The morning news., 1888-09-22
GOOD TIMES LOOKED FOR
DUN g. co. STILL GET ENCOUR-
AGING TRADE NEWS.

The Past Week One of Sensations In
Stocks, and OF Moderate Trading and
Changes in Other Speculative Mar.
kets-Money in Good Supply in
Nearly Every Section.
New YoRK, Sept. 21-R. g. Dun & Co. S
review of trade for the week says:
1t has been a week of sensations in
stocks and of moderate trading and changes
IN other speculative markets. The volume
of legitimate business continues to improve,
though less than many anticipated. Crop
reports are altogether favorable as to corn,
but less clear or satisfactory respecting
wheat or cotton. The general average Of
prices has again declined slightly, and the
fall since Aug 81 is nearly 1 per cent, the
advance in July and August having been
about 211S per cent.
In stocks the severe reaction, averaging
So per share, eliminated last Saturday, and
there has since been an average advance of
81 SO per share, with a rapid rise in some
securities that had been sold for future
delivery on foreign account or otherwise
BANKERS DISAPPOINTED.
Bankers are somewhat disappointed be-
cause the movement of products and the
demand for money do not increase as rap
idly as the reports of large croIs had led
them to expect. But the crop which is
most important in railroad or financial
respects is not large the yield of wheat is
81, ,000, 900 or 90,000,00U bushels short of
full CROP with much uncertainty and very
contradictory reports about the outcome in
the spring wheat regions.
Heavy rains, late in the season, have also
injured cotton certainly TO some extent as
to grade. and probably as to quality, though
no accurate estimate of the injury can yet
be made. That the crop is unusually late
also, and in parts of the south the disturb
ance caused by yellow fever interrupts op-
erations.
A feeling still prevails that a large bus
mess may be expected for the coming sea-
son, though fuller supplies of money at
western and southern centers may cause
the demands upon New York to be lighter
than usual
THE MONEY IN CIRCULATION.
The official reports show that the money
in circulation of all kinds was about
81, ,361 100000 Sept 1, against 81, 1921 900 900
a year ago. Reports from interior points
show that money is generally in ample sup
ply, though the market is tight at Atlanta
Collections have so far improved that com
plants are now very few. For speculation,
money here is in abundant supply, but for
commercial uses the market is growing
harder.
1t is still noteworthy that feeling Of
great confidence as to the future prevails,
and the iron market grows harder at Phila-
delphia.
Coal moves largely on past contracts and
the output thus far is per cent. in excess
of last year.
In wool prices are shade higher, but the
demand for goods is still unsatisfactory.
Purchases of manufacturers are more mod
crate.
FOREIGN TRADE.
Foreign trade has improved little, but
the exports for the past three weeks from
New York are still Q per cent below last
year, while the imports here show an in
crease of 9 per cent.
The preliminary statements for August
show that the exports of breadstuffs, pro-
visions, cattle, cotton and oil were $8,577,-
33S smaller than for the same month last
year, or % per cent. but last years exports
for that month were exceptionally large
Wheat ha' been moderately active with
sales of 29, 900 bushels, and Il cent net
advance in price, while corn has declined
1Ac., oats &c. and oil s4c. Pork products
are highe'. Cotton has advanced Lice,
with sales of 404, 900 bales, and coffes &c,
with sales of 100000 bags Hides are
steady, but leather has advanced fully 1c.
The rapid advance in bar silver from
1880 to A. 19 per ounce, marks
an increasing European demand for
Indian products. Meanwhile the exports
of wheat from this country for July and
August amount to 18.500,000 bushels, -four
included, against 81, 750, 900 bushels last
year, and the supply remaining for export
is probably about "a, ,00O. 600 bushels greater
than last years exports for the rest of the
crop year.
The business failures occurring through