New-York tribune., 1898-10-17
MONEY AND BT SINESS.

Political oyigcncins are just now impelling some
ooonla to manufacture dependency in business,
donression in stocks and apprehension in money
,orLote Their task is not an easy one when trad
ra,urrs Of most kinds seem bent on breaking
oil records ard Just now the railroad earnings
are causing especial trouble To the prophets or
evil The usual mid-month report not only sur
masses that for any previous september, but that
for any other month except October in any year
II is not surprising that great Increase appears
over 1896. the panic time. when earnings were
more than a tenth smaller than usual at TINS
season. but last years September earnings were
remarkably heavy and vet the report given on
Saturday hy "Dun's Review makes the aggre-
gate for last month S4S. 159 S5S excluding Cana
dian and Mexican roads, which ada ABOUT
81 800 900. and thus gain Is shown over last
wear on United States roads only or 40 per cent
and over 1892 Of 90 per cent The returns are
more interesting because there Is still much cut
ting of rates, and the receipts are lower III pro-
norton to tonnage than they were a year ago
with rates restored. according TO the promise OF
official announcements, still better reports may
be expected.
These almost unprecedented earnings occur in
suit, of A decline Of about 10 per cent in the
movement Of corn at the West and slight de-
crease also in the movement OF cotton at the
South ~ which 5000 bales. or about 81. per
cent less came into sight during the first month
of the crop year than in September. lSo', where
ss I'm October there has been a much greater In
crease To Friday night the quantity which had
come into sight in october was l,WS,lD bales
against s4OO7j In the same time last year. max
ing oOOOOOO bales I'm sight for the first month
and a half The exports In half OF October were
IoI lO5 bales. against 411.lS2 last year and the
takings of Northern spnners only 9o,Sll bales,
AGAINST 13G 5S2 last year The price lost last
week the advance Of lie Of the week before
and with really extraordinary receipts from
plantations while the manufacture is for the
time materially retarded. It seems hardly proba-
hle that an important gain in the market for
raw cotton can he realized at present.
The movement Of wheat continues about in
line with that OF last year the exports -four In
cIuded in two weeks OF October having been
10 ,27 o19 bushels. against l077J.36i last year.
The preliminary report for September shows ex-
ports. -four included. of 21753o73 bushels from
hoth coasts. against 25,473.2 2s9 last year and.
adding the final reports for August and July. the
aggregate OF wheat and -four exports for the
veor thus far has been 59903 100 bushels,
against 6o.5226 6l5 last year. The price ad-
vanced little. spot wheat In elevator closed
about two cents higher for the week and the
December option advanced trine more. The
movement Of corn does not fall of as much az
many have expected. 6.Oi1.oG bushels having
gone abroad in the first two weeks of October
against ABA 30 last year. and, Notwithstanding
the decline OF over 5,OcO,OOO bushels shown by
the preliminary report for September and about