New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-07-25
MONEY and BUSINESS.

MONEY AND BUSINESS.
The season has come when any operator OF
moderate means who has \ mind 10 pick up H.
lie money for summer expenses can make a puli
market for day or two. get ont with his ffoil'S-
or without thcm-and skip back to his watering
Mace. II ls said that the operator who ran into
town last week saw a stagnant market with large
short interest and promptly made bull market OF
his own for n while was Mr. K'ene. 1t Is also sara
that the operator who joined in with vigor until
he had realized profits from Sugar, and then sought
the cooling delights of Bar Iarbor, wac Mr. White
This is about the size of the news In Wall Street
Blessed are they who make furry of excitement
when brokers Offices are empty.
Yet there il strong array of substantial reasons
for "A bull markct-and probably on that very
account many shrcwd men look for market OF
the other sort Wall Street would go to the
poorhouse il IL often did what people expected IL
10 do Still there do come occasions when 'he
force Of concurring conditions is 50 powerful that
all the shrcwdcst operators are dragged OH 'hSr
feet by the undcrow Of public buying, anu 'Ho'''
who look for such buying movement now care
nothing for the rupture Of the Western frame
Association, which, they say, has really accom-
plehcd nothing for the railroads. nor for the
crcat strike at Homestead, which Is apt 10 be
short-vcd In proportion 10 its magnitude lh'y
point 10 tho crops, the condition OF general ous-
ness, the approaching adjournment OF Congress
without a silver bill or an anticipation Dill, ana
- the large profits said 10 he rca|eu III in"uS'cH
moro or les monopollz"d.
Crop prospects are indeed fine enough TO give
rrcat announcement The men who rejoice In
Nrhison reorganization report that Kansas raises
20 o00. 600 bushels Of wheat this year, which Is
cood news for every body except some dcmagogucS
p,snatches from spring wheat States are strongly
favorable The corn prospect has been improved
wonderfully by the weather Of tie past fortnight
and in Texas the weather has been esp'claiN
satisfactory Tor cotton, though IN some othef
State, there has been too much rain lilSh prices
FIR grain have been due to purely speculative
operations Wheat has advanced a shade, though
rcccipts at Western points last week were
i3lI $50 bushels, against 3,3j3,0 900 IN" previous
veck while tine exports from both coasts, flour
included. have been only 7,3jo,0jo bushels IN
three weeks Corn on hand ~ scare" In Sp'fu-
htiyc markets, and the price has been holht'd'
and while spot cotton has been unchanged the
nearest option has advanced shade In thr
month thus far 10000 bales have come MO
.i,h, AGAINST -. 600 last year, and tho stock of
American in sight, here and abroad has dIinln-
shcd only 237 900 bales against 10000 in th"
same time last year. Exports md the takinsS
Of SINNERS have both increased trlc, but with
only five and onc-half weeks left Of the crop
wear, the quantity Of American cotton in sight
i, still more than 100000 bales.
With brighter crop prospects there has come
pro,nptly n distinct enlargement in demand for
manufactured products. This is perhaps more no.
ticcablc in the wooen manufacture than in any
other AZ clothlcrs who have too long delayed
purchases " like goods arc crowding for imm'-
diatc supplies and paying an advance IN price
for many even while manufacturers are beginning
on large orders for heavy goods. Sales OF WOOL
have been large and the market stronger. IN
creased takngs of cotton by spinncrs in this in
stance reflect a pressing demand Tor cotton goods.
with stocks in the hands Of dealers and makers uh-
usually light. The crowding for Immediate DENY
cries is still the predominant feature IN the poot
and shoe manufacture, and shipments from the
Fnst last week were 81 500 eases, and for the
year thus far $1,000 more than last year TO date.
These and many other signs bctokcn remarkably
active demand for clothing, which does not indi-
| cate that the people arc approaching starVatloh
In the great iron industry, though many
| thousand men are temporarily idle, the urgent
| need for manufactured products has caused some
advance in prices; bar, plate ana structural IRON
| are active and higher, and it is officially an
nounccd that since the first quarter Of the year
| the unsold stocks OF pig iron have increased only
! 1926 tons, in spite of the great output III
short, the consumption is almost the largest ever
| attained even now, and Alabama and Virginia
| furnaces selling pig in the North at less
! than Sl3 for No. foundry. A sale of 2jO,OOo
| mounds Lake copper at IL "a cents is reported.
| Init lead and tin are weaker. Anthracite coal IS
dull but soft coal is said 10 Inc selling at Phila-
| dclphia at 81, against 81 30 for the opening OF
/
| pctition il providing materials of industry AT
| nrIccs which invite increased consumption, ami
| reports Of trade in almost every quarter indicate
7 volume exceeding last years. The clcarlngs
| outside New-lork for four weeks have been II
nor cent greater than year ago, and railroad
| earnings for two weeks OF July have been 60
| per cent greater than last year, Notwithstanding
| reports of cut rates
| Congress will adjourn without mcddling with
tb. money question. and there were exports
| =, cold last week. while the stock held by the
treasury increased $2,7O0,0OO. The increase in
issues OF paper was S2,0OO,OOO. against 81 800
| ooo added 10 the silver held and the surplus in
| tanks increased notwithstanding the Treasury
o,mulation Foreign trade shows large excess
| ~ imports for July. which have increased Ii per
ant over last year thus far in that month"; against
| practically no increase in exports, but the new
| r.or's movement of breadstufIs has hardly be-
Am. The labor controversy causes some anxi-
!