The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1895-03-09
IN THE COMMERCIAL WORLD
The Business Situation Shows
Improvement
DUE TO SEVERAL CAUSES
Better Weather and the Adjournment of
Congress
The Tendency of Prices Seems to Be Upward
Bradstreet's Weekly Review The
Prices Current
New York, March .-Bradstreefs tomorrow

New York, March 8. --Bradstreets tomorrow
will say:
The general business situation shows more
improvement. From several centers this is
declared due in part to the adjournment OF
Congress and to some extent to better weathe r.
Gains are shown in improved demand for
lumber and other building materials and in
receipt for large orders for structural iron and
steel together with the absorption OF available
stocks OF Bessemer pig iron. In almost all
directions jobbers report increased sales of
staple dry goods, hats, shoes, millinery and
hardware. Fine foreign wooden goods continue
to attract the special attention heretofore re-
ported and are competing successfully with
corresponding American grades. London
WOOL sales report a moderately higher and
stronger market
Speculation in the New York stock market is
on limited scale and attracts none but pro-
Bonds are neglected Silver held firm. For
eign exchange Is shade weaker at 80 for
demand sterling. The bond syndicate contin-
ues to sell long sterling to houses who might
be shippers OF gold
The tendency of prices remains us hereto.
which has checked the volume of business for
foil delivery in cotton. due, it is alleged. to a
spread OF confidence in the prospect for a re-
duced cotton acreage; pork, lard, refined sugar,
Indian corn, live hogs and leather the latter
having advanced sharply.
Bessemer pig iron is unchanged despite the
MARKET DelnR tltdreu OF dValluDle suppieSs
and lumber, while nominally unchanged is
firm, with upward tendency. Cotton
cords, generally, are weaker, and print cloths
once more down to 2la
Butter has receded.
The reduction in the price of steel blllets at
Pittsburg is surprising feature.
The continuance of the movement OF mer-
chandise is at about as low ebb during Febru-
ary as indicated by gross earnings OF fifty-six
OF the large railway companies for that month,
which was reported to Bradstreets, aggregate
So, 673, 900 about 20 per cent of the total-a
decrease OF 1.S per cent from the earnings for
the like period last year. when the falling off
compared with February, 1893. was \ percen
The regular monthly report OF wheat stocks
in the United States and Canada for February
shows decrease of 9,4S9, 900 bushels, three
times the falling off in February last year,
while the January and February decrease was
is, 456, 600 bushels, four times the falling off
in the like period Of 1894. The February de-
crease here, in Europe and ahoat tor Europe
was 100000, MS cont sted with an increase
OF about 100, 900 bushels each in February one
and two years ago. II like exceptional de-
creases are TO follow during the remaining
months of the year. the effect on the visible
supply and on prices will be marked.
Exports of wheat this week have increased
sharply, aggregating 3,272 600 bushels against
2,6e9.OOO bushels last week, 2, S51 900 bushels
in the week year ago about the same guam
tity in the week two years ago, and as com
pared with 1851, 900 bushels in the first week
OF March, 1892.