New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-10-20
iLnNEI lNh hrkiNESs

1he past werh has been 0ne ~ uncertainty
sNa p,Nt,Al aWlNpss IN business ciirlrs The
| hANh changes wese ani,r unw0i,ht M Nothe,
| ,hUNsb ,he ArspNee Nf ehAnse "a ~ WNAikAhle
| kAiN,e RW ,he seasaN aNh iAdWAtea WpAsNie
vt dIstUs, ARt hesitation Al0seihti NANsNAl,
| IhoWgh lNleIsn exchange Is Rear the ImltHlihs
| point, thele ave no sIgRs at gNld fpinlhs ~
| prcsCnt. Iotton gQe, cut freely, and ggaln III
considerable quantities, but Il l. prohable that
| the movement III securities Is III the opposite
| direction, and tends to balance the account.
The failure of the railroads to settle their
controversies has caused "A further decline III
stocks, some having touched the lowest point
for the year thus far. Added to the sale of Mr..
Vandcrbt's Jersey Central, came the refusal
of the Pennsylvania to continue traffic arrange
ments with the Baltimore and Ohio, and retail
atory steps by the latter company, which pre-
cipitatcd general strife in passenger traffic.
The Grand Trunk has also taken a
hand, offering low rates, and it is
feared that the struggle may soon extend to the
fire gh; business indeed, there are reports that
freight is now taken from Chicago on a basis
of ) cents though the nominal rate.h not
been changed. While it is evident that a gem
eIal improvement in stocks can hardly be cX-
pectcd while the roads are engaged i'll such Il
wranglc, it still remains the fact that the great
holders and managers would be strongly
tempted to settle their controversy. and To co
operate in IA movement for higher prices, if the
nolitcal uncertainties were satisfactorily termi-
mated.
In the dry goods market there has been dull
ness during the past week, and some failures,
particularly of one manufacturing concern
With printed cloths, Glx64, selling at Big cents,
it is not surprising that many of the mills are
suspending production. In wOollen goods there
was some improvement in demand, however,
though the wool market was dull "A further
decline in raw cotton to 9.93 for spot and $50
for October resulted from the stoppage of mills
in Fail River, and from larger estimates OF the
Weld this year. Though the receipts at ports
are nearly 100000 bales less than last year to
date. the exports thus far are little larger.
The enormous accumulation of wheat con-
tinucs to depress the market: last week wit
messed a decline of about 3 cents, November
closing at slas cents. Corn declined about 2l2
cents. November closing at 60 cents, and oats
also were lower closing at 3ll4 cents. The
opening of another well of unprecedented yield
caused extreme and sharp decline in oil to 59l2
sales brought recovery to nearly 90 cents.
In the other produce markets the movement
was comparatively unimportant.
The outlook in the iron business is distinctly
better both because of stronger demand for
good qualities of pig and for steel rails, and
because of clearly defined upward turn i'll
prices, particularly for rails. Few companies
now take orders as low rs sos 90 The report
of furnaces in operation October 1 shows ca
pacity of ~, 6ls tons weekly, or at the rate OF
3,776,13 $50 yearly The Bulletin of the Iron and
steel Association says. We will produce this
year as much pig iron "a in u $780, and it urges
that much of the depression that is now said to
exist is purely imaginary. While prices are
low. the volume of production and of consump-
ton continues astonishingly large, and the feel
ing in the trade has consequently improved.