The herald., 1897-05-24
BUSINESS IN BRITAIN
WARM WEATHER IMPROVING
THE GRAIN OUTLOOK
Much Money Seeking Investment.
Armistice Helps Stocks-Trade
in Textiles Is Very Dull

LONDON, May Zo.-Ine weather DUR
ing the past week has been unreaeon-
ably cold with frosts in many districts.
During the latter part Of the week, how
ever, the weather improved and now
brilliant sunshine Is bettering the con-
dition of the crops. Wheat is better on
American advices. Spot business was
only moderate, and about a score of
cargoes arrived. For these there was
fair demand and only one is now on
offer. California wheat, September and
November delivery, was quoted at 31s
Sd. Parcels of northern spring wheat
May and June delivery, were quoted at
20s Maize was dull on large supplies
and values were Sd worse on the week.
Mixed maize. June and July delivery,
was quoted at 13s Sd. Barley was in
active and steady. American barley,
epot, was quoted at 14s Cd. Oats were
quiet. American clipped oats, mixed
May delivery, were quoted at 12s 4d.
THE MONEY MARKET
The most noticeable feature Of the
money market is the plethora Of ready
cash, though this will probably be less
obvious in the near future, when the
demands of the jubilee celebration,
which will be heavy, begin to make
themselves felt. These and approach
ing Whtsuntide settlements will ease
the pressure. Gold continues in demand
for Russia and Australia, and the issue
of the Japanese loan next week ought
to lead to large Withdrawals for the
Orient Fluctuating rates, therefore,
may be expected up to the close of the
July dividends. American shipments Of
bullion have ceased, but they may be
expected to recommence if the uncer-
tainty aa to the tariff continues. The
rise in silver is due to the Improvement
of eastern exchanges. The conclusion of
the armiStice between Turkey and
Greece has had helpful influence, and
the promising conditions in the Trans
vaal have etill further strengthened the
tone Of the market. On the stock ex-
change the renewed demand for invest
ment securities was the chief feature Of
the closing days of last week, but there
was also some increase in speculation,
owing to the revival of interest on the
part Of the general public. Turkey,
Greeks and South Africans advanced.
The Americans, however, continued in
active, with only slight changes The
action of the senate as to Cuba, the con-
tinued wrangling in congress over the
tariff and monetary questions are very
discouraging to London financiers Can
adian Pacifics were in request yesterday
on news of the refusal of a Canadian
subsidy for the railroad from Rossland.
b. c., on the Pacific coast. The mining
market is much more animated than it
has been for some weeks past, and busl-
ness is expanding surely though slowly.
LOOM AND SPINDLE
MANCHESTER, England, May 90
There is no change for the better in the
industrials which center here. Business
is so small that the factories are practi-
cally at a standstill. The rate Of the
eastern exchange makes Indian and
Chinese orders for the most part impos-
sible, and there is no elgn of revival
as yet in the Levant. Idle looms are
rapidly increasing One result Of this
serious condition is a resolution to make
the Whitsuntide holidays as long as
possible. Yarns are becoming plentiful,
regular glut in fact, and the old orders
are not replaced by recent purchases
Prices are irregular and the quotations,
which are but nominal, follow the de-
cline in cotton. On the continent, how
ever, the markets are steady and fairly
strong.
PRINT CLOTHS
FALL RIVER, Mass, May 2S.-The
quarterly dividend statement OF the
Fall River mills does not show that
there has been much improvement in
the print cloth market. The average
amount paid out in dividends IS S7-100 of
1 per cent, which is the low~.t in years
On total capital of S22, 1873, 900 twenty
two corporations have paid to their
stockholders $192,950. Fifteen companies
have passed without declaring agains.
twelve last quarter. The latest to pass
are the Barnard, Granite and Laurel
Lake, which have allowed the usual
quarterly period to pass without div
| idend for the first time in years.
| Cutlery at Furreys, 159 N. Spring st.