New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-07-18
MONEY AND BUSINESS.

Tho last week has brought some changes OF
inheritance 10 business the effects Of which have
hardly been felt ~ yet The defeat or the silver
bill clears away the danger OF free coinage for
the rest of this year hut 10 the surprise OF many
IL has produced no effect whatever IN the STOCK
market American spectators have not been ig-
norant enough 10 believe at any time that the
measure could escape or be passed over veto'
while American investors do not often rush IN 70
buy largely when prices have been nailed up Tor
months 80 that the market has become stagnant.
The temper Of foreign operators ana investors Is
Affected quite ns much by the fact that under cA-
listing laws the Treasury Is losing gold and accu-
initiating silver as by the chance that free
coinage bill might pass over the veto The oene-
fetal influence Of the defeat Will be secn hrst III
tho readiness OF investors to put money into new
industrial works but activity In that direction is
somewhat hindcrcd just now by great strikes and
| Genes Of violence.
H. can scarcely be said that the arrest Of gold
exports was due t. the defeat OF the Silver Dill,
since il was understood more than week ago that
| the exports were not likely to continue. only
| 81 ,O92, $50 gold went out last week OF which
| 1898 900 was 10 Mexico, and heavy offerings OF
bills against products To be sent abroad prevented
| a further movement on Saturday At present. eX-
|
t. should be remembered that last July the exports
were much the largest ever known IN that mohth,
exceeding those of July, 1890, by more than SS,-
| 300. 600, or % per cent The imports III July
thus far have been remarkably heavy, In value
500 4 O0, 900 In two weeks at Ncw-iork, against
SI7so0 900 last year, about 90 per cent increasc'
but the movement year ago was unusually small
| The Indications are that there will be some ex-
ccss of merchandise imports this month, but not
| longer Meanwhile the final statement for June
shows imports exceeding exports by only S1,lOO,-
900. against 81 5000 900 last year. and the agge-
gate for the fiscal year shows m excess OF nearly
sos. OOO, 900 exports. the value of which was
slightly above 81 ,o30, 100000.
The decidedly favorable crop reports produce
less change in prices than might have been eX-
pected. though IL does not seem reasonable TO at
tribute the inaction in speculative markets wholly
| 10 the pending AntiOption bill. Vicious as that
| measure would b. If passed. trades would hardly
| discontinue business for weeks Oh account OF n
| bare possibility. II there were otherwise attractive
| prospects The fact that cotton md wheat are
very low-and yet the existing conditions, II con-
cnucd! would be apt 10 put price, still lower
| tends 70 repress speculation. Wheat rose half a
| cent during the last week. though the Western
receipts were about 100000 BUSHELS and ex-
| ports from both coasts FOR the first MO weeks OF
| July were 4643,630 bushels including -four,
| against 4,446,5l2 bushels last veal As usual
when the trading world is staggering under large
stocks, the most numerous and noiseit estimates
are all against the great yield which the Government
report would indicate But there is nothing in
foreign advices 10 justify expectation gilmore than
fairly large export demand for the coming year,
SO that exports might not unnaturall, decrease
e. 900, 900 TO 100 000, 900 bushels. ard II that
should happen the surplus stock now on hand will
be enormously increased. Corn declined during
the week IA cents with reports of favoring
weather AZ the Vest but receipts from TO farms