New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-10-26
re- ther purchases by the United States Treasury

Their purchases py inc CnAteo C'"'OS
for coinage
Toward the close OF last week there were gen
eraI rains throughout the country. and this was
nv all means the best commercial influence.
Proclamation was not nearly sufficient, however
and soy,e sections were scarcely moistened' put
much benefit was derived on the Wnoie. folesI
fires were checked. and tho start or the "lnler
wheat crop was greatly improved Lo" "atef
in the rivers still prevents shipment OF coal III
the Pittsburg district, and many mills are luie
because Of inadequate power; but the OUTLOOK Is
more encouraging in these respects t'e'@Ii
trade In seasosnable merchandise is fairly good
in view of the abnornalIy high temperature that
has prevailed In most sections especially favor
able reports coming frcm the Northwest. Kansas
C,itv Chicago and St Louis made the best COM
parsons with last years bank exchanges. pur
the peculiar conditions existing year ago make
this measure of little value. Almost all busl-
ness that can be deferred until after the election
is hating, yet plans under consideration VIII
call for lot of work when the start Is maoe
Immigration Tn September showed q decrease
of 10000 as compared with the same month
last year. but foreign commerce statistics are
most favorable. Exports were S4OOOOOO larger
than in the some month last year, while I'M
ports decreased only $SO000OO
Cotton recovered slightly, the spot market re-
spending to much larger purchases by the mills
and numerous evidences Of improvement In the
market for goods. Large sales OF print cloths
at Fall River are always considered Significant
in the market for raw material. There was the
further support of exports, 100000 bales larger
than in the same week last year, notwithstand-
ing the fact that reports of an agreement at
Lancashire proved unfounded Several former
leaders in cotton speculation became aggressive
when options fell below nine cents, but it was
not ar active market, because most conservative
traders preferred to await the Census Bureaus
ginning report Night Riders continue en-
deavoring to prevent planters from marketing
their cotton. but over 100000 bales came into
sight last week. There was also some advance
in wheat, despite better weather in the South
west and unusually large gains in the visible
supply. Support came chiefly from the liberal
export demand that was stimulated by esti-
mates of 10 per cent reduction in the Argen-
tine crop because of frost and Lisbon took all
the red winter wheat available at the East
There is a little better foreign demand for corn,
but the high grading of liberal receipts had a
more potent effect, and the week closed lower.
Industrial returns are relatively better. than
reports of distrfbut1ve trade, many manufacture
ers believing that consumption will soon be
normal, and consequently It Is desirable to ex-
pand operations. Latest news from the leading
centres OF the iron and steel industry indicate a
disposition to prepare for the future more nDer-
ally some important transactions being re-
corded in pig iron. There is also more railway
work. some orders for cars being placed while
rails and other supplies will be purchased very
soon for delivery during 1909. At the textile
plants there Is also activity, and prices
are somewhat frnner for cotton goods. but ex-
port trade in this department Is quiet Woolens
are moving more freely, and the raw material is
in fair demand at unchanged quotations. The
London auction sales closed above opening
prices, while domestic dealers at Eastern mar
kets are holding wool very steady. Shoe shops
have had some interruption from strikes. but
orders come in for forward shipment. and the
situation is more satisfactory than at any recent
date In general the industrial news is favor
able except for poor water power.