The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1895-04-13
THE BUSINESS SITUATION
Pradstreet's Review of Trade for the
Past Week
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Il,
Increased Prices Of Cattle and Petroleum,
the Most Marked Features.
Other Changes

NEW YORK, April II. Bradstreets
tomorrow will say The feature in trade
circles is found in the price movement,
more particularly thos. for cattle, dressed
beef and petroleum. Drought low prices
and hard times" within the two weeks
have resulted in shorter supply of cat
tie. prospectively 80 per cent less than last
year. Beef cattle are SLIGO higher per 100
pounds than last year, ard 81 higher than
the lowest point this year. Dressed beef
is 2l9c higher than the average last year,
the highest since 1885. The comparative
scarcity OF high Grade cattle is phasized
by the fact that present quotations when
made in previous periods of scarcity have
never failed to bring Il supply when one
existed.
Petroleum sold at $l.57k on Thursday,
62 cents higher than on January LIST. and
90 cents higher than year ago, which is
more than three times the lowest price in
i 1882 and the highest quotations since
1878. Reduced production and increased
consumption indicate the former has
been overtaken, which. with reduced
stocks, produces excitement in the
market Other advances are OF leather,
hides and footwear. Shippers of anthra-
cite coal TO New England points ask
more +. o. b.. and at the west bar and
vances in actual transactions. Lard is
higher an cotton is up 3-16 Recent
gains in prices for Bessemer pig and
steel bllets are maintained, but the re-.
quest at Chicago and Pittsburg is checked.
Coffee and sugar are firm at previous
prices, while The list of reactions in
clude fractional declines only in wheat
corn. oats and pork. the latter on lower
prices on hogs. Compared with Febru-
airy, March returns OF gross earnings of
IL railroads may b, construed as favor
| able, the increase over March, 1894, being
to per cent. This is contrasted vii tn
February decrease this year from last Of
off this year from last year of one-half of
| per cent.
When it is recalled that the gross rail-
road earnings in March, 1894, fell off Ii
per cent from the total of that month in
1888 an increase last month from March,
1874 of one-fifth of one per cent, acquir. $
significance.
Exports of wheat from both coasts of
! the United States for the week. -four in
cluded as wheat hold up to high aver
age, 1884. l79 bushels against 1853, 933
bushels in the previous week, 1865, 900
bushels in the second week of April, 1894 !;
2.94S, 052 in the week in 1893 1910, 355
bushels in 1892 and 2,456.OOO bushels in
the second week of April, 1891.
The maintenance of a generally higher
range OF clearing house totals, an i'm
proved outlook for manufacturers in the
staple line, the spread of a feeling OF con-
fidence i'll the volume of business will in
crease in the near future, and an i'm
proved crop outlook in We stern and north
western grain states are among the more
significantly favorable features.
The weather has been unfavOrable
throughout portions of the Canadian De-
minion, with the natural effect on trade,
although the outlook at Montreal and
Toronto is encouraging