46S bales came into sght
after this date from the last short crop III i''''
uh,Ie European commercial and mill stocks are
now about a., 900 bales greater than the max,
mum consumption Of British and Con''ne".".
mills to September 1. and American coniIhe'cia'
and mill stocks are about 557 7S1 bales in excess
Of the maximum consumption to Septemoer l.
while about 100000 bales may be expected to
sight. against 1ss,645 In the same month OF 1888.
Wheat has declined over cents with 1air
prospects. though the price is not relatively as
high or the stocks in sight relatively as large as
10 cotton Atlantic exports in four weeks, flour
Included have been 44O5217 bushels. against
ZIG 93S In the same weeks last year. and for
ten months ending with April have been 1874
496 bushels, against s9,223,S1 last year. the re-
ceipts at the chief Western markets. according
TO the official account Of the Produce Exchahse'
have been 1870 969, ,O50 bushels. against l3z4'4'SV'
for the same months Of last year, and the pros
pect Is that the new wheat, whicn VIII pes'h ~
come forward next MONTH will find about 5O,-
600. 900 bushels In visible supply. besides large
quantity OF old and California wheat coming
forward. and II this years crop Is as full as men
now expect the price will have to depend very
largely on the harvest In foreign countries.
The textile industries are haltng. but 1t Is for
them an encouraging sign that imports OF roreieh
drygoods have been smaller-$7,366,77c for FOUR
weeks. against s10 4O7 last year. SlO2l4oS4 IN
1898 and $3.50 .492 In 1892. Other imports nave
also dropped off. and With a short crop Of sugar
in Cuba It is not improbable that the revenue
from customs duties may decline more than
many expect The hopeful feature is that trade
balances against this country may be materially
diminished and the consequent shipments or
gold. especially II confidence gains so far as 10
prompt foreign purchases Of American securities
The imports OF raw wool are also greatly re-
duced while every week considerable quantities
both OF domestic and Of foreign wool are sent
abroad.
The difficulty in the wool manufacture Is at
present entirely due 10 the accumulation or un-
sold stocks OF goods and the narrowness OF the
domestic demand for consumption. In the cot
ton manufacture the accumulation OF stocks mas
gone so far that many Of the most important
mills have stopped for time The Iron manu-
facture does not gain as yet. although the aver
age Of prices Is not lower for the week. but there
IS much hesitation In buying until II Is deter
mined whether the combinations will succeed In
controlling prices. The prospect for structural
work Is good. but In other departments there Is
less encoura cement. and the demand still rails
materially below the output OF works In opera
tlon The present demand for boots and shoes
IS also slack though some concerns have raised
prices a shade but II Is noticed that with refer
ence TO the prices Of January l. 1885, taken as
basis the average decline In twelve qualities OF
boots and shoes has been 1910 per cent, In ten
qualities OF leather 1911 per cent. and In ten OF
hides 1856 per cent.