New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-09-12
TIE STOCK MARKET


II WIS Yesterdays Government crop rppr,
and the publication Of sensational letter. dated
Washington, setting forth in gros, cxaggcra'io n
the immediate monetary effect Of the new 1ari''
bill. that were made the principal factors III
tD-0ys limited stock speculation.
the final fhe o "pGt sps ss %"
Weld of over 4O0,OOo,OOO bushels. against an an
nual average OF 4iD,5D0OOO bushels Tor
corn is still SUBJECT to revision, hc,
Gauge Of the possible meteorological changes
The reported condition MS Of September J promises
a Yield Of nearly l,G00,00o0ho bushels. against
an annual average Of ,76l ,tO4 900 business for
the preceding ten years. 81, from the conditions
of September ! the crops Of wheat and corn
promise t. be anything except what may lr called
failures Ii is 10 he nOtc'. also thar the local ~
ports from Kansas and Nebraska, at li"r dates.
have shown material gains Oh the conditions for
corn over those Of September |. Further IT. /,
70 he noted that the price of cash wheat in New
York now is 81 OG, against SO cents NJ this dntc
hss9, and Of corn 3; cents. against 4: cents.
These are facts worthy the study Of croakcrs
about short crops for effect on the stock or rain
markets.
numerous letters aud tclegralI, had been rcciNri
from Nrw,) orli bankers and merchants. predict
ing financial crisis if the period for withdrawal
Of bonded imported goods under the old int"s
for duties we're not extended. and $50 600, 600 ~
$50 900. 900 was mentioned as the sum which
would be taken out Of general circulation before
November if the hill should become a law ny
10 mixer or merchant was mcni i"n"d as the author
of erc, Il prediction. And if there ar" any who
have INDUCED in any snch eXtTnvattncrs. they
probably would DC ashamed 10 Iavr their namcs
printed in cold type.
Now. tie total value Of imported goods in ;he
bonded warehouses OF the whole United States
is about S45 OOo,0 On portion Of these. by
the new law, the rates Of dnty will be reduced
and another proportion will 20 on the fr" list
Certainly their proportions will remain in bond
I'll they can reap tho reduction Of lac duty. unless
tho demand for consumption requires their early
Withdrawal In 80 far the law affects
these two proportions 1t retaris instead Of hasten
Ing the payment of duties. The Ncw-i0rk BOMBED
warehouses probably contain al least - per cent
Of ali goods in bond in the whole country. OF
the New-York proportion Custom House ofcial>
have estimated that the duties on the
good on which the duties arc raised
by thu new law are within Sl0,o00.0o0.
Iut even this will not be all additional duties that
will be paid before November !. good proper
ton Of the goods would come out To- meet trad" r..
quirements exactly they always do Further i'm
ports having been hastened to come IN under the
old tariff it is To he expected that the imports will
fall of correspondence. and smaller amounts will
he entered for immediate consumption during
October than would have been except for thu
earlier movements There is some little polite.
mixed With al these ssYaggera,ions., but more Of
speculative finance. We wonder II any OF ths
henk1Tl. MAe N tIy1nG q 1aSss 9be X0eaANSy -