New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-07-08

.xrort. and an performance is more impressive
than promise. the fact that gold did not go out
when circumstances apparently favored. ana
that many bankers declined to ship although
pressingly invited, gives the Street more conn.,
dence In any case the time Is near at hand
when heavy exports Of products will make so'd
Imports natural. and II pinch comes this year.
IL can hardly come now until after the big months
Of export have passed.
There Is also some reason to expect further IN
vestments by foreigners in American securities.
The strength OF the stock market proper, IN spite
OF frenzed fluctuations In so-called indnstria'
stocks. gives evidence that the ablest railroad
managers are looking for good business next iai''
and that sort Of evidence impresses Ioreisn
minds The average for railroad stocks advanced
during the week about 80 cents per share. wn'ie
the average for trust stocks rose u 90 per snare
There are some large financial operations peho'hs
too. which promise TO enlist large amount Oh
foreign capital In American enterprises an"
good crops will doubtless convert many prop"-
bilities into certainties. Prices have yie'oeu ~
little Of late that cautious are much en-
couraged, and the agreement OF railroad pres'-
dents really has more influence than. after 80
many rehearsals OF the same comedy. cou'u 'e"
sonably have been expected.
ports without noticing how greatly the move
ment In every section appears to depend upon
the crop prospects. In all the far Northwest
ern cities things are booming. because the pros
poets for spring wheat are brighter than ever
while a moderately unfavorable week has been
enough TO chill enthusiasm at New-Orleans ~.
Louis. Kansas City, St. Joseph. Omaha, Louis
Vile and Memphis Atlanta and Dallas all re-
port good prospects and better trade. while IN
Ohio Indiana and Michigan the wheat outlook Is
not cheering. Perhaps the most trustworthy Oh ali
indicat tons Is the concurrence OF chicago DUST
ness men, expressed In the statement teiegrapheu
to Dun & Co. by Their branch there private IN
formation by mercantile houses shows that crops
"are in excellent condition and farmers this fall
SHOULD be we'll supplied with money. This Is the
great cause which makes fall purchases the
very best In the experience Of most houses mere.
From San francisco there comes however. re-
duction In the estimate OF the Pacihc yleid OF
wheat though the stock Of old wheat on mana -
reckoned at 100000 tons 1t is getting to be a
general impression that the corn crop Will be re-
markably large. although there are sui some
weeks Of uncertainty to come
The Industrial outlook Is not only brighter
than It has beer for more than two years. but
the rush Of buyers in some directions is even re-
garded as dangerous by some conservative peo-
pie No doubt 1t largely exceeds the actual con-
suming demand In many articles. as It has been
stimulated by the belief that prices Will rise, and
a good many dealers may find themselves with
inconyenienty large stocks on hand AFTER a
time but II wages continue to advance the buy-
ing power OF the people will surely enlarge and
good crops will make a tremendous dinerence'
In iron and steel there Is the possibility that the
railroads may now begin to demand something
like their usual quantity Of rails and otner sup
plies. which would greatly intensity the pressure
| on steel works now in oueration and might ad-
vance prices materially. The advance OF u per
ton by the Thomas and other Eastern makers
| OF anthracite foundry during the last week. and
81 per ton by Southern works, with IS per ton Tor
steel beams makes the average advance In all
products Of iron and steel over Is per cent since
June LIST.
A similar and somewhat menacing advance
has occurred In prices Of wool. which had risen
fully cent per pound for the kinds most IN
demand before July l. and have since advanced
another cent, partly because London sales be-
Ginning July 2, showed an average rise Of IN
| to 10 per cent for merinos and 10 to 10 per
cent for cross-bred woods. The determination
| NJ Western holders to realize on their wool some
such advance as has been seen In wheat and
| other products has caused manufacturers to pre-
fer foreign wool quite largely. but the reported
sales last week were s,s24OO9 pounds domestic and
4s5s0O5 pounds foreign indicating that transac-
tons were rather largely speculative. There Is
no indication as yet OF a general advance In
woolen goods nor does there seem to be room
for any, The market for shoes, hides and
leather continues as strong ever, with heavy
| shipments.