New-York tribune., 1901-12-02

- Exnorts Of wheat were larger than IN
+be corresponding week of any previous year
since 1898 but the published figures or more
than five million bushels include ABOUT one
million from Canada, not properly e1lpraceu III
domestic SHIPMENTS Corn .s also the principal
x.o- in the phenomenal strength CT live hogs
and pork products, which made stlil 1urtheI
aroncas during the last week. Scarcity OF
oees dairy products, vegetables and fruits has
forced these also TO point that is most gratl1y-
ing to producers, yet universal prosperity sus
tafns the consumptive demand
,seeinp cotton market has held barely
steady at eight cents, with a we'll defned olspo-
stion to wait until the government report ap-
ne.rs An average Of the various estimates by
members of the leading exchanges places the
current crop slightly below 1O,6OO,OOo pales-
,Io+ofore these euesses have usually fallen
f.r short of the actual yield, but losses nave
undoubtedIy been severe, and there is evidence
that conservative estimates merit confluence
If the crop does not materially exceed eApeo'a
tions as to quantity it will prove Inuch less
satisfactory to producers than last year Siei"'
since prices have of late shown decrease vi
2hc pound compared with the same ha'e
last year This means S11 25 a bale, when
is no tri1ing matter and initiates strongly
against foreign trade balances, despite 'he
larger quantity taken by European mills OF late
half as much in the same week last year
while the total amount that came into slght
was slightly larger than in 1900. Weekly re-
ce,nts should be much heavier now, since the
crop was late in starting and earlier weeks
showed large losses. The cotton sooos maj
ket exhibited steadiness after the unset
fling price reductions of the previous week.
BUYERS finding difficulty in securing some
grades at the lowest figure. New business is
not offered freely. but mills as a rule are some
distance behind orders
Wool is moving freely without any attempt
at concessions, manufacturers finding profit
at the present level and seeking stocks of raw
material more vigorously than was anticipated
after the active purchases OF preceding weeks
As the London sale was the last of the season.
offerings were mainly of lines previously re-
jected. and the poor grades did not attract 'he
competition of earlier auctions fe" sooo
lots aroused interest, and showed that the sit-
uation was still favorable to holders AT 40
mestic mills contracts run we'll into next year.
and buyers urging prompt delivery on ola
orders without much success. Heavy Wooneh
dress goods overcoatngs. f1annels and all lines
of knit goods respond promptly to lower tenn
perature, and 1obbers often find duplicate or
ders In excess of available supplies Glove ana
hat factories are working enormous forces, ana
footwear shops are well engaged. In the "noie
realm Of wearing apparel manufacture conol-
tions are abnormal for the season. ana II VIII
be no easy matter to satisfy consumers whhe
taking stock at the end OF the year. weekly
shipments of boots and shoes from Boston hold
close to 100000 cases. with a correspondlnsiy
heavy movement at other points
Iron furnaces and steel mills have an un-
precedented volume OF business In prospect
hut the fuel problem is no nearer solution. Soft
not for labor controversies. and a new high
record output of 244 500 tons of coke for the
vveek would help matters but for the scarcity
Of cars and strikes among freight handlers
AS net result of inadequate transportation
there is much interruption. and prompt oeAFelS
of pig iron commands from 90 cents TO Sl more
than recent prices or those Quoteo io' ileNe
wears shipment Further imports OF oilets
from Germany and pig iron from Canada nave
resulted from domestic congestion Sonser'-
attain, in holding prices at a reasonable point
IS highly commendable, and is all that prevents
an avalanche of importations- Foreign makers
would gladly secure foothold here again. anu
domestic workers fight against their own In
forests bv facilitating such a condition orders
nust he filled and the business will surely go
outside the country II home producers are pre-
vented from producing freely. open weather
has carried the season for outdoor WORK past
the usual date. which enhances the value Oh ali
s+ruc,urai materials. The violent rise in tin.
however was due TO unexpected scarcity
through tardy arrival Of vessels and corner
in supplies The artificial nature of the ad-
vance was obvious from the difference or more
than eight cents a pound between spot and
future deliveries.
Money promises to rule at reasonaoly nrih
rate during the last month OF the year. WIN
no prospect of stringency. There Is nothing
alarming in the unexpected increase or loans
nv the associated banks. as 1t was little more
than half of the much more surprising decrease
of the previous week Recovery in foreign ex-
change may cause further moderate exports
NJ gold but this is viewed with equanimity by
those familiar with the situation. Speculation
received n shock from the violent decline in
Amalgamated Copper. which became the most
active stock and unquestionably Influenced the
entire list Large speculative holdings, pur-
CT ased when the price was $40 or Soo more
than now called for protection. and other Sc
curites were sacrificed in consequence Pros
meet of legislation for frequent statements or
condition by the industrial corporations un-
doubtedly had influence. A Strengthening fac-
tor was the return of SO. 100000 TO subscribers
nv the Steel Company, while other specalties,
such as General Electric. Manhattan and Sugar.
were sharply advanced.
foc