The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1895-06-17

NPtthl COnIp1ui'n~Ofht In,t,i.eactr
NCw forE, Juno l5..-Durin, tho first
half OF tho pas, weak tho market, Tor
securities showed tho tendency towards
re't aud rcalislng that wa' apparent
tho week previon4. On wednesday,
however, tho publication OF tho govern
mont monthly crop report showed n
better condition Of the cereal crops than
nad been expected, and encouraged n
revival oil buying, with some improve
mont In pricO,; which wa, h0lpei by n
bet'o' foOlinG at London on tho compile.
ton OF tho fortnichtly settlements; and
TINS recovery In, been held up TO tho
close OF tho week. beyond these acces.
sIons OF confidence, la,o in tho wcok
reports wore received from railroad oil.
Gals Ia the west indicating materially
OaIi0r preSout conditions In tho wheat
crop than were shown by tho govern.
men! report ~ for June |. One telc.
gram from tho president OF an import.
ant systom represents that, for tho
great wheat bolt covering Montana. tho
Dakotas and Minnesota. tho wheat
prospect has rarely been boltor. Il il,
probable that, in other sections, thoro
nH' also boon all improvement in crop
conditions generally beyond what wa,
iSppsentod 10 tho bureaus uSlimate Of
fifteen days ago These are very sub.
-tantiGl contributions to the iutnre
strength OF tho market, and are likely
TO agcct favorab!y the London market
Il: well rs our own.
Tho drift OF conditions seems to DO
carrying the market forward in spite Of
the efforts OF professional bears" 10
break prices. and Notwithstanding II
Willingness on the part OF some "bu ls"
to SEQ some reaction in prices and to
permit the market to repose for timc
on its intrinsic meriLs. There are, how.
ever. no appearances of coming check
IN any direction; and, from the prosen
outlook, it seems by no means improb a.
BILE that We may have good aclIyc mar.
ket during the summer. which may
bring regrets TO operators who NAV
choose to prefer reaction 10 watching
Wall street opportunities.
ANY improvement In the prospect OF
u good surplus OF cereals for export will
have an important bearing upon conf.
dencc. Owing to the growing demand
IN the merchandise markets, there is n
probability OF the fall imports being
large, and that probability Is strength.
cned by foreign reports OF large pur-
chases BY American importers. It is
therefore the more important that our
exports OF produce should be on liberal
4caIe, so as 10 oby!ate the possibility OF
important exports OF apecio;--thai be-
ing the only sore spot remaining IRON
the financial dangers through which the
country has passed since 1898. In some
quarters. there is little solicitude as
TO how far the loan syndicate may DO
depended upon 10 protect the treasury
against liability to export drains OF
gold alter tho winding up OF the loan
contract OF last February. There are
no open assurances upon this noint, but
the feeling - almost universal that the
syndicate will not retire from its recula-
ton oil the foreign exchanges un;il an
understanding has been reached, as be.
tween tho treasury and tho large local
holders OF gold, that will protec, the
government against its former exposure
TO drain. Such 4 course seems so neces.
sary in order to prevent an ultimate
collapse OF the syndicate scheme, it is
also so important TO financial interests
OF every kind. aud the prevention NAV
be 80 easily achieved in pursuit. OF mere
ordinary methods. it is generally
regarded as an entirely safe assulnp ton
that all needed precautions against q re-.
turn OF invnslons upon the treasury gold
reserve will be adequately provided for.
This being assured, there romans no
cloud in the financial horizon to suggest
q misciving.
Wall street, though taking no active
part in the silver question, watches
closely the prospect, OF its solution. Ii,
knows just what estimates 10 put upon
the populistic and otherwise popular
clamor OF the south and west in favor OF
IL TO | free coinage in tho United
States, and has no fear OF tho ultimate
success @! that programme notwith.
standing its noisy agitation. There has
been, however, 4 considerable number
OF conservative mon who have favored
tho unrcstrictcd coinage OF silver pro.
vidci it could be done upon basis that
would insure the full corporation OF all
tho leading nations. including e.peci.
ally England and Germany. The re.
cent utterances and action OF those two
governments on this proposal have,
however, dealt Il sorioua blow to tho
hopes OF the class who have thus stood
midway between tho gold-stand-
ardists aud tho silver-stanlardis,s.
Tho British chancellor OF tho cx-
chcquer has alphabetically affirmed
that the present Liberal govern
ment would. under no circumstances