New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-10-24
MONEY AND BUSINESS.

Here AZ Chicago and many other cities the wccl.
has been broken by celebrations and everywhere
the appronch u the Presidential election inter
rupt- business 10 some extent. Yet the payments
through clearing houses outside New York for
days this year. against five days last year, show
a decrease Of per cent only which closely agrcos
with the increase of Il : pr cent in such pay
ucnts for the first half Of the month. The earn
iurs OF railroads during in" first half of October
were but per cent larger than last vcar. bat in
view OF the extraordinary movement Of crops
ago and ia" better FREIGHT rates then obtained
by railroads any gain at all is surprising. In 10
way can the conclusion be escaped that The vol
auc Of business transacted j. still somewhat lar-er
than last year or the year before. when il WIS
greater than in any year preceding In some mpor-
tant branches the indications are distinctly bet
ter now than they were last week. and the clos,
working OF the money market j. not sign Of
dancer.
IL is true that per cent rate tends 70 check
stock speculation when the public II not absorbing
securities largely and therefore the decline Of IT
cents per share in railroad stocks last week wa,
not disheartcnlng. especially rs the suspension of
business Tor three DAYS always prompt REALIZING
In" motion of tho New-Jcr~ry Attoracy-t;cno
20 have receivers appointed for the coal road,
caused part Of the decline. and there were report,
Of more ratc-cutting at the West but the blockade
OF railroads at some points by excess Of freight
Offering sustans tie impression made by incrcls
Ing rates. IL was also "A supporting fact that scv-
cral sales Of considerable blocks OF bonds 10 foreign
buyers were reported. and while In" AGGREGATE WAS
doubtless exaggerated in some reports. one making
II $50, 000 900, the transactions were at any rate
large enough TO have some influence upon foreign
exchange and the confidence Of security holders.
rlfct rl-s
closer than most others at this season. and the
Ncw-lork banks shipped -, G3l 900 10 the in
terror. while the Treasury put ont S?,0O0,O00
notes in excess of the gold ard silver added Ia
stock Returns Of gold from Europe are about
due, and the expectation of this, with large
Withdrawals for Russia, caused the advance OF
rates by the Bank of England TO per cent
The merchandise balance should favor this coun-
try in October, and the decrease in domestic cx
ports from Ncw-York, about $4,000 600 thus far
this month"; indicates less shrinkagc than occurred
in september. Last October exports for the
first time exceeded 81 90. O0O, 900 and a fall to
100000, 900 this year, or even lower, would
still leave a large excess over imports. In three
weeks Of October the increase OF imports at
New York has been 1928, - per cent.
but this would not mean an aggregate at all
ports Of more than S7j.C00,OOO for the month
Of 81 10000, 900 imports, also shows that exports
are nearly as large ever, except in bread
stuls and cotton, and in those products together
IA large as In AIRY year except the last.
Exports of wheat are increasing from both
coasts flour included amounting for three weeks
60 1913 900 bushels, against j52, 900 last year
OF course the price is much lower than year
ago: If il were not, exports would be insi2nii-
cant Last week the fall was about cents
in wheat, TO II cents ID cents in corn, and
ia in oats, and these charges go far to show
that the crors are believed to be larger than
lNl requirements for the year. Astonishingy
heavy wheat receipts continue, for three weeks
amounting to 27,0OO,00o bushels. against 81,
900 600 for the same weeks year ago. when
the greatest crop grown was in motion.
Pork products were IA shade higher and also
cotton, on account OF less favorable crop re-
ports Receipts from plantations for the month
have been ss3, 900. against $4,000 bales last
year. and exports $4,000 against $4,000 bales
But few estimates entitled to notice put the
Weld below 1900, 900 bales, which, with the UNI
prccedented stocks carried over, would far cN-
ceed the years needs.
Receipts Of cattle at Chicago have been $4,000
head or per cent greater for the year thus far
than LIST V ar Tn Goa Ia cl from the com ani,s
for distribution in September was officially reck-
oned as 3,Si323l tons. against 3I13.i7l last year.