New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-02-24

foil to see that &c, 900 wage-earhers' "''
u,eak,v nav even II at work full Time Is ihuoh
lower than 1t was three years ago. ""u
average not by any means full Time c"''o' 20
chase as much either of domesuc Vi %,
goods as they could in 1898. Thus 1t ID tha' all
oo,,rnart. through clearing houses in FEBRUARY
thus far average daily 1873 per cent more INA"
!. a. ,oar hut % per cent less than III lo'' HUI
u,,hstanding the swelling Of exchanges d, H'oS'
o,,,os hv tho enormous transactions IN prepaia
ton for and settlement Of bond purchases na'i
road earnings really tell the same story. De-
cause I'm spite Of q movement OF farm prouu'''
Oh beox-v that easbound tonnage from C"''"e0
has been $50 600 tons In two weeks OF eoi va, -
against 147 900 in the same weeks Oh io''' '"e
crease I'm other business has been 50 s''"' ,''
earnings In February. 1876 per cent ia'se' .a" a
last year are 81 per cent smaHer ina" ~ w.
rrornous receipts Of wheat continue, amount
ing for the last three weeks to S'zSs''h o"'Ne'''
against 27iOGS7 last year, and for the crop yeui
thus far 1878 bushels. against h'''i''o'-
last wear 1t Is a waste OF time 10 notice ~"
speculative estimates Of yield under sue" VI
,s,o, COS hut the increasing exports. which
have resulted from yielding prices are encou.
aging having been in three weeks from Atlantic
norris 544943O bushels -four Included against
1O5,25o last year. The nominal prices given out
whatever with actual business. Three weeks
ago spring wheat at Chicago sold at 65A, and the
next week at 65h cents. while February wheat
here was 1914 cents; Chicago has dropped about
three cents to 62H, and February here 3h cents
IN 72n and yet the nominal price for cash
wheat is called 1919 to so cents. as 1t was on
February Q There Is really no business IN NO
2 red and no stock here. and the price IS more
nearly fictitious than nominal" May DELIVERIES
have declined In two weeks from NAs 10 Il
cents. In keeping with Chicago quotations in real
business.
Cation receipts in February have been 36lS9i
bales AGAINST AS eco last year. from crop or
900 COO and 3OS 40 bales IN 1899, from crop or
6 100000 bales Taklngs Of Northern spinnerS
have been s2750 bales. against 123.3Ol last year.
and 1917 27O in 1893. These figures make 1t not IN
the least strange that the price has Declined 70
rs cents against 81 two weeks ago. The contra
dictory estimates about acreage TO be painted
would have more Influence If there were not IN
the commercial stocks here and abroad and
known mill stocks more than four million bales
Of cotton. about enough for half-year's con-
sumption If no more should come forward from
plantations. The general decline in prices Of
cotton goods. which has averaged pr cent
since January !. stimulates some increase in
buving but by no means enough. II is stated.
to reduce the accumulated unsold stocks II the
mills keep at work No Improvement whatever
appears in woolien goods, which have also de-
cllned in open quotations. but considerably more
IN the prices actually made 20 retain business,
ard sales Of wool were 80 per cent smaller than
last year and 2s per cent smaller than In 1893.
Dress goods and blankets are selling fariy. lut
clothiers still hold back as 10 mems woollens.
The imports Of drygoods at EewYork alone for
three weeks have been 81. l93. SEA in Invoced. and
certainly much larger in actual value.
The iron industry notes steady prices and
little better demand for some products here and
at PHILADELPHIA and Chicago. while at P!ttsDurg
I;esss mer and Grey Forge shade lower.
structural beams and angles have been reduced
In prize. and some furnaces in that quarter have
stopped production for q time. At New-fork
the impr we ut Is manly in cast pipe, at Phila-
dolph!a IN plates, and at Chicago in car wheels
and bars for car-budng and in plates for yes
sells Boots and shoes average a shade lower,
the decline since January having been Z per
cent and some works are about to start with
Increasing sales but many others are running
short time Leather Is a tribe lower. since Janu-
airy !. 81 per cent. and hides are still per cent
lower than on that date. though last weeks
large purchases caused considerable advance
az Chicago.
The noteworthy fact In the money market is
that few commercial loans are asked. although
rates are easy. TIE manufacturing Increase
which appeared week ago does not continue.
Although money is easier at all the chief mar
kets the withdrawal Of about sS0.000.00o from
loanable funds within "A fortnight has affected
many kinds OF business Failures are not only
larger than last year. but for two weeks Of Feb
ruary run not far behind those OF 1894, according
To "Dun's Review" liabilities being in two weeks
Of February s. $50 $685. against $3.50 $50 last year
and sS53iO72 I'm 1894 of which the manufactur
ing were $3.lG3.9S6, against 1882. 800 last year
and 1919 SO in 1894.
II the consolidationists are SO sure OF their
cause and So confident that they have the people