The herald., 1896-06-19
Local, Eastern and Foreign
Commercial Dealings
WALL STREET SPECULATION
The Wheat Crop and Stocks With Pros
poets On Prices
New Clearing House Rates on New York Banks.
The Growth Of the country-Men
Trained for One Purpose

We believe the visible supply of wheat
and 1896 crop will equal either of the out
turns for past two years. plus the yearly
visible June l. Primary receipts now aver
age about IS per cent larger than year
ago and show an increase in all sections.
Exports are about 2S per cent less. and
score a decrease from nearly all ports.
The visible supply refuses to become invisi-
BILE faster than In previous seasons. The
milling demand has apparently drawn
some thirty odd millions from the visible
supply. Primary receipts since July 1st
have been about 100. 900. 900 bushels, against
about 147. 900. 900 bushels last season. Tor
nado years usually furnish moisture. at
mosphere. etc. that produce large crops.
Shorts and bran now range lower than for
many years. A few weeks ago millers ad-
vanced the price of flour only to meet a
boomerang.-Clapp's New York Letter.
We believe that the new rule adopted by
the New York clearing house in respect to
Endorsements will be generally recognized
as a step in the right direction. We urge
our readers not to cash checks drafts or
other items) or receive them for collection.
for strangers. unless properly introduced
and vouched for by some responsible per-
son we'll known to them, who Is willing to
indorse the check and who understands
that he will be called upon to take up the
Ciiech anu TelI1DuTSe tne DdIk, III case tHe
check is ever returned for any irregularity
In Endorsement or amount And in remit
ting such paper to the New York corre-
spondent should be as per the following
example: Pay to the ......... bank of the
city of New York, or order. Schoharie
Savings bank, Schoharie, N. Y. John
Smith, cashier. American Banker
In $500 only the country between the At
lantic and the Mississippi belonged to the
United States. Since that. the Louisiana
purchase in 1s03 the Florida in 1921 the
Mexican acquisitions in 1S40. 1850 and 1853
and Alaska in 1867 have been added. The
increase, excluding Alaska, has been from
S27,S4 to S,025,600 square miles. or 35s. but
the aeo growth Of I.o population has been from
o,aOS, 4S3 to 62, 25O, or nearly twelve-fold
In 1900 the inhabitants were little less
thar, seven to a square mile lin 1870 they
5Ia nad been less than . In 1890 they were over
densest is the District of Columbia, which
has 1899 to the mile; the next is Rhode ISL
and 3lS. then Massachusetts 27S, then New
Jersey 1893, Connecticut 154 New York 125,
Pennsylvania ll6. Maryland 105. The other
states and territories run below 100, down
which have less than one inhabitant to the
mile. The census commissioner notes that
In Rhode Island and Massachusetts the
density of population is as great as in
many of the most densely settled European
states. and that the entire North Atlantic
division. pre-eminently the manufacturing
sS','oit' mas dH tNtrdSe VI over loU lIflaDl-
tants to the square mile. But it may be n
surprise to some that among the old states
Maine has only %. New Hampshire Al, Ver-
mont 26. philadelphia Paper.
The spark IN the flint would sleep for
ever but for friction: the fire in man would
never blaze but for antagonism. The fric-
tlon which retards train upon the track.
robhing the engine of n fourth of its power,
Is the very secret of locomotion. Oil the
will not move an inch. The moment man
Is relieved of opposition or friction and the
track of his life Is oiled with inherited
ceases to struggle. and therefore ceases to
grow. This age Of concentration calls. not
for educated men merely. but for talented
men. not for geniuses. not for jacks-of-all-
trades. but for men who are trained to do
ore thing as well as it can be done. Ma
poeon could go through the drill of hia
soldiers better than any one of his men,
Detroit Herald of Commerce.