New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-01-11

subject. The weekly output OF pig ITO" ->'''"
her l. with 1873 furnaces in blast was i-"'''"
tons having increased In October WIN con-
hdence as to the result OF the election from 10
furnaces and Il4.II0 tons weekly. But ac-
cordiny IA 'The American Manufacturer, there
were 100 furnaces I'm blast January l. WIN
weekly output Of 1856 tons. This gain Of
~ per cent since November ]. and IA per cen,
since October l. in the actual production oil
the greatest industry Of the country. IN sp''e VI
extremely low prices and accommodating stocks
Is strong evidence that practical men look io'
material increase in business as the result
,f RenuhIcan policy The average OF prices
for iron and steel products declined j per cent
in October and has declined ~ per cent since
which shows how certainty Of large domestic
connection reduces cost tn consumers. very
large contracts for biliets have been MADE az
prices below So at Pittsburg~ Bessemer pig Is
quoted at so III and Grey Forge at >? -" ana
nails have declined to 81 ~ for wire and 81 ~
for steel.
The gain i'm other industries cannot be so ac-
curately measured. but has been Of pracu'al
importance to multiudes Of workers. An eN-
ception may he made as to the boot ana Shoe
manufacture. which has lite or nothing 10 40
with the tariff but is greatly hampered' as 1t
has been repeatedly during the last I'VE years
by monopoly prices i'm leather and hides, ana
by the restriction Of trades-unions In i'''
shipments from Boston reported by "The Shoe
and Leather Reporter" were HOOD cases
larger than in 1896. and in lS92 only 23o'-'
cases or not q per cent less than i'm the last
year. although the population has greatly IN
creased. The manufacture in other sections mas
relatively gained. and with leather more fhan
t. per cent higher than II was last May, or IN
January. 1890. January, 1871. the manufact-
urers are trying To get about 10 per cent more
for boots and shoes. with the result that orders
have almost wholly ceased The manufacture
Of cotton goods Is greatly embarrassed by the
unwarranted speculative rise i'm cotton last Sep
tember which induced the mills 10 turn out
FOODS far in excess Of the visible demand and
has forced them To fight against failing mar
ket ever since. with traders disposed to hold off
in expectation Of lower prices There is talk of
trying to market 2OOO.OO0 pieces Of print cloths
abroad. even though at a possible loss. but at
present prices are weak and for some grades
Of bleached goods are slightly lower
There has been much talk Of wool ana
wnollens at Washington during the week that
the market Is necessarily affected by political
considerations. Sales Of wool have been less
than two-thirds Of the normal consumption or
the mills but official figures indicate that, I'M
less both official and unofficial accounts OF
operation in the mills during the last two years
erroneous. the manufacturers must nave
hand very much larger quantities or wool
than the trade supposes. The prices Of domestic
wool average a shade lower than December
l. a comparison Of quotations by Coates
Brothers showing little decline in Ohio and
PENNSYLVANIA fleece. I'm light unwashed and in
Texas wool. but in general holders are trying
to get about IL cents more than the prices
current in September The mills are getting
very few orders. and the only change in goods
has been downward. about ~ cents In clay
worsteds and mixtures the decline in IN'b
having been about 20 per cent in these . per
cent I'm cassimeres per cent in soft wool dress
goods nearly ~ per cent in medium grades OF
fannels. and } per cent in fancy worsteds
Wheat Jumped to ~ cents on Monday. but
dropped to S9i4 Friday. and closed cents lower
for the week Pacific exports fully main
tair-d. and Atlantic exports. -four included,
are only 3OOGcO bushels less than last year,
while Western receipts are over a million bush
els less The publication Of trade estimates
Indicating a surplus Of 1OO.OOOOOO bushels yet
available for exports was one cause Of the de-
cline the actual exports in six months having
been about - Mn OOO bushels. and SO per cent
greater than last year The famine in India is
no speculative fiction, nor the shortage of sup
ply In some other exporting countries, and IT
does not seem in the least improbable that wheat
may command higher price before the next
crop comes If recent scanty receipts from farms
mean anything. Cotton Is pulling mp again,
quoted at 131 cents, against I.Wi last Tuesday,
the reduced receipts from plantations l96oll
bales against 3jS.31G IT. 1894. being the Oc
ga sion. Exports continue free but spnners are
taking scarcely any.
Money has been made overabundant by Janu-
airy disbursements and bank deposits here have
increased Sl72533O0 for the week. and legal
tenders. 81 4G1 100 The receipts from the in
terror exceed shipments thither about S2OW,ooO.
and apparently apprehension regarding West
ern failures has practically vanished Manpu-
lation has raised foreign exchange half a cent,
but with imports less and exports larger thar
last year for the lates: week, no substantial
reason Tor the change appears