New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-06-30
f the advance. are given:
INtrt has UVtll q CUITtSI7JIIVIII7o O1'
In the prices of bonds.
THE WHEAT CROPS.


In the prices of bonds.
THE WHEAT CROPS
Conditions are highly favorable for restora-
ton Of values Of all kinds. While the winter
wheat crop Is not large. it is turning out better
than was expected. The spring wheat crop VIII
be heavy In most other parts of the world the
wheat crops are poor consequently there VIII pe
a ready sale for the surplus supply of American
wheat at good prices. The corn crop Will not De
as abundant as it was in 1880 and lS9o. put
there is a vast amount of old corn on hand. ana
as there is a prospect Of an increased foreign IN
curry for American corn. the excess stock oil TINS
cereal Will probably be pretty well cleaned up
before next spring. The price OF corn loo' IS
likely to go up. The consumption Of corn III 'l'is
country is steadily increasing as consequence
Of the growing exports of cattle. beel ana ios
productions. 1t is quite as profitable TO 1a''eh
cattle and hogs on corn as to forward the corn
itself to market.
The movement of wheat and corn VIII swell
the earnings Of the railroads this fall ana winter
greatly Not only will the roads nave an Ell
Iarged tonnage to the seaboard. but also an in
creased tonnage westbOund, for the farmers
with the proceeds Of their crops will be liberal
purchasers Of manufactured articles for nome
use.
There Is plenty Of money in the country to
,,eet all requirements in the increase in indus
trial activity and in the expansion in the Varl-
ous lines Of trade The great sums needed LOT
moving the crops will be supplied without ma
tcriolly affecting the rates In past years there
was Il construction in money each ran Wheh
funds were sent West and South TO pay the
farmers and planters for their wheat ana COTTON
The pleasant plethora Of money makes II Ger
tain that 1884 will pass with ehlire ease 1" '"'
money market - , 49,.
The associated banks of New-YOrk-the banks
which belong to he Clearing House-have near
" $500 OO0O in deposits. against less IMAM
$500 100000 year ago. The aggIegd,e Oh dhcI.
loans is 500 100000. against S4IoVVooo az
his time last year Their cash reserves are 81
per cent against 29.4 per cent in le9o.
GOLD MOVEMENT OVER.
The gold movement which began early in May
IS practically \ little more than S-''ooV'-
600 has been exported. The loss of this gold has
scarcely been felt owing to the plehtude oI
gold In the United States. With gold reserve
of $4,000 900 in the National treasury '"e
Treasury is in an unusually strong posl'loh'
The banks throughout the country are Wei sup
n,ed with gold. An Illustration is found in the
fact that the associated banks III NeW-hork
alone hold S9O0O0O0O in gold.
This countrys stock Of gold will undoubtedly
Ma largely added 10 during the next six months
NV receipts from Europe. The great rush OF
s,norts in authorization Of the new tariff IS
about at an end and soon exports VIII ne so
much in excess Of imports that the balance Vi
trade will be heavily in favor OF TINS country
This balance will have 10 be settled IN gold. for
another thing, Europe will almost inevitably
before long become unlimited buyer Oh
American stocks and bonds, whlch are ADMIT
tedly the safest and most remunerauNe secure
ties 10 be found anywhere. Europe has Deeh
kept from buying American securities hereto
fore by the uncertainty prevailing In TINS couA-
try With Mckinley in the White House ana
his party in control OF Congress, the European
Investors feel that they can once more place
their money on this side of the ocean without
'''- INQUIRIES FOR SECURITIES.
The Wall Street brokers report perfect flood
of inquiries from people who want TO buy stocks
and bonds either TO hold permanently or as a
speculation 1t is a fact that the better classes
CT bonds are even now scarce. They have been
bought outright and put away in strong boxes
not soon 10 reappear. What now spoken Of
as second-class bonds will in short time. by
the country's improvement. become gilt-edged
The high-priced stocks are not numerous. They
have been absorbed and have disappeared from
Wall Street. The floating stocks in any con-
siderable amounts are the low-priced ones
These offer special advantages. as they may
double and treble in value in a few months.
An important help TO manufacturing and mer
camille interests is the case with which COM
rnercial paper may be disposed Of year ago,
when doubt and distrust depressed the land the
best of commercial paper could not be sold
Now the banks and other lenders cf money
are anxious to buy it. The rate ranges from
8 90 Az per cent. according 20 the quality of the
paper. 4 year ago, too. the banks would not
make time loans on New-York Stock Exchange
coilaterals but would only let out their money
on call Now money time can be obtained
at . per cent for ninety days, "a per cent for
four months. 2i2 per cent Cor five months and
slC l-tasl6