New-York tribune., 1896-09-28

an equivalent amount in legal tenders Perhaps
wheat has advanced on account Of Mr Bryans
nomination. This is Bryan logic, but from the
great support the Republican party Is receiving
throughout the country It seems II the people
do not care for this kind of logic. Wheat has ad-
vanced from natural causes. The export demand
has been enormous. as shown by the activity in
ocean freights and by the actual figures OF ship
ments. "Bradstreet's" reports exports for the
week at 3.S1S.648 bushels. against 3,o66.OOO
bushels In the preceding week. BIOL, 900 bushels
in the same week last year and 2.J62.OOO bushels
In the corresponding time In 1894 The Russian
and Argentina wheat crops have been partial
failures and the advance In the price here has no,
been due to shortage In the crop. but to good
legitimate demand. Since the first OF the month
wheat on the Produce Exchange has advanced
about 10 cents bushel and this advance. coupled
with q rapid advance in ocean freight rates ana
scarcity Of ocean freight room, may FOR a time
have a tendency to restrict the export demand
and leave the price 10 depend upon the specuia-
tive demand rather than the export. 80 Iar the
advance has been the result of natural causes,
and free-silver takers would do well to learn
and digest this fact.
Trade conditions continue TO favor furtner I'M
ports of gold to this country. To date the
amount received, on shipboard ana engaseu
amounts to upward of SAB 3O19.ooO; and althoueh
sterling exchange exhibited 1rmer tendenc!
al the close Of the week the chances are thdt
$J0W0.O00 in gold will come here before 'heie
Is even temporary cessation the reacuoh III
sterling rates In the middle OF the week was APP
parently due to the advance in the Bank OF Eng
lands minimum rate of discount TO " per cell,;
and In part TO the somewhat reduced general
export movement due TO the difficulty I'm secur-
ing ocean freight room and TO the easier mone!
market here. The demand for exchange was
principally from gold importers and STOCK
arbitiage houses. merchandise importers naruly
figuring in the market The influence or the re-
taxation in the money market was rehecteu II,
an increase in commercial paper offerings ana
as the accommodation afforded mercantile Dor =
rowers meant an incrfase in Industrial actlN!a
there was adequate reason for higher se.uli's
market in this factor alone. The Nonn'e OF "usi-
ness both in stocks and bonds showed an tI',
Couraging increase from the preceding Week anu
it was far better distributed than In many
weeks. Dealings in railway bonds gave an o.1n ,n
crease in transactions in par value or SiVi,n" no
and in stocks an increase in sales or 90 -''
shares Among the chief active bonus thc
Atchison Kansas and Texas. and Reading is
sues were conspicuous both in the eA'en' oi III, ~
dealings in them and In their gain In Nalue. me
last-named issues were Influenced by the sae ~
the Reading Company at foreclosure to the re-
organization managers. Government bonds Wtle
also active and higher. Among the actNe
stocks net gains for the week ran from 10 "'2
pc, cent in some cases heavier gains pelhs
made. as in United States Leather preffrreu
which advanced per cent above the preceui,ns
weeks close The movements OF the Chiel az aot'he ~,
stocks and bonds In the week are given III ''''
following tables.