OCR Text |
Show irii, iiMU'ia nuifw. JlltMU UibWrJ, In lilt flnatiolal re. Iowfgr the week ending A) rll 18, U'Jl, Mja that thu Htouli Market re. Itlucdlhe liurrovomout noted lu hla report for the wttk previous, How. rcr, bo aayt that the Improvement baa bean checked more or 1cm by Mveraldlatloct cauect, A largoamounl wf Northern lV-lllo etock baa been thrown on the market from Inalde, ru i Well aa outaldo tourcea. llcporlt of friwli financial complication! In llraill, IheellorUtoarcumulatogoldlnllerlln, the rumora of projectcl war In I'.urope, An I the contlnutu exportaof rjvcle al I contribute to check the upward tendency tenden-cy lu atocU The Weatcrn Trafllo Aaioclttlou li not proving a tucceai aa a regulator Of railroad competition. Ill dvlwry Hoard cannot get a quorum lo lo preaent, to builneat remain) atlll. Jay (Jou Id I romlaea to meet the Hoard In a few daye, and It la hoped lint result re-sult bentflclal to railroad Intereala inly ncc rue from the conference, Henry L'lewt further aayai "The foregoing bavo been, the main conal loratlont teu ling to arrtat the u-ward u-ward movement Inprleea. They aeern, however, to bavo already hod their full etreot, ant the market eihlblla a toll 1 nn tartoneof bone. -There are aubatan. tlal factora len ling to orfMt llicao InAu-. enea. II la taken fjr grant! thai the axportact gold art not likely logo much further, opal-illy at the llerlln btnkert promrllly oouinonnaii I Ihelr ortleri for ape. It when tht rilti cf ex-ehange ex-ehange deprive ehlpnienle of proAti which ahowa that Ihoo lainka art not tinier any iieelal praaiuro for epneto. The hardening lendeney In money la regarded ai only Iranalent and likely to l followed by free shipments of currency from the Interior to thla centre. 1 he Improvement In the bililueM of the roadi In Hit tlranger section licoii-atrue.1 licoii-atrue.1 ai a hopeful symptom anl haa cauaod fret buying lu aecurltlceof that olaa an I Hie sLalemeiilt of railroad earnings for March allow a coittlnue.1 moderate gain upon the exceptionally largd biiilocw of laat yean which la aouiethlng better than waa expo, ted at an earlier date. Tht really Important factor In the tlteutton, howee er, concerns the proftpacle of the grain cp,pa. Not only la Hio acreage of winter wheat large but Ita condition, aooordlng to oulolal reKrte, la much abot t the average and Ibocurrcnt wealbar la favorable to tho development of tht plant, The proapect of jioor crop In 1 uropu haa Inlucfrl a I hinting of at ring wheat ou thla aide the Allanllo which promises In turpais all prccodonl lu acreage, and tho weather la favorable to toarlug II under txcollent coitdlilone, while Int ajtne renurlc ap plloa tt olbor rropa. Up to Hie present stage of lbs mumoii, therefore, we btvt the promlao not only of grain frctghla for the railroads but of a j roAlablo barveat f r Ibo f irmera and a corresjNtndlng 1m-proremonl 1m-proremonl In genersl bualnoia. The inarLinl revival lu the Iron tra It Is construed con-strued ai a firortblt aymjoui alio tba generol state of trade." The laliat neat from Ilratll does not confirm the alarming rumora of a week ago. ltatoof Ulaoount In the Ilink of I.nglaudlui advanced to nj i cent,, butlhli la due to tho tendency of gold to drift towarda llerlln, and becauie the tank loll 140,n00 In gold during Die w cvk. The cttect of the $J,800,O00 of gold export upon the reserves of the banks haa bet n largely otlsct by a gain of $2,800,000 Inthtlr Iraiianctloni with the tub-treaiury andcf ovir $,000 In tho currency movement with the Interior. |