The Dalles daily chronicle. [volume] (The Dalles, Or.) 1890-1948, 1892-08-15
BAD CROP REPORTS.
Fhe World is Calling for GOld--NeW
Record for Silver.
NOT A RIPPLE IN THE MARKET.
Great Increase in the Money cireula-
ton of the United States
GOLD PAIp FOR IN LEGAL TENDERS
omcfal Treasury Statement Concerning
the American Money Circulation
at Present.

NEW Ohh, aug 4O.--4H view Vi LitS
reports of injury to the crops abroad the
apathy of foreign buyers is significant.
It means that either they have large
stocks of foreign wheat and are "dead
broke'' by losses sustained on them, or
else the reports of injury are not true.
Reports from Iowa, Ohio, Illinois and
Kansas show that the corn has not made
up any of its lost time and that the crop
is fully one month behind an average
year. The harvest of oats is under full
headway. The crop is streaked and un-
even. Kansas has an increased acreage
in the three leading crops; wheat. corn
and oats. The increase in winter wheat
is 6.9s per cent. and spring wheat l0.4
per cent. The increased acreage in corn
is IA per cent. The oats acreage in
crease ia "a per cent. The total availa-
BILE stock OF wheat in the United States
and Canada, ahoat for Europe and in
Europe, as reported by Bradstreet,
amounted to 9S, ,52e 900 bushels on Aug
ust 1st, against 90, ,2O3, 200 bushels July
let and s5, 1854 600 August lst last year.
OF this amount Ga ,44S, 900 bushels were
outside of America, against 90, ,544 900
bushels July and 60, ,6ss, 600 August
let of last year. The visible
supply of wheat has begun to
reach the period of regular annual in
crease. and it may be expected to gain
steadily until the lst of January. The
exports of wheat from both coasts for
the week ended Thursday showed large
increase over last year for the cores
ponding week. The official Ohio report
says that it is probable that its esti-
mate of So, ,oOO, 900 bushels, against 49,
500, 900 bushels last year. is likely to be
reduced by subsequent returns.
The week witnessed the making of
new record in the London market for
silver, the price of bars at that centre
having fallen to 3s24 d per ounce, which
is the lowest point ever known. The
depression abroad naturally created a
much weaker feeling in this city, where
the commercial price of bars ran off to
the unprecedentedly low figure of s43s.
This sharp decline reduces the bullion
value of the standard silver dollar pre-
ceptibly, it now being only 62. %. All
commercial nations are calling for gold.
La Touraine took 81 900 900 gold, sl3,-
900 in silver coin, and the Elbe $44, 900
in bars The effect of the heaviness in
the markets both, here and in, London
was reflected in a pronounced decline in
the price of silver certificates. The
amount of free gold held by the treasury
is $11, III $3.50, against $l10,s11, ,34s on
Saturday The gold taken for shipment
was paid for entirely in legal tender and
treasury notes. There was not the
slightest ripple in. the money market
during the week, and the supply of funds
was in excess of the wants of borrowers.
Call money was easy at IL q 2 per cent.
and time loans were done at 215 90 per
cent. for sixty days to six months. The
official figures of the treasury show that
the money in circulation in the country
on August the 1st was $l0l 1926 ,513 greater
than last year, as viii appear from the
annexed table: