The morning call., 1895-02-02
THINGS LOOK BETTER
Because of the Report That There Was
to Be New Loan.

-
to Be New Loan.
NEW YORK, Feb. 1.-R. G. Dun & Co.'S weekly
review of trade will say: Things look better near
the close of this week. because it is believed that
new loan will be negotiated There was need for
relief, since January closed with the heaviest ex-
ports of gold ever made in any month and the
heaviest Withdrawals of gold from the treasury,
3,46S, 10S, the hope of a loan being the one
thing which has lifted prices during the past few
days.
January leaves behind the lowest average of
prices for all commodities ever known; for cotton,
iron and its products. wool and silver the lowest
monthly averages ever known, and for wheat
rapidly toward that point. Industrial operations
have not materially diminished, though it has
been disappointing month, because the revival
expected has not come.
Inc continuing drift OF money 10 New YORK
shows scanty commercial demand in the interior
and no improvement appears here in commercial
loans.
In short business is still waiting and finds reason
for hesitation in the condition of the treasury.
Speculation has not favored producers. Wheat was
12c lower but the net receipts were only 226, 012
bushels against $40 2l7 last year and with ex-
ports larger than last year might have helped prices
had not the visible stocks been so large.
Corn is &c lower, with receipts about half and ex-
ports not over eighth of last years. Cotton de-
cined sixteenth, and it is close to the lowest
touched, with an average OF only 5.7O1sc for
January.
Silver has been weak and for the month has
made slightly the lowest average ever known the
Co. at $2S,721 OLA, or 450S9.911 ounces. The de-
crease was IL per cent while the increase in gold
was 35 per cent
Iron and steel look less encouraging at the East
and the demand is disappointing, although prices
are not weaker At Pittsburg and the West a
larger demand appears particularly for wire and
wire nails, which do not change in price as yet,
while Bessemer iron is 25c higher, billets little
stronger and gray forge sc lower.
The structural demand is good but prices are
shade lower, and, while the market for bar has
been unusually good, prices do not lift. Consider
able contracts for cast pipe have been TAKEN or
are pending, but in the aggregate the business
since January has not answered expectations.
Textile manufacturers cannot score Improvement
for the week, for, though print cloths have ad-
vanced shade, the demand for other cotton goods
is only made at prices unusually irregular.
The opening OF mems woolens has continued
with even a more general declaration of belief by
the domestic manufacturers that they can sustain
themselves in medium grades and worsteds, but in
the finer grades much hesitation appears, and in
the lower grades the extremely low prices made by
foreign dealers seem TO threaten the manutac-
turers.
Wool is so low that large sales for possible futures
continue and the total the chief markets for four
weeks has been 23,1570 65 pounds against %, 1885,,
$50 two years ago.
Failures for the past week have been 1854 in the
United States, against $40 last year, and 81 in
Canada, against so last year.