FINANCIAL REVIKW OF 1892. 



869 



and active preparations were made by the Navy 

 Department to enforce the demand. An ulti- 

 ma) inn was sent on the 21st, and ufter a brief 



,i sati-fari'Tv response was made and the 

 excitement subsided. 

 The .\-iatic cholera made its appearance in 



11 Kurope carls in the summer. It spread 

 thn>iigli Russia with devastating effect, and by 

 the < IIIM- nf .July it reached Prance, entering 

 (Jermaiiy in August, and the mortality in Ham- 

 burg 1>\ the end of that month was appalling. 

 It had a paralyzing effect upon business on the 

 Continent, and when the scourge reached the 

 seaports it caused an embargo upon commerce. 

 Karly in September it made its appearance in 

 London, ana later in other parts of England, 

 but tlic further progress of the disease in Europe 

 was then checked, although for the remainder of 

 the year there were occasional outbreaks in 

 Russia, and more or less of the scourge in Ham- 

 burg. On Aug. 31 the steamship " Moravia," 

 from Hamburg, arrived at this port with cholera 

 among the immigrant passengers. The quaran- 

 tine officials promptly adopted preventive meas- 

 ures, and President Harrison issued a proclama- 

 tion ordering the detention for twenty days of 

 vessels from European ports with immigrants. 

 With the exception of five deaths from cholera 

 in this city, which were reported Sept. 14, the 

 scourge was confined to the quarantine at New 

 York. There was more or less alarm felt until 

 the close of September, when the excitement 



subsided. After the assembling of Congress an 

 agreement was reached in the Senate to n'jmrt a 

 bill suspending immigration for one year from 

 Marvh 1, 18SW. 



The following tabular survey of the econom- 

 ical conditions and results of 1H92, contrasted 

 with those of the preceding year, is from the 

 Commercial and Financial Chronicle: 



The prices of leading staples on or about the 

 1st of January, 1893, compared with prices at 

 the same date in 1892 and 1891, were as follow: 



The Crops. The crop season of 1892 pre- 

 sented a strong contrast to that of the previous 

 year. The European yield was comparatively 

 abundant, while in 1891 it was largely deficient, 

 and the cereal crop in this country was this year 

 onlv a little above the average as to quantity, 

 and generally deficient as to quality. Owing to 

 the large visible supply of wheat in all the world's 

 markets prices were low, and soon after the new 

 wheat began to move to market in this country 

 prices declined, reaching almost unprecedentedly 

 low figures in October, and the fall was acceler- 

 ated by the offerings of large quantities of the 

 crop of 1891, which had been held back by the 

 farmers. The weather was cold in the spring 



and very unfavorable in some sections, but in 

 July and August it was hot and forcing, and 

 maturing grain made rapid progress, while har- 

 vesting was greatly facilitated. The corn crop 

 was sowed late, and the growth was slow in the 

 early stages, but. influenced by the favorable 

 weather above noted, and also by a late fall, the 

 crop matured under good conditions. Much of 

 the deficiency in quality of wheat and corn was 

 due to a period of very dry weather in August, 

 which caused great damage in Kansas and in 

 r/ljoining States. Less cotton was planted this 

 year than in 1891, and the yield is estimated at 

 about 2.000,000 bales less than that of last year. 

 Consumption was restricted by the depression in 



Taking prices in New Fork, Jan. 1, if the whole of the crops could have been laid down at that 

 point on that date, the values would have been as follow : 



ESTIMATES OF CROP VALUES. 



