New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-12-27
HONEY AND RESINESS.

Tbere WAC nothing last week 10 interfere
with enjoyment Of Christmas dinners. Tammany
rejoiced in the rapid rise OF street railroad
stocks and Manhattan has risen So and Met
ropolitan $50 since Election Day. The coal
stocks are strong. Jersey Central climbing near
" six points for the week. Changers were
generally strong. with reports ~ good earnings.
Sugar and Gas were comparatively neglected.
but advanced and the average OF sixty most
active stocks n little more tran recovered the
decline OF half n dollar per share by Tuesday.
while the trusts averaged n gain OF 30 cents per
share Wheat was stronger and corn also and
even cotton gained n fraction. Pig iron turned
stronger and there came heavy buying OF wool
by mills Another shipment OF gold from Aus
tralIa to San Francisco was followed by a sharp
break In sterling exchange. and 100000
was withdrawn from the Bank OF England for
shipment Friday. The course OF the local money
market strongly impressed upon the mind the
fact that the heaviest disbursements ever made
about January are near at hand. The
trast OF conditions with those OF year ago. and
far more with those OF two years ago. Is pc
culiarly encouraging. but still more the accumu-
latng evidence that recent everts tend TO trans
fer control OF the worlds money markets to this
country
Atlantic exports Of wheat, II $40 263 bushels
flour included. In December. against G961 100 last
year. and corn exports In three weeks OF L. 1884,
443 bushels. against 6,S23. sos last year, have
Gone their part 10 swell the trade balance which
brings gold hither. The total exports OF wheat
about 115 900 900 bushels since July l. will reach
about 12OO00OO0 for the halfyear. against l20.
1894 In the same half OF 1891 though the ex-
port price Is even now a little lower than the
kalt-years average then. The more strik-
ing difference Is In corn. OF which 70 2SS 900
bushels have been exported in n week less than
the half year. against 1S.5S5.JO4 bushels in the
last half Of 1891. and only 7545l.Sl9 In the
whole year lS9l'92 AS foreign demands are
so much more largely supplied with corn. those
demands appear far greater In the aggregate
than in 1891. and must be to sustain the price
throughout the current year. but supplies OF old
corn Will after a little be coming longer. and
the new yield may rot be large enough to sup
port such heavy shipments instead OF wheat
during the next six months. The week raised
the price OF wheat ~ cents and Of corn l cent.
and operations at Chicago indicate that the deal
In May will have powerful support.
Cotton recovered a sixteenth last week. al
though receipts continued for December about
as large rs in 1891 in twenty-four days 1.OS1.-
osG bnles, against 1871 452 in twenty-eight
dogs OF that year Of maximum yield. Exports
have been about $4,000 bales smaller than for
the same days. and taklngs OF spinners. North
and South. about $4,000 larger than in 1894
Early this week the quantity which has come
into sight will 60 above 100000 bales. which
Will be so 900 bales more than ut the end Of 1894
II can hardly be said that these figures support
the largest estimates current but n crop ex-
ceodng the previous maximum. though not
greatly would be enough to keep the price low for
some months. especially II the state of the mar
kets here and abroad tends to retarl consump-
lion IN manufacture. British exports of goods