| Show WEEKLY FINANCIAL REVIEW HENRY CLEWS in his hia report for the week ending october 17 1891 says that the stock acock market has taken a look upward the bulls bulla cahow abow no hasit hesitancy kney in taking any amount of stock offered by the opposite side although the whole range of conditions wall street interests is in an unusually hopeful position yet the past rise in prices has also been very important if not quite commensurate with a conservative estimate of those bullish factors the crop situation which was the principal cause of the boom is notye completely developed between the injury to spring wheat from the late storms and the increased yield of winter wheat it can only be roughly guessed what will be the domestic output of that corea cereal while the european crop may reach considerably larger dimensions than have hitherto been expected As to cotton there are so many con for the next few weeks that no expert can venture a definite estimate before next december though business is improving there to is no such boom in general trade as has baa been expected from the extraordinary harvest this however Is largely ex brause because the real results of a good harvest do not come until the products have been harvested owing to these u uncertainties certainties r about grain and cotton there is a corresponding uncertainty as to what may be the course of railroad traffic and as a natural result these uncertainties justify hesitation in speculative traus transactions transaction action an improved feeling prevails in london owing to an assurance that the british harvest is not so bad as was waa anticipated this means less gold for the united states it seems to be due to tb this favorable aspect that the bank of england continues its rate of discount at 8 3 per cent contrary to the general expectation that it would be advanced the exports of gold from england have not been as large during the past week as was expected |
