New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-09-29
,,. vopr DAILY TR1BUNE MONDAY. sEPTEMBER ~ 19o2

- - 90 the offerings OF grain ana Coe'oAi
h,1,a Increased 1t was found that tnese eai"e'
accounts were being settled In TINS respeo'
-ao,, ha. undoubtedly benefited the local
financial position. Heavy seii1ns Oh
,h,. market by London also initiated AGAINST
enl' o,t ~ snecie. and the losses in reserve
- .h two leading European banks oio MOI
,o,rose the hope that gold could Dc Will
-, from, them without special Inducements.
:, ,s ernected that the official rate OF discount
=, the Rank of England would advance Out 'he
onlv changes were in the open Hlarhet.
U,.oh,,, renorts of merchandise shipments
nron,ise a much more favorapie traoe o'aHoe
for this country at the END OF the euiieh'
month which is the more hopeful, since 1Ihpor' Us
are enormous and exports OF corn 90 not reooV-
err. Cotton shipments are eminen'iy sa'iSi"ooi y
both as to quantity and price.
Domestic trade shows no sign of hating the
.ou movement SURPRISING all preceding records.
,oo,oIv in staple lines of clothing Earlier
:a;oa+;ons that demands would be for the
better classes of goods have been fully verified
and there is no longer fear of the use OF SUD-
stitutes for good wool and other first class teX-
tile material. There has been some delay III Or
ranging future deliveries of drygoods, owing u
the nrice of cotton which many purchasers con-
slider unwarranted. because OF the prlgnt crop
outlook AS the phenomenally heavy arrivals
! come forward, however, the opinion is gaming
odberents that liberal early receipts are not
necessarily proof of abundance. Some southern
sections report that there will be practically
no+binp after this first picking Is marketed, and
=, +bese reports prove true. there Will be no
hesitation about purchasing cotton goods, as
rne people are fully able to pay proper prices
Shipments of boots and shoes are heavy, but
still fall short of the desires OF dealers Pros
pects are bright for liberal trade In spring
lines of foot wear, although buyers will resist
anv advance especially If the present weak tone
or leather should be followed by any actual
fall In prices Further declines in hides make
the outlook better for cheaper leather
Speculation in wheat at Chicago again de-
veloped abnormal proportions. and the current
months option was forced UP to an absurd
nrtce Light available stocks and the low
grading of receipts made this possible. Corn
also rose and as there is SO little remaining OF
the old crop it may be possible to maintain a
ect,tious price even for December options, as
demands on the farms will make the marketing
Of the new crop unusually late. On the other
hand, the latest crop news Is much improved
ord losses by frost are evidently in quality
rather than quantity which Will only necessi-
tate the prompt Of the soft corn as fodder.
This can be consumed to great advantage, how
ever and at many points grass fed cattle are In
such good condition that less than the usual
finishing on corn diet will be necessary. Mill
consumption of wheat is heavy and the foreign
demand for -four is satisfactory. Export trade
In meats is restricted by high prices, but In
ouiries are large, and much business could be
effected at concessions. Home needs, however,
maintain quotations fairly steady. Heavy pur-
chases Of sugar for preserving held prices very
firm while refiners are falling further behind
with deliveries. very different condition ex-
lists as to coffee the leader Of the recent move
want for an advance being credited with heavy
liquidation.