New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-08-25
vo\ly ASH HlNiNrsg


While the pin vert he not been ono Of
.a,at,,iI.lty Ina hutiu.I circles lhrro ms been
noI,ll,t improvements ia tone lhoush the hot
weather affected the volume of trnA't'n7.
,he disclosure Of ruttrnrcs, Ia another country
bmk orclsoucd uo disturbance The banks
of Nrv-YoIl, al last begin 10 report Decreasing
reserves. aud One moycm.I To the interior had
undoubtedly taken oil more OF the surplus each
by the end of the week than the averages lndi-
Gated. The decrease in legal tender ON hand
WAS only 81 MS, 900, but the deposits point TO
q further loss in bank notes, and the increase IN
Treasury balances does not account Tor the
whole Oh the visible loss by BANS. The sur
plus reserve however, is still lo00O'ooo
orcatprthan il ever has been prior to this year,
and Il more active employment ct money h
legitimate trade can only hc regarded at tins
time D., beneficial alike to the country and 70
the banks.
i.ahapcful indIcltion that tho leading pro
duee markets seem more free than usual rom
surculativc fever. In wheat, there was but little
change price during the past week, and the
,yDort movement was fairly active. 1t Is to he
expected. however, that the large English yield
viii soon operate to restrain the demand from
that country, and the crops on the Continent
also seem more satisfactory, prices declining IN
France and Germany. The probable yield in
Great Britain. 100000 bushels, is about
10000 bushels more than the crop of
lSS3. and the quality is said to be exception
ally good. With prices here ranging rather
below than above 90 cents for No. red at
New York, the export demand would be much
greater than it is if the folly of manipulator5
last year had not left this country with large
stock on hand. Foreign dealers reason that
our farmers and traders cannot well carry much
more wheat over another year than they held
over from last year. and hence look for cheaper
wheat hereafter. Corn, on the other hand, has
advanced about . cents mainly because of pre-
vious speculative sales while oats have some
what declined. The market for lard and pork
at first showed disposition TO advance in sy IN
pathy with corn, but afterward declined.
In manufactured goods prices have been low
for long time and show no tendency TO all
vance. though the closing of all the Lowell
and most of the Manchcster mills September
/ st is expected to reduce the production 1872
600 pieces. There is more hopeful tone
and better demand for goods and the fall
of one eighth in raw cotton last week was en-
cOuraging to manufacturers, but the hand-to-
mouth policy ofbuyers still dcfersany recovery
of prices so long as the stocks on hand are
large. The market for woollcn goods was also
larger, and quantities Of various kinds were
sold at auction last week though nj low prices.
Receipts of wool at Boston continue large !;
last weeks receipts in bales and those of the
wear thus far compare IA follows with those
of the corresponding portions OF last year:
1854 1888
pom,s c. Foreign. pom.rtle Foreign.
T " EN-. 5oi3 GSSo 40 ~ 9.o G'2 nqiG7
Notwithstanding the heavy supply prices
are firm. and an advance late in the season IA
expected. If the manufacture improves.
The boot and shoe buaincsa in al7o
large. though not quito up 10 that Of
lnp year. Tho nhipmonla from lloaton
since january | have been l,Gpl.Otb caaoa
agpinal i.7b7.pa0 Tor tho corresponding part
of 1883 .bNi. ub7 cnarH IN 1850, aud l,b1l, -
coo In 1851, The decrease IN comparison with
last year L. loss than / per cent. aud the
movement Ia larger than that of any PIE, loua
year. Though dealers slll adhere 10 the policy
of supplying immediate wants only, and tho
prices remain as low AZ at any period many
manufacturers report recent orders large
enough to prevent shutting down. The leather
market hats been sluggish, with yielding ten
dcncy.
In spite Of n rather better demand for
iron in various forms, the price does not adj
vance, while some sales of large steel rails were
made at T27 here aud at Philadelphia, and 1t Is
limited that $26 or SIC 90 has Ill some cases