New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-09-12
ICES OF CHICAGO STOCKS.
Saturday. September lip. m.

Saturday. September lip m.
The stock market was active and Irregular
to-day with the usual end-of-the-week pront
sales making up good share of the days busi'
ness Commission-house buying was in evil
dence. however. notably in the Granger stocSs'
which were strong the greater part Of the snort
session. Burlington closed at 1Ol, Il per cent
under ST. Paul. and Rock Island at 96 against
95 last night while elsewhere among the west
ern stocks. Northwest excepted, fractional sains
were made. The last-named stock closed y per
cent lower than last night. In the anthracite
list bear pressure was exerted. without. how
ever material success on the theory that the
riot in the soft-coal region was OF greater i'n'
port than was actually the case. and renewed
hammering was INDUCED IN on Louisville and
Nashville, which receded q per cent. Al me
present rate of bear success operators for lower
prices will never get rich and as 10 the I'M
mediate future there appears little chance OF
their accomplishing anything significant a
rapid rise in money rates would restrict the pres
ent active bull speculation. but it should be
borne in mind that upon the least appearance OF
tight money imports of gold would be undertaken
at once. IRON to-days bank statement when
showed a loss Of Sl,4i5.32' in surplus, II would
seem as though higher rates Tor money were not
far distant. The West and South drew heavily
on this centre for currency during the week Tor
crop-movement purposes, and had II not oesh
drain upon the New-York banks would have
been excessive. for the crop movement reached
large proportions and current indications az
forded no sign OF a let-up in the haste Win
which the farmers rushing III ,r cereals 10
market. Last years surplus corn is being rap
idly marketed. and this fact alone is ample cyl
dence that the farmers are satisfied with TINS
years crop.
II II were possible to race any confidence IN
the Governments crop report there would be
reason cor considerable pessimism over the
80 ilat Nfa f.1ra hnf
unately, the Governments estimates are to-
tally at variance with all trustworthy esti'
mates. The fault is not intentional on the
part Of the Government, but lies In Its poor
system According to the Governments monthly
estimate, put out yesterday afternoon. wheat
crop of 463 22JOOO bushels is foreshadowed.
In 1896 the Government underestimate the
wheat crop by 42O00WO bushels, and II its
estimate for this year were correct this country
would have less than lO0000.OO bushels for
export. after allowing 3I5OOo!OOO bushels tor
wheat crop OF this year will reach 5oOOOOWV
bushels these figures being compiled by &C.
knowledged experts In which case there would
be about lSOO00OOO bushels for export. the
foreign requirements become more urgent every
week and the exports from both coasts az
gregate this week 5.461 500 bushels. which com.
pare with 6.26S. 247 bushels last week. 3tW.lil
bushels in the same week in 1896. l.sl0OW bush
els In 1895. 2.7S0000 In 1894 and 333IOOo 10
1903 Corn exports this week are the largest
for any week since last prlng. asgregatins
f'Vfo'ofo ousHcis' asaliis, -,o.'V'oov ouS'.'
week year ago and $40 600 bushels In the year
before Bank clearings for the week were 40
per cent larger than year ago. The loan ex-
pansion OF the associated banks this week
reaches S1.352. 600 while deposits increase $S9o-
500 and cash holdings decrease $7.34I,IOO. Tho
result OF all changes Is decrease In surplus
reserve OF S74i5325 to S2666S.S25, AGAINST
So, I61 ,S2o a year ago. and 200 In 1880
The stock market closed strong In the major:
ity OF issues. with Kansas and Texas preferrec
and Brooklyn Union Gas showing the mos'
noteworthy net gains. 49,,
Prices for the last sales OF the principal acuVs