The record-union., 1897-12-04

last year of 1858 ,000 bushels and of
3, 49,, 600 in 1895
Corn exports show heavy gain over
last week, aggregating 4,SS5, 500 BUSH
els, against 2,S69, GOO bushels last week.
and i I.I5e,O00 bushels last year.
Reports Of the cereals. such as
OATS barley and buckwheat, have also
been very large, and the total value of
our cereal exports during the past
week promises to be fully S9,00O.O00.
FINANCIAL REVIEW
NEW YORK, Dec 3.-Bradstreets
Financial Review" tomorrow will
say:
much more active and at times a
decidedly strong speculation has been
seen this week The market has been
apparently under bull leadership of a
powerful character, and, while the out
standing short interest was enforced to
cover. a considerable volume of fresh
outside buying was attracted by the
movement.
Though commission houses We're
more prominent in the transaction than
for some time past, the general opinion
of The street credited the report to
leading operators. who found that
stocks had passed into strong hands,
and did not come out under manipula-
tive pressure, there being at the same
time a considerable short interest in
some portions of the list Circumstan-
ces also favored bullish demonstration
at this time, the belief that the Presi-
do, - &ol-
to both Cuba and the currency salts
factory to financial and business inter-
ests being factor of considerable i'm
portance.
The generally good character Of cur
rent railroad earnings reports, and the
exceptionally gratifying showing made
by certain companies for October, no.
tably by the Pennsylvania, has also
been a leading factor. At the same
time the announcement Of the Rock
Islands plan for refunding the greater
part of its floating debt at per cent,
and the very successful formation of
the syndicate for this purpose, has had
a very good effect.
The bond market has also attracted
a small share of attention, and great
activity has been displayed in a num-
Der of speculative issues, while the
more stable securities are Influenced to
some extent by reports of coming re-
funding operations by several compan-
les. 1t may also be mentioned that the
demand for high-grade investments and
municipal bonds is steady; that for
eign offerings of such securities are
readily absorbed, and that in a number
of cases the bonds of American mu-
inequalities are selling at the highest
figures on record. The steadiness and
advance in exchange has attracted lit
tie attention. Nor was Wall street dis
posed to take much account of the con-
tinued selling of our stocks by London
on a small scale. In fact, the supply
of Americans there is said to be prac-
tically exhausted.
EASTERN GRAIN MARKET.
CHICAGO, Dec. 3.-Wheat started
firm at 9S1sc and 9SAc for May, and at
95$sc for December, advances of sc
and &c, respectively. May soon ad
vanced to ~ on moderate buying by
the local sh and by houses with for
eign conn cations The strength
was due mainly to the action of the
Liverpool market, which opened with
a slight decline, but was back to yes
terday's closing quotations before trad
ing commenced here In the course of
few minutes more Liverpool prices
had further advanced to from Ad to
Esd gain for the day
The Northwest receipts still held at
volume too great for any confirma-
ton of the claims made that farmers
deliveries in the Northwest had ma
terially decreased. On the other hand,
Beerbohm was reported to have made
final estimate of the quantity of
wheat grown in the world this year,
which made Ii 10000. 900 bushels short
of that of the year previous, and 1885,
100000 bushels less than in the world ;
crop in 1891, in which the United States
and Canada raised the heaviest crops
in their history.
The export .clearances keep I'D in a
remarkable manner Six ports cleared
nearly 100000 bushels of wheat and
flour to-day. The estimate on stocks
at Northwest markets is an increase
of $4,000 bushels at Minneapolis and
a decrease of 10000 bushels to l.
00o,GO0 at Duluth.
The Thomas Crop Report" came out
bhiAAiS bHt lliS. 1t Cidlf0eO 11aC
the amount of winter wheat this fall
was y per cent. in excess of the area
harvested last summer, and that As
per cent. of the crop, equal to 275, 00O,- =
QUO bushels, was still on hand, which
IS 90,O00,O00 bushels more than at the
same time last year, and would leave
as available for export up to July next
l1o,0O0,OO0 bushels. The statement was
so bearish that, although it was vigor-
ously denounced, it caused sharp liuui-
dation and a decline in May to 94Lc.
Even December which had sold up
TO 96c under good buying, was let go
of in quantities sufficient to cause a
break to 9411ac.
There We're renewed reports that the
accumulation Of 500 cars at Minneapo-
us was for the purpose of bringing
wheat to Chicago before navigation
closed
After midday the market was much
better supported. New York reported
sixty loads taken for export. This stim-
ulated buying toward the close. and
May rallied to 9oc 1t was selling at
9otsc at the close, and December at
95c.
Dr- Siegert's Angostura Bitters, the
most .efficacious stimulant to excite the
appetite, Keeps the digestive organs in
order.