New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-08-19
MONEY AND BUSINESS.

At this season. when finance and trade take
vacation. only two things have real meaning,
the crop news and the state Of Industries. This
is not vacation season for farmers. and except
in few branches. industries take no vacation
willingly. Progress reported this week is a shade
less satisfactory A few new strikes mostly in
woollen mills and among garment makers, con-
tlnuance Of the large strikes in the carpet mills
and in Marquette iron mines. an organization Of
cotton workers to demand the wages of 1892 at
Fall River and some other points. affect indus
tries somewhat. though the progress is on the
whole satisfactory. Many thousand more hands
are AT work than when Congress adjourned. and
perhaps half a million Of them at better wages
and confidence has stimulated purchases Of prod
ucts. possibly little toe far
n crops were really good consumption would
doubtless sustain all the expansion thus far and
more The corn crop promises to be very large,
though there is little more uncertainty In some
states than a week ago. Everybody has known
for months that the wheat crop would be small.
and the only question has been how small. No
body has expected a maximum yield Of 500 600 600
bushels or even 500 900. which would be less
than the actual yield for either Of the last four
years: but the question has been whether the
crop would fall to or below 400 900 900 bushels, and
than they did month two months ago. For
warding from farms has been more free, but for
two weeks Western receipts have been only A.
2s9 40 bushels against H. 1902 1886 last year and,
while farmers circulars and combinations to
hold back grain account for much. 1t is doubtful
whether larger quantities would not have reached
the market by this time If supplies were fair.
Marketing Of great Pacific supplies. LOO 900
bushels in the last two weeks, and 2,5SS165 in
July at an average Of 81 cents. cuts down At
lant.c exports. which in July. at an average Of
70 cents. only 1868 bushels. against TO-
265.559 last year. and for two weeks Of August
have been only 1912, 631 bushels against 573597l
last year so that the price is IL cents lower for
the week.
Every year this season brings destruction Of
cotton by drouth and food, storms. worms and
insects and men naturally wonder every year II
they may not distrust the .ry of wolf once too
often. Advices not through spectators or those
acting for them less gloomy than the ac-
counts which have lifted the price from 7.25 to
75s cents but rather less favorable than be-
fore and II the average yield per acre should fall
as low In 1892 the crop would prove only about
six million five hundred thousand bales. Even
that quantity. with 9G4 900 bales, according to FL
lison, held in foreign mills nearly all American
ana Foreign cOmmerclal STOCKS OF l,col,OUO Ddles
American now held In view of the fact that the
said stocks with exports show decrease Of only
JOG 1872 bales Of 400 pounds each in July. would
remove all fear OF a cotton famine. American COM
mcrcial stocks are 1852 $50 bales. decreasing only
1886 in the last two weeks and like loss
would leave them September about three hun
dred and fifteen thousand bales. besides more
than one hundred thousand bales carried by
Northern millers. But all this helps the con-
sumner. and not the planters In the least. and II
the crop is short, business at the South and buy
ing from the South will not be large.
Commercial reports from all quarters show a
fair retail trade for the season, though not
enough to renewal OF such purchases as
lifted prices in June and July. The hating Of
demand Is seasonable, but II stocks taken by re-
taers and jobbers are not we'll distributed within
the next month fall trade will open slowly The
movement OF all kinds Is now larger than last