Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1900-10-25
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week has conferred chiefly in the money
market. Developments, however, nave
been less favorable to bull speculation.
Call rates in New York have touched =
per cent and time money also has oeeh
advanced. So far there has been no I'M
portant disturbance Of loans. but Win
the reserve Of the banks steadily decfeas
ing it is believed to be a question OF only
short time when speculative borrowers
will find the supply OF funds avallaple
for their purposes considerably reduceu'
Sterling exchange has been weak, anu III
ordinary circumstances substantial feHe1
for the home money market through golu
imports might be expected. A few smal
importations of gold have in fact been
made. but leading bankers express the
opinion that the chances are greatiy
against any important flow OF gold TINS
way. Conditions in all Of the leading Eu-
ropean countries are such that the banks
there may be expected to do their utmost
to prevent any loss of their yellow metal
holdings. The Bank of England and the
Bank Of France both have advanced the
price Of American coin to the hlghest
point seen in several years, and n case
this does not stop the movement OF soiu
this way it is probable the discount ra1es
will 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 a satisfactory movement OF
trade The coal strike is still on, but Its
effect on the situation as whole IS
scarcely noticeable.
Chicago-SpecuIation in wheat during
the week rather favored those who base
their operations upon the theory OF
enough having been produced IN the
world this season to provide for all re-
quirements, without the necessity or
higher prices to correct any tendency to-
ward its too extravagant 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 heavy guam
tity in commercial hands. The cost of
carrying has to be borne by the specula-
tors;s the burdensoIne character OF such
a tax-on a fairly well-balanced situation
has told somewhat to the disadvantage
Of those who have it all to pay should
prices remain stationary, to say nothing
of the loss that would be entailed by a
decline There has been a good shipping
demand. but naturally it has been chiefly
for that grade of wheat which has been
the most abundant, as we'll 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-
reaus report Considerable corn having
been bought ON belief in the existence
of some such state of affairs, contrma-
ton gave to the buyers the courage. of
conviction, and correspondence depressed
those 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 OF
the previous 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, tended 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