New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-04-27


with s.57s.S21 already in sight this year, wou'o
- ,ho cron NJ 1895 about 100000 bales If re-
CENTS henceforward should not exceed those VI
1909 as in April they have about $1,000 paies'
Nor is the manufacture in this country oo'"s
en- weI, as TO promise a maximum consumption
but ~ that had been the case all the year. the
takings of spinners ut the North nave peeh'
With stocks held September !, 46l,6Sl paies
greater than the maximum consumption wh'io
commercial stocks make the quantity nelo mere
about 100000 bales, which Is also consioerapiy
more than a maximum consumption wouiu NC
for the rest Of the crop year. More encouraging
than these data Is the fact that planning -
advancing remarkably well, with every pros
pect of large yield.
The increased activity in cotton goods WITHIN
the last few days comes as decioeo rehei
to many manufacturers, who were getting ci'''
10 the point of unavoidable stoppage, because
thew could not afford to pile up stocks any
higher. There has not been much change YET
in orders at the mills, but confidence that some
are coming helps materially. the questio"
whether the demand will be large enough wheh
n comes to prevent further curtailment OF the
working force Is yet to be answered In "oohen
manufacture the closing OF q NUMBER Vi
mills Is announced, and two have faiieo' anu
although the dress goods department Is ia'riy
busy other branches show no gain. The sales
of wool for the last week have been only
4 600 600 hounds. and for three weeks Of April
only 9,527.7O0 pounds, against H4OS'Soo 1or the
same weeks last year The boot and shoe bus-
ness shows not much change, and, aithougH
new orders received are fair In volume. the
sbons as whole, are producing much beyond
the present demand, many of them accumulat-
clined again. and Is about per cent lower FOR
the week with heavy sales although large buy
ing orders of hides at Chicago has lifted the
price q little Shipments of shoes from Boston
thus far for April have been 209,ls2 cases.
against 221 10 last year.
The iron manufacture is waiting TO see the
effect OF recent combinations, about which therS
Is so much doubt that new business Is retaroeo
Naturally an advance in prices also tends 10
hinder buying whether 1t Is of rails for great
CORPORATION or beams for twenty-story Duio-
ing or only nails for carpenter shop. oohhe
part of the natural demand is cut of by higher
prices, and some part deferred untii IL - bee"
whether they will last. The coke and ore coi'-
binaiions hold their prices, and the biiiet max
ers also though brokers continue to supply
buyers at Pittsburg at $40 40. while the works
demand $40. The insufficency OF the present
demand to keep all the works in operation Is
the one feature which nobody can at present
doubt about, and unless the demand increases
some OF the works will have to suspend opera
tons
There Is more activity in commercial loans
and It Is noted that there appears less urgency
to get accommodations for carrying unsod
stocks As rates here have declined. Invest
ments Of European capital In the lean market
have diminished, and meanwhile not much has
been done in foreign account on either side OF
the stock market. Stocks OF railways have
advanced on the average about 80 cents per
share during the last week. and Trust stocks
also average a shade higher, but railway earn
ings do not show material improvement. For
the month OF April the returns thus far re-
ceived show gain Of only SS per cent over
last year. and a loss OF 1913 per cent compared
with 1893 The returns Of clearing houses IN
like manner show less gain In April over last
year than In previous months. but. owing TO
the beginning OF depression in business ABOUT
this time In 1893. the decrease compared with
that year 15s per cent in April. Is not as large
~ In March or February.