New-York tribune., 1896-02-03
MONEY AND BUSINESS.

I. the bond sales go or all right this week II is
the general impression that there VIII be easier
money markets 50 that the chief obstacle 10 ac-
tivity II Industries and commerce VIII be re-
moved But many fear that the stupid vote oi
tho sonat, for free silver on Saturday may much
diminish the bids on foreign account. although
.v.rvho1v in this country has known for weeks
,bo, a free silver bill would pass the Senate and
.is, that II would be as empty as Popes bull
against the comet. In strict truth, there Is aDso-
luiely noihing In the action OF the Senate TO
affect In the least the bids Of any sane man Tor
the bonds offered. But 1t Is apprehended that
foreigners may be disturbed, and also that large
Withdrawals from money markets may cause
some inconvenience.
I, is generally believed that the s2O,00O.co0 gold
required for In, first payment has been pro-
vided SO that. although the New-York banks Will
have 10 furnish most Of the gold they will hold
instead a nearly equal amount of other money re-
ceivcd during the las, month. mostly from the
inferior The fact has come out that the ex-
cessye shipments Of silver certificates to this point
have cccasioned some embarrassment. and part
Of the banks have advised customers that no
further receipts Of that kind are desired. The
greater ease of money Turing the last week was
considered assurance that sufficient provision
had been made. and that no further stringency
need be expected. but the operation OF raising
and transferring to the Treasury $lo0Oo.OOO more
I'm Zach fifteen days thereafter for four months is
Table to have some influence on the market. espe
cially as 1t Will take up gold at time when for
eign trade would ordinarily cause exports of
gold 4 favorable feature Is that merchandise
imports for the last four weeks have been In
value about 10 per cent larger than last year.
while the imports of goods have increased only
about per cent and In receipts Of drygoods
some decrease appears. Another fact or much
Importance Is that the commercial maturities
about the last OF January. regarding which bank
ers have had considerable apprehension. have
been met far more satisfactorily than was ex-
pected. This gives greater confidence in handling
commercial loans for the future
Wheat continues Its dissipation. having risen
about ~ cents again last week. that quota
tions are to cents higher than January |,
although the visible supply has hardly decreased
1000 900 bushels in January. Western receipts
continue large In four weeks 9.9S7.99l bushels.
against 5,ll2,273 last year. while the Atlantic ex
ports have been only about one million bushels
larger than a year ago; for four weeks flour In
cluded S4O3765 bushels against 1872 5s4 last year.
OF course the Pacific exports do not at all affect
the supply and demand IN Eastern markets The
total receipts at Western ports since August l
have been 142 900 900 bushels, against 109 900
In the same time last year. while Atlantic ex
ports flour included. have been about $4,000 900.
against GS. 900, 900 last year But 1t Is getting to
be about time for the customary spring
about destruction of winter wheat and some
spectators appear to be getting ready for It, The
chances are that there will be some wheat left
after they done.
The cotton boomers" have been rather more
noisy but less successful, than usual. and the
price closes shade lower for the week and for
January The quantity which has come into
sight since September /. though 301 per cent
smaller than last year TO the same date Is 237Sl6
baiAa larrer than In 1s9a 90 that II remaining 70.