New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-09-28
MONEY IND BUSINESS.

A possible war in Europe, q possible settle
ment of railroad wars, and possible defeat OF
the effort to suspend the coinage OF silver have
had much more influence upon the speculative
markets during the past week than any actual
events. But the possibility of railroad settle
ment nearly expanded into probability without
favorable effect upon the stock market, and
the lesson supp osed to have been learned no
longer ago than last April did not prevent specu-
lators from rushing up the price of wheat at
the first rumor of possible war abroad, though
the price here had been for long time relatively
above the price in England. Nor has the publi-
cation of Mr. Warmers so-called compromise
silver bill tended TO restore confidence in the
monetary future on the contrary, there Is
visible increase of apprehension. but the
markets for wheat, oil and iron acted as if UNI
certainty and distrust were the parents of pros
perity.
The iron business has so fer improved that
the price Of pig begins to stiffen, while rails arc
held at $50, and bar and nails are stronger than
they were week ago. or all the evidences OF
real Improvement in business thus far, this Is
the most stantial, for the increase in the vol
ume of trade shown by exchanges Is small, even
in comparison with the great depression last
wear, and may be attributed wholly to the change
in prices and in speculative activity. Tho increas-
ing demand for dry goods might BIO attributed
in the main to the fact that last falls purchases
were cut down t. the minimum by financial
disorder in the summer and by the decline In
grain and stocks so that, after yeaT OF consld-
cradle economy, there is reason to look Tor a
larger consumption of necessities. The demand
for iron products may also be in part attributed
to renewals and repairs deferred by the rail-
roads, but 1t is undeniable that much new bust
ness is reported. Some part OF it is not OF
healthy kind for example, the building of new
paralel railroads at the West will not make
the railroad business more prosperous here
after, though for the moment it gives work to
some establishments. The anthracite coal bust
ness is also mere active, though not much con-
dence is felt as to agreement fol- the future. lin
and copper were hoisted, as oil was, by inbu-
ences which control prices without much regard
to facts. Cotton was held steadily for the old
CROP but new cotton was offered three-eighths
below the current prices, and print cloths are
weaker again. The manufacturers are talking OF
pooling their products, after the fashion of the
coal companies as if the experience of the
latter had been such as to ehtice anybody.
The price of No. red winter wheat rose 3a4
cents. while corn slightly declined and oats
slightly advanced. There as nothing in the
foreign market to justify the ri SO in wheat, for
red winter was quoted at Liverpool only 2 cents
per GENITAL higher than eek ago and was
then so high here as to check exports, making
the shipments from Atlantic ports sma Her than
those of any other week since August /. West
ern receipts are still quito large, but there was
a surprising increase two weeks ago in the re-
ceipts at spring wheat markets in comparison
with the previous week, though the aggregate