New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-10-25
lfnNkY IND RTSINESS.

Contrary to recent custom, las weeks returns
showed an "A Vance III the price of grain ana
snme other prohucts. AMI weaknass in stocks.
Whether the l0ng-exDectrd reaction inde"d'
mas come or not, the symptoms Certainly renner
an upwaid movement in grain anu IA howh
,y,rd movement in stocks less improOaple IMAM
LEY seemed a short tine ago. hllr'au earn
inos continue goo |, bit SOW an Increase ol
only 3 per cen for tn second week ot Oct"D'r
c,mnared with las year. whereas the advance
!, nrices of SO k. has been more than twice
"a great. The supply IF grain is unquestlona-
hlv large. and sufficient for all probable de-
m,nds. but exp ,rts, especially of wheat, nave
been heavy, and exporters are now doing much
of the buying.
The ruling feature in the stock market is the
continued buying on foreign account, which
snsIaius the prices of many stocks nOtwth-
standing evidence of weakness IN the home
demand. Here the greatly increased frequency
with wnIch low priced an MT certainly vtlna-
HE stocks are offered III loars, the decrease in
,oaas by the banks, indicating disposition to
refuse such collateralS, and the increase IN re-
serves unemployed, are slgls which would nat
urally foresnalow ieclne But the move
ment of gold from Europe, Sl.OOOOOO having
arrived during the past week, gives notice IN
tine present state of foreign x)prtS 81 i'm
u,rts AS has been repeatedly ob of Late.
that foreign investments III American srcurt ties
must vet be LARGE IL l. said th Il con .lderdble
anxiety s felt on the other SIDE Because of thus
n.r.i ,tent drain of capital TO A ncrlcan IN vest
ments. and especially on account of the col
lapse which experience ha' led foreigners To
mn ut vel n
of their stocks. Bat the course of managers
Tins IT thus season IN licateS "A desire 10 III Ike
the utmost of an excellent tall Business. and
tns shipments of grain by rail, considerably
Lea. than early in SeDtcmb r, while lake ship
ments have increased abodt 100000 bush Is
week since that time without lower rates.
show that raj rates are unusually we'll main
tanned TIE recent COLLAPSE In Jersey Central,
and IN some other stocks which were sharply
advanced during previous weeks, ls not sur :
prisiny; the noticeable feature has been the
general steadiness in spite of these erratc
movements.
Last weeA', exports of wheat from Atlantic
| ports were about % per cent greater than foI
the cnrrespon linz week last yelr. and corn
exports abOu, per cent less. The nonsense
abont short invisible supplies and possible III
Jury To winter wheat are hy. which usually
| ACCOMPANIES any specnl tive advance, comes
now from the usual Western sources. But tue
| fact remains that the country has more grain
! than IT Is likely To market at any price. a con.
siderable advance. nevertheless, from the re-
| mark bly, low PFC = litely made would not be
strauge. especially If news from Eastern
Enrove should look wari9e Hogs are little
higher al Chicago, but lard and pork are lower
than a week ago, and the oil market, after
some advance has settled back 10 the same
,r,ce. Cotton also Is weaker, because stock,
are rapidly accumulatiug in spite of receipts
| Iitll,. below Those of last year; the stocks al
| nnrts and intcr,bf towns are now 5000 Dales
more than year ago, though receipts hav,
INN. FAR been 80, 200 bales smaller. and the
pr,ce il GA cents against 97s year ago. PRINT
cloths are strong, AM the export demand fol
brown cottons is good, but unsrasonaDl,
weatiijr ia given as a reason for distinct dim
mutton in the movement of dry goods generally
an especially of wOollens. Iron grow
stronger without definite changes IN price
the weekly output OF October was 63 per cen
larger than "a year ago, and yet there are III
signs Of weakness. Coal IL active, apDarentl,
because many orders were delayed IN Se3tem
ber for in that month the reported consump'