New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-06-13
hfnNrY INn RESINLNS.

The convention al Minneapolis and the "ov-
eminent crop reports have made the mar
t,,,s this week Other influences, even
fine large hanl; failure in England ana
,hc .alcs of American stocks Tor lofels"
boders have not been Of consequence %t'cr
weather has decidedly favored crops and trade
n the West Mere active distribution of many
products is seen AT the East, and Industries nave
been well employed with visible Improvement III
some but for the moment the thoughts OF men
have turned 10 the coming Prcsidrntlal 'lcc'lph
AMI the coming crops as certain To nave Ill 'h'
future an oycr-mastcring influence upon values
Husncss men are much divided when they vote,
lint they are nearly all Republicans when they
trade showing by their act, an unwavcrng belief
that Republican administration. Republican meas
utcs and Republican victories promote general
prospcrity. So when "A strong platform and a
strong ticket at Minneapolis gave assurance of
another conservative Republican Administration.
multitudcs were buying stocks whom party rea-
sons will lead to vote the other way. with
President Harrison sustained by the people. the
| international conference will he more likely -
settle the silver question, and meanwhile busi-
| ness will have little cause for four years more
| TO fear debascmcnt OF the currency through I'M
limited coinage.
The Government crop report came like spark
TO dry finder For than a week Geographic
adviccS have shown that bright sunshine and
hot weather have been Fastening the growth OF
| wheat and corn and cotton, and that floods were
abating but there still a feeling that the
damage done before June l. according TO many
accounts, might have been great that even the
most favorable weather could not prevent short
crops Then came the Government report Of
acreage and condition June /, showing that before
ILL; oil az 4, md hmm
outlook was fur better than spectators had
imagined The condition of winter wheat even
then was hut - points lower than year
ago. and Of spring wheat but five points lower,
md the condition Of cotton n shade better.
It. was at once realized that short crop prospects
were quite knocked ont. and men began t. buy
stocks and sell grain and cotton with alacrity.
The stock market recovered on Friday and Satur-
day all it had lost during the week and closed
- cents per share higher
The wheat report caused a drop Of 3 cents in
one day and j-s cents for the week. Western
receipts last week were 100000 bushels, AMI
exports from both coasts, 3,0j2,O00, flour in
cudei. Corn dropped l-2 cents on Saturday
| and had already dropped cents from the absurd
advance Of the week before, and oats also fell
3 3-s cents during the week. These are essen
TALLY reactions from prices that were entirely
unwarranted The Government report makes the
acreage Of wheat shade greater than that har-
vested last year, though bclated sowing in June
must have added TO the acreage since the official
reports were collected.
The condition is certainly much better now than
it was thirteen days ago, but even if the Govern
mcnt report should be taken the sole basis
of estimate, the decrease forcshadowed would be
only 80, 600 900 bushels in winter and 10000, OO0
bushels in spring wheat, indicating a crop OF
$40, 900 900 bushels Considering the large stock
10 be carried over, the supply for the coming year
will probably he greater than the unprecedented
supply for the past year. II is not strange that
pork and lard also fell in short. the era of