Telegram-herald., 1889-10-08
.heObSerVer

The deliveries Of wheat have been
unusually light considering the harvest.
no cOubG that one reason u tbs IS the
me weather during the noath Of sep
telaber. Naica gave the farmers excel
leaL opportunity Tor seeding the.r s.n-
tar wheat aad dong 4 good portion Of
their fal work. Tae amount ot of
gra1e' anest marketed il some local.
ties las been a matter ~ surprise 70
some. Ine fact Is, that farmers in lo-
c4L-es where tls wheat 8as damaged
aarlng harvest by the wet seAther have
done much 0f tAis marketing. what
Is % come viii be mostly Of a better
quality. a good deal If damage VAS
done % wheat ia July, but We think
tl azgre1 gate las been everest mated
closer money market, As was an
re paJed last week, has checked gen
eral operations 10 some extent. No m-
prDyement ln the commercial loan
market. Collections fairly satisfactory
The reports Of business from all parts
0- the country show Increased activity
ol the whole, though ia many places
uade Is not up 10 the September level
BOstOn reports fan sales OF wool and
more inquiry, larger sales Of leather a.
talr prices, lumber looking up. Phila-
delphla notes improvement Wool ana
al. branches OF the iron and steel bus-
ness, dry goods but moderately active
and clothing not ao active As could be
desired, some slackness IA groceries,
especially IA sugar ard coffee. Chicago
uuts business larger than a year ago
with heavy country orders, showing a
large demand and easy financial
condition throughout the West.
Grand Rapids hnOs business on the IN
crease, rather better than last year this
mootn. The years receipts OF cereals
ttA OF = little, but OF provisions are
nearly dOu led. Cleveland finds al
branches Of business improving, eSpe-
clally the IRON ana steel trade. Pitts
burg notes higher prices n IRON ana
steel; glass business active, with works
all operating; coal business rather dull
awaiting water for the river movement
Throughout the West excellent crop.
are the basis OF large buying 10y the
farming strlcts, and confident hone:
.
The bank exchanges for September &c
date shows an increase over last year OF
only , Der cent. at New York, p pei
cent. at Boston, Philadelphia an Chica-
20. An average OF Il per cent at al
other cities taken together.
Iron Is always the basis of operation.
There Is some danger at present of il
running into an unhealthy condition
Great IS the anxiety OF many 10 stimu
late the demand. Southern No. l i:
stll sold at Sl6.75, but higher price:
than SIS are paid for desired braud
which are scarce. Structural plate
and wrought pipe are strong
/ OF bar there is not much buying
+ Some mIlls are inviting orders at l.S5
I Rails have been sold for $29 III cOnsid
erable quantity at Eastern works, bu
| Philadelphia quotes S3l and the Yves
correspondingly higher prices.
Only 1900 miles of railroad have beer
/ built this year and it is still an OpeI
7 question how long the demand for iron
and steel products IN the aggregate vii
/ equal the constantly increasing supply
I In our judgment this branch of busi
ness Is being OverdOne.
The cotton manufacturer has reason
to rejoice at the collapse of the Liver
: pool corner, and the price Of raw cot
ton has declined per cent.
Wool manufacturers are buying NOR
freely, though prices OF goods do no
improve, and sales are larger only il
some branches. The wool market i
said to show a better tone, because con
cessIons have induced larger trans
actions, but the high prices asked, stil
push consumers TO take a great deal 0
cheap foreign wool instead of Amer
/ can.
Wheat trifle higher yesterday thai
close of last week. but very quiet an,
. steady. Oats nuiat. Corn sfeadY.