| Show BUSINESS REVIEW B R G dux DUN A co a weekly review of trade for the week ending saturday may 16 reports that in every respect the outlook is more favorable excepting the large exports of gold and the advance in bank of england rates toa to 5 per cent obviously for the purpose of drawing more gold from this country south american finances are for the moment less disturbing panics in portugal and prance france do not greatly affect this country except as they affect the london money market but german demand for gold has not abated nor english and shipments this week seem mem likely to be not far from last weeks in amount the eury balance in gold to is materially reduced and yet it is larger than it was in 1886 1885 when no do disturbance followed it to Is a most favorable symptom that the continued exports of gold cause no panic in the new york market wall street counts largely upon heavy exports of products in the near future reckoning that europe is t i bort of breadstuffs bread stuffs and ready to buy cotton I 1 indefinitely n at present low prices it is a significant fact that the exports in april were about double last years in value as to cotton and showed an increase in oil and provisions pro e but a decrease in cattle and in bread breadstuff stuffs s yet in breadstuffs bread stuffs the decrease was wholly in corn and the surplus of wheat available for export was may 1 about bushels the speculative markets have acted peculiarly during the past advanced 4 acts per bushel on reports not substantiated of injury to the crop in the northwest while corn has declined 8 cents and oats vt cents on moderate sales cotton its 1 unchanged and this to is the more remarkable because much the largest crop ever produced is going to market more rapidly than ever before at this season the foreign manufacturers appear to be laying in a large stock because prices are close to the lowest known for forty years while the conn con abroad is enormous and there are some signs that the production of goods exceeds the demand in general industries are fairly active except where interrupted by strikes in the building trades merchandise exports are for the time comparatively ively small in two weeks from new york against last year jear while imports continue remarkably large the business failures number for the united states and for canada 26 25 or a total of for the corresponding week of last year the figures were |
