New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-09-19
MONEY AND BUSINESS.

have appeared in this city has depressed stocks 10
some extent the average being about 81 lower than
n week ago. but has affected legitimate business
scarcely at all in this city, though in numerous
reports from other cities the apprehension Of cho-
era Is mentioned in connection with business pros
poets. II the measures taken here 20 coniine and
extirpatc the disease should prove as successful
throughout the season they have been thus
far. the commercial value Of health regulations
will be shown in striking light Other di.-
turhing or depressing forces have been almost en-
tirely absent the last week Money has been snf
tcicnt In supply, and the rate Of foreign exchange
has ~ declined that exports Of gold arr no longer
Profitable, and the large shipments expected Sat,
urday did no, matoralire. All the Industries me
making good records. and though domestic exports
DO not match last years Unprecedented aggregate
they are greater than In any other year
In August the dccrrasc Of $DsIs,sOO I'm value
of biradstuiis exported, In comparison with the
same month last year was IN pnrt due 10 tho de-
cline In the price ~ wheat, but mainly TO the
decline IN quantities shipped. and wac in part com
Tensafcd by an increase OF $?,Gsl 40s I'm provi-
sions. mainly IN bacon and lard, and s2j6;s52 In
tho value ~ cattle. The decline Of SOeO,s76 i'm
oil In part due 10 smaller shipments but In
part Ia lower prices. While the aggregate ex-
those Of last year, they are nevertheless greater
in value than exports in August Of any previous
year. In September thus far there has been IL
decline of S3,oll,l22 or nearly 90 per cent in en-
ports from New-York. but last year the Aggregate
OF exports was greater by Sli:OO0.OOO than In the
same month OF any other year. The really note
worthy fact is tho continued increase in imports
For two weeks ut Ncw-York this increase has been
8, 100000, or II per cent. while in August the
Ncw-York imports were S7,O7ill0, or nearly Is
per cent greater than last year. and the aggregate
for the country was greater than ever before In
that month. Whatever other effects this may
have il implies enormous activity Of industries
here and extraordinary purchasing and consuming
ability
Other evidences Of the same nature are not want
ing Payments through clearing houses outside
OF New. York havo been little larger in Sepem-
Der thus far than in the same month last year.
though payments then were the greatest ever
known il. September. Railroad earning for the
first week Of September show gain of 3.3 per
cent over last year Sales Of wool continue much
larger than last year. and the demand for goods
crowds to the utmost the works engaged on styles
that find favor. II IL reported that markets
never bare OF cotton goods ~ they arc now. and
though production during the last year has been
fur beyond all previous records the pressure for
more still continues There Is no abatement In
shipments Of boots and shoes, and the demand for
lumber and building materials IS large.
An apparent exception occurs in the pig-iron
output, which Is reported l5l GAS tons weekly
September l, against lj5l3G August /, and l7O,-
SAC year ago But further inquiry shows that last
years stocks We're accommodating rapidly, while the
Insold stocks were diminished this year from OO0,-
SOC tons August |, 10 D3i,ss@ September |. accord
ing TO The Iron Age" or about 200 tons per
week, 80 that the consumption may he roughly
reckoned at lG7, 900 tons weekly and is probably
greater than it was year ago. The demand for
structural and plate iron Ii encouraging and though
prices are variable and markets unsettled there is
more confidence than a week ago in the expansion
of demand and in better prices resulting
Speculation in brcadstufs has been lepr ,ss..d
by somewhat more favorable crop reports than
were expected, and by the slenderncss Of the
foreign demand. Wheat touched, ut 771-2 cents
for No. in elevator. the lowest price for years.
and, excepting two days, the lowest ever recorded
Refusal of Western elevators to make their usual
report Of wheat on hand. though professcdly in
tended 10 bolster up the market has the natural
tendency to warn buyers O. a. stocks ar, nccumuat-
Ing rapidly, so that no haste in buying is necessary
Exports from both coasts for September thus far
have been 6,052,0j4 bushels, flour included
against 1l,70Os75 last year. Corn fell nearly
cents, and oats about ! cent on better prospects.
and the reported frosts do not seem to hnvc done
any serious harm to corn. If some of the North
western milers and elevator men could enjoy n
OF the worlds information about wheat
and give ont only such false stories as wore
widely circulated year ago, IL would dou btless
please them immensely.
Cotton has not changed in prices nor have re-
ports Of worse condition had influence, for people
the eXtravagrant untruths told lasn
year. Receipts from plantations are light thus
far, but with over 100000 bales OF American
cotton In sight, the average buyer reflects that
this years yield can hardly fall low enough to
Justify any fright The fact is that official and
other reports do not yet warrant any estimate of
decrease exceeding Is to 20 per cent. pointing to