New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-06-15

dDie improvement In sentiment was tho leading
n ndaacteristic OF all discussions. Those who had
'NVdV oTeu 10 set the Street on pins and needles
regarding the money question relaxed In their
EFFORTS. AS they subsidized, the conviction gained
snuuhu mat the principles of sound money would
!uie IN handsome majority at St. Louis and
'hat the platform would come out strong on a
sdtc and sure sound-mOney declaration. The in
crease of this optimistic sentiment extended 10
the foreign markets. where traders and investors
were disposed TO throw off the dismal feeling
or uncertainty over this country's currency out
look, and reflection of such an improvement
Yes seen in our security market on Friday and
Yesterday when for the first time In a consider
able period good demand for the foreign ac-
count existed That there is large amount OF
capital in Europe ready for investment con-
hlmed by Mr.. Morgan. who returned from the
other side IN the week. and all that is wanting
u make large exodus Of this capital from there
10 thlS country, as Mr.. Morgan says, is the as
surance that there is no uncertainty OF how Il
will be repaid. There cannot be a doubt that
foreigners will soon receive an emphatic assur-
ance regarding the much-discussed money ques-
uon and when that assurance is given there
VIII not be doubt regarding the movement Of
foreign capital this way. At present the move
ment of capital IL against this country but II Is
based only upon temporary conditions which
very soon Will give way under the popular YER
dict in favor of all that is best suited to pre-
serve the Nations credit at home and abroad
Despite existing uncertainty abroad over this
corntry's political outlook, there Is sufficient
faith there 10 lead investors to put Of their
money into American enterprises before the
lection OF the Presidential candidates and plat
forms, as instanccd IN the week in the London
purchase of upward Of S7OOo,oOo Anaconda
Mine stock, the ovcrsubScription in London to
the . per cent gold bonds of the Milwaukee
Electric Railway and Light Company ana the
purchases In the stock market In connection
with the sale Of the last-named bonds II is in
tcresting to note that the North American Com
pany on Friday paid TO the Central Trust Com
pany 81 100000 to take up the balance of the
collateral trust notes which were issued year
ago, and tina; the money used to pay of the
notes was secured from the sale OF the Mil
waukee Street Railway bonds.
According to the recent Government crop re-
port the harvest for 1896 ought t. turn out up
ward Of 26S 900 600 bushels OF winter wheat.
against 257. 10000 in 1898 and 326.399.O0O in
1894. and lsl4700oo bushels OF String wheat
agains; 200 3!A 900 In 1895 and l33NiSO00 in
1924. Tho prospects FOR oats are better than the
actual returns Of either 1895 and 1891 while cot
ton should aggregate 9l0O00O bales. against g.
6SS coo last year and 9OeS,OOO in the year before
that. The cotton acreage thie year is far larger
than last year. ana the benefits 70 III" South
western roads will be enormous. as compared with
the poor showings made in the last twelve months
on account Of the short cotton crop. The other
Southern roads VIII also gain by the good cotton
prospects in the SouthWcsA. ana tnrn re'urrr oI
earnings should be far different IN lS!O ami lN3i
than In 1880 The condition 81 spring wheat as
shown b. the Governments report ana ny
individual examination, is better than locke!
for. the acreage being placed nj llS-DopD
acres. aganst 1l4OOOo0 acres last year. Its
Importance - the roads In the Northwest
cannot b. oVerestimat"d. II means another
prosperous year for the 81. Paul. Northwest ana
other companies. Government crop reports are
not always trustworthy. and. as rule. they IN
dicate a smaller yield than actually expected;
but oven at the present estimates the report Is
favorable exhibit.
REPORTS Of railway earnings for the hrst week
in June show a gain over the last week IN NAV
and the gross earnings in May We're better ihon
had been expected. showing an increase " above
. per cent over May. 1890 and one Of 60 per
cen; over May. 1894 Bank clearings however,
showed a heavy decrease. In the last week they
gave loss II 81 per cent from the preceding
week one of Go per cent from the same Week
last year and an increase 81 l21 per cent over
the same week in 1894. Compared WITH the cor
responding period in 1893 the loss was VI PER
cent, and for 1892 loss of 1I.G pc; cent.
General business continues dull pending IN"
nolitical conventions but a great improvement, IL
The grain movement has taken place. the recelp y
az Chicago showing enormous Increase. ana IN
the returns received last Monday the DELIVERIES
AZ Chicago amounted u o.S.O,Ooo bushels: agains'
2 SCI 900 bushels In the fart, time In ISL - t.
con bushels in 1894 and ].I9O,WO II ~, -
morrow reports expected 70 sho'' Tx l''-
provement. $500, 49, ,,
The actual trp ding IN stocks developer no siH-
ni0can; movements which have not alr'auN p'"'
referred to IN the daily reports In ms c'iunH.
printed IN the week. and the Idea 81 thc Wtrh
business in stocks and bonds can be had rom 'h'
tables which follow:
STOCKS