The daily Cairo bulletin., 1883-03-06
ByTelegraph
BUSINESS IN WALL STREET.
No Desire on the Part Of the
Public to Buy,
Effects OF the Tariff BilI-American
Stocks and Bonds in For
eign Markets,

NEW YORK, March 5 There is no mar
kct ~ Wall street and no public 10 make II,
ne trade ls sustained exclusively by pro-
tcsslonal speculatos. They 20 for each
othcf once or twice week and create fuc-
tuati0ns OF two and three per cent. which
are lost the moment the market IL left TO its
natural COURSE. The railroads are said TO
he doing a large business NJ present, and
the prospect OF an improvement In the ex-
poriation Of our grain and provisions is
very fair But on the other hand we have
floods, failure In all branches OF trade, ab.
solutc want OF confidence In the manage
meni Of great corporations. nine months
political uncertainty rs "a the attitude Of
Congress, constant listing Of millions aud
million. OF new stock and bonds, and q
constant decrease Of people who are willing
orahle 10 risk their savings In Wall street in
yestmcnis. The mongrci tariff bill passed
oil saturday can do good e. nobody. II sim.
ply gives chance TO importing merchants
to order their summer and fall supplies
without the risk OF being ruined between
now and December next. As the imports
have come almost 10 a standstlll because OF
the dread Of new tariff leg station,
IMMENSE ORDERS
must be- sent out now, snd from $50, 900,
600 10 300, 90, 900 will be taken out Of the
country. reducing the character Of impOr-
totion Of gold on which the Wall street
bulls have so confidently speculated. Men
engaged In legitimate commercial and man
ufnNuring business who bought some stock
In be period Of imitation and paid for them
ont NJ the surplus profits are now selling
,heir holdings partly because there are no
more surplus profits to hr had, and partly
because the Wall street investments show
biz losses The foreigner Who two or
trs..
stocks and bonds, are now selling them rs
iss, as they can. The foreign buying
orders 40 loudly talked about In the street
are frauds. They consist mainly OF the
purchases OF German and Hebrew arbi-
lro2cus who sea p fractional profits in the
London and New York mar
kc'. a, the case may be, upon the culcu.
lai!pu II the difference in time and price
between the two great centers. Here are
two out Of many proofs OF the d.srust, with
which American securities are viewed
abIoad. Mr.. Jennings. though ssid to
have orders 10 write publish, cannot help
avowing that the Atlantic and Great West
ern lease 10 the Erie Company Is the sub.
icct Of fierce newspaper war. When the
announcement was made all the bonds went
down ia price, the distrusi Of Erie's guar.
sntees being profound in business circles. y
The review OF the investment market In
last saturdays Bradstreei saws The
houses here estimate thar here are now left
IN the hands OF foreign investors only about
10 per cent Of the amount OF American Sc.
curiiies held abroad two years. Does this
look Ike foreign buyings The Evening
Post Sdyises business men 10 insure n sound
basis for their transactions by stipulating
that future contracts shall be paid In gold
n the coinage OF the 6l21 grains silver dol.
lars goes on no one can tell where we shall
land, and this begins TO be understoo d 8,
home ~ well as abroad.