New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-10-17
MONEY AND RTSINESS.

These are not pleasant times for pescimiSts
or calamity walters. The crops are too good the
volume OF business too biz the failures too few
and small and the money markets too comfort
able The last weeks celebration brought T.
town immense number OF people. whose
presence and purchases not only disclosed great
prosperity. but helped TO increase it, Railroad
stocks rose an average OF IS cents per share.
and are now 81 - higher than the minimum
September IL, and only 81 below the highest
point this fall, August &. In the industrial
list the advance was relatively even greater, and
there are some Indications that the stock market
Is broadening, though still mainly confined 70
the cqucs and the profession nal operators 4
larger European demand would b. satisfactory.
but business depression abroad deprives this
country VI that assistance
There are no symptoms of business depression
here. Even at the South trade is improving and
on the Pacific coast Is almost as large az year
ago, while from PORTLAND, Me-. TO Denver the
tide of traffic everywhere rises very high Last
year, the volume Of cclrirgs outside Ncwlor.l
in October was about per cent smaller than in
1890, when transactions were the largest ever
known in any month thus far. BIT In Two
weeks Of October tbs year the increase, 14.5
per cent over last year. las been great that
without any increase in the rest Of the month
the aggregate for October will far exceed the IN
preccdented record of 1890. For two weeks tho
total has been Sl,ll2 100000, against S97j,000
900 last year, and Sl,0lS 100000 in the same
weeks Of 1890 When il il considered that prices
Of commodities averaged per cent below those OF
two years ago. and per cent below those Of
last year, a really surprising increase in the
quantities Of products transferred is demonstrated
The movement of br'adstulIs continues cnor-
nous. wheat receipts having averaged over 0.O00
600 bushels weekly for three weeks Though on
ports have somewhat increased. the price dropp-d
3-S cents last week corn SIS cents and oats
rs cents The Government crop report helpcl 70
put down prices being interpreted as indicating a
Weld OF 100000. 900 bushels wheat. i,707, 900
bushels and 81 900 900 bushels oats tho Weld
of wheat having never been cxcelle except last
year. while the supply Of other grains about equals
the average yearly consumption. Though accounts
Of the British wheat harvest are Disappointing,
there is every reason to expect that tie aggregate
foreign demand for American wheat will b, much
smaller this year than last The movement Of
cotton from plantations does not rapidly increasc
only 510.s44 bales having come into sight this
month. against ,44s last year. but exports arc
liO. 600 bales smaller than last year, and taknrs
Of Northern and Southern spinncrs are 900 bn o.
smaller. The pressure Of great stocks ahronl and
here has put down the price 3-l6 10 s cents and
there is growing impression that the holding
back of cotton by Southern planters may react
against their own interests in the end
The output OF pig iron, ljS. O?7 tons weekly
October |, was 6,370 tons greater than Scptcm.
bcr |, and ut the same time a decrease Of s5p3,
tons is reported in the stocks on hand which
would appear to imply n consumption in Sop
temCr Of about l75, 900 tons weekly. Cor
| tainly the consumption has not been as large
as this in any previous year. and the market
decidedly stiNcrs, with actual Improvement of
about half a dollar ton in the prices Of most
grades OF pig. Some improvement is also per-
ccivcd in the demand for bar ron while strnct-
ural and plate mills have. rs rule. all they
want to do Rails are still inactive Larger
buying is seen in copper and tin, though lead
is weaker at cents. The textile manufactures
are crowded with work. and not a few mills
are running night AMI day. The sales Of wool
at Boston, Philadelphia and New-Yorl hive been
I47, 600, 900 pounds since the middle of MAY,
against lO7, 200, 900 pounds for the same five
months last year, an Increase Of nearly 40
per cent The shipments Of boots and shoes. ac-
corling to the weekly records OF The Shoe ard
Leather Reporter" during the same five months
have been l,725,3l9 cases, against 1,j3..04
last year, and l,G4A,3G4 in 1890, when the ship
mcnts were greater than ever before
Sch facts as these clearly prove that the great
branches Of manufacture are doing more than
ever before, and the constant and urgent press
Are for deliveries with the disappearance Of old
stocks OF goods, show an unprecedented distrlbu-
ton 70 consumers. Dispatches from the West
also state that the farmers in many sections. hav-
ing especially favorable weather for ploughing. ara
making ready for al increased acreage Of wheat