The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1899-06-24
Dua = Co. a Weekly Fesiew
of the Marke,

of the Marke,.
New York, June ar Dunn and
Co's weekly review o. trade ,smofrow will
aaS.
The French ministerial crisis has bee
grave ans prolonged. the collapse Of Ger
man speculation Jn industrial stocks
threatens some trouble but perhaps the
South American uncertainty causes most
disturbance Whatever the cause, Europe
needs money and cannot claim It's own
from the west this year. but must borrow
Exchange and trade balances show that
this country Is not called upon TO pay
but the money IS worth more to lenders
abroad than It is here. Home finances
are most satisfactory. Revenue falls be-
hind expenditures for the fiscal year less
than 500 900 and but for $3.50, 900 war
expences including payment for the Phil
ippne debts and for Cuban sldlers the
revenue exclusive Of That from the war
taxes exceeds ordinary expenses. Trade
balances. in spite of exports from New
YORK, ls per cent less than last years.
and Imports 26 per cent greater. stin pro-
mise a large excess OF exports for June
No rls there any substance In the idea
that large foreign sales OF securities are
moving gold The best evidence attain
able shows that in January and Febru-
ary about Ss250.O00 worth Of securities
came 70 this side, and since February not
more than A,00O,oOO IN excess Of shipments
IL character, transactions have been
trading and not Of the investment sort
Stocks here have weakened but almost
exclusively in the industr.als, which fore-
lgners d not touch these declining s2.Os
per share on the average this week, while
railroad stocks have averaged decline
of only 2s ce per share Eearnlngs for
the first half of June are better than for
any previous month this wear. 100 per cent
larger than last year and 118 per cent
larger than In 1892 the grander roads gain
ing most largely over last year in spite
% fthe reduced movement n. grain
In the great staples there Is a turn for
the letter. Exports OF wheat, -four includ
ed, for the week have been s, ,645.672 bushels
against s,SO0,660 bushels last year. ana in
three weeks 6,504262 bushels, against IL
OO5.7Ss bushels last year.
Corn exports also continue large 2.627
1876 bushels against 2.57i.723 bushels last
lear. A sharp fall in cotton also encour-
ages exports. These are facts which pre-
ceeded orders for gold exports this week
and do not result from them. bat show
the prospects OF larger outgo Of merch-
sndise in coming months Wheat receipts
at the west l5,OO0,6 6Ss bushels for the past
three weeks, against s,6l3,77s bushels last
year and 454o.5g9 bushels in the same
week in 1897 show an extraordinary move
ment from the farms for the season In
dicating no suspicion there Of shortage
The fall Of two cents in wheat and in
cotton from 6.Sl to 612 cents indicates
that speculation based on the hope
short crops Is growing weary.
The textile industries are much hebips
in prices, though woolens are now steaal-
ly rising and are six per cent higher than
at their lowest in March. The goods are
in much stronger demand ana the wool
has advanced from 1901 10 1875 eents for
domestic, taking the average Of 100 QUO
tatilns by Coates Bros though the b,vlns
largely speculative. In cotton eood.
'he advance has been small, and though
business Is excellent. the demand fairly
matches the supply
The great gain IN volume Of business
might seem OF questionable safety were
II not greater in iron production. respit
ing from an actusl excess Of demand
over supply and not from speculation
oars are stronger by 50 per ton at the
ssst' thoush iron is 81 per ton easier Al
fttspurs. but difference Of Sc per ton
IN ravor OF steel makes the demand ro,
iron larger. 1t Is interesting that 10 o-s
ton order for plates for two American In.
ers 10 be built by the Cramps has gone
10 chicago eastern works being too an
orders for finished products show no
decrease In quantity and for most Ii,as
as Tor rails are quite often refused. snae5,,
deliveries being impossible
paIures for the week have been 1zs
In the United States against 2s5 last 80
ana Is IN Canada, against Il last vear