New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-09-17

:. last not until Congress meets. when the
~s,c may withdraw temporarily In order 10
,ust what legislative work is to be done.
80 one who possibly can is taking advantage
.ha nrsent market. for it is known that
10. are gradually being adjusted to higher
-, and that panics and years of depression 90
-. come when wheat is selling at 81, and when
..rsible and patriotic Administration is look
49, ofte, the country's welfare. In to-day g
,ye, further progress was made toward
.,,.r -ricas in some issues, but heavy realiZ-
-, Gales on Yesterdays advance, bear pressure
IA sbitting Of speculative interest caused con-
-,de-abie irregularty and left a number or
.,ocks at small fractional losses.
Thorn were large realizing sales in the Gran
-. and n disposition to transfer interest from
~. hqh- priced to low priced issues was noticed,
.,oors like Lake Erie, General Electric Mime
.,o,is and ST. Louis, Ontario and Western and
I-r,on Pacific receiving the benefit OF this opera
.,o, The coalers were strong features on GOOD
saving This group of stocks has not enjoyed
.,a attention which many other issues have re-
oo,,od and II Is believed that with the settle
~, ~ all labor troubles in the strike district
ID m. anproach of colder weather an active
Ill r,ovan,ent will be started in the anthracite
nronerties 1t was reported to-day tnat coal
nnrices would be advanced on OCTOBER J.. rlo
fessonal operators were active IN TO-DAY nas
tet and o. report that several large lnteiento
var taking profits helped bear traders IN 'heir
efforts to depress certain issues, as In the Gran
Ger shares Sugar Refining and some Oh tiie
Sou,bern railroad issues. The vanderbilt Stocks
$50 again strong; also the Erie issues. North
ern Pacific preferred and Brooklyn Kappa iran,
sill, The market displayed great variety. 80 a niu
was broad and active, with total sales Oh uoooiu
shares against 64O.111 yesterday. Regarding
the Granger shares. particularly Rock lsiand
and Burlington. bull operators. 1t Is salu' nope
10 bring about a good-sized advance next week,
when II is expected that Rock Island VIII be put
ON q per cent basis and that Burlingtons Au-
yust earnings will be published. various est,
mates have been made about the Iasl- naIiieu
company's August returns. but II was intilhat s
to-day in certain quarters that they VIII run Iai
ahead of predictions far made. Inc gas
shares were comparatively quiet TO-DAY IN
tario and Western was the leader IN point Oh az
tivity PENNSYLVANIA Railroad stock was UNI
yersally active.
The statement of foreign commerce for August
ia another remarkable exhibition OF TINS couh-
trys growing trade. and furnishes luI 'nr 80, I've"
son for believing that gold imports from F-ui oPe
An settlement of trade balance can be mace Wheh-
ever local bankers see the necessity OF lncreas-
ing the supply of money at this centre Inv
Bank Of England made no change IN lts uis.
count rate to-day and ii would appear that
that institution did not believe that goid ekPVl's
would be made Immediately. and that IL hau
sufficient control of the situation TO prevent an
outfow of the metal to this country IL Is no.
expected that gold imports will be maze rom
London at once. as the beginning OF the mon mon,
rent will be from the Continent. but eNehtud"N
the metal will come from London, II TINS coun'i!
wants IT, and London bankers should not oeiuue
themselves with the idea that they nave apsolute
control of the money market. when tins country
is rapidly increasing its credit balance IN tna'
CITY and on the Continent. New-1ork Is lhue-
pendent of London. and moreover, hoIds 'he
kev 10 the situation. In August the excess OF
domestic exports over imports was IN Value ~
9i3 153 against an excess in August i0'o' Vi
$40 1870 sic. For the eight months OF the !e',i
exports exceeded imports by $40, - III az
dtion TO the merchandise exports. IN TINS coun-
try the excess of exports over imports IN Ausus'
of silver coin and bullion was valued at H"'N- l.
525 and for the eight months there was an eN-
cess of S309SS 49S. Imports of silver ore IN
August exceeded exports by Sl,nn1;t''. SO 'na'
ne, exnorts of silver were S22JSObS. II is en-
courag cling to note that the Governments receip.s
under the new revenue measure are SrduuaIi!
Increasing and that in the last few days receipts
have exceeded expenditures. This VIII become
greater as the effect of the heavy lnpor'atioHS
made prior to the passage of the Dill grows iesH'
The foreign exchange market was weak to-aaE
Prices for the last sales of the princlpaI acIN :
stocks to-day compared with the final .hgures Oh
Yesterday were as follows: