New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-08-01
MONEY IND BUSINESS.

Post and -roo+ost in Influence the crops have been
helpcd bv two ,veess Of rarely hot weather, fol-
lowed at the end Of last week by abundant rain
in regions where the heat had begun to threaten
harm Wheat is doing finely where IL mas npo
been harvested already, and corn has Deen lorceu
forward 50 we'll that trade in stocks OF co'h'
carrying roads has been active. NeAo Ill iii-
pCrtance has been the postponemeho Oh tic ANU
Option bill. which has stimulated speculation III
many directions Congress VIII speediV a'J'"i"'
it is now clear. without passing any OF the mis-
chievous tariff bills which were threa'ehcu' WIN,
out doing anything about money or coinage, ana
without interrupting present modes OF trade III
the exchanges.
Thus it came TO pass that cotton was nited
quarter of a cent during the week. in spit" OF re-
ccipts as large as year ago, light exports, ana
generally favorable news as to the coming crop
The exports for the month have fallen a little
below those of the same month last year, Dut
spinncrs have increased their taklngs ABOUT DIS
much and the stocks Of American cotton here ana
abroad have decreased more than in July last
But they are still about 76O, 900 bales more thah
usual at this season. and the extent OF decrease IN
the coming Weld is still, as for some time TO como
il must be, problcmatical. Last year, later than
this. many were reckoning upon decrease OF hall
a million bales in the yield, which was neverthe-
less in excess Of 100000 bales for the first tlme
and though some decrease is expected with reason
this year it may he less than reports indicate
Wheat has declined two cents, exports have
fallen below c, 600 900 bust els in two weeks flour
included, while Western receipts very large
Oats have declined shade, but corn, in spite Of
improved prospects, has been advanced traction
by more active speculation.
On the whole, the events and disclosures Of the
la, boan
troubles An end has not been reached at Home
stead but the company claims to have about a
thousand men at work, and the efforts TO bring
about other strikes have not succeeded. No set
Element has yet come in the Pittsburg mills, though
commercial dispatches say that arbitration VIII
there be adopted with probable success. The mar
kct for pig iron has been somewhat better sup
ported during the past week, while the continued
demand for finished products which few mills
are now at work strengthens their prices, and per
haps this Improvement may not be entirely tenn
porary. In the wOollen manufacture a decided
improvement in the extent of orders for goods has
encouraged the manufacturers 10 much more e1-
cn.iye purchases Of wool, and it Is also said that
better packing Of the raw material this year helps
70 STRENGTHEN the price Cotton mills are full Of
work and boot and shoe concerns arc doing all
they can TO meet impatient demands for speedy
other year In short in all the great branches OF
manufacture. except in iron, the situation Is eN-
ccptonaly satisfactory. and even in that industry
appearances are more encouraging.
There have been heavy shipments OF gold,
amounting during the last week to Si,1j00OO, and
such a movement so late in the season Is rrgarIeu
by some with apprehension In part 1t seems TO
he due 10 concerted efforts made two weeks ago
by some banks to check the outgo OF eold, Tor
tines. efforts we're but for the moment successful
and the foreign demand, whether for >ettl"nehtN
or otherwise was not by any means leSs"n"l. NJ
pre.cnt there is a scarcity of commercial Dlps, aS
wheat is not moving rapi ly, with foreign crop
PROSPECTS quite undecided, while the very heavy
stock. Of cotton held abroad incline people Ia
fewer engagements for future exports. The posi-
bilitv should not be- overlooked that this accuml.
lation Of cotton may cause comparatively small
exports for some months especially if the mar
kct here is advanced.
The striking fact il that imports are unusually
larcc. While exports Of merchandise for the past
four weeks have been barely 3 of per cent
greater at this port than last year. in
dicatinr an aggregate for the month Of
about S63 600 900, the increase in i'm
ports AZ Ncw-Yorl; for four weeks has been
y. 0Q1. 00O or 1872 per cent. indicating imports
Of nearly or quite S7j.O00,000 for the month
In July ~ last year the excess OF imports was
but Sl373142. and il is therefore not strange
that thr outro Of gold should he greater than
wear ago. The large increase in imports indicates
that the General prosperity of the people Increases
cn, sumption. both individual and manufacturing.
while industrial depression abroad has put down
nrccs Of many materials and manufactured prod
uct..
Internal trade has been remarkably heavy. Tie
railroad earnings on scventy-cight roads the first.
seventy five the second ard ffty-scvcn In" third
wee, Of July show an ncrca>e over ast Year of near
~ Ter cent Clearing IIouse exchanges outSi!e New
York for tic m, nth have been more than 10 per
cent greater than last year. and for the later
week. the increase has been If per cent. More
over. this has been in spite of considerable
,hrnka.c in speculative Transactions, curtailel this
year by the Anti-Option bill, but unusually large
last year and also in spite of a decline IN whole
sale prices which are about A per cent lower
M the end Of July than year ago. The facts
indicate a really surprising increase in the volume
of transactions measured in quantities. and less is
heard of late regarding narrownesS " profits in
trade and less OF slow collections
I'm a broad sense, domestic Industries and trade
arc doing unusually we'll Stocks respond by an
advance especially in grain-carrying and industrial
tccurtics the latter being helped by the approach
in,, Adjournment Of Congress Money markets are
we'll supplied, though n better demand for loans j.
.ccn AT important points and bank loans here have
increased The Treasury made no change worth
noting IN the circulation, and tho surplus reserve
of Ncw-York banks is now over S24, 900. 900.
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