New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-03-15

being far greater In tnat thdh j" ""' $50
the increase Of 30024 tons In other stocks u'-
sold has no real meaning. for the new business
in rails alone would 81 for forty to Atty times
as much. The estimates which credit the III
ferent concerns with new orders aggregating
over 100000 tons must be Interpreted as """'
TO the shouts Of rival auctioneers, but there Ii
no question that all the companies nave tame"
orders for months ahead, and probably the TWO
largest for the rest Of the year. and conservative
estimates put the aggregate Of new orders at
loo 600 tons or more. The prices OF hhS"eu
products have changed only trife for the pet
ter. the enormous demand for wire hai'S ""''"o
caused a slight advance.
1t Is a circumstance OF much interest that the
boot and shoe manufacture, while constantly
complaining that dealers would not pay the au-
vanced prices quoted, has somehow greatly in
creased the number Of shops and OK hanus a'
work. and has shipped from Boston, according
to the weekly returns to The shoe ana Leather
Reporter." more cases in January than In any
other year except 1895, more In February
than In any previous year. and more In the first
part Of March than in any other year except
1893. making total shipments this year only
GSlS cases less than in 1880. not quite per
cent and larger by 26.6S3 cases. or 3 per cent
other wear. The natural presumption that prices
are shaded I'm some cases does not hnd much
confirmation in current accounts here. 1t must
be admitted but what terms are maze WIFI ais
tant buyers may not be known The cotton mills
have not yet succeeded In Strengthening the
n arket for goods materially. and the suppression
OF print cloth statistics has an influence rather
the reverse Of helpful The sales OF wool. great
previous year. represent speculative confidence
in better prices but also in large measure prep
arations Of manufacturers for demand which
they confidently expect
The official and unofficial returns Of wheat in
farmers hands. which were made pubic last
week. had only the effect to depress the price
three cents little more than 1t had advanced
the previous week. The Western receipts, near
" a third smaller than last year since January
I were relatively larger last week. and the ex-
ports are fairly maintained. but the outgo OF
corn continues We V heavy 6S94SSS bushels,
against 159l iI5 year ago, ana IL IS not s'raHse
that its influence on the wheat market is in
creasing. Cotton advanced a sixteenth with the
customary reports about prospects for the next
crop which persons consider OF cohSe-
ouence. even in March The quantity which
less than in 1895, from the maximum crop but
the exports have been 100000 bales less, the
takings Of Northern spinners 100000 bales less
and Ellson's new statement shows that Euro
pean mill stocks are 100000 bales larger than
last wear. and a little larger than in 1879
The money market works without embarrass
ment. though made stronger by the withdrawal
of goods from warehouses and by contracts 10
nroyide for such Withdrawals hereafter. As
some journals are gravely talking OF Withdraw
ale of wool for that reason, 1t may be OF use 10
mention that there is no duty on WOOL Ihe
value of all We ollen goods in all the warehouses
Of the United States January ] was ABOUT
So 600 600. OF silks S220000O and OF cottons
81 100000 Much more important were the
stocks OF tobacco, S12,60)0OO, and of sugar, SlO-
100 600 Stocks of earthenware and glassware
amounted to only 100000 each. The stocks OF
these articles likely to be most affected by any
future change of duty. amounted to about S35,-
600 900 at all warehouses. and payment OF the
duties on these would probably put into the
Treasury S16OOOO0O a considerable addition to
its strength. but not sufficient drain upon the
uonev market represented by S5I9,OOO,OOO de-
posits and sos 100000 cash in the city banks,
to create very much disturbance.