New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-09-27
eAIEs FROM O'CLOCK P. NJ. TO CLOSE or D
9 O'CLOCK p. ~.



A careful review Of the commercial situation Tor
The week ending with to-day coInrcls tho acknowl-
edgcment that it fails to present features OF an on
couraging nature A "dIy goods reporter reluctant
L. writes: alt is now conceded that the business
this Autumn will be much lgherthan last" while Of
the metal and hardware trade is sald That those
few who expected large Fal trade are much disap-
pointed" while from the grocery trade the reports
are but little better with remarks Ike inc 1OilOW-
ing: The Ahrens balance sheet cones out very bad
w. and the offer Of 90 cents on the dollar by Of
orr Oldest refining houses very slgnlHcant or inc
danger of relying upon appearances AID the ire
sporsjhle statements Of friends who pretend to
know" Tho foregoing statements, in connection
with marked decline in the price OF grain, but not
vet sufficient 10 stimulate the active exporting Of 1t,
ore not encouraging indications for the Immediate
future ard to teach tho lesson that the game OF
Drag" which has been so persstently played al
the commencement of each business season eince
Che panic of 1873 will not restore confidence" nor
enable the unemployed laborer or mechanic TO
largely invest in sureriuOus dry goods. In the dry
goods market considerable excitement ana str
has been occasoned by the sale of about 1000 cases
of prints" Of different makers through the firm OF
Eessrs. II. 3. Cla1in IL Co, at prices lower than
ever before known in this country. The sale has
boon called a great "success," which undoubtedly
il was if "succeas" consists in selling goods without
profit but the natural sequel to much of this kind
of "succcss would be found in the truth Of
runor for which we do not vOuohl that one OF the
"printersD whose goods were thus sold intends TO
close his principal works on Oct = IL wooden goods
a parallel 70 this sale of prnts was furnished by
n large sale of imported goods through the auction
bonse of Messrs Townsend & Montant, which
eultod in net loss TO the importer OF upward of
$4,000. While such sales as these may encourage
a spirit of speculation in the particular com
moditics thus disposed of, they do not indi-
cate a healthy or prosperous condition or trade
The week opened with firmer tone to the general
speculative stock list. and prices improved Tor me
first two days after which came decline, followed
by an irregular market, closing strong, with the
losses and gains for the week about equally divided
Ono of the principal features Of the week was new
attempt to bull Lake Shore stock, which was 80 far
successf! as to raise the price ut time to 55i
from which it declined to 527s and. after ralying to
81 closed At 53s. II is surmised that the movement
had no basis except in the belief OF large out
standing short interest and the desire on the part CT
certain operators for higher basis on which to
renew their own short account. There was somo
talk of an advance Of rates on East bound freights
to take place Oct. but this il true. would be OF
but little moment so long the lake navigation con-
tinues open, after which it is probable that mo
Baltimore and Ohio Road as in the past, VIII adhere
to its rate not exceeding 80 cents per 100 pounds Tor
fourth claaA which nnlsss there should 10