New-York tribune., 1897-07-17
WALL STREET AND EXCHANGES.

,r, oxoharco market continues in a quiet state.
immortal tions in anticipation OF the new tarin ac-
count for most OF the bills purchased recentiy'
Tho Sugar Trust has been much the largest single
buyer. The wooen importers have come next
while the offerings OF cotton futures have not YET
been great they will be. and many OF the
foreign houses are selling exchange snort lne
chief difficulty In connection with this operation
is the oanng OF money Thor IS very ib1e s'e de no
tnmntatIon to lend on CALL the prospects are not
in favor OF any advance in call loans IN me next
thirty DAYS at any rate. In addition TO the iarge
actual gold holdings of Russia and Austria. both
countries hold bills OF exchange on other countries
Snds about ai Sc 10000 OF these and Austria holds
thar % Italy ysS also f has bs apous %sed ' IN pay
ing interest on Its foreign DEBT
The present strength Of wheat is not based on
noor crop reports because the crop reports could
hardly be better than they are all things consid-
cred The strength OF wheat Is due entirely to
the foreign demand and to the belief that the ex-
port movement In the fall will be enormous The
new wheat will undoubtedly be sold at remuner-
ativo figure II was condition like the existing
one which made the great bull market for stocks
in lSSO-s There is no question about the European
shortage and It is equally true ,had TINS country
France will be buyer from the nited states, ana
India and rgen n known naye 0 TO e
hut no definite idea of the shortage can be OBJ
the lowest on record. II is this certainty OF ready
market FOR wheat that keeps up the price IN spite
OF the satisfactory winter wheat harvest and the
fine spring wheat prospects.
The president OF one OF the anthracite coal COM
pa Mes said yesterday that unless there q
marked increase in the demand for coal the pro-
duction Of $500 900 agreed upon for July would
not be exceeded. There IL more to be gained by
reducing stocks hand than by enlarging the out
put comparatively small amount OF anthracite
has been shipped 10 the West thus far. but If the
coft tonnage
direction will expand. The tidewater trade is show
ing an improvement. especially in steam sizes.
There is no prospect OF further m adyanSe % in prices
are no concessions from existing prices.
Hans Mueller. Of South Carolira, WAS at the
Custom House Yesterday to endeayo to recover a
diamond bracelet taken from him by customs In
spactors when he arrived the Trave from Eu-
rope early IN the week. His fatfer and mother
died IN Germany while visit to that country.
which he applied for information that he could
bring their personal effects back to this country
without the NECESSITY for paying duties The
bracelet belonged TO his mother. lie will probably
get II.
Thomas l.. Greene. jr.. OF the Manhattan Trust
Company; Stephen Little. the well-known account
ant William Barclay Parsons, the engineer. and
others are forming company for the auditing of
the accounts Of corporations.
The Collector Of the Port. Mr.. Bdwel. yesterday
sent recommendation to Secretary Gage at
Washington. asking that the privilege of the Gus
tom House restaurant be given to John Relsen-
weber. Mr.. Reisenweber is the Republican leader
in the XIXth Assembly District. the Collectors
There is little doubt tina: he will receive the privi-
lege.