New-York tribune., 1898-11-28
lfQNEY INU 81 NINENS.

MONEY AND 81 STNESS.
Almost half the trade dispatches for month
have deplored the hindrance Of business 10y
delav Of wintry weather. Storms and cola are
no longer lacking and the change does NSi"N
help some branches but hinders trahlc in some
others and the increased cost ana emharrasS-
ment OF transportation. mail and telegraph ser
vice and much Of the work which society re-
ouires makes business for some. but outlay
and loss for others The sense in which indus-
tries and business are helped is that the norman
division Of demand between different "'cupa-
tions and kinds of goods. upon Whlch calcuIa-
tons and outlaws are based. is best met by sea
sorable weather The storm and the holiday
broke last week. but in five days preceding the
holiday clearing payments at the chief
cities were 271 per cent larger than last year
and ~ per cent larger than in the five days OF
1899 while in the nineteen days preceding the
holiday pavments were 22.2 per cent larger than
last year and 1919 per cent larger than III lS'-.
year ago the country was just catchlng UP
with the biggest business it had ever done
but now il is doing nearly quarter more.
PAYMENTS outside New-York this month have
been % per cent larger than last year and 81
per cent larger than in lN92.
After The Tribune has for some months set
forth evidence that this country has become
creditor Of all the world II IS Interesting I" op
serve grave bank presidents making the same
discovery They add not much to the sum Oh
human knowledge in fixing definitely tn loca-
ton Of loans to Europe amounting To- S'o"o'Voo'
more or less. for there has been abundant PROOF
for months that the sum was larger. The inn
norris at New York in four weeks have been
x32442s11. against 81 4131Gj for the same
time last year. which would Indicate
grand total for November Of about S'i.-
OUOuUO But domestic exports from New
York alone have been in three weeks Of No'em-
ber SO 2.;IO2. against S2l.NGi,'"2 last year.
and cotton exports outside Of New York nave
been 2,G 292 bales. against 1d4t2 last year. the
Increase outweighing the decline Of half a cent
In average price. SO that gain OF about Hl''oo-
| 600 must be reckoned on that account. besides
| allowance for other increase outside New-fork.
Thus. 1t would not De strange If instead Of SIG.
! G7OOOO last year in November. exports this
month should exceed xl24 OOOOOO. making
balance Of S7OOOO.UOO for this month alone.
Both wheat and com exports last week were
| greater than year a&o. remarkable fact, con
! sidering the Unprecedented movement then.
| Since July | wheat and -four exports reported
amount to 95.OSl .SlI bushels this year. against
% 13O 81; last year. and corn exports to 19u1l-
llG against G2 437S SG1 last year. Not counting
! the fictitious prices often named near the close
| Of a month for cash wheat the December option
/ Is q little lower for the week but only eighth
| lower than the closing in October The enor-
| nous Western receipts for the week S.2A2,st;
! bushels. against G.2N9944 last year make up
! 13TG454Sl bushels for the crop year thus far,
| against 129Ol5G7j last year. Cotton. on the
other hand. has advanced sixteenth. to ~
! cents with advers- conditions. While 4i.l39
fewer bales than last year have come into sight
| tb.r n
another week like it would make the quantity
! this month considerably greater than in the
same month in 1897. when 1t was the greatest
! ever known In any month. Takings of spnners
! have been - 40 bales less than last year. bat
exports have been 81 ,iJ4 bales greater than last
| year
Stocks closed the week at the highest average
$50 92 per share for railroads. known since
February, 1893. gain Of - cents per share
| for the week and SO 4G since November >. when
! the average was the lowest since August
| brought peace Presumably confidence that a
treaty will now be signed has some influence
but the speculative industrials gained only .
cents per share last week. Tobacco falling.
while Sugar and Gas rose only slightly Thelcad-
| ing railroad stocks. however made substantial
gains eight recording sales ~ over!pe 0pp shares
! against :3O.UOO for the trusts and l.OO0OU
FOR all the rest Railroad bonds We're also firm
and active. and the earnings reported for No
vember thus far have been 10 per cent larger
| than last year and 9.G per cent larger than in
| 1892 Great scarcity II cars is felt throughout
the West. and no wonder. for eastbound ton
mage from Chicago in three weeks has been
2s3O9S against l4503S last year and 1871
in 1892 and no month since January. 1s92 has
shown larger tonnage than these figures promise
! for November.
Foundry pig sells heavily and is SITTER at
/ Philadelphia and The Iron Age" says that
| only scarcity of vessels prevents exports ~
many thousand tons contracts Tor finished prod
ucis being especially numerous. The Irttsburg
bid for the great Coolgardio contract said 70
cover 10000 tons. is hiudcrel 10y the question
! % freights b sscmer pig there has risen -
SlO - with better demand. and Grey Forge t.
- - other quotations being maintained. such
! markets ~ the face OF the known output Imply a
vast consumption. and IN Plates especially
| Western mills behind orders. bars in