New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-08-31
SATURDAY, Aug. 2oLP. M.

SATURDAY, Aug. 29-P. NJ
The general trade of the city is without material
change since last Saturday with the exception that
prices, especially for American staple goods have
been more yielding. A goodly number Of Western
and Southern buyers Of merchandise are reported in
town this week. but they are said to have con-
tlnued the practice adopted during the late panic Of
purchasing sparingly-" sorting up" as they term
t-and this although unsatisfactory to the jobber.
who in former years was accustomed to sell q sig
months supply in the Fall and another such supply
in the Spring, and although it does not justify the
expectation Of the expansionists who promised Us
an active and prosperous Fall trade yet to consera-
tive business men, who hope for return to real and
substantial rather than fictitious prosperity. the
caution with which traders lay In stocks Of goods is
regarded as hopeful sign of the times, since it is an
indication that they expect to pay for what they
buy and donot mean to put themselves in position
where they will be unable to meet their engage
ments. The harvests still promise to be excellent
with the possible exception of the malze crop.
which will be below the average in some parts
Of the country, in consequence OF late pro-
tracted drouth. We are also well assured
Of excellent crops in England and throughout
the Continent of Europe. These facts do not hold
out the hope Of obtaining high prices for our sur
plus cereals and have already caused considerable
ducers as are not absolutely obliged to sell their
wheat at the market price to hold it for an advance.
and should this view Of the subject be acted upon
to any considerable extent it will be likely to en-
barrass the Western traders in their collections and
in turn the jobbers and importers. Whether the
farmers who hold over their crops in the expectation
of better prices in the future may not finally be COM
PEELED to sell at lower instead of higher figures is
matter for grave consideration on their part; but
question which they must determine for themselves
since they alone take whatever of risk there may Do
involved in the delay The business of Wal-st has
not justified the hopes held out a week ago for q
further advance in the securities there dealt in.
United States bonds have been in moderate demand
and have been steady as to price, averaging perhaps
small fraction higher than they closed week ago.
The continued strength Of the funds" while other
securities show signs of weakness, is an evidence
that shrewd investors have not yet forgotten the
lessons of the panic and that they prefer certainty
with very moderate rate of interest to the temp
tations of high rates Of interest accompanied Win
the possible risk of losing their principal: otate
bonds have been dull and without material move
ment while in railways there has been no consid-
erab,e activity. except in the Pacific issues. The
Union Pacific Income Bonds have been exchanged.
according 10 report. for the New Second Mortgages
20 tho extent of about S70o0,O0O, leaving SS,OOV0
cot 70 no exchanged redeemed, in some other way
Adjusted The Incomes advanced during the week
from s5t TO s7f but, for some unexplained reason.
declined at the close of the Board to-day to S. The
money market is still oversupplied with loan
able funds at Q to per cent on call, ana
at to for frst-class mercantile paper.
which is also about tho current rate for time loans
on satisfactory collaterals. The gold market haa
been dull aud upiptagestipR with the range o. nE'a~