Frostburg mining journal. [volume] (Frostburg, Md.) 1871-1913, 1886-10-09
COMMERCIAL
IRON, COAL AND DRY GOODS AID
VANCE.
Hallway Earnings Show a Large In,
crease Cause of the Decline in
Hog Products, Grain and Su,

The movement of staple goods is increasinc
in the Southwest and West, while in Kansea
the demand is reported to be better than in +
corresponding period in any preceding year.
General trade is quiet at San Francisco, and
at New Orleans it has been checked, owing
to the approach of the close of the month, as
we'll as to the scare produced by the predic,
ton of an earthquake. The bank clearings
at thirty cities point to an Enthusiastically full
volume of commercial transactions, speculas
tive and otherwise, exceeding in the aggre-
gate late exhibits. The weeB s total is 1904
62O,36o as compared with 1868, OO3, 500 last
week, and with Ss42, 699,2;55 in the closing
week of September, 1885, a gain of SIG
per cent. on the week, and of 5 1-1O per cent.
as against the like week last year.
The activity in the stock market, as well as
investments made, owing to anticipated Oc-
tober disbursements of Interest and divi>
dends, are largely responsible for the weeks
increase. The gross earnings. of forty three
railways for the third week in September ag-
gregate "A, l55, 4S6, against 1885,. 800 in the
like week OF 1885. The ear aings of forty>
four roads from January / to date are 1884,
oSS ,126 dollars, against I23,>427 900 dollars
last year, gain of 10 $3.50, 256 dollars during
nine months past The New York stock mar.
ket was strong and advanced irregularly,
with several reactions, though the temper of
the market was generally bullish. At the
close fears of danger to the trunk-line pool
from the dissatisfaction of the Penns ylvania
road caused a more timid feeling. TIE
transactions were 653, 1888 33 shares against 81
395 329 last week. B onds wers strong; the
transactions were 9,S67, 800, dollars, against
10,O32,6lO last week. Money was tirmer and
rates were manipulated as high as 10 and Is
per cent, though the bulk of business in call
loans was at rates varying from 5 to per
cent.
Prices of dry goods have been sustained
in some lines of cottons advanced, and the
demand is good. The wool market continues
very strong, as manufacturers are buying
with more freedom. American wool prices
are said to be lower than foreign. The quar-.
terly reports Of visible grain and flour stocks
show heavy increases since July, and indicate
that both wheat and corn have been rapidly
marketed. The September cotton report an
nounces moderate improvement in condi>
tion, owing to favoring weather.
The domestic iron trade continues active
and prices very firm. An advance for next
year is very probable. Finished IRON is abou,
1>lOc higher per pound. Anthracite coal is
fairly active at the ordered advances; but
petroleum, hog products, wheat, Indian corn
and sugar are lower. The heavy receipts of
grain, large visible supplies and conservative
attitude of foreign buyers are responsible for
lower prices. New Orleans advices point to
25 per cent. reduction in the Louisiana su,
gar crop. Easier London markets with slow
demand for refined sugar have resulted in
the lowest quotations on record.