Wood River times. [volume] (Hailey, Idaho) 1882-1915, 1888-09-29
REVIEW OF TRADE.

REVIEW Ot TRADE.
The Volume Of Business Increasing
Steadily - The Demand for Money
Surprisingly Lieht-E,c.
r. G. Dun s. Co.'S Review for the
week ending September %: sit has
been a week OF sensations in stocks
and Of moderate trading and changes
in other speculative markets. The
volume of legitimate business con-
tinues 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 aver.
age of prices has again declined
slightly, and the fall since August 81
is nearly l per cent, the advance 10
July and August having boon about
q per cent. In stocks, a severe re-
action averaging SO per share cu',ni
mated last Saturday, and there has
since been an average advance of
$3.50 per share, with rapid rise in
some securities that had been sold for
future delivery on foreign accounts or
otherwise.
"Bankers are somewhat disappoin..
ed because the movements of pro.
ducts, and the demand for money, do
not increase as rapidly as reports of
large crops had led them to expect.
But the crop which is most important,
III railroad or financial aspects, is not
large; the yield of wheat is 80 to 80
million bushels short of full crop,
with much uncertainty end very con-
Trajectory reports about the outcome
in the spring wheat regions. Heavy
rains, late in the season, have also in
jured cotton, certainly to some extent
as to grade, ana probably as to guam
tity, though no accurate estimate OF
the injury can yet be made. That
crop Is unusually late, also, and in
parts Of the South the disturbance
caused by yellow fever interrupts op-
erations. But the feeling still pre-.
walls that large business may be
expected for the coming season,
,hough fuller supplies of money at
Western and Southern centres may
cause demands on New York to be
lighter than usual.
"Ollicial reports show that the
money in circulation of all kinds WAS
about 1861 millions, September LIST,
against 1921 millions year ago, and
the Treasury has put out this month
about s2,2O0,00O more than it has
taken in, besides adding to circula-
ton the amount OF gold and silver
coinage. For the past week the al.
ditlon to circulation has been $780,
100000, and on Thursday $3,76O,OOO
more bonds were purchased, $50 be-
ing paid for 4 per cents. The re.
ports from interior points show tina,
money is generally in ample supply
though there is some closeness a,
Cleveland and Detroit; the market is
tight at Atlanta, and rates fer com.
mercial paper are higher at Philadel
phia-the best at II per cent. Col
lections have SO far improved tina,
complaints are now very few. Fol
speculation, money here is in abund-
ant supply, but for commercial uses
II the market is growing harder.
"Business is fairly active at all in
terror points reporting, and at most i,
is better than year ago. 1t is sti!
noteworthy that feeling OF grea1
confidence as to the future prevails
and the iron market grows harder al
Philadelphia, though the Thomas
Company still sells az SIS for No. l
"rhe rapid advance in bar silver
from 43 90 to 44.l9 d. per or, mark.
the increasing European demand fol
Indian products. Meanwhile, ex
ports Of wheat from tins country fol
July and August amount to 1880,
900 bushels, -four included, agains1
,, So. 100000 bushels last year, and the
supply remaining for export is prob
ably about "a million bushels greater
than last years exports for the rest o.
the crop year"