New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-09-01
MnNnI Nm hnaLNEaa

The most Encouraging item of evidence
during The pnat week has been this, mat fhil''
fond entnInRa, railroad tonnage, the volume ot
business generally, do not get lnelenao Ia pro
uolliOn t0 The glont Increase since lnat yrhr III
horticultural production. II was pnllly IN
reasonable, Ia be- sure, to expect Tint the fnll
effect of largo crops would be- felt before the
rattle NJ the Irnplng mnclilncs had ccnsed. 1ho
cotton and the corn crops do not begin b. como
io market until after September the harvest
Ina of vhpnt Is hardly over, aud In the winter
wheat regions the farmer Ia especially bny
In preparing for another season. large guam
tity Of wheat hns come IN since July |, " is true
nj the primary Western markets The receipts
for seven weeks have boon i1,1uOOoo bushels
npaiuzi OuO.Op for the snmr WrokH last
year liut tho decline Ia 0lhrt gram hhH b''h
nhoui ~ great, 80 that the aggregate move
menl haa been about 57,OOO,OOO bushels ~ II
was last year, Evidently the farmers hfh SIN
INDUCING the idea that 10 must be possible lo'
them, If they wait long enough to get better
price than go cents for No, red wheat ~
New York The movements likely to be rather
sluggish until they realize how largely the old
stock and the new supply exceed the proba-
bic demand for consumption.
Until the crops move freely, and have been 30
marketed that the farmers begin to buy freely,
radical change in the state OF business is not
IN be expected As was noted last week, more
bopcful tone prevails already. Our people are
always disposed TO discount the future and
with large crops assured, and a strong proba-
bility that tariff agitation will be stopped for
years by a Republican victory, the belief III
better trade hereafter naturally rises.
II il good sign that some large contracts
have been made by manufacturers One involy-
ing about $500, 900 worth of pig iron has been
taken by some Southwestern furnaces, and
there was considerable activity last week at
Philadelphia, with some stilfening of prices.
Transactions in steel rails were also large.
amounting to 10000 tons or more, but at low
figures one large lot for Western delivery was
at S26 IS at mill, and it is stated that T26 has
been taken for some moderate lots. The de-
mand for merchant iron is also more active,
though rs low rs 81 80 is quoted for ordinary
qualities Nails are weaker at 81 20, the possible
production of steel nail, having some apparent
influence on a market otherwise over supplied.
Nothing of importance has occurred in the
money market which is stil congcs,ed. Signs
of movement Westward have ceased and the
bank, reported no change of consequence in
their condition. Two moro wrecks of spccula-
ton have gone down; the Albion Bank was
cuetcl by its president, and the N'nia Bank
was puudorcd of a third of lis capital ard sur-
plus b, the cashier but these events have less
effect because there il visible recovery from
the speculaiiye craze of which such robbctics
vrro the natural fruit. There was sharp cor
nor I'm port, ~ Chicago I'm which The people who
sold what did not belong ~ them were the
sufferers. but the hard market WIS rather quiet
and depressed wheat dl not change much IN
price mon did corn mud oil. after - sharp nd
vpucu 80 Got, cents ou account o' flv"lpll"
monthly report. Weakened little on saturday
nndr trnlit1liona. The s1cA IT cotton were
not ycN ntHc bat reported iuipy HON
drought la lho SoulhNcil caused nn advance OF
nu eighth IN price,
The slod market l4 not clwueDd Ms char
actor Those who drludod Themselves with
the idea that tho strong holder, had sold and
were going ont oi business after "iuupng
ON prccsn little, soon found c'u,o to regret
il. The market docs not naturally advance
with readiness, because the present state of
business and earnings IA not such as 10 CON
vince the average outsider that NIL danger Is
over. Whenever that safer and more pleasing
srnfo of things arrives, tho outsiders will buy
and then the future Of the market mny be
leAs clear than II Is now.