New-York tribune., 1897-07-22
WHEAT STILL HIGHER.
ANOTHER rwo-cENT ADVANCE RE-
CORDED.

LARGE EXPORT DEMAND FOR THE CEREAL
PRICE OF SILVER LOWEST IN TWO
yEARs-sUoAR AGAIN LEADS
IN STOCK DEALINGS.
There was another two cent advance in wheat
based chiefly on the large export demand
Through New-York dealers purchases OF seven
cargoes of red winter wheat. about oVVVV
bushels. were made. There were also purchases
of 100000 bushels OF Kansas City No. hard
winter wheat. All this wheat is to be shipped
through "out Observation-Disclosures, Baltimore
Newport News and Gulf ports. In ADDITION
there were purchases OF $4,000 bushels. partly
hard winter and partly Manitoba spring whea''
for shipment from NewYork. The wheat 10 oe
shipped from New-York will be shipped soon.
That TO be shipped from out ports VIII go III
August ana September. Other export gram
transactions were purchases or 3Voo" pusheiS
Of corn to go from out ports. and 10000 to go
from New-York: 100000 bushels OF oats. loo,VVV
bushels Of rye and 10000 bushels of barley Inc
oats rye and barley will go from New-fork
The commercial price of silver yesterday. o9&
cents an ounce. was the lowest price in two
wears. The decline from Tuesday was three
e,ehths cent. There was a drop in London OF
one-e,ghth penny TO ~ 7-16d. an ounce.
The nrtce of silver has recently risen slightly
IN the Indian bazaars which has stimulated snip
ments OF the metal from England to India
China will not take silver at all at present The
Straits Settlements also are not disposed to take
anv so that India this year Is really the only
Eastern market of any consequence for silver.
II Is curious TO note the indispostion OF emma
10 buy In spite Of It's being purely silver s'ahu-
ard country while India. which is In theor! a'
least. a gold country. absorbs increasing guam
titles Of the white metal
II Is possible that a small lot Of gold may be
shipped on the steamer sailing on SATURDAY All
order for $50O.OO0 Is IN the market, ana the
chances are that 1t will be filled 1t is not De-
leved however that general gold exporting
movement will set In. The present strength OF
the foreign exchange market is due almost en-
t,rey 10 the settlement Of credits abroad Ihe
market Is extremely narrow
While there were large dealings In stocks yes
.terday. they did not compare with those on
Tuesday and Monday. For the better part OF
the active stocks higher prices were recorded
AS on the two preceding days. Sugar led In the
extent Of transactions 1t did not sell up to the
record price of 146A on Tuesday. Inc hieh
nr;ce for the day was 145lk. The low price was
1421b. and the closing price was 143h The sales
Of Sugar -ere $4,000 shares. For all stocks on
shares
m. following comparison Of the bull year OF
1SSO-1SS1 in the stock market and 1897 was
made Yesterday by Dow, Jones & CO..
Railroad in,eres, charges 1881. to per cent ,,.r
Railroad interest charges 1897. per rNnr Ssnr ana un'e'
MSnsy MSnsy msrks msrkst 1861 s per s under
European holdings Of stocks 1851 lssl large large
General prosperity. issl. eliminating
Prices 1ssl. highest on record
Prices 1897 below .tHsgs rssoTs IPsay developed
1881 1881 rOads with
1:s :s In h: III: ss 's's''
Capital 1891 concentrated
The president Of a large National bank said
Yesterday: II feel confident Of the future
this year. Everything seems to favor the
United States. Poor crops abroad and good crops
et home are a great combination. and one that
does not often occur Our farmers are Wee OF
already or they would not be able TO pay on
their debts as they doing They VIII De
better off when they have sold this years crop;
The railroads have a large tonnage IN lroht %, ol
them from grain alone, and business generaiiy
;s nonroying This country has taken BACK a
good many securities from Europe ana mas
paid for them. and next fall Ii VIII nave d d se
credit balance in the international clearing,
house 1t will be in a position either 10 iehu
this balance at fair rate OF interest or 10 uIaw
II in gold. Any way | look at the situa'io M i, ~
without a weak point. OF course. the STOCK
market must have its reactions but on eehela era
principles and for the long run am eoou ue"
of bull" 80, ~ ,,,oor sobed
Whit & Gray say of the new sugar scHea ~
ule. "The new bill reduces the American re-
Tners. protection on Dutch Granulated ana othe'
on-bounty sugars from .2Sl cent 10 LOO M cene
or saw 80 per cent reduction and on hne German a,
granulated the reduction Is from 81 cen' pn pc,
,d - 70 $50 cent per pound. or say Al per CEN
reduction and on first marks granula.eu 'l'nt ,at
protection is reduced from 22 cent per p9um,
70 $50 cent per pound, or - per cent reou, IN ~.
,r,., ,otamert gives the actual status OF th'
new bin as regards the refners' protection Iron
s,rictv business standpoint without assu,ilp ,p.
lions or theories of any kind Actual ousihenr l 90
a. haine nut through or be put through vi
The basis of the figures given. Under these ti, ,h
cumstances it is difficult TO see Wa ode
American refining industry has receiNeu a az T,
ouate protection for the safety OF i's ousi"e'''
CALIFORNIA SENDING WHEAT ~ DhI>A''
San Francisco July H.-That there Is sho. .'"s s'
,,t,,a par,l