New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-09-21

ing caution in making loans has a restricting
influence So great has been the depression TOT
months that stocks Of dealers must be mucn
depleted. so that n sharp and even unwhoie-
some rush for goods m'ght come X the repien-
isbment should be supplemented. as II was last
wear by speculative purchases OF goods
Wheat receipts continue heavy. In spite or aii
the stories Of short weld and disappointment
about threshng and in three weeks have peeh
11SIJSGS bushels against 1871 6G0 In the
same weeks last year. The Atianuc exports
are also larger. In three weeks, hour incIuueu'
> 1861 1874 bushels against 3.S3I1Z9 last year
and the prico has advanced little, owing to
buvinp for eyport covering Of shorts and adj
vces from the West that receipts are going
to diminish soon. Cotton continues to move
freely and the enormous crop seems now to be
we'll out Of danger Even II the wheat yieid
falls short which the movement so FAR by no
means indicates, the supply OF corn would help
TO reimburse farmers end also 10 meet Foreign
moods The cotton market has been feversh
and nuctuating since the New-Orleans fai'ures'
hut the fact that most Of the cotton mills have
started up again, Will do so immediateiy'
helps to strengthen holders.
The manufacture Of cotton Is somewhat en-
conraged by an increased demand and better
resentative goods averaging about 6.7 per cent
since the first week I'm August, but there Is az
vet no Indication OF as much normal de-
mand for distribution. If cotton rises. how
ever the heavy stocks Of goods held by the
mills will show profits. The boot and shoe
concerns report rather more orders. though IL
remains the fact that very little has been done
for spring trade while the orders for winter
goods are nearly filed. Shipments from Bos-
ton. according TO 1.-THE Shoe and Leather Re
porter" have been larger in September thus
far than in any previous year, though exceed
ing those OF 1894 only per cent. The demand
for finished products Of iron and steel does not
yet enlarge in the least. but the tone or bus-
ness is much more hopeful, and there are less
concessions in price to secure transactions.
Some further decrease in output has occurred
this month, and the production Of coke in the
Connellsville region falls considerably below 3D.
900 tons weekly.
on the whole. the volume OF domestic trade
shown by exchanges at the principal clearing
houses is relatively smaller than in previous
months The daily average In July was 40
per cent smaller than last year. in August ia
per cent smaller and in September thus far has
been 10 per cent smaller The railroad earn
ings thus far reported. exclusive OF Canadian
and Mexican lines which blur the record by
large gains show a decrease Of Al per cent
compared with last year. and FL compared
with 1892, the loss on granger and Southwest
ern roads being Is per cent or more. The re-
ported cutting Of rates is apparently the main
cause az the movement OF products is heavy
but the westbound freight at present Is light
especially in the classes Of goods which pay
the best. Considering the stringency of money.
it is not at all surprising that failures in Sep
TENDER show liabilities nearly double those OF
last year and closely approaching those Of the
same weeks in 1895 the increase being mainly
In manufacturing lines