| Show THE TEM BUSINESS SITUATION the upward tendency in the markets that has been noticed tor for some time jime Is 49 believed to be due to the fact that europe in view of the war has bought up large stocks of europe has been taking wheat lately at t the rate of bushels a week i and this has sent the price up corn with the and oats have sympathized wheat As to cotton european stocks visible and in spinners hands were bales on april 1 as an against bales a year ago but the european consumption is larger than last year and if every bale was waa available it would not supply require ments until the next crop comes the necessity of importing ting largely from america to is imperative and is admitted in the last three weeks the exports from the port of new york have been almost as against a little av ovar in the same period last year year our imports have been as against 9 a year ago showing the close economy that is be ing practiced here the uncertainty caused by the war the threatened interruption of the coastwise commerce and the prospect of a large increase in the internal taxation have caused some derangement in the internal trade manufacturers are still working on old orders and but few ew new ones are coming in cancellations cel lations of woolen goods orders are reported while the pig iron manufacturers ture haw have reported a shutdown for cor a fortnight I 1 the cotton goods prices are r irregular and the demand somewhat unsettled it is the impetus given all business by a prosperous fall and winter that is carrying trade on just at the present I 1 it is believed however that as soon as any material advantage is gained by our squadrons thereby ending the feeling of uncertainty that has been prevalent at home and abroad a change for the better will be noticed in all branches of business after another victory like that reported off manila the country should hardly realize that it to Is engaged in a serious war |
