New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-09-05

for foreign holders to unload on New-iorh "nu
take away gold. Indeed, during the last week
there have been some signs of foreign buying
When speculation last fall and again last spring
retarded exports Of wheat, it was repeatedly pre-
dicted in these columns that the large unsold
surplus resulting would put down prices very
low Before the cholera came naar, wheat had
fallen to so cents and on Friday it sold at 70 So
cents for September, which is the lowest price
quoted since 1887 Even in that year 1t only
touched IS 1-2, so that an eighth lower would
make the price as low as any since 1884. And
in that year Also though 70 1-2 cents was touched
one day in November and two days In December.
and on three other days in December quotations
touched n 1-2, II IA and rs cents, the general
run Of prices higher than it has been OF late'
With these rare and unimportant excepuohS' ohe
nrice of wheat is lower now than it has been at
any time for seventy years. and II Is distinc'V
the result of speculation interfering with the free
marketing Of the enormous crop of last year 1he
recent movement has been heavy from the farms,
but exports have not been large.
Corn also fell 2 ga cents and oats Ia anu
in these the prices have been largely based upon
belief that the yield would be as short as carrier
reports indicated, but of late prospects nave
somewhat improved The speculation IN hog
products, which had the same foundation aso
met severe reaction In the cotton marhe'
there was a slight upward movement TO o-lo
cents soon followed by heavy liquidation ana a
decline to Lie cents. Crop prospectus "io
slightly better and the movement or new co''on
a little improved. but the controlling fact all
the time is that the great stocks mere i'll"
abroad. exceeding of American cotton only those
NJ soo nv | COZ 900 bales, and those or 1857 by
az 1000 bales. prevent the natural demahu
- tbis soason Exports are not large ana mean
while southern estimates Of the coming crop are
octtinu no wild as ever some going quite hlgh
again.
IN. a,r,,r,ebed demand for cotton and wheat
.ocoprts for the small decrease in exports, winch
boyo bcen for four weeks from New-forK o''
nor cent smaller than last year, but IN AUGUST
and Sentember of that year the aggregate was
Tor bcvond all previous records for those months
Tho ;mnorts for August will doubtless DC rhe
,orccet On record for that month, as New-fork
roturns for five weeks exceed last years py oo
per cent. in spite Of the decrease last week OWING
70 the interruption Of several steamers. l. Is noo
unlikely that the pestilence Will consioeraos
diminish the movement Of products THIS way anu
there IL some speculation in sugar on account
~ the expected decrease in supplies from "er-
many As yet merchandise imports exceed ca
norts and cold continues 10 go abroad S2,6oo,ooo
to,,;rr boep sent last week. This and the SHIT
,n =, LARGO loans. with continual, though small
sbnmcnts TO the interior, caused money to ad-
vance 10 6 per cent at the close, ana the panAs
surplus fell 20 S7,63O,5OO.
Meanwhile reports from almost every ih'erioi
point show improved trade and the voiuihe Va
business IL greater than ever AT tns seASo"'
.rgpst clcarnrs outside New-York were 124 per
cont greater than last year, and about per cent
Greater than in August Of any other year. rail
road earnings for three weeks Of August snow b
cain Of 6.5 per cent All the great industries are
NOW doing a heavy business, for even IN the IRON
industry the resumption of work by nearly all 'ie
csta blshmen,s recently interrupted ny strikes mas
hem FASTENED by increasing demand for finshed
nroducts The wooen and cotton manufacturers
have been especially active. and 1t IL stated tha'
most of the woollcn mills are now working TO their
| full copacitv 20 catch up with their orders. The
recent sales Of wool have been light. but the az
pregote since the middle Of May is % per cent
greater than last year. The Shoe and Leather
Pcnorter- states Eastern shipments of boots and
shoes for the week at $3.50 cass against so,937
last year. and for the year thus far the increase
has been II 900 cases, or nearly per cent. At
indianapolis the car movement, which represents
tho large mart OF last and West tonnage, has been
Iunprccclented On the whole the signs OF heavy
and profitable business this fall were unusually
satisfactory until the markets were disturbed oy
the idea that the country was exporting gold ana
| importing cholera. But il the epidemic gains no
foothold here. the setback in speculation Will
only help legitimate business during the rest OF the
year