New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-04-06

a. a resource in case or troupie may wei P'~'
that they have no occasion to test IT, Inc
stagnation Is more instructive because rahroau
tonnage Is just now larger than FOR the SAM
weeks in any previous year. In March i'o4'''@'
,or. eastbound from Chicago. for instance,
AGAINST 1.O49227 in 1898. Earnings Within the
United States were 81 per cent larger than last
year. but 1914 per cent less than In 1913
The wheat market has gained about cent
because violent snowstorms and severe irosts
have done some damage. but how much cannot
ho determined as vet The stock Of wheat in
sight ia large enough, considering that the
foreign demand Is light for Atlantic exports,
four included have for five weeks been only
s733 1872 bushels against S,435,701 last year. wnie
Western receipts have been 13,S35,4l0 bushels IN
the same weeks against 1881, 372 last year. Ihis
continued excess Of receipts over those Vi
wear ago binders every effort to advance prices.
Corn continues steady, and - moving largely LOT
the season with good exports. PORK mas Sharply
declined and dispatches say that iard mas
touched the lowest point ever known IN chicago
Hides are also materially lower at Chicago'
having declined 1875 per cent since January l.
while leather Is now held without change, though
rs per cent lower than January I, and boots
and shoes are selling but moderately at prices
10 Q Der cent below those Of that month.
Over 6400, 900 bales or COTTON nave Ho" Cohic
into sight. with five months of the crop year
yet remaining, in which. from the short crop
Of 1892 704252 bales came In sight. Ana re-
ccipts continue larger than in that year IN
March by 1876 per cent. There Is already In
sight In Europe more American cotton imam
Europe consumes in five months. which would
he according to Ellison about 2.23O.2oo baies 10
September l. but commercial stocks OF Ameri-
nd mi
baI.s In all March l. OF which about 5oS.'Zo
would he American and such stocks have IN
creased in March every year for the last iive
voars Also there i3 already In sight In tnis
country more American cotton than has ever
heen consumed in five months, or would be even
n consumption were as Mr.. Ellison estimated
100 900 bales this year more than last year.
namely 81 1GO bales weekly or 1.l2S.7oO IN tweh-
ty-one weeks for commercial stocks are Sso'of'
bales. and Northern mills alone nave take"
is6 900 more than their maximum consuhp'io"
thus far. besides 361 900 which they held at the
beginning Of the year. II only "o"oo "o'e
should come forward TO the end OF the year. do
in 1898. the surplus on both sides VIII De large
and anxiety about the size Of the next crop
unnecessary.
Tho steel pool is one OF those treme rdous COM
binations which are apt powerfully 10 impress
ou markets. and may not improoaDiy iedu u
s,rorg speculative movement. But all the COM
bn,tions I'm the world will not make the people
consure more iron at a higher price than they
would consume at q lower. and the advance al
ready ordered in the cost OF biiier' aoout -
per ton. may not improbably increase imports
~ t,n mates and close some American WORKS
so home consumers are not likely TO buy more
wire nails at a 81 - basis than they would II the
nrice were below 81, as Il was a year ago. Al
,re;ent the effect Is - raise the price or Besse
NOR Mig g. while No Foundry is shade lower
I'm Eastern markets but general buying move
ucnt Of A speculative character Is not unlKe!'
whatever the ultimate result.
The textile works are not gaining and cotton
goods are actually selling at an average reduc-
ton u 1871 per cent In prices since January l.
,.h,lc enormous stocks accumulate The demand
for yoollen goods Is so scanty ttat they sag
downward In price. and more machinery II pe'hs
stopped. and the average Of lO4 quotations by
Coates BROTHERS Is rs per cent lower thah
month ago or Ia cents per pound. such 10
tho price Western growers pay for supporting
silver Senators Enormous quantities both o.
domestic and Of foreign wool have accumu-
lated but because European prices are relatively
higher being sustained by the ability OF foreign
manufacturers 10 dump their goods into TINS
market. the holders are not willing 70 sell The
tendency Of thu lower duties on goods Is TO FORCE
American growers 10 raise wool for European
consu,nption. and at the Australian price. or
NJ al