New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-09-16
months since the present municipal administra
tion came into power
MONEY 4ND BUSINESS.

uuenceS or heavy exports or ROlu IN oeptrHIoci'
II conditions were favoring gold should by this
time be coming htherward. But prices OF
stocks have been such as to invite foreign real
izlrg and prices Of cotton and wheat were MOIST
ed far enough 10 check exports. and the result
should not cause any surprise. While the IRON
industry enjoys surprising improvement. and
many other Industries are gaining vigorously
setback Is threatened because neither industrial
Tor financial conditions under existing laws are
such AS to promise full and lasting prosperity.
The average price Of the sixty most active
railroad stocks was raised from $50 II July TO
$50 Al September 1. but in ten days has declined
to s53ss The average OF Trust stocks has
fallen from SIS a. the 7th 10 $56 II on the l4th'
With such a fall in the general average the loss
I'm some stocks has Of course been much larger,
during the last week ca points each In Bur
Ington and Rock Island 6as in Missouri Pacinc
and Sugar and in St Paul Foreign sales
have been considerable but not apparently large
enough To produce much reaction if no other
cause had existed There is no doubt that the
great corn crop and the general improvement IN
business were far reasons for some rise, put
the disposition to ignore the snofthess VI
wheat and cotton. which could not fail to have
a strong influence, both on international balances
and on prices The beginning Of a new ADJUST
meut. I'm the light OF all the facts Instead OF
part does not come sooner than many expected
The slow movement II wheat for tine
quoted az supporting The least hopeful estimates
OF weld has given place t. more liberal West
ern rcceipts for two weeks of september l0,323.-
AZ bushels. against l1040,2li in the same two
weeks last year and 1858 bushels In the fun
month NJ August But there does not come as
vet corresponding gain In Atlantic exports,
which for two weeks have been only 2,H'SZ
bushels -four included against 5,3lO,s26 last year.
and in August were but 7.266.729 bushels, against
1S6l5074 last year. The average price OF wheat
exported in August from Atlantic ports was '''-
cents while increasing exports from the racine
Coast averaged only 5f.4 cents. The price mas
declined a little over l cent, and at 6lS7 cents
for September delivery, against S4l+ for July IN
Nav last. has done its part in bringing about
the lack of exports, from which producers are
now suffering Corn has also declined nearly a
cent though at SS1s cents here, against "a year
ago. farmers will not find inducement for very
largo mr. early shipments Pork and hogs have
naturally wessened and the prospect for
cheaper meats Is encouraging for consumers
Cotton comes forward slowly. 109.357 bales since
Sentember l. against 17SS48 last year, while ex-
ports have been 295 bales, against $500 last
wear. and takings Of Northern spinners l6,SOs
bales against 40 CAT last year But Foreign STOCKS
have been reduced Isl. 900 bales since the month
began and Mr.. Ellisons report also makes Tor
eign mill stocks about one hundred thousand
bales Of 400 pounds each smaller than they were
reported. The Department report shows the con-
dition ON September ] worse than in any year of
the last twelve but Is not fully credited and the
tendency has been toward slightly better est
mates OF yield. Spot has not changed but near
options have declined sixteenth. Takings or
Northern spinners do not indicate consumption
which is mainly from the cheaper cotton brought
over. The market for goods has been very strong.
and some sheetings and drills have risen 20 per
cent from the lowest point; bleached and colored
goods also show various advances and print
cloths are advanced sixteenth, with prints in
good demand.
The market for mems woollens has been
slow. and sellers OF medium cheviots. cassimeres
and fancy worsteds from 81 to 81 81 in price are
making some concessions Reported cancella-
tons o. foreign orders do not yet seem to be nu-
merous and importations Of woollens in two
weeks of September here have been s2,l9o,5l2,
against $500 252 last year and LAO g66 in 1892 In
Julv 43s41i4 pounds wooen cloths came in,
averaging 81 cents against 500 1863 last year. av-
eraging ~ cents and $50 1868 in 1892, averaging ~
cents Dress goods imports In July were 4iS3'SiS
pounds against about l,6Sj0OO last year. sales or
wool for two weeks have been 1lo3s 400 pounds, or
which 637l. 800 were domestic. against 16.36s.3OO
mounds I'm the same weeks OF 1892 OF which ll.3ll.
800 were domestic. Many manufacturers OF wool
len cloths are lacking orders to assure continued
work.
The iron manufacture shows surprising prog
ress the output September being s4.O2s tons of
pig weekly. according to The Iron Age" against
1S0 525 August las. Reported stocks Lnsod also
diminished. though whether by large purchases
Of steel companies does not appear. Consump-
zion il estimated by The Iron Age as close to
two hundred thousand tons weekly, and 1t Is
doubted whether furnaces To meet the Increase
by next spring be made ready Prices con-
t,nue strong and the capacity for structural iron
IL behind the demand for new buildings and
bridges The boot and shoe works are now de-
livering less than year ago. 1880 cases In two
weeks Of September according TO THE Shoe and
Leather Reporter" against los 9l5 last year. and
uncertainty as to prices retards new contracts.
The boot season is over much earlier than usual.
the demand for heavy shoes Is but moderate, and
I'm ,yoluen's shoes some concerns have lessened
force while others have orders for six weeks or
two months Orders for leather are conserva-
five and the market for hides after some de-
cline is waiting.
The volume Of business. though 1919 per cent
larger than last September. according to Clearing
House payments, Is 1915 per cent smaller than In
1872 the last year OF full transactions the de-
crease from that year having been 81 per cent In
August and per cent In July. Returns OF rail-
road earnings show for August only per cent
increase compared with last year within the
United States and are ll.3 per cent smaller than
in 1892 The exports OF gold. which have been
81 S555G4 I'm the last two weeks with the high
rate still maintained for foreign exchange, lend
strength to the current reports that new issue
NJ bonds has been determined upon already.
though II may not be formally announced for
some little time to come.
THE VOICE or THE kILLJOf.