New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-06-15
q million bales at least. the drop in prices was

eminently natural.
II Is not strange either that the wheat market
has shown weakness A fall OF about three ceit'
surprised no one who has observed that the eS''
mates official and unofficial. all polhteo "
larger yield than that Of last year that u.
yield of last year. in spite or blunderihs oiiN."'
concentrations was unquestonably greater by
ahout % 600 900 bushels than that Of the preNi-
one voar and that the long continued and elaDo-
rate attempt of the Granger statisticans TO de-
celve tho world about the yield Of wheat mas
completely broken down The exports rom al
Atlantic ports, ,jSS, 1913 bushels last week. noui
included were only about two-thirds OF the usual
quantity but yet larger than the eNpoi %
OF an exceptionally small week last year. thout''
taking two weeks OF June together the Atia"''o
exports were wellnigh double those OF year ago
u continues a significant fact that receipts at
ports greatly exceed those OF last year Co'"
sensby refused to decline with wheat be-
ing quite low enough already. anc pork rose
a fraction, though lard found 10" recoru anu
recovered only an eighth.
The output of pigiron June was 1s2,22o tons
weekly. against $50. 30S tons May 1. decline OF
about 1000 tons, but the accumulation OF unsoid
s,ocks exclusive Of those held by the great steel
works. was about 10000 tons, or more tnah
4 OOO tons per week. so that further decline
IN rroductIon would seem to be needed Bul
rho great manufacturers hold on with much
confidence and frankly say that they expect the
daadlock 10 be broken and much larger puyihs
movement TO appear after the Republican Coh-
vention has acted Naturally, large sales Oh
honds and stocks to foreign investors Would open
the way for larger expenditures In eNtehS''"'
and repairs by many roads. the prices oi Nun
and steel products continue about az '"eS nav
been although the tone is somewhat "e'Ne' 80
billet rail and bar associations nave 10 uep'"'.
unon the expected great enlargement OF def'a"'
in order TO maintain the current prices II 10
obvious enough that there must bet sharp decH"e
in All IN. t,e departments unless that strengthch-
ing demand appears.
II does not seem possible that somewhat se'
eral curtailment OF cotton manufacture 'ai
ho rrovon,ed because the works have been run
ming on month after month looking TOT oe.'e'
demand which has not come. and meanwhile
stocks have grown topheavy. III Is sa'u ''N'
. ooo 600 p,eces Of print cloths are on hand I'M
sold. but the certainty is that current prices
are the lowest on record and this is also true OF
so,o g,,gbams and other cotton goods The
lowest prices ever known for American wool
oro recorded bv Coates Brothers. averaging less
.ba, ~ c.nfs uer pound. and yet the market Is
On sc,ntv that sales for two weeks Of June are
l.es than half the sales for the corresponding
weeks last year. II IS encouraging tha' imports
- wcollen goods have materially decreased 81
late. but unfortunately the stocks In Dohueu
warehouses are remarkably large exceeding
So 800 900 in foreign value, exclusive OF i'eis"'
and duties vet 10 be paid. Meanwhile 'h' VOL
umc ~ business. represented ny cl'"''ns
house exchanges. continues considerably s'ha"''
than in other years of fair prosperity. FOR '"'
ms, week the decrease compared with the SH'"'
week last year was % per cent, ana In com
par,son with the corresponding week IN lN"- inc
decrease was Isl per cent.