New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-10-12
MnNEY ND RESINESS.

LAST week things went mp, the mercury, the
water about Hell Gate, oil, wheat, corn ana
stocks. lie who did not believe that any ad-
vance was lcgIt mate and everlasting was ont
of fashion There was a good deal toJustlty
the uplifting. The railroads did better ana
promised better. More confidence marked the
negotiation Of Loans the purchase OF bonds APP
pcarcd 10 indicate a real revival of the invest
ment demand. War reports prompted higher
pr,ccs for grain IN + lrope, and tle settlcm 'nts
about October , showed slight increase IN
comparison with last year. How TAR the actual
situation warrants such changes of price as
have already taken place, or the further
chances that are expected, everybody must
nudge for himself from the substantial lactS
winch can be briefly reviewed
The railroad earnings III September were
better than those in August, and yet on nifty
ak railroads were $N2.9l3 less than those of
the same roads IN September last year, though
the mileage of the companies had increased
1892 miles, so that the earnings per mile on
these roads averaged Sljj In September, $3.50,
against SIG9 IN 1884, n decrease OF 3 per cent.
Rates are not yet maintained. and it is charged
that some new contracts are made below the
AGREED rates and dated back, but ii is expected
their agreements earnestly. The shipments last
week from Chicago amounted to 55,lGO tons
oroinst -, $40 for the same week last year;
tbe Vanderbilt roads, the Baltimore and ONO
and the Chicago and Atlantic moved about the
same proportion that they moved III the pre-
yIous week, while the Grand Trunk lost 9.3
pcr cent. and the Pennsylvania road gained 9.3
ncr cent of the whole. The advance IN stocks
was not fully or mainly confined to roads al
fcctcd by trunk line agreements. The Della
ware and Hudson, the Lackawanna, the Michl-
gan Central, Ohio and Mississippi preferred.
and Missouri Pacific gained over cents each
last week, and the Burlington and Cedar
Kopids and the Western Union gained . cents
mr. over There was great deal OF activity In
stocks which no investor ever buys, and when
the procession of substantial securities Is
ioincd and passed by the onward rush OF the
wildcats, it sometimes happens that change
i near. But the advance continued to the
close. at which sixty active stocks averaged
&I1 &c. against sol II on the 18th of August,
and SOL - in August last year, and these
three ponts have been the highest touched
since Nav 3. 1891. AS the advance is not due
70 q public hunger to own railroad stocks but
al
there Is no good reason to say that it will or
will not continue
rbe gram market has advanced 13i cents
for wheat, 32i cents for corn, and Il cent for
oats. the Liverpool quotations having lllted
hftlc But the export movement mas Dech
further reduced the latest weekly report being
thc smallest for two months. 1t IL sald that
corn is 80 low that farmers Will not market
,ho rr,ce Is now 81 cents, and has been lower
,.ycry wear but one in the past thirteen years,
o,d nr,bohIy there never has been before rs
L,r,,. q crop rs is now waiting buyers. III
war in Europe sustains the speculative adj
vance made there, il will be very helpinl TO
rho owners Of b. 600, 900 bushels now III WIS
lille supply; though higher wheat does not
nronniSc better traffic for the railways. but
would tend, with IN advancing rate, to dlmll-
! isb shinflcnts Cotton changed but little last
u,..c,,. though the quotations Of the new instead
or ;he old stock ma le IN apparent decline OF 4
cc,i The price Of print cloths fell again
shade. and the report of tn, National ASsocia-
hon WAS regarded rs iniicl.lng y'id rather
,ar.er than had been expected by
some. Lard was more active, 1t was
said. .'in sympathy with corn notwithstihd-
ing the increase Of IS per cent II the receipts
nj hogs mt Chicago tins year. but IT gained III
uric. oniy > ccn.s per 100 pounds, ani porA re-
/ naned steady. There was a slight advance III
/ cheese and eggs, while sugar declined, and col
fee yas active with 4 lover tendency. Inc Oh
market is practically urchangrt iroh ana
! s.ori products are very steady, ana ono tf','
n,cts are still deemed hopeful. ALthiari.e c''.''