Vernon County censor. [volume] (Viroqua, Wis.) 1865-1955, 1900-10-24

New York-Speculatiye interest this
week has centered chiefly in the money
market. Developments, however, have
been less favorable to bull speculation.
Call rates in New York have touched 4
per cent and time money also has been
advanced So Gar there has been NO i'm
portant disturbance OF loans. but with
the reserre of the banks steadily deereas-
ing it is believed to be d question Of oGly
a short true when speculative borrowers
will find the supply of funds available
for their purposes considerably reduced.
Sterling exchange has been weak, and III
ordinary cire instances substantial reher
for the home money market through gold
imports might be expected. A few small
importations Of gold have in fact been
made, but leading bankers express the
opinion that the chances are greatly
against any important flow of gold this
way. Conditions in all Of the lie ing Eu-
ropean countries are such that lie banks
there may be expected to do their utmost
TO prevent any loss of their yellow metal
h. .dings. The Bank of England and the
Bank of Francc both have advanced the
price of American coin to the highest
point seen in several years, and in case
this does not stop the movement of gold
this way it is probable the discount rates
viii be raised Weather conditions have
been more favorable TO general business,
but aside from this there has been no new
feature. From nearly all sections come
reports of satisfactory movement of
trade The coal strike is still on, but It's
effect on the situation as whole is
81 tee.y noticeable.
Chicago Speculation in wheat during
the week rather favored those who base
their operations upon the theory or
enough having been produced in the
world this season to provide for all re-
quiremeuts, without the necessity OF
higher prices 10 correct any tendency tor
ward It's too extrayagant consumption.
Current prices appear high enough to en-
courage the delivery of sufficient supplies,
which have been forthcoming TO an ex-
tent that maintains intact a heavy guam
tity in commercial hands. The cost of
carrying has to be borne by the specula-
tors; the burdensome character Of such
tax--on a fairly well-balanced situation
has told somewhat to the disadvantage
of those who have il all to pay should
prices remain stationary, to say nothing
decline. There has been good shipping
demand, but naturally it has been chiefly
for that grade of wheat which has been
the most abundant, as well as the cheap
est of the seasons production. Govern
ment report on the condition of corn up
set the calculations of those who expect
ed some Improvement since Sept. |, the
contrary having been the case according
to the revelations of the agricultural bu-
reau's report. Considerable corn having
been bought on a belief in the existence
OF some such state of affairs, eonhrma-
ton gave TO the buyers the courage Of
conviction, and correspondingiy depressed
these who had sold short in anticipation
OF :. different result The price in con-
sequence was Friday afternoon about
cent bushel higher than at the close az
the pr, pious week. October pork was
firmly maintained all week, but the price
was not advanced Other hog products,
and even pork for delivery beyond the
current month, lended moderately down
ward; whether the result of an effort to
injuriously affect the October pork cor
ner or as the natural consequence OF lib
eral receipts of hogs cannot be positively
asserted.