New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-11-15
MONEY AND BUSINESS.

The last day OF July was the lac, on which
prices OF stocks averaged lower than on Mon
day. In that month the earnings OF United
States roads only, which report within ten days
Of IT'S close. were s3S 40 .OT8 and in October
practically the roads earned so 36i 9iS; IN
July earnings were As and IN October & per
cent larger than last year. and In July IS per
cent less than In 1892. but In October % per
cent more than in 1892. In July gold exports
exceeded imports by S4.5OOO and In October
gold imports were over 100000 at New York,
besides some coming In ut San Francisco and
merchandise exports exceeded imports by more
than $G00000o0 making an excess OF over
100000 IN three months In July tho pro-
duction OF pig iron was 10000 tons weekly,
and November 1 Il was $4,000 larger. whlo
wOOllen cotton and other manufactures have
Increased stu moro largely. In July about
100000 coal miners were on strike who now
at work. wages OF labor have been generally
advanced in many establishments 20 per cent
and the Increase IN number OF hands employed
has IN single States exceeded a hundred thou
sand. Weyler's barbarism in Cuba cloud
ing hopes OF peace in July while now a different
Spanish Ministry md different Captain-Gcn
eral are visibly striving 10 remove causes OF
complaint Such n few OF the contrasts
ignored by those who could no bottom on
Monday. they were scrambling TO get part
In the coming rise four months ago, which aver
aged 81 per share. II is not surprising that tho
average value OF railroad stocks rose during the
week 90 cents per share.
The gain in iron manufacture TO q weekly
output OF 2l3.159 tons and consumption OF
nearly 2lS.OOO weekly, with prices close to the
lowest on record. is particularly impressive evil
dence OF general Improvement II is partly be-
cause more business IL done and more money
earned by railroads. which are buying new ma
terial Of all sorts and cars. 100 in a single
order at Chicago; partly because the Increased
lake and sea transportation requires more steel
for vessels. and growing business IN all cities
offers profit in tho erection Of more buildings.
partly because agricultural prosperity calls for
a greater production OF implements and fencing
materials but also in part because exports con-
tinue large. In September 1892 exports OF
manu- featured iron were in value $2.542. $40. and
| imports S2,542, 800. but In September this year
| imports were SS75,557, and exports 81 935 46i,
besides S254 825 worth OF bicycles and SlG7, 4S3 OF
| railroad cars. The wire exported was 10G9S 500
pounds, and the tinplates imported only 1928
| Oh this year. while In the same month Of 1892
| the imports Of tinplatcs were AZ $40 12G pounds
and the exports of wire 5000 I43 pounds. Ex-
| ports OF nails were then "a 271 pounds, but
last September were s.S36.493 pounds. The
home and foreign demand is still so large that
prices yield but slightly. Notwithstanding the
enormous output
| This is not the only industry In which great
gains have been made. The shipments Of boots
and shoes 162 623 cases IN two weeks, accord
ing to THE Shoe and Leather Reporter" were
tho largest ever reported for corresponding
weeks and u per cent larger than in 1892 The
wooen manufacture IL turning out more goods
| than It has for years. with orders ahead for
about three months, so that openings for the
next season arc expected to be deferred until
January February. Wool Is unchanged In
quotations. though realizing on speculative lots
still makes up large part of the sales. There
Is talk OF another curtaiment Of production in
the cotton manufacture, as the demand Is slack
the more because. although further reductions
have been made last week In prints bleached
goods and many brown shirtings and drills
| prices are not yet as low as they were early in
July, when cotton was selling at 1871 cents. In
consequence the demand for goods is retarded