New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-03-06

While all the Industries are NAMING H''''
progress the industry OF stock manufacture
easily surpasses all others Men tax OF p'o-
drction reaching a million tons OF pg-iron
worth S13OOoOOO in a month, or the manu-
facturo of jOODO 600 pounds OF wool monthly
INFO cloth worth Sl5.0nOOO0 or more. but what
IL that compared with the creation OF Sl,lV"'-
600 COB industrial stocks and bonds in two
months? The Financial Chronicle in giving
= table showing this aggregate, only S1i''~VV'V
boine Of bonds states that combinations are
omitted which have not yet definitely matured'
such as the whiskey combination. with Sl-S'-
600 COO: the copper with SiooWEUV'; the
smelling and refining with S'V"""'"' '"e
bridge building with SJO,NDp". ana the WIZ
ing-paper with S4o0000O0 Before the INK was
fairly dry this account was supplemented q!
the woollen combination. for which II Is as
serted that S10O)0MO was subscriber III It."
minutes the proposed capital being S'"'"''''
while another is under way in heavyweight
goods It is not easy in these times 10 keep uP
with events but the crop OF new inauS'IlM
stocks would seem to be nearer Sl.'-'oV'o''
already in 1899 instead Of about S9l6o''"'V
in the whole year lS'ls
The transfers and settlements incident 10 ."e
formation Of such big corporations have s"e'ieo
hank exchanges ri some cities ma'erI""! ~
about Sl61 0GOOOO last week at Chlc"E'' ~.
i,s,arco. hut husinoss Of all kinds IS heavy. ana
the pavments amounting 10 SGoN''W""J' III
tho tvanty-eight days If February 21.' per cent
,.rcor than last year and 80 per cent larger
,nop IN 1872 indicate relatively greater business
than navrents Of IS 492 OU)01) in the thirty
ono DAYS of January. for annual Disbursements
% i,toroet and dividends account for large ar
c,rorca The daily average If payments through
tho rrircinaI clearing houses was Oh per cont
larger in February than in the same mohth
~ 1>o, and in January was 80 pc. cont larger.
o,or half the increase naturally appeared al
Nov-York. but at all points ortsid' tnls Guy
-, cain oyer February 1899. was - per cent
creo, figures do not mean much unl's' 'n'-
ara directly connected with evidence "' I''
nro,oucnt in the condition 81 the Noi"'"7
millions for business can never be Eood '''H
unless their purchasing power grows "'"''
the most satisfactory news Of the wee" "' ''"
tolls Of tho general advance in wage II '''
cludes already Il great number ~ "N'"' WIZ"
80 MAINLY, IN ew-EngIand. apparently Over
100 nrO gaining an average at !" per ''''' "
many thousand employees 81 the tIhP'a'c cum
binattcn averaging = to ~ per cent W. '''''
eords Of the American steel ana VIC '''H'"'
averaging about the same gain tA' 'h'"'"''''
~...,l,oi ~, rho PennsyIvana and Sparro"
poi
,ro furnaces especially in tho Pittshurg region
n.,I a,so many thousand coal miners. mostly III
ca,,,horr states. But it Is evidently a con-
.o.r,,,s movement. and no account of its prog
80 Glands good from day to day. y STRIKING
e.o.,,ro bos boer that most Il the advances "c'o
,.ol.,n,aril, given. though IN other cases theS
resulted from conference. ,
| 7, the face Of accumulat:nG evidence '' '"'
ress Improvement the stock market III"
weaker But this Is in part nS'u'''
-rho endemic Of interest in trust stocks anu '''
] eoatiro of many new corporations nave "e''N
ru, Withdrawn much money from o'he'
| r,opts and led many spectators 10 So' So
,hiob had been largely advanced IN oraer
-. ,roo,s in the new things which offered
e,ob bright prospects. The financing ol '"e ~
- ois, disturbed bank affairs ana maze
..,,oa stotonents" which are used as Signs q
,o,,,i,,, etringency Railroad stocks aFeIaE'u 81
! ,ha ioso 81 10 lower for the week. WH'i' ""S.
e,ooks averaged 81 cents higher iooac,o anu
~, ,ss,nr while such railroad stocks az pu'
,,r,,,or and ST Paul declined The earnings III
/ r7oh~uarv nave been les favorable than III PIE
,.f,re roorths owing to the storms - lN' '''
,ees than last year and IL per cent less nan -
1909 There is nothing in the course o' '"'
49,. -, ,a,,ea alarm about money. exports be-
! los
exceeded imports 10y S4l.N'oo'' IN ie"' ''''
aud imports being but litte larger.
r,.aor,s If wheat in four weeks Of February
,..e ,,ao, Il So, 20 bushels. -four included
,oinet Il o2G.I 2o last year. and vet prices nave
,,n ro,bor weaker. declining re cents for me
.aL Tho ,onc-expoctod stoprage Of Western
r,oairtq docs not come To pass, l2''l 'i' ouS''
-, bo,-rp came forward in February. aEAihH'
tooni can in the same month last year ana
,,,orciaI estimates make stocks IN FARMERS
Aoode tho largest -ynI reported The i"r'lF'
IND which has taken over ldIoN.o" bush
a.. out Of the country in eight months "i un'
cro,, vear against 1J1tWO0Vo last year. shou'
il continue 70 the end, would hardly pt""u''
scarcity here. II such reports are measu'aON
correct corn exports in February nave peer
only 14u92.:.e7 bushels against lN'"l2'"No i"S
- co,tor has advanced sixteenth, viii
orl, * III bales coming into sight since Mar'i
a,,iret Iol.73O last year. In February onli
iol "a bales came into sight against N'>'tN'
last year.
Tho rnported combination Of some grea' wool
len mills is = new departure for that industry II
which individual enterprise. skill and charactc
have counted for so much in the past, but 1t Il
not vet known how far it may be extended no
hv whom II will be practically handled. IN
business has been somewhat better OF late
though by nc means satisfactory. cotton good
have not ceased to advance while boots an
Shoes show no important change for the week
The startling change in prices has been III lro
, and steel Eastern anthracite having risen ~ =
PASSENGER and Grey FORGE 81 each al Pittsbure
} refined bars and steel plates 81 at the East
bars beams and angles 81 az Pittsburg ant
wire nails - cents keg. In nearly all cases IN
p advance In iron prices means urgent deman
I beyond the present capacity OF works IN opera
, ton. But some additional work VIII 500
! tighten the load and the rise has now cut OF
the foreign demand which took abroad consid
, / erahlv over a million tons " various product
o. last year II does net yet appear that the limi