New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-09-19

the childish excuse that st. Paul had not IN
creased its dividend. and was kept up WIN
the fright about tight money TO result from
settlements with the Government Inc pa"n
have now cut down their loans S19,"o"" III
,,yo weeks. their deposits s4O,W0,0U, and their
reserve S21OOONO and since August ~
SIS 600 600 and stocks are rising again. from
SCI "a last Tuesday TO S62 10 at Saturday
close That the trusts have not shared much
in tho rise is largely due 10 Sugar whie"
dropped lias for the week
While all this tempest has been raging IN the
Wall Street teapot the volume OF legitimate
business has been heavy August exports were
not merely the largest known In that MONTH
but showed an increase Of more than e-o'"V'''"
in the Indebtedness of outsiders to this couhu9'
and with part of the gold already arrNe"'
50 226 GIG last week. about S2.Ob'0" more was
started this way. September exports 'hus la
exceed even last years great movement by 'f
per cent which II carried through all exports
for the month would rut them about Slloo'o'-
600 while the larger increase OF 20 per cent
I'm imports here. owing to the extreme shrhh-
age a year ago, after the new tariH look ei-
feet II carried through the month would only
make the aggregate about So2OWlN" llght
money. with returns indicating a possible pa'-
ance Of SjS.OO0.Om for the month ana goou
s,e,ghing this week in Cuba are about equally
probable.
Railroad earnings were > per cent larger than
last year for the first week of September ana
II per cent larger than in 1892 and on Amerl-
can roads Sll 123SI7 earnings in August are
reported. also IL per cent larger than in 1So2
Clearing house reports for September are IL
Der cent smaller than last year, but - per cent
for ha la a ~
per cent larger In the great Industries activity
IL not checked but still ncreases-a little IN
boots and shoes. with better retail distribution
and larger orders but materially In the IRON
manufacture, which reports an Increase of OZoo
tons weekly output of pig in August. with de-
crease Of II 600 tons in stocks on hand and yet
only nine furnaces resumed in that month put
eleven more are reported having resumed IN
Soptember Among the interesting contracts are
one for 10 900 tons ship plates. one for 500 new
cars at Chicago with large order for street
railroads In japan. and 10000 tons Southern pig
for export. with 1900 more refused.
Cotton at 5G2 cents for spot Saturday Is
running down close to the lowest point on rec
ord 5J6 cents at the end Of February, 1870
with Elison's report of European mill stocks,
10000 bales September |. against %'S,"D last
wear added to 400 T7j bales Northern mill
stocks. against 1866 last year, and I43i,oil
bales American I'm commercial hands here and
abroad against 169J6l last year. the known
stocks carried over were 2.69o,3s6 bales without
allowing anything for Southern mill stocks. But
"a their consumption was two-thrds Of tho
Northern II is reasonable to suppose that their
increase in stocks held or controlled was In Ike
proportion. about 2S0.OOb bales. The figures
would indicate that somewhere from y i'"""o TO
@ 40 900 bales American cotton were consumed
during the year but with nearly three million
bales on hand besides the crop coming forward
supposed TO exceed eleven million bales. the sup
NV must exceed demand. The market for goods
hns no, gained much. though distribution 10
consumers is larger.
Exports Of whoa, this month have fallen to
q ~, 400 bushels -four included. against ll.Iol.-
4sl IN the two weeks last year. and the price
takes that occasion 10 advance ~, cents for the
week Doubtless IT was low enough. and per
haps too low. but the sensible decrease In FOR
elgn demand is likely To have an influence be
fore long In July exports less Imports were
! SIS 800 bushels. -four included. against '5l|-
l69 last year. and the preliminary report Tor
August was 1900 800 bushels. -four included.
arnIns, Is SCI 3l2 last year Thus for the crop
year to date the exports have been 3i623il
bushels against 80 s>2925 last year practically
tho whole decrease being IN the last two weeks.
Western receipts have been 42,2o3.sl3 bushels
against ~ 1914 $50 last year. Corn exports also
diminish for two weeks OF September CUBS "
bushels against S.sii 40 last year, and for the
crop year thus far have been 20 S@G6N bushels
against 36.5i2 S,5 last year. The September
option has yielded cent, with spot about
steady. Foreign accounts Of grain crops are stlH
conflicting and in answer TO Inquiry by tho
state Department 1t Is cabied that the Russian
Minister cannot make an estimate for the yield
I'm that country for a month yet, as reports are
40 uncertain and contradictory.