New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-09-18
MONEY AND BUSINESS.


MONEY AND BUSINESS.
Tho rapid recovery in Wall Street. which last"I
far some weeks appears TO have spent Itself Inc
reaction In prices his been but slight, rom an
average of $50 so last Monday 10 so VI al 'n'
end of the week but the market has grown eSpec'"
IL duh day by day Men who can see nothing III"
think Of rothing but silver imagine that the ueldN
If action in the Senate causes hesitation Ill S'och'
p,, !, j. we'll known that after every great break
down in the stock market just such temporary
,ecoyery appears The market has moved precisci'
~ il did on all previous occasions after such u
turbauce and il was therefore to Do cNP'c''" ''''
os at other times recovery would give place ~ s"
nation and the market would gradual'N yleu' IL NV
crops the railroad earnings, the lhuus'IlH' 0"'
tariff prospects and all other conditions "'ic V"
,r.I, +. vsrabe 70 restoration Of prosperity just
,s always happeiis after serious disaster "on'S
ai,s had, ~ The Street IN enormous amounts be-
cause business elsewhere is tco restricted 10 give -
sunici.nt emplovmcnt Tie settlement OF so''ic
nor, ., ,be redisconnt- made for banks elsewhere
a.. .r,i,.I of over S4OOO.O0O cash during IN"
.ol- frou, the interior and the issue OF new DAMN
irculation Amounting To 81 100000 DUNG 'h''
,,ool, which the banks have been eind To SEM
Son,h and West instead OF legal tenders account III
great part for their heavy gain IN reserve p' II =
nrobable that some money has also come from mum
ulaces and safe deposits Thus all tn" a''us'oi"''
| features which follow violent disturbance OIL 'n''
money market from whatever cause are res"''r"
reproduced this year. and II would ho' oe SUPP
,,a - ,be Lanl, reserves should rapidly ris'' a.
tbcv did in 1854 when the amount r'ici'u 3l-''-
600 900 before the end OF the year
Wall Street is not always Trustworthy "''o"'
Ter n business conditions generally. buu ''i' az
so,no Indications that the commcrcIal ana nv
| drs.riol recovery from extreme d"pf'sSlo''' "I ."
was 40 marked a week ago, has been io"o"'" ~
some hesitation and haltng, not unlike ''", P'
ceiyed in the stock market. Inc tests WIN" az
usuallv relied upon give the Following I'Su"
The exchanges az clearing houses ou's'' WV
yo,, last veel, were e6j per cent lens than "A
wear ago, against 23.G per cent for III" niN' WIN
| :, S.ot,,nb.r The earnings On fifty railroads, a'
far a. reported for September, have deem A'O
~, CON. ,..s than last year aud in August tue
/ decrca-. on all roads milking reports WIS ID Po'
c.nt Shipment- Of boots and shoes from boS'o"
,;, On IN. shoe aud Leather Reporter
,yc,. II .Oso cases last week, against sA''i' '"e
- .l, Io., v.nr and the previous week they
,yrre 400 cascS against si,S2o last year i"'
ioo,s, j., rec.ipts OF cattle at Chicngo last
,,.,., was over - per cent, and in IL" month OIL
,ueu.t /. was u Der cent. But II Is justly sa'
chat Ties. and other indications, wh'h rene"
,h. r.,tl OF ira L. and industry in ia" past, may
NOT promptly answer TO the state 81 ia'tS ""''
many establishments have just resumed opera
tOns
Imurovemcnt in that respect has not ceased
but the gain during the past week has '''h l's
than in TN, week before. The accounts OF "orh
closing or stopping by I'll" various trade I'ufha
are doubtless prepared with proper deSlr" u
make "A favorable a showing a III" naked ia''
,,u v,rron, In The Iron Age and Th
American Manufacturer" and IN dispatches II
daily uapcrs there have been notices OF 'hrN
metal works starting during th" week. 'houe'
~ xix IL was stated that they resumed only il
rait while there are notices or tw"ntF-"h' stop
ming wholly or in part during th" same week
The textile journals report the starting OF s"N'h
teen works wholly and eleven IN part dnfin9 w
past week while fifteen are mentI"nrd hS haN"
stovpcd wholly and ri.lt ia part, ahd II i ho'''
r that much the greater number OF concerns S''''
inc ,ver. cotton mills. willie most of those stop
niuo were In the woollen manufacture III ON
, few cases /, fine number Of hands employed r.
uorted The facts appear 10 correspond VIII
2 On. statement ~ Eradstrect's" that the start
ing ND of manufacturing industries has nor pee
as conspicuous thi. wccl, ~ last. and in most III
stances has been with reduced force and on pan
1 time Til. sales Of wool at the three chief MAJ
kcts were 4.3jG.3OO pounds last week. aealn>
40 GOO for tle same week last year. but wer
lay far tie largest reported for any week Slno
May + though the names of buyers indicat" tia
in. purchase, were in the man for speculitlo
and not for immediate rNc in manuactuie.
Some incrcaS, appears in the demand for ire
~ various kinds although THE Iron Age mel
= ,ous that assumptions Of work generally in
plv woefu sacrifice far as prices are col
70 cerued.1 and some remarkably low prices a
Il mentioned At the West the feeling j. iii
Il tinctly better, and the demand NJ Chicago H.
n 81 far improved that numerous establishment
4 Layr been able to resume In tine Sho" tra'
n same factories have resumed though the i
a crease in orders has not been large enough
, warrant employment of more than half th" u-u
!, force \ great sale OF Amosseag cOttons 10 Il
value of about 81 ,5OO.0OO occurred THIN
: Ielow those current in the open maikri. Pr"
u for brown and blpachcd goods aIe fairly stead
II but printed cotton fabrics are drm0Ializ'
+ There is less evidence than werlS ago OF /
It crease IN the demand for wOorns and worst'
II goods. though exhaustion OF stockS j. constant
e bringing more OF the small dealers INTO 4
J. market.
' The halting aud hesitation in the stock ma
e ket immediately followed ting srcat change