New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-09-29
lfDNEy iNU BUSINESS.

MONEY AND BUSINESS.
The surprising event of the past week mas of'h
, vcueral decline in speculative markets, h"'"I'h-
,tan,iin. an enormous expansion OF clrr'"''o''
The Treasury now holds of varions KINDS oil money
| over $50. OOO. 900 less than il held week "9o'
In addition il has issued - ,G'6ooo SILVER ho''''
since September tnF increase III Circulation mas
been about Sj3 900 900, aud no part o! 'h'S i"'Sc
| amount hns gone abroad. Ii the faNori'e ''c"-
| ri,s of more nioIcy fanatics hal any io""'
,;op. 80 sudden and large addition must nave
brought advancing prices. Yet stocks, e'a'h' c"'-
! ton provisions and oil are all lower. WIN '''''
! money there has come in every speculative inH-
ket disposition to realize and decline III prc'''
H. cannot be said that this IS because vi any
| dis,ru,t of financial measures adopted. Nor has
| any serious apprehension Vi comhi'I'i'i "i'
| 80 ;.,J o, cameo rcartiou On the contrary,
! things look just as if prices hal been soh'ho"
| sustained at an artificial height By scarcity "I
! money. and with the first moment OF inll rrii''
| came liuuidaion Many stocks, for eNaihp"'
| wcrc bought in the expectation Of Il great Doom
| in I'm, fail and have been carried for months o!i|
hrc,u~. holders brokers or banks could not ger
| ont. for monetary scarcity had made the markets
| absolutely dead. The few who han money Oh
hand or Gilt edged securities were loaded 10 the
fulI The rest of the world could hot b"S "'-
| clus.. il could not borrow. and could mol S'' ne
rarisr none could buy. In gram ana o'hrr Pfo"-
| nets i,uA. who held largely were helped 10 hiaNc
| rtiiicial prices by the fact that moIirS was 700
scarce l., permit iurlrr stocks 10 br brought i"!-
| ward finely. The instant there Was m"Nrf enough
| 10 move products, the cnlarging supply ioirc'
pricr, dnwuwar M"rry was everywhere want
| ed for tie. enormously expanding ht>ln"ss "l thr
| country and when II came within >ighf pdnH>
hau been sufficiently warned 10 help s'i'd h'>Iic'>
| Father than spec Nation.
vlr pivnicn', through Clearing House, "U'-
! side. New York III four week, hay" L''n ST.
nnn ooo ara:us, 81 ,On ruon 400 l;r,t year. an III
| crc,,c Of ~ per cent. but -, the West ana
! smith tic increase. has been ~ per cont. OF
TON Is "A s. abe luwcr than II Was Il year ago hay
iny ,lcr!Iurd - osrne ia" ias' week, ami H.
| cents from plantations sine" September "I"h
o. SO. hal.s against ,0u. tor -" silin fin"
l~i year. making 'ii!"rrnr" at S".I"".""" III
| ,hr nin"Hnt -, money irGnrrL meat Is s''i i
| cert. l,,h,r inau Il Year u2u. auI has declined
| half a c.i., IT. tie week. with r'r'lp'N AMI "A-
! port, fur three wr'ks far below LAST Year :. ana
TIE same 4, true Of corn, whlrh II /" cents higher
| O,t, AR. l. cents higher than year ae". "nd
! ,.c,ip,, large rhc moe LIBERAL supplies OF
| money may br felt IN higher prices hereafter. bht
tie. immediate effect b., hrra I" Ia"'ia'" larger
u,o>,.u-,l, and pr"rn"t" iowrr pr'r>. HOGS are
| lower. aud also ioih aud htd prtt"lrum has de-
! clucd = + c.nt> and I"iuri 10 cent, per To"
| Gallons bat e Nee and sI.Lr are hU'h - llitlr
| hlgi.rr
fnr stock niaT,r' haS been wrin, and has de
clinr,l dunn, L,.i w"ck ~ In per SNARE winch
i, mere than II thr previous week under IL"
| i.nIriGs OF Treasury pat haa'>. Even now th"
average is not quite ~ low ~ II VAS April ID,
| before the silver bnDin began. and II had he'n
considerably lower IN Frbinniy 'nd March, But
tine iicjlriou, or Imaslnnty runUrn'r, ymld p.arr
bv thls time III the Ncpi 1" the ,"lid facts about
TN, movement Of crops. As the quantity OF wheat
consumed III the interior States dos not greatly
change a DECREASE Of poOOO,oo" bishrl, III thc
| ,rid mean, A rcrra Of about U.uoU, Uon
| bu,hrls OF tally onc-thltd, III tic quantity Tails
purtrd 81 ,twafd and shortnrr> ui other crops has
similar effect. the U| r"a~' III qlanttl,', Il b-
moved Is iclt ~ Yet but lttr, and earnings tot
| eighty seven rua,is for the FIRST tw" week, and
inrtl three rua,s the third week oi September
amount TO Sls,s,i,4;.. against Sl'.o6l .od?,
showing gnir ot : l.: per cent l'ui before the
crop year i, over the loss of business Will be- felt
| by alt gram carriers. On the other hand, the
movement of cattle. hogs. and especially OF cotton,
| Is Iar.c and promises Ia exceed laet years.
| FOREIGN trade continues heavy, though the I'M
ports Tor four weeks OF September exceed last
the exports hence. improving last wcrk. tall short
| for three WEEKS OF September only t., per cent.
| I hrsc iigurrs w"nd Indicate exports eNcrriius
in ports Tor the month hN Sj,UoO,o 900 ur more AMI
| 1t Ii To be- noted that ,crIiuIlation> in warehouse
| are not large hn> lcrn feared. In August
! il Is known that Their" some decrease, ana IN
iour weeks oi September The value OF import VI
| diygu"l> lett in WAREHOUSE Was but sJA9,00"
more than III the stii,c wN'k> Of last year, "hi'
| imports Tor CONSUMPTION smaller than Il year
| ago. There Is probability that the large de
cline OF imports for }. time after the new taril,
rors into effect will materially lessen Government,
receipts ami amounts payable abroad.
| The important industries are plainly in,pruyin;
in condition, Iany wooIien mill, having gone a.
work, and sales of wool al Boston rosc last week
10 about i",ooO.00o pounds. with some advance in
prices. Tue boot and shoe movement also cN-
,.cds last years, and some further advance in
prices is Thought ikrly. The cotton m,nniurt IRE
has taken more freely for consumption. thongl,
some mills temporarily closed 10 relieve the
market for certain grades Of goods There i, (,
irmrr market for with less pressure To rrallxc
Willie the consumption appears as large us ever
better orders being MOTEL for bar, which has adj
vanccd. But rails dull, without improve.
mrnf in price. Coal is considered in better cun-
dition. though safes nt IN" last advance are rr-
ported Tin and lead have ad .anrc,l, the latter
almost 10 tho importing point. The effect Of The
new tariff "n the prize of sugar is much disc, SCI,
with general lNlicf that ho'rrS will Tighten
their load of Tins, stocks before the net goes
into full effect next ycir
The last Of the COOL fish stories Of tho sensou
81 500 has come IN. II is about II prs,mistic
.etter dog Of tender ssrc i,tibilitrs lie had b %