New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-28

roooua the saving Happy the people "hoS' ""-
MI, r tiresoula" Even the great corporations
to,r, formed or projected have become so nu
,r,,,,s os ~ confuse the mind. and the fact tha'
,,-,., o,oounts OF capital can be found for them
81. .,,,,. evidence that those formed months ago
b.,o mot proved entirely disappointing inc"
.,ts oleo have shown more strength or la''
,ho, anpoarod some weeks ago. and have "'-
,or,.I nearly 81 a share since the end OF july
AGAINST about 81 a share for railroad STOCKS u
10 Greatly 10 the advantage ~ the industral 'S'
If ,.o,,rso that the older and more conspicuous Oh
,n, rop CORPORATIONS are engaged IN the iron
,,,,,,e,,t,,r. which has this year altogether "N-
c.r,ional opportunities. But railway stocks We're
ois, otrong last week and II Brooklyn Kappa
Transit ana few others We're omitted the rec
,., ,,o,,ld DO even more encouraging. Earnings
an 40 per cent Of the total mileage in the c'un
,,, during tho first half Of August show gains 'i
~ ,ar cent over LA. wear. and per cent over
1Sno when the traffic I'm August was remarkably
large.
Tho iron manufacture now has contracts az
btpb nrces for a considerable share of IT'S posi-
llo production I'm 1900 I'm only few impor-
,o,t limos can contracts now Doe taken for de-
Ivory. earlier than December while I'm a num-
her 81 the branches th" leading works can prom
ise nothing earlier than March Attention is
rightly called by trade journals 20 the fact that
this business IL by no means Of a speculative
character but Is the result ~ intense pressure To
get materials for consumption at the earliest
moment Railroads are wanting NOR" rails ana
more cars and bridges and for want Of them an
enormous traffic is hindered at the West. Ne"
vessels Of the greatest capacity are needed on
the Lakes and movement Of ore and grain next
YEAR will be DELAYED unless the fleet can be- mu'h
increased Similar demands crowd shipyards on
the scaboard and the number ~ manufacturing
works of all sorts that ARE waiting completion
with their machinery IS very lare" Pig iron is
quoted higher. and for many other products
large sums beyond the regular quotations are
being paid 90 secure speedy delivery
There IS more pressure for quick deliveries in
boots and shoes than I'm any other branch Of
business except in iron, and th" orders in that
lne also run some months ahead though not
into next year The shipments from the East
have been I'm three weeks Of August 3o61A
cases against 27152l last gear. 2G77G4 in 1N9l
then the largest shipments on record for the
month and 24534G I'm the same weeks Of lS"2
4 fairly general advance In prices has taken
place. though II Is small and still leaves
the range for these products relatively lower
vanced little further last week with heavy
trading The woonon mills also are receiving
moro orders than they 6re able 20 nm within the
time required. and others as well as the Ameri-
can Woollon Company have been obliged. It is
stated. 20 decline a part I'm a few additional
lines prices have q little advanced. though it is
stated that I'm some grades ~ wool concessions
are now being made To- secur" sales. The dee
maud for cotton goods is also large but per-
hans the trading is for the moment much af-
footed by the prospect Of important CONSOLE
dations
Tho quantity ~ cotton which has com" into
slpht. with only five business days remaining Of
the crop year. is ll233723 bales. against
11olG.7.3 e. date last year. and during the
month has been lGNO91 bales against ll6"lo
last wear Taklnps by Northern spiuners have
been I'm August only l74ON bales. against 42"pl
last wear doubtless because tho mills were car
rvire large stocks already and the rise I'm prices
has deferred them from further purchases. EX-
morris In August nave been about the game as
last wear. S7.1H bales. against S7.352. but for
the year ~ date tho exports have been liNV~
bales smaller than last year ana foreign stocks
are larger The visible supply I'm this country
ard abroad is now o2J1 N3G bales. about 52NWD
more than year ago while Mr. Enisous last
statement showed an increase of $1,000 bales IN
foreign mill stocks. and II would not DO surprls-
ir,, ~ American mill stocks had also been some
what Increased. so that probably moro than
100000 bales Of the commercial crop or last
year. II .234.723 bales remains unconsum'd II
next years consumption should be az the same
rate a new crop OF only ton million bales would
meet all demands. without making visible sup
nl, and mill stocks lower than they We're