The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1892-04-11
FINANCIAL REVIEW.
Horny CLOVIS Weekly Rovlew of
tho State oftho Money Market.
The COURSE OF FUTURE AFFAIRS
at tho Stock Exchange Depends on
Several Fac,ors..Caus of tho Sud.
den Decrease in Exports..spccula
tions Regarding tho Silver Question.
Special Correspondence ofNe %InlcYi0enccr,

Special Correspondence qrihe IntcHiOenccr.
New YonK, April 0.-Tlie course Of
affairs nj ,I,n stor,, ovch,,,o 70, a.
- wv '""So io' 'ho
iieAs iew mohths u iiKcly 70 depend
principally on tho following factors:
(l)l Tho prospects of tho crons roy Tho
corrso ~ flo mo,o,, ,,,r,,o, iol rha
~ ' No' ny
eourso OF the foreign exchanges; w
The action OF IL own and Of foreign
governments in respect to tho rcs,ora.
,;on NJ silver. f5, m. mo,ono,. =,
go ", ~ VI
our SECURITIES helu IN lorelgn countries
and 10y The condition OF domestic
trade.
As to the first Of these conditions, nil
Is vet in tho future. An that cnn now
DO said Is TINT winter grain hns with.
stood succcssfully tho adverse incidents
of weather and storm. and that Tho
sprinr opens with good p]rospccts for
that part OF tho wheat crop For tbc
rest, ali must depend mon Tho unccr..
taintics OF tho weather of tho ncxt
three or four months, II il 10 bc re.
m%ombcred. however, that tho largc
stocks OF agricultural products still on
hand from last wears crous amount for
all practical 10 Tho sumo thine
rs nm assurance of n lihernl harvest Nor
the s~laclieninp of the Euronean Iomond
for our grain and its falling nric, show
that tho wants Of that nort nj Ma world
have boon largely satisfied: and wo
shall. therefore. enter Tho next cron
year with n surplus that oven shouli
our crops proys LIGHT. wo shall have
about nm AVERAGE sunnly available ior
export. This is mn insurance of M
small value to tho country Mt largo and
especially to the railroad interest.
In rcspect to the loan market scorce-
IL n doubt is entertainer in nnv quarter
as to thu continuance of the nrcvoilinr
case throughout thc simmer. The Iow
prices of n wide ronrn oi products d.
finnish the amount Of money rcnuircl
for handling them. whiln tho issno nj
s4,50O,O 600 OF new money each month
and tho u%nusunlly hirh range Of ti,e 70.
serves of tho banks iorcshudow oosy
rates ali over the country,
Il is not easy to forecast tho course of
the foreign exchanges for thc neyt Jaw
months. For tho last Month the ION.
Gencv has becn towards nm incrnase nj
our imports AMI n decrease of .onr OK.
portsEwhich is n distinct chonoe from
the course of the nrrcclinc months
Tho trnth is thnt Tho denrnssion NJ hnsi.
ness in Eurone has checked the demanI
for mn products from thot nars Of the
world while on Tho other hond low
nricoq abroad and n NECESSITY anon.
foreign producers to sell have tended to
swell our imnorss In This wov tho
anticipated effects of II cytraordinorv
crons have been thwartcl md wc have
been exnortirr gold when We eynectnI
to be imnortina Il in LARGO onnntities.
if remains to he seen how mich farthor
this tendency viii rnn snr;nr
and summer Vcrv mnch no douht
must dcnrnl nm what NAV be done in
rnsncci to tho silvc- oucstiop md m Tho
eiTect, of such action unon our securities
held in Euronc
The course to bo taken hv tho lo,di,c
governments in thn.jyov NJ cstohl;shino
hi.mctollism mon n broad ;ntarnotionai
basis is ncrhar. bv iar the moot inn.
nor,ont fnctor nj nroscn. ofcoctiny tLo
financial m:rkets Of tha world Tho
chanceI Of efficient action beins taken
perhaps depend chiefly mon Tho atti.