| Show prosperity WILL CONTINUE henry clews in reviewing market conditions says the bank 0 england rate was advanced from 4 to 6 per cent and tho bank of germany from 5 to 6 per cent these are extraordinarily sudden and high advances by these two institutions they have but one meaning that is notice to new york that those markets are closed to us for the relict upon which we havo hitherto depended fortunately we aro now beyond the necessity of assistance from that quarter having secured over of gold this autumn so that tho precaution is somewhat tardy and ineffectual nevertheless the ac afon of these two conservative and very influential institutions is significant ant and cannot be wholly ignored far interest rates have advanced in all european bentres centres cen tres it ip plain wo wll get no more gold from europe except under extreme pressure and taral fur alier tl ier extension of american credit in those markets could only be made a the october government crop re port was highly satisfactory indicating a record breaking crop of corn amount ing to or nearly in of last year tho wheat arop saws n reduction of abou 20 earlier estimates but the yield instill Is still expected to reach nearly or only about bushels less than the high record crop of some damage has been done to the cotton arpp by the recent southern storm yet the promise Is for a full yield so alere Is interfere with continued pi for flits season what the next season may bring forth will be a matter ot extreme importance after such a lorig felon of good harvea t it seems almost too maich to expect another year of puch good fortune situated as we are upon a high pinnacle any crop failure in 1007 would be a matter of more usual importance |
