Wessington Springs herald. (Wessington Springs, Aurora County, Dakota [S.D.]) 1883-1891, 1890-05-23
coRsER IN SILVER.
New York Spectators and Their 1rnmense
cha

I Ne" MUIR
Purchases.
Anew York Mail and Cypress special
from Washington, says: Statements nave
been made here during the last two OF
three days to the effect that a large corner
in silver has been c~onsummated IN New
York. The uncertainty which has existed
in regard to silver legislation has helped
The manipulators greatly, and the govern
ment is now compelled TO bring its silver
from England.
The amount of bullion held by New
Workers is estimated by some of the most
extravagant Mt $500 0 600 IN bullion and
certificates, but the conservative and trust.
worthy accounts place the total amount OF
bullion at s$4, 600, 900. At this season Of
the year this is a large amount, because
the large mines in Colorado and Nevada
closed during the winter months, and the
output is not SO great.
While these figures would cover the bull
ion, it may be increased several millions OF
dollars by the number of silver certificates
which have also been purchased by the
spectators. It is o fact that the govern
ment has been compelled to buy its silver
in London, and to complete the deal the
New York people have been keeping even
with the government in purchasing abroad.
They have almost cornered the market in
London.
1t is also a fact TINT the silver offered the
government at the assay Office in New
York has been at a premium Of from 2 to
8 cents.
Silver Coming In.
The exports of specie from the port of
New York last week amounted to $4,000
all gold, of which $1,000 went to Europe
and ST., 100 to South America. The i'm
ports of specie amounted to S607, $40, of
which $17,O 64 was in gold and $3.50, SIG
silver. This is the first week in many
years that no silver was exported from this
port and this exception is undoubtedly due
to the anticipated silver legislation. Allthe
silver imported came from Europe, an alb
normal movement also resulting from the
anticipated silver legislation.
The Cotton Crop.
The statistical returns of the department
of agriculture for May, relative to cotton,
report the progress of planting and condi-
tloAe aAeCsiuS oeeu1uS uAo soAAAAAaeAou.
Planting is late except in the Carolinas.
In Georgia it is scarcely up to the average
at this date, the delay being caused by
drought, difficulty of blowing and slow
termination. From Alabama westward
serious delays have occurred from
excessive rams, overflow of bottom
lands and floods from the rise of
great rivers. Replanting is necessary where
the seed has rotted in the ground. Great
scarcity of seed is reported in portions of
Tennessee. Usually seven-eighths of the
cotton area is seeded before the close Of
April. This year only. three-fourths has
been planted. The proportions in the
several states are reported as follows:
Virginia, IS per cent; South Carolina,
Sc; Georgia, SO; Florida, 81; Alabama, So;
Mississippi, IS; Louisiana, 70; Texas, rs;
Arkansas, 60; Tennessee, 81, Average,
1873 per cent.
In the Mississippi river bottom lands
the fears of floods, as we'll as actual over
flows. prevents planting, which will be
actively pushed as the waters subside and
the danger becomes less imminent.