Evening star., 1895-06-11
FINANCE AND TRADE
Effect of the Governments Crop
Report.
SHARP ADVANCE IN CHANGERS
interest in the Speculative
SpeciaIties.
GENERAL MARKET REPORTS

Special Dispatch to The Evening Star.
NEW YORK, June 1.-THE government
crop report was the incentive behind to-
days marka., prices teing advanced in
sympathy with the satisfactory showing
ms de therein. The condition Of winter
wheat is reported at Ill, against SO at
the first Of May, but this estimate is such
an Improvement on the private statistics
previously puolisa d and the general aver
age for all cereals is so thoroughly salts
factory as to MAKE the outlook almost all
that 1t should be, certainly all that could
be expected The successful harvesting Of
the crop. as It is now estimated. will in
sure handsome profits to the railroads, and
the farmer will have a satisfactory return
for his own 'abors after deducting all
traffic and other incidental expenses.
The granger stocks opened strong, with
Burlington leading. and recorded sharp ad-
vances during the day. st. Paul lacked the
snap of Its ne:ghbors. and was neglected to
some extent for Rock Island. Northwest
and Burlington. The latter property is
expected to make important additions to
its earnings the result of transporting
the enormous corn crop now seemingly as
sured.
Strong interests are accommodating the
stock in anticipation of this result, and the
advance today is regarded as being the di-
rect result of a legitimate demand based on
merit
London's lower opening was somewhat
| disappointing to the local representatives
of foreign houses, but this being an i'm
portant settlement day the declines in that
market may be attributed to neglected
| market rather than to any change in sentf-
| ment. The assistance from that center
should improve toward the end of the
week.
The specialties were in good demand
| throughout the day, Tennessee Coal and
Iron and Pacific Mail attracting the bulk
of the attention at gains of 1ts and IL per
| cent each. Iron manufacturers report an
almost unprecedented revival in business,
and many OF the larger plants are taxed to
their fun capacity, orders being taken sub
| tect to delay.
Sugar advanced under a moderate buying
demand based on the encouraging outlook
| for a profitable summers business, the
| buying, as usual, being by brokers gener-
| ally identified with any important move
ment in the property. The vetoing of the
consolidation bill by Gov. Aitgeld yesterday
had no effect on Chicago Gas, friends of
the property giving the stock the support
necessary to overcome bear attack.
The advance in the price of wheat en-
couraged a moderate reactonary senti-
! ment among traders during the afternoon,
but the demand for stocks coming from
commission houses prevented the success
of the movement. Sentiment is again
strongly In favor of higher prices, ami the
period of hesitancy is apparently at an
end.
The silver agitators are daily being de-
prived of their best arguments as every
advance in the price of commodities under
the present monetary system proves tie
fallacy of the remedial qualities attributed
to the unlimited coinage Of silver.
The strength of foreign exchange is per-
haps the least desirable feature of the sit
uation, but thare are several months left
In which to adjust this difficulty.