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Show iTiThM lltAMHI, IlLUIHT. lltnv C'r.kwg In lila rrrt or tho week ending Ju no llbOI, lakea avery lioful view of the financial altuallon 'In tha Uultl hUtia: He aaj that the evtnta during tho week at home were of a favorable character, and the tllufttlonabroal allowed eigne of Improvement, Im-provement, (fold thlpniMiti from New York declined, aud the Hank of l.ngUudlncri'aavJItaproporllou of re-aerveto re-aerveto llaUIUloa Irani forty-four lo forty-tU i-rr cenL The Lank now liolde ,UO),OiK) mora gold than It he! I at the preevnt thuo In ISM. The favorable favor-able prvgreet ot tha II irlng llnl Jllou alio eierled a good eHoci; and, allo-gtlher, allo-gtlher, tho outlook at tha world 'a financial cmlro I certainly tuucli brighter than In March or Arll. Tail anl llrillnate tllll, however, lu ttralleneU clrcunutanoc. Our future deirtuda on tho dilution at homo. Kuruut may Ulapoeo of American trrurtlrs but that call not depreciate their Inlrlmlo valuta. If Amtrlcaut ara tha lint tecurlllea on which to reallia In timet of deprrtelon. llieyranitnrceeMrlly La the Lett to buy when the change for the Letter aeltln. Happily, the crop elluollon It In our favor, a frequently jolntod out, aud a the ecaton advancea evl lenrea of lm joviuntnt tea in to mul-tlply. mul-tlply. The rertalnty of an abundant harvett at homo and A deficient ono nbroal locrearra each day. Our crop laireau ttatee lint the lnc.eaae lu winter wiie-d acriwje 1 11.3 per cont. and III aping wheat 3.1 per cent., while the condition of hutli tUndt at the high average of trd a per cent, aud W.0 h r rent, nipecllvely. Mr. Clewt further tayu Money conllnuat eay aiul promlaea lo to continue until tba crop movement, tha reacnl quletneaa of trade lending hi Increaaa auppllee. Mora alieution bat Iwen given lu Secretary I'n-ler'a aellnn lu a iten ling Iho 4' j r cent. Loudt than llierjuettlon deaervea, I do nut believe hv will attein t any ttep that meaua eon traction or Ibo currency, for that would ha leaa tKlimlar than aurraaa 111 eilalutlnir theae liondt at ii per rent. Kveryuue underaUnda, alao, that audi a low rile or Intereat la poetlble ouly Lecauaa or the advantage of hobllng theaa lionde otlr than Ibelreafely and high ctedltrllha (luv rrnuieiiUWaatern tMtnk,wlio hold Uio bulk of vuUUudlug IVi, may I willing tue.rela lower rule of Intereat than lUatern Lanka, the higher relet or the We-t rendering circulation more pioflt-able pioflt-able In thai eectlon Ihati Lere hut aa Juil al I, moro lui-nrtaneo tut Ihnui atUuhol to Iblt element llian It deaervea, Tbo treaaury la, Umui Kn-retary Koater'a etatemenla, able to meet all obllgatlont anil lue monetary outlook la iliar until tho fall. When the crop movrutent bo. glna, then Mutton will be nerraaary. It la likely that, through talea of produce andHielb!e eeourlttea, wa ahall regain mm h of Iho gold recently epared. Tba bank reaervet ara In good hape, and It need not be forgotwn th at each yeer tho Weat allow a lutlf leaa aud lea dependent on tha 1U1 for lie aupplleaor money, an I tha coming rail may prove no oiceptlon. Wo do not took for any radloal or linmt-dUtechanga linmt-dUtechanga In lha atock market, but lite pnaent poalilouor airalre certainly Juall-Ilea Juall-Ilea taking a more ho-aful o tnlon regarding re-garding tho futurei and good ttocka at prtacnt prion ought ta yield a prnlll lo buycre with n-aaoiublo et'aKtalloua." |
