New-York tribune., 1897-07-30
ANOTHER ADVANCE IN GLUCOSE.
THE EXCHANGE MARKET-OTHER THINGS
AFFECTING THE BUSINESS SITUATION.

There has been another advance of fve cents
hundred pounds In the price of glucose. bringing
the price up to 81 55 hundred This is an advance
of 60 cents hundred within the last three weeks
II is said that this rise is not entirely uue 10 the
formation Of the glucose trust but Is In measure
owing II the burning down of one OF the refneries
in Chicago A capitalist interested In the new conf
pany said yesterday that the organization OF the
trust was not yet completed. and tfat IL woulu pe
some DAYS before the officers would be decided upon
The company expects to start business on August
Is and IL no hitch occurs in the final arrange
ments this will be done The report that the COM
pany will make an early application TO have its
securities listed on the Stock Exchange Is prema-
ture as the securities have not yet peen ensTa'eu
Sterling yesterday firm. with rates at about
the highest point touched In some time. The de.
mand for bills seems TO from number OF
sources and good deal Of it is attributed TO set
tlement OF credits There Is no essential change IL
the character of the market and the expectation IS
that about s1,5Oo0oo in gold may be exported To-
morrow TO Paris. II is worthy OF note that Amer
lean bills are offered in London for october neX'
and that these are being taken on per cent DIS
count basis. This means that there are people !"
London who do not expect discount rates TO be
higher than per cent about that time II Is the
opinion here that the maker Of the bill which is
discounted at per cent for October reXt will prob
ably 90 a good deal better than the ciscounter
thereof Most people here expect discounts %
touch fairly high figures In London next fall
The immediate reason for the decline in silver IN
the last week is the fact that China refuses to buy
silver and has steadily quoted the price below Lo.-
don parity Sterling at Shanghai has fallen 10 the
lowest figures on record. and has been as much as
3 per cent below the regular silver import point
working from the London price 1t appeare that
China is now Oversupplied with silver, ana is us
posed to sell II wherever possible. Canies laNe
spoken OF shipments from China 10 lndia direct:
The tariff obliges importers or tobacco 10 ,t EnE
duty Immediately upon arrival of the goods. l'is
iC cd IN a
the duties collected heretofore IL mas DeeIl ny
custom for importers to allow tobacco TO remain
The evaporation of moisture reduces the oilglHa!
weight 10 20 10 per cent thereby n'aklng III Sieas @
saving the importer in the past This VIII 10
longer be permitted. ,.
In the last two months there has been an advance
in refined cotton oil that has averaged at least ~
per cent on standard grades Tie statistcal posi-.
moment as stocks in hand only about enough
10 meet requirements for consumption uhU III 1ie
beginning OF the regular crushing season l!Is
season starts generally about November. althoush
of there is always some WORK zone iolIS Nv
Assuming that wheat in South Dakota IS dam
aged that the crop Is no larger tban iasl 49,
the loss is not material affecting the sprlhE
wheat crop as a whole. for no damage Is REPORTED
In Minnesota North Dakota: Last year WAS was, Il
poor spring wheat year and 1S95 a great one. ne
relatively small mp1rance S,S S S0"fm sprin
wheat yield 1896 215s3,4jo bushels ls92 ~ 1Slo'o o
@ bushels 49, s@ sns is b hushe s rs n'.Sts N9rth Dakota
The earnings of the coal roads are expected 10
show important increases for the current SIX
months because last year the companies dlu @ pa
business and retrenchments In operation were
marked. The companies are all receiving more ior
their coal this year than last and still keeping
down expenses closely TO last years figures