The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1896-02-08
THE POPULAR LOAN
1t Has Been an Influential Fac
tor in Trade Circles.
ALTERS FACE OF EVENTS
The Result Has Been General
Revival of Business.
THE MONEY MARKET Is EASIER
In the South Gains in Wholesale Lines
Are Announced and the General
Business Outlook is
Satisfactory.
ALTERS FACE or EVENTS
THE MONEY MARKET is EASIER

New York, Feb. 7,--R. G.. Dun & Co.'S
Weekly Review Of Trade which issues
tomorrow will say:
The wonderful success of the popu-
lar loan alters the face of events. The
influence of this event upon all manu-
featuring and all trade cannot be
lightly estimated. 1t strips the silver
agitation Of all its power to hurt. II
puts the Treasury on a safe basis for
the time whether Congress does any
thing useful or not. It notifies foreign
nations that the United States have
power as well as purpose. lit unfoeks
millions of gold which have been gath
cred in preparation, brings several mill
lions OF gold from Europe and stimu-
lates the anxiety of the foreign in
vestors to obtain American securities.
With such revolution in business
suddenly effected the customary
records of the past week and month
are of less value than usual. But there
have been signs Of improvement in the
iron manufacture, although the aver
age of prices. is nearly per cent lower
this week. for orders have been booked
for nearly 100000 tons rails this year
against total deliveries in 1895 of =
100000 tons and orders Tor wire rails
are estimated by decision to advance
the price again March first. The cot
ton mills continue active
Speculation in wheat has again
lifted prices although Western receipts
have been 2,s00,907 for the week
against 702, 971 bushels last year, and
for the year thus far Is, 067 ,695 bushels
against 6,039,933 last year.
Atlantic exports have been increas-
ing, though not in the same proper
ton, amounting for the week. -four in
cIlded, to 1865, 956 bushels against
i ,45s.255 last year. The speculative
market has been largely influenced by
rumors of injury to the coming crop,
and by foreign adyices and prices adj
vanced 3H cents for cash and 2ss
for May Corn has been comparative
IN steady Cotton is practically un-
changed receipts continuing To ac-
cord with yield OF about seven mil
lion bales for 1895.
Failures for the week have been 1923
in the United States against Psi last
year, and G3 III Canada against IS last
year.
BRADsTREET's REVIEW
New York. Feb. I l,radstreets to-
morrow will say:
General trade waited the results Of
subscriptions to the bond issue and
the sentimental effects of the nneX-
pected favorable outcome have been
for easier money and improvement.
Additional favorable influences are
found in heavier bank clearings. con-
tinued firmneSs Of prices. sustained
demand for iron and steel. and the
announcement from st. Paul, Milsyau-
Ixee Omaha. and Des Afoines III re-
yival in business with jobbers in sta
Pies lines. At the East, Baltimore and
Pittsburg report favorable trade CON
ditions. At the South, gains in whole
sale lines are announced from At Mems
phis. Atlanta and birmingham. The
reverse includes the depressing IN
fuenees of stormy and wet weather.
Indifference of consumers Of domestic
wooden dress goods, renewed sales Of
print cloths and other makes Of cotton
goods only after a reaction ~ prices,
continuance Of conservatism M almost
all lines and the fact that the relief
To the treasury by the heavy over
subscription 10 the bond issues IN the
absence of sound currency legislation
bv Congress, will probably prove only
a temporary device 10 maintain the
gold reserve.
General trade at Chicago, st. Louis,
Buffalo and Philadelphia shows no
real gain from the preceding week,
when the situation was quiet even 10
duIlness and the outlook unsatisfac-
tory.