The Weiser signal. [volume] (Weiser, Idaho) 1890-1904, 1895-05-16
BONDS SOLD ABROAD
European Gold to Be Circulated
in America.
BANK CREARANCES SHOW IT
State of Trade in the United States Is
Now of Most Encouraging
Character.

New York, May 10.-R. G.. Dun & Co.'s
Weekly Review of Trade, which issues
tomorrow, will say:
The event of the week Is the demorali-
zatlon of foreign exchange, caused by
enormous sales of bonds obroad. Be
sides sale of 0,000 900 of Manhattan
and other railroad bonds through the
syndicate, large purchases on foreign
accounts have been recorded for some
weeks, so that the aggregate probably
exceeds $50 900, 900 since the sale of gov
ernments. Safety for the summer means
much for all business, and the syndicate
deems 1t SO fully assured that 1t dis
tributes 40 per cent of the money ad-
vanced by the associates. which relieves
a large amount to stimulate operations
in securities and products. Crop pros
poets have also greatly improved, and
this is of still higher Importance, as it
Win do much to determine the character
and volume Of all business after the
summer uncertainties are over. In adj
dition, business is reviving, although the
gain in great Industries Is retarded by
many strikes.
The output of iron still exceeds the
consumption, but has fallen 1873 tons
weekly In April to 150,554 on May l. Bes-
semer pig has been raised to 5000 at
Pittsburg. and the general demand for
finished products does not equal the re-
cent output. but Is distinctly increasing.
bars and sheets selling more largely,
though structural specifications are dis
appointingly slow. The more notewor-
thy gain Is in orders for steel rails, 30, 900
tons for the Pennsylvania and $4,000 for
a western road. Coke production still
lessons. 6,722 tons for the week and 6s,-
1868. or 20 per cent, in the past three
weeks.
Sales of wool for the week are less
than in 1892, but larger than in the past
two years. though the prices do not rise.
Rather more demand appears for mems
woolens, but cancellations are also more
numerous, and imports Of wooden goods,
Withdrawals from warehouses, were
about $19000,000 in the first quarter,
against about 1000, 900 last year. Cot
ton goods continue strong, the mills be-
ing well employed, and they hold heavy
stocks of raw cotton bought at low
prices.
The failures this week were 227,
against 206 last year.
BRADSTREETS REPORT.
New York. May 10-Bradstreet's to-
morrow will say:
The present week brings distinct and
in some instances even more pronounced
evidences of improvement In business,
Notwithstanding the Increase of the
wave of Industrial discomfort and
strikes for higher wages. always the ac-
compartment of an upward tendency to
prices. Sole leather was up another 2
cents, and prices of shoes are following
Galvanized iron and wire nails are high
err. as is Bessemer pig at 10 cents, sugar
II cent, print cloths / 1-16 cents and
wheat and flour Is cents. In addition
prices have remained firm for lumber
tin and cotton, and while no actual adj
vances are announced for steel billets
live cattle and rice this week, the ten
dency In each instance is upward.
Bank clearings a week ago indicated
that the tide of trade at the southwest
was rising. and this weeks kilograms
confirm 1t. The south sends to Brad.
streets more encouraging reports thar
for a long time. Some little gain In the
demand from dry goods, plantation sup
plies or in collections (Which Is mos
Significantly Is announced by two-thirds
of all cities reporting. At the west. pre-
vious gains are maintained, and conf
dence In an enlarged volume of business
increases.
WEEKLY BANK CLEARANCES.
New York. May 10.--The following TIA.
BILE. compiled by Bradstreet's, shows
the total clearances at the principal cit
les and the percentage of increase oil
decrease. as compared with the CORE
spending week last year: