The herald., 1895-03-02
GENERAL BUSINESS OUTLOOK
Bradstreets Weekly Review of the
State Of Trade
Tangible Though Not Satisfactory Signs OF
Improvement Manifested "A Bad
Week for Spectators

New York, March l.-Branstreet's tomo. row
will say: While the course OF trade during
the first two month, of the current year has
been disappointing, February ends and March
begins with tangible, though not as yet salts.
factory signs OF improvement
Large eastern joboers OF dry doods report the
trade for present want only; domestic fabrics
slow. Heavy arrivals OF foreign wool depressed
the market Domestic mills are gradually
finishing spring orders.
Exports OF wheat, including -four as wheat,
both coasts amount to 2 $4,000 bushels
against 1,lO9, 900 last week, and 2,o22, 900
bushels in the same week year ago.
The independent calculations as to The wheat
remaining in the United states March l. 1895.
indicate the total quantity in the country
back of the available supply points TO be some
what in excess OF loo, O0O 900 bushels as CON-
pared with perhaps 40 per cent more last year.
The approximate quantity of wheat at avail
able points throughout the United States and
back OF the same ut the present time is about
2O4, OOO, 900 bushels, whereas year ago the
corresponding total was GAG, 100000 bushels.
Stock speculation in New York has been ir-
regular. Bearsh influences were aroused by
the advance of exchange rates and the accom-
panying advance revived foreign interest in
the market Tn selling, however, seems to
Of the week there is II rally on The short inter
est, due to the absence OF gold shipments.
In a speculative sense the week has been q
disappointment The success of the bond is
sue did not arouse any outside interest in the
market aud the rapid rise of exchange rates
created fear OF gold exports, which, though
unfounded, tended to create a bearish feeling.
The dividend OH Canadian Pacific and its in
huence was almost entirely at the expense of
increase of the short interest brought about a
rally and strengthened the market, which
was, however, affected by The absence of the
expected gold shipment and by the approach
ing adjournment of Congress. ~ .4s p
The closing Of the subscription for the new
4 per cent Government loan, With applica-
tions on this side OF the ocean for$lOU, 700,
600, and the fact that bidders received only q
small proportion of the. amounts asked for
has, ofcourse, been one Of the chief matters OF
interest Its effect on the market has. how
ever been neutralized by the unexpected
strength of exchange and the probability that
gold might be taken out OF the treasury and
shipped abroad even before the syndicate had
carried out its bargain. The exchange was
certainly nervous and strong, with rates at q
level which would allow OF gold shipmeu ts.
At the same time it is evident the syndicate
controls the situation, and that while it can
not prevent rates from rising, it is able for
some time to check shipments of specie.
west and New York Central was affected by
rumors that Treasury stock had been mar
keted. drive in Missouri Pacific was ac-
companied BIZ rumOrs of receivership but
the fact developed that Messrs. Could and
Sage are endy to fund the company's floating
debt obligations in the snaps OF $4,000, QUO
in per cent collateral bonds