New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-03-08

have been placed at 81 per cent pohos IL.
s5OOOOOOO would scarcely have been piaceo
without difficulty II the condition OF industries
and markets had been that OF six months ago
or more The buying OF stocks In the who'e
Vanderbilt family Of railroads was to De e*-
nected as n natural consequence Of this trans
action, and 1t erectuay counterbalanced the
disposition Of. many to realize pronts imme-
diately after the Inauguration. stocks c'oseo
inst n fraction stronger on the average. but the
change in the temper and nature OF the market
was far more important. There has appeared
some genuine buying. by men who may WIFI
reason be expected to hold stocks over night.
The advance In wheat nearly three cents
and in corn one cent although the exports Tor the
week from both coasts showed a decrease OF
$50 600 bushels, or more than ID per cent "ou'
Included The Western receipts were again
smaller than for the corresponding week last
year. and the decrease Of 772.OOO bushels. or 81
per cent, was both relatively and absolutely
greater than the decrease in exports. Still the
increase In Atlantic exports Of corn Is very large
for since September these have amounted TO
more than 81, OOO. 900 bushels. against 02.OOOOOO
last year. while Atlantic wheat exports nave
gained only 1OOOOOOO bushels. Should foreign
war prospects actually stimulate foreign buying
materially the price OF wheat might indeed ad-
vance with reason. as the>>S:ent OF the surplus
available for export Isl still largely mat
ter of conjecture. in the absenca of official re-
ports entitled to any credN. Ii viii probaply ne
discovered this week that most Of the unoniciai
reports also are not received this year with
much greater confidence Cotton does not share
in the speculative advance. but declined during
the week from IA to 7.10 cents the quantity In
sight, .J32, $40 bales, still remaining about a
million bales below the record for the same date
in 1895 from the maximum crop. With exports
about 100000 bales and takngs by Northern
splnners about 400, 600 bales smaller than at the
same date in that year. and with print cloths
weaker in spite OF the stoppage OF many mills,
hesitation in the cotton market Is not surprising.
The industrial news in other respects is almost
uniformly encouraging. Although the enormous
purchases OF rails have not continued nor could
they be expected, there is still demand so large
as to stnen prices and billets are also strength
ened by the heavy demand for wire nails, which
has advanced them to 81 40 per keg. There
are also three structural orders pending for H.
600 tons of steel. besides smaller. but other
finished products are gaining slowly in demand.
There Is a better demand for boots and shoes, 80
that a large proportion Of the shops have been
started and the shipments from Boston for the
last five weeks are small fraction larger than
in any previous year The demand for woollen
goods has also broadened little. with some sales
of better grades whereas the cheapest and me-
dunn grades had been almost exclusively taken,
and several more mills have gone into operation
though It Is generally acknowledged that orders
do not yet give assurance OF long employ
ment. But the increasing confidence that duties
will be imposed on wool is shown by the con-
tinued sales, which for two weeks have been
nearly one-half larger than In any previous year.
The state Of money markets calls for no special
discussion as supplies ample with 8 to 3A
per cent the rate on best commercial paper, ana
it is still observed that collections are so far sat
isfactory and so few renewals are demanded that
merchants and manufacturers are asking fewer
accommodations than usual at this season. For"
eign imports were large last week. but for two
weeks have been about Is per cent less than last
wear and the indications Of increase are In fact
less than many have expected.