Belding banner. (Belding, Mich.) 1889-1918, 1897-06-24
SPECIAL MARKET LETTER

ing, Chicago:
Financial circles during the past
week have been undisturbed ~ any
thing of "a sensational character. an
there are but few Indication, 81 Ills
quieting incidents 10 check the imcreds
ing demand for all classes OF remunef
ative securities. There are good rpa
sons for anticipating renewal ~ gUltl
shipments i'm moderate volume ana
some fears that railway rate wars u,ra
being waged may eventually develop
Improbable antagohtsm between the
great trunk lines. THESE elements 81
weakness have thus far been accorded
but little consideration in speculative
transactions. the more hopeful feature
of the situation having dominated tIt
stock market.
The persistent claims 0f pr0mi,fn
crop conditions along the lines oil tIn
great western aud Northwestern ruslsl,
which are IN re- uplmiStic than pi ht.
government on priv at+ lniurnttio has
contributed To the Improvement boa la..
mess i'm Wall s.tret and imr.srtte
greater confidence i'm the Future OFF
the general security list. The tecr ~.
drenching which almost tie emlms
grain belt of The country has receive.
allays all fears of crop damas,. f,u a.
present. and unless Storm, hs.rpitr,. a.
structively frequent crol, atlvtst.s Wal
doubtless becOm more tlatteIms. fsts
the rainfall has not only affn eltd ur,sI
ed moisture. but has by It's abuutl tmcs
materially checked the propIg t0tst
insect life. ami reduced the pos, s.il
of damage from that cause to the tt.iil
imum
The wheat situation has unsIerv.,u.
but little change. either at home Ul
abroad. S., far AS the near futute ~
concerned; stocks continue To tlecrraS.
rapidly. and will undoubtedly he COM
paratively small 10y the time the Kew
crop is i'm liberal supply.
The growing grain has been greatly
benefited 10y recent rains and the otrt
look for a bOuutenuS spring WhraI hu
vest is flattertug. Reports from winter
wheat sections. especially iu lItlutt-
and Missouri. i'm lirate q much largt.t
yield than has heretofore seemed p0>
sible. and "a few ears of new wheat hav,.
been received at some of the primary
markets.
The demand for old wheat for MIL
ing purposes is fairly liberal ON SOlt
spots, but abates as soon as any adj
vance i'm price is demanded. Mann
mills are idle. awaiting the advent Of
the new crop. and rs the consumption
of flour goes steadily on tine milling
demand when il begins will probably
absorb large proportion of the earlier
receipts.
Foreign adyiees reiterate the claims
of damage i'm Bulgaria and ROumania
and state that reserves i'm these cOuu-
tries and in the interior of Russia are
small. European markets do mot re-
fleet any great apprehension of iuabil
ity to secure adequate supplies. either
for present or future cOnSumpt ION and
their apathy tends tO discrediI the ~
ports of serious damage i'm tine Dantl-
bian countries.
Speculation is daily drifting into the
September future. alt though there l.
great interest manifest i'm the course 0t
the July option. which at times ha>
seemed To be subject to manipulation
There is but little. however. To Warr5tnt
the assumption. and the erratic rortr>t
of the market Is not unnatural WHEN
the paucity of supplies. as compare
with the volume of trade. and tht. pea
sistence with which tile claims at -
squeeze" are pressed are considered
So far as the general trade is c1urernt.I
the course of July wheat will Soon h..
come more an object of euriuSts thar
of interest exc ut as il may Symp
theticaliy affect the more deferred Ga
lures. When this ''bngie' is aut at o.
way and the trade directs its attentIn,
to the new crop futures. the uuatks-
will doubtless broaden and once utn
be- subject To the influence of natua
causes
Weather conditions which h..N, .stt.
So beneficial To growing wheat lt..ts
also benefited the growing corn. e>ps.
cially i'm sections where the abuuIau,
rainfall was followed by high tym era
ture: and where doubts ANIL miS.iyiu.s>
prevailed, on account ut the retirtltus
influence of unfayOrtble weather hope
and confidence have been restored
While the favorable. weather chance
has improved the crop outlook. il has
neCeSSitated its mere aSSsdiOuS wuFkut-
i'm order that il ma, be- freed from rap
idly growing weeds and will engag,.
the attention of So many Ia merS tia.
their inability to market the surplus
of former crops will probably be man
ifest i'm receipts at primary markets
81 much of the corn i'm cribs nj interior
stations will not pay IA profit at current
quotations that anything that will
check the movement from first hands
will soon affect available supplies.
The export demand which has notice
ably fallen off. is still sufficient To make.
the clearanCes quite heavy when com
pared with the movement ut other
years, and to create Il ready market tOr
current receipts. There has cen a
revival of speculative activity i'm this
cereal which at times so absorbed the
attention of traders that il commanded
more consideration than wheat
Oats continue featureleSS and are
indebted To corn for what little anima
ton the market for them possesses.
The heavy receipts of hcEs have
gradually depressed the price % the
product despite the substantial support
Of interested longs.
The visible supply of grain i'm thu
United States and Canada shows the
following changes for the week: Wheat
decreased 2,0l3,OO0 bu. corn increased
III 900 bu and Oats decreased 664 OOO bu
stomach not just Right
Here's what will cure IT, DR. Cald-
wells Syrup Pepsin, palatable. GER
tain remedy for constitution induces