New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-05-08

monetary operations connected with the new
combinations. The trust stocks averaged de-
cline Of 81 % per share. the preferred 81 ~ TOT
the older and 81 q for the new. and the COM
mon So So for the older and 81 AZ for the new
The transactions Of the week were exceedingly
one-sided. Sales Of six industrials were llof'ooo
shares and OF the entire Industrial list ABOUT
1912 600: two street railroads made up ooe'oV"'
and all OF them 714,000; few gas stocks MADE
I'D 1S1 900 shares, and only two railroad issues
recorded over a hundred thousand shares each'
only twenty five over 10000. In all 9Zo,Voo' and
the entire railroad list only 1l4OOoo shares OF
III different Issues. Owing to the causes OF dis
turbance already named there were less signs
of strength or steadness than In recent weeks.
though the public was kindly and constantly
advised that all the strong parties were gather
ing I'm stocks In quantities without having to
bid for them.
The efforts on the other side to create exag-
eerated fears about the wheat crop had little
sunport. II was no secret that exports sud
denly became larger, 3,69S,462 bushels for the
week -four included. against 1928 775 last year.
and 1t is not strange that Western receipts are
much more than year ago. when the price here
and at Chicago was mounting toward ~ per
bushel The elaborate accounts Of acreage win
with spring wheat. which is stated at 5O0'Ooo
IN Nebraska alone The Chicago price Is a
shade lower than a week ago. both for wheat
and for corr, which would hardly occur In the
presence of heavy and increasing exports II
there were signs OF future scarcity.
The movement of cotton goes far to settle the
contest Of those who held that short receipts
in February and March were not due to bad
weather. but to exhaustion of supplies. BY
Anr,l receipts were 155, 900 bales smaller than
TO that date last year. but to May 3 they were
only 10000 smaller having exceeded last years
by over 10000 in April and 1OS2o in hve
DAVIS Of NAV Practically nothing Is being
taken for splnners. but the exports, while 234Vn
bales smaller than last year In April, nave
fallen only 3.S1S bales behind in May thus far
It would not surprise anybody II the total out
come for this crop year should exceed last
years in quantity, though containing more OF
inferior quality. The outlook for the coming
crop year has changed little. nor has the price
changed at all. While still running largely on
old orders the mills have been able 70 raise
nrIces of some other grades Of goods. and have
moderate new demand
Beyond the advance last week in Clay MKT
ures. no other indication OF the plans OF new
combinations has appeared, but the WOOL mar
kets have been made stronger by considerable
buying. Part has been for export old AUS
tralian in bond, but the manufacturers are DO
ing more business. and according to current ac-
counts are paying a little more for desiraoe
woo,s Sales last week were SS59O00 pounds
largely Of Territory and in five weeks sales have
fallen only o. fifth behind those of 1897, though
TO a large extent speculative in character Ac-
counts OF high prices asked in the interior come
inI
working OF numerous combinations and their In
auence over the goods market. cannot yet be
anticipated The new demand for goods is at
present only moderate.
Resides combining a vast deal in talk and In
nrnt. the iron industry Is still putting out more
products than in any previous year. and there
Is enough demand TO prevent any sign or yield
ing In prices Yet in several lines the new ORDERS
have much diminished for time. and num-
Der OF the works expected to increase the output
have gone into operation since April l. Inc
situation is not yet such in any line as 10 test
the control Of new combinations. but dispatches
show that In some lines there is no time lost In
setting up new works for competition. The
minor metals are also influenced by London
speculation. and are higher Boot and shoe
shipments show a greater actual production
than ever 14.S per cent greater in April than
last wear. and A per cent greater than In 1897
and 21s cents more per pair is now being paid
for several grades. although new orders are, on
the whole. considerably behind those OF year
ago
PAYMENTS through principal clearinghouse
IN four DAYS Of May have been SD per cent
larger than last year. and 74.4 per cent larger
than in 1892 and the daily average Of payments
for the first four months OF the year at New
York at thirteen chief cities outside New-forK
and at all other clearing houses. compares thus: