New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-08-15

BONDS.
High Low Ausis avg. 8 ch'g's. Sales
TIE WEEKS OPERATIONS IN STOCKS.

TIE WEEKS OPERATIONS IN STOCKS.
Corparing the final prices Of stocks Sat
urdav with those OF the preceding Saturday
there was substantial gain in values. but this
gain was not the max mum one. on the first
three business days of the week there were
large advances in nearly all the stocks on what
is designated as the active list but on the last
three days there was extensive pTont-taklhe'
with the result that part of the Improvement
wos lost The closing on Saturday was strong
The realizing in the latter part Of the week was
due to the belief in the minds of many specu-
lators that practically all good news aHecthe
the stock market. including the termination OF
the war was known and had been uls'oui'eu
There we're as many others however, who did
not agree in this view. and thelr reasons seem
n he very good. They think that the new era
NJ prosperity has only just opened, ana tha'
conditions must grow steadily better as time
advances In one respect the war must nave
highly beneficial influence. 1t will inevitably
oxtend vastly the foreign trade of the Unlted
States and accordingly make this na'oh d
creditor nation all the while In other words.
the United States will uninterruptedly grow
richer AT the expense of the rest of the world
The war has disclosed 10 the Powers OF Europe
and the East nothing else couid nave uo"e
the strength and resources or the country. II 10
demonstrated that the United states mas 'he
ability TO protect It's trade interests III any
lands and on any waters. az well as the diSPosi-
ton and desire to foster It's trade. In the past
.bere has been abroad notion that the United
States was somewhat lacking In aggressVeness
outside OF it's own limits. This notion mas no"
been dissipated. The manufacturers ana her-
chants of this country. taking advantage or 'he
prestige produced by the war with spain VIII
redouble their energies 10 obtain ana MAINTAIN
q foothold in every market on the glope
perhaps the chief reliance should be placed on
o,ons The wheat CROP counting both winter
and spring wheat. is the largest on record. The
latest Information as to foreign crops Is that
,bev will proye deficient, and that there VIII be
an exnort demand for all the surplus "heat
erovn in this country. Notwithstanding the ex-
tent Of the wheat yield. this cereal promises 10
bring prices remunerative to the farmers. Ihere
are no reserves OF old wheat and the creation
OF reserves. which Is considered necessary WILL
toaether with the foreign demand. make 1t I'M
possible for prices 10 remain at their present
level much longer. The farmers by reason or
the high prices they secured for their wheat
last year. are in a position 10 wait this year for
satisfactory figures. and they appear to be dis
posed TO do so. The rising tendency of the Sep
TENDER options leads to the conclusion that the
farmers ideas as TO prices Will be met within
month or so In the proportion az prices rise
wheat should move. Accordingly by the middle
of the fall wheat should be going forward freely.
Already the old wheat remaining in elevators is
being taken out and exported TO make room for
the wheat.
Estimating on the basis OF the Government
crop report which was issued on Wednesday,
,,.;lI 10 ~. Ito Ipla pa
one The information collected by the grain
carving railroads and the opinions OF the crop
exDerts do not agree with the Government re-
mort The figures Of the railroads and the ex
perts indicate full average crop. Old corn is
going abroad very rapidly. and IL Is thought
that the foreign consumption Of American corn
the coming year will be far ahead Of that OF any
previous year. Therefore. it is argued that new
corn should bring good price As for the other
great staple cotton. the crop is an unusually
heavy one. Although the price is low. and
PROMISES to continue so. II IS expected that the
cro,, will he marketed early. The crop is raised
much more cheapiy than II used TO be- and at
the lower prices there is nearly as much profit.
II not as much, as In the past To say nothing
Of the expanding exports Of provisions and
manufactures the exports OF wheat. corn and
co,,on win add enormously To the present great
h.lsrca In International trade in favor Of the
United states
While the imports Of gold have not yet
amounted to much. the flow Of gold 10 this
country is likely to attain large Proportions in
the near future. AS money Is extremely cheap
IN most OF the European financial centres. there
r-f,l he more advantage in sending gold from
t-,ro-,a 70 the United States 10 settle obliga-
lions here than for the European debtors to
harrow here While this country has ali the
money n needs Cor business operations. and
more too, the effect OF the importation Of gold
"a always beneficial. and there will be no ex-
ce,t!on 70 this rule this year. The requirements
for moving crops will not. il is thought make
any material difference in domestic rates for
money The call upon the New-York banks for
funds for this purpose will be less than in
former years as the reserves OF the Western
banks are unusually large.
\ sign Of the times which should not be over
looked is the revival In the iron trade. which
&c becoming pronounced. So large has the con-
su,nntion OF iron become that advances in prices
have already been announced. and others 1t IL
s,atod arc soon TO follow The condition Of the
iron trade has always been called the barometer
~ general business. consequently II Is reason
able TO presume that general business will show
increasing prosperity. The dryGoods business
IS picking UP and a brisk trade is looked for a
little later in the wear. In most Industrial lines
rapid-growing activity is being experienced
Railroad earnings are steadily expanding. ana
II is predicted by railroad managers that the
leading lines at least. Will In the year ehu'hs
June 80 next have the largest tonnage In the'T
history. 1t is stated on authority that some OF
the Granger roads. the great grain-carryins