New-York tribune., 1897-01-25

., ., ohout one cent. while corn lost little
,.,.or hal, cent The fact upon when peop'e
ha,a reason TO fix attention in these DAYS 10
,ha, with Atlantic exports Of 6.2oi'-"S Dus"S''
q, corr alone in three weeks OF January a''"
oIly greater than the Atlantic exports Vi ""e"
and -four together-J.Ol9.U'2 busheis-'he '',n
selling al less than 30 cents. with whea. o'e' 90
cents there is every reason to expect '"'' 'o'''
will largely take the place of whea' III i'
consumption and demand during the rest u Wv
crop year. The supply Of corn Is so e'o' "'''
that an advance in its price can har"'! "' ~
pected but the influence on the wheat "a' h''
Is liable TO increase as the season au' '""'. Co
In January thus far receipts OF wheat AT we
chief Western markets have been only +''i'''''
bushels against 7.606,OI9 in the same weeks last
wear and the total exports from both coas's
have been but S,97;,,J4S bushels flour included
against 1OJ43O16 OF which an unusual snare
this year has gone from Pacific ports. In De-
cember the Pacific exports were 4'"o''-o"
bushels -four included, and the Atlantic II''t''-
:32 bushels.
The cotton market advanced a sixteenth. put
il is difficult to find warrant for much rise IN
the domestic movement or In the MANUFACTURE
About $1,000 bales have come into sight since
January | in excess OF last years receipts, put
2G3 300 less than in the same weeks OK 1919
from the greatest crop on record. by feo-
ruary | the receipts will probably have faheh
a full million bales below those OF lS9o
similar shrinkage OF receipts to that or january
thus far would cut down the aggregate for this
crop year to about S.230,000 bales; but whether
such decrease will continue is the vexed ques-
ton. and meanwhile the unprecedented ac-
emulation of goods which causes so much
orl-a for nrin
give promise that future consumption OF cotton
will he very large Material reductions were
made last week in some important branches OF
bleached goods. and the tendency now appears
to he toward reorganization OF prices, that
goods and the material may run more In har-
mony.
The purchases Of wool at Boston alone last
week were reported as 11S56OOO pounds out
were mainly in advance OF consuming neeos or
orders for goods and to anticipate iu'u'e
duties Western holders are growing stiner'
and without Improvement In the demand TOT
goods these also remain steady in price. The
shoe manufacture, on the other hand. mas
Welded a little on some Qualities. although no
change appears in prices Of leather. The In
creased production OF pg-iron seems 70 outruh
for the moment the demand for finished prod
ucts so that Bessemer pig Is shade lower az
Pittsburg, although IN structural anu priuso
work and In plates there is reported somewhat
mora business The competition OF new con-
Germs has again slightly depressed prices OF
wire and cut nails. Considering that the out
nut OF pig has Increased 30 per cent and OF
coke 100 per cent since october l. 1t Is not
strange that prices are slow to advance.
The money markets are favorable to deveiop-
ment of business and industries, as there Is more
ready sale for commercial paper. without much
advance in rates. One loan Of Sl,OoO,Ooo was
made by trust company to the Illinois steer
Comnany while some other manufacturing
loans by foreign bankers in October ana NoVem-
ber have been paid off. Foreign exchange turns
weaker and the holding back OF long bills Is not
at present encouraged by lower London and
German rates Of interest. The course OF foreign
trade does not seem to promise speedy llquida-
tion of the account by merchandise balances
The imports in three weeks OF January at New
York have been about II per cent smaller than
last year with exports about 81 lOOOOOO or ! per
cent larger and the exports OF cotton in January
have exceeded last years by 1I9,ooO bales. or
nearly A. per cent While the figures indicate
no such extraordinary excess of exports as was
seen in December, the balance In favor or the
country on merchandise account will evidently
he quite large for this month, probably not far
frop, SOr 600 600