New-York tribune., 1899-01-02

without any serious break or reaction toward
the close after an advance OF more than sl4 per
share reckoning good stocks with bad The
average OF prices for the sixty most active
stocks was SO 20 at the beginning Of the year.
rose in January and part of February. but fell
70 $50 65 at the close April q. when war was
declared. and has since advanced. closing al the
highest point December 30, with an average OF
S67 OF The trust stocks started the year with
an average Of S63 81. and closed with an aver
age OF ST3 % Securities rose mainly because a.
most completely absorbed and Withdrawn rom
the Street as 10 many issues. by continued pu'-
chases OF Individual investors. while others were
taken I'D in large blocks by few strong men
connected with the management or ROADS "hOSs
determination TO hold without yielding mas not
We; wavered. Europe sold az times important
amounts drawing early IN the year mainly iTo'h
Great Britain. but later mainly from o'eri'a"'
and France Yet these operations scarosly P'O-
duced any perceptible effect after the strong anu
solid advance began. The men VINO pFeu'0'eu
that prices on the afternoon OF the decia'a'o" -
war would be found the lowest OF the year Ne''
strictly correct and so were those VINO oee al
a.-,v =, IN. summer 10 count upon the heaviest
earnings ever realized. as the tables puO''Si'eI
on Friday showed Sales in December amounted
coo1o surpassing by more than two n''l"o"
shares the largest previous record tha' oi sep
temher. 1897.
ps.hsr moro has been said In some quarters
q, sc,iva .necula,io1 In products than the oe-
oes,o, has warranted While the Letter opera
TO, Il, wheat al the West was one OF the i'S'
magnitude. Il operated 70 almost XIII o'he'
sooc,la.,on for several months In tha' quh''e''
and the resui, went far 20 suppress subsequent
snaculation az the East also Reported SAFES
a. Sa,v-York during the year have been .htF
7ss o,1psD bushels Of wheat. against l'-oo'-
opocDp IN the previous year. though III COZ"
,hs-e was en- Increase ot 80 per cent ou' 'e'a-
lively insignificant. The exact hsures Ok ''''
wears rovemen; cannot BE- made UP 10Y so'"s
davs bu; the known exports oi ""eA' ~
eou- IN December already exceed last yea! ;
hv 3eonrO bushels. making the ouiso fot '"V
latter half o. the year az least II io'v oNs"-
sfs and -o- the full calendar year 2l9'>'so-
bushels with reports ot two days YET % come
from some points. TIE corn exports have o-eh
-s3IS42l bushels .or six mcnins oi 'hs e.0'
wear. and 2Uo9-9U71 bushels ,or the calehl@'
wear az before with some returns ye' 70 CONF
The cotton movement reported BY The Flnan-
cisl Chronicle 10 Friday night shows thlTu
month IN succession In which over 2vpuvD
isst years movement 20 that date of ll,.s'4
bales with Saturdays receipts u come "h'on
may usrhaps not be accurately reported. owing
- the holiday at some points. The exports have
been not merely greater than II any other CAL
ents- year bu, for the first time have ex-
ceessd sO)OOrJ bales 70 Friday night s.uel.-4C.
which Will presumably be little increased oy
the Official report. Takings OF Northern ana
Southern spirners during the calendar year
ros. 1906 bales above the previous maximum
n any crop year 10 3.53l,s2i bales. with one
sav's report lacking But the returns DO not
accurately measure consumption because al
this season widely varying quantities are taken
for future use Notwithstanding the great &C
;iv!ty IL late and the sharp advance II prices
ot goods II seems probable that the large cur
,ailment during the summer rendered actual
consumption below the maximum.
The end Of the year brings an item from Lake
Superior. shipments ot iron ore IN 1see haV-
ing reached l3.6j0TsS tons. against l22lo.tio
last year. an increase Of lis per cent No other
source ot supply has been pushed with a. mucn
success in economizing cost q output and trans
portation. but IL Is possible that the mines near
Santiago. II labor can somehow be developed
Instead of lsziness. may this year become 'ai
more important Prices have again strength
ersd a little thousH - - '-'''
c-sai.ablA - the managers of great properties
that conservatism has prevailed throughout the
year Wool is selling with fair freedom 'hS
mills having better prospects than for some
months past. but they Do not seem N the .eas.
preparea 70 pay any advance IN prices ana
one ot the trade reports makes the unso'd STOCKS
o. wool on hand 2790cpo" pounds for 'hs
four months before snother clip VIII oesih %
come forward this IL more than an ample sup
ply. 50 that il il the less important 10 ",''.
rha, the estimate Is probably TOO low. l. :
,,,, .x,ac,as .ha, goods tor The next season
r,, o,a, somewhat lower than last year. and
:. a. 9, advance IN tse COS; q, wool Is hardly
10 be expected.