New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-10-12
MONEY AND BUSINESS.

When political excitement rises in contests Of
National Importance there is usually pause in
business, which people almost invariably attribute
TO something else But there is nothing strange
about it millions of people are busy much of their
time in public affairs, and uncertainty about the
future policy Of the Government is forced upon
the attention of everybody In several of the
most important States, men are just now solemnly
informed that the National policy is about to be
reversed, both as to industries and as TO the
currency. and while doubts remain business is
likely to ag Hence it is, on the whole encOurag-
no that there is but little shrnkage in other than
speculative transactions, and the volume of eX-
| changes through clearing houses outside New
York keeps close up to that of last October, which
has never been equalled in any other month
Though the aggregate Of business is about the
same, there are important changes IN some
| branches The wheat movement continues ehor-
nous. Inst week Western receipts were 6,5SO,j54
bushes, against 3,434,49 for the same week ias'
,cor and for six weeks ending October 10 receipts
were As, 500,744, against l0,So','o4 DushelS "Su
| ,oor Reports of serious injury by rain to UNI
threshcd grain in Dakota and paris Oh MiIlneso'a
hc,rcd q rise of nearly 2 cents last week, but
oxnorts were larger than the week before, though
not nm 70 nrcvious weeks. Corn and oats changed
Tho latcr foreign adviccs do not entirely sustain
..io,o % to deficiency in yield for in some
rptri.s yhev indicate crops nearer the average,
ora ,bo exports from Russia are surprisingly
tro IN view of accounts Of famine there.
Cotton advanced an eighth with reports OF FROST.
hrt the receipts from plantations arc now l,3O5'-
7G3 bales against 330,S32 for the same oaIe laSC
vcor when the crop was large beyond all prece-
don't and vet exports thus far are 2O2,OOo DaleS
legs than from September TO the same date last
veor and the takings of American spinners 24,OOO
baes less. Goods are in fair demand. threatened
strike at Fall River has been ayerted and some
qualities have advanced in price little Uniess
foreigners buy more largely, or planters send for.
ward cotton less freely. reports OF injury VIII
hardly advance the price long, low as 1t u.s. The
cattle movement is not large. compared with Octo-
hcr Of last year, the heaviest month on record but
4; fairly LARGE nevertheless. Pork packing for the
summer falls behind that of last year nearly ~
nor cont. but in 1890 hogs were rushed to market
in great numbers where corn had faled WOOL
sales Mt all principal markets Tor the year thus
sar fall per cent behind those OF last year to date,
hut there is q better demand OF late and manu-
toctrrers count more confidently upon improve
mcnt With very heavy receipts az the West. the
nrices Of lO4 grades average 23.7 cents, against
23.S Genus July l.
Another evidence of the volume of business,
which should not be overlooked. is that railroad
earnings on l40 roads reported By The Financial
Chronicle" aggregate for the month of September,
Sl5.2 O4 ,5O4 against SAL ,472,70i gain of about
O per cent. The increase in miles operated is
about per cent. and rates obtained are also
higher. "The Railway Age reports only 2.s29
miles of railroad built in nine months this year,
against 3s42 for the months last year. which
may be attributed to legislative rather than bust
ness causes but for this reason In part the sales
OF steel rails have been comparatively small this
| year 1t is, therefore, the more encouraging that
the demand for pig iron strengthens in spite of an
output close to the largest ever known. and some
improvement is seen in the tone of the market for
bar iron while structural and plate mills fairly
employed for the present There Is nothing new
in respect to leather or boots and shoes. though
Western sales are large. The lumber markets
at the East are steady, and at Minneapolis very
active and advancing.
1t can hardly be said, in the light Of all these
| facts, that business has been much retarded, on
| the whole, and the movement OF currency TO the
interior from New-York banks amounted to S4.-