The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1888-10-23
BUSINESS or THE WEEK.


Money Market.
NEW YORK October i9.-R. G. Dun & Cos
review Of trade for the week says:
Another months official returns SHOW that the
export uade IS seriously retarded by prevalent spec
ulations. Exports OF bread SUITS, cotton, provisions
petroleum and cattle from the principal ports in
7Gl last year. The decline indicates IN excess of i'm
ports over exports in September in the previous
But since October LIST, the bread stufs movements
has been almost entirely GrrtR.ed. as is natural
Liverpool, and December wheat as
high at Chicago as at New York. The perception
OF the unnatural state Of markets has led to some
QecHna IN speculative prices during the past week,
wheat having fallen as cents, corn 23s cents hogs
and lard quarter cent each; cotton an eighth
But the enormous supplies of money still facilitate
great speculative activity.
During the past week the treasury has reduced its
cash on hand by sl2,oo00o0 gold; s., 100000 silver
and $780, coo legal tenders An addition of over Sl5
ooQOo0 to the circulation in week would tend, in
ordinary conditions to lift those IL speculative
prices has been downward during G the week
And even the stock market has yielded little
prices averaging shade lower than week ago,
though somewhat stronger on Friday.
Notwithstanding better news i'll regard to north
western rates and favorable reports earnings it
was seen that the shrnkage in exports would affect
traffic; that full reports for Septem Der showed de-
cine OF six per cent in earnings mile operated
peared regarding the Baltimore and Ohio and Mis-
souri, Pacific finances while the large decline in
Atchison and Topeka stock had some influence
maintained III spite of some adverse influence.
me domestic trade continues large, and the hope
fu feeling does not abate. Every interior point re-
ports business as improving and at not few points
It is larger than year ago.
The increased transaction at speculative centers
swels bank eeGrngs so that the increase outside of
New York over last year is about 10 per cent, but
with full allowances for the influences of specula
ton, it is evident that the volume of legitimate
of money is hoard this week from any quarter and
the demand from this city, though still
large, shows some signs OF abatement. Nor
are complaints of Hardness in collection frequent
as they were recently. At nearly all points i'm
provement in that respect is noted
decrease of % tons in the weekly output of
charcoal iron makes the net increase during Sep
TENDER in iron OF all kinds S,645 tons weekly or
per cent Bar iron is rather less firm owing to
western offerings and in rails no eastern sales
reported and only 10 600 tons at Pittsburg and 90
900 tons at Chicago. Official report shows that sales
for the nine months ending October first were 1884,
Ss3 tons against 1883, 1875 last year. and deliveries
92l 1853 tons against 1,S9O,s25 last year The coal
largely anticipated,
IN lead fail Of 40 cents per 100 pounds in a day
same influence lifted coffee Slightly, though the
distributiye demand is still restricted. The sugar
market favors buyers, and in groceries generally
there is some evidence of slackening demand
The wool market continues strong with the best
grades scarce, and prices have again slightly adj
vanced.
A hrmer. feeling is noted in dry goods
though the trade at present Is only
moderate in volume and buyers continue to oper.
ate with caution. IN the light Of reports received it
viii be that the volume of business isremarka.
bly, well sustained on the whole notwithstanding
the influence of political excitement With many
person deferrings operations because of uncer-
tainty regarding the fuS,re policy of the govern
ment and with many others devoting much Of their
time to political activity some diminution in the
volume of trade would De natural. But dispatches
indicated that IN all sections of the country the i'm
preston prevails that more active and prosperous
trade maybe expo ed after the election. /.
Business failures occurring throughout the country
during the past week, number for the United
States POP and for Canada % total pa against 227
last week.