OCR Text |
Show MKIIiLY tlXAMItl. IIUIKIV. Hkmiv t'l.nw n In hli report for tho wiek ending June S, 1691, toys that thu most significant event of Iho week was the reduction of the Hank of Hnglan I rate of dl-ruunt from I to ft ier cent. 1'or monthi Ijondon hss ltu the rtorni center of the fluanclal world. The danger signal hat betn lowered and Uie outlook appt an bright. The reduction of Ihe Hank of England rale mentis that Ihe tension In Kurope, Is abatlugi that Ijondon It pre) ate J for all Kuatlan demands for gold, and hat no Immedlatu apirehrntlon otwut tending gold back to the Unltnl Hlales during tlie fall, ywnllit In return for such grain and other I reduce at Kuro will bo obliged to Ley, The outlook at home Is reawurlng. The money now In circulation lu the United SUtea It about 1,501 millions, a larger sum than evir before at this season, and Itrgeralwtliati attlmcaol heaviest crop demands. In US9, the yrarofblgcroa,lhc total clriulatlou was l.nil millions, that Is neatly IM millions less than that uf this year. Merchandise Imports, though smaller than a year ago, ale still running lu excess of Imports cresting an alvcrse balance; but the jrohaMlity It that this will bo sittlrd later on lu other ways than by gold shipments; though should further amount! leuve, no roll-tern roll-tern need be felt unless they reach much larger figures thin now tecni loeallilc. Tho rcort fitrther sirs! Tho wheat and rorn croj aro far the rno-t linarunl of any tingle Influence atTeetllig the futurs of stiK'ka. Indict-lions Indict-lions suggest the (xMaltillliy of the Isrge-t wheat rrop on record, estlmttnt varying riomrsMlo IW'iO lulllloil bushels. Tlie-o figure should lease a surplus of about IK) to SNO million buehals f.rsaKirt. If prices only auonl a rraaertablo proltt to growen, an 1 the shortage lu Hurue renders ren-ders It likely tlitllhay will, lilt rear It see tb effect of su, It a hsrveat, not only iirn the Interior, but upon Hie trs.l, rsllroad and llnanrlal Interests of lb whol eounlry. Iluroi will have to take our wheal end pir ns In gell. Our seetirltteawlll Iteeouielnttlualeally Iietter In the opinion orle-tth home an I foreign holders. In short, should present hope concerning the bsrvest lie realised, II would liiipnrt a degro of prosperity pros-perity such at ha nol been for eettral jrt pa.t, llowttcr, II will not do lodlaeoiint audi hoetis rapidly, 'foe rreptar nol yet lietnn.1 danger. Prudent mrn will therefbte keep rloao watch ou rrop new for the nett few weeks and act accordingly. There will I not blug lo fear In His foreign for-eign situation for seme tuonltie lo come. July disbursements are ctoae at hand, anil anlntrsttnenldsutsndof some lin-I-urtsnre Is lltuttlyciirlenced forstnek during that moi th. Our nlnlon tegsrd-lug tegsrd-lug the luiiiieilUio future Is hopeful, and favorable Pi a modenle linprovrmenl III the business eoiHllllons. ComrorUble money, liindcrelo price f-tr stoaks and goud rropt an stiflleUnt to conterlMlsuce all the weak points discoverable at this time. |