Frostburg mining journal. [volume] (Frostburg, Md.) 1871-1913, 1886-10-30
THE BUSINESS SITUATION.
Continued Decline in the Volume of
Trade Throughout the Country.


Special kilograms to Bradstreets note
further decline in total volume of merchan-
disc distributed, owing to the prolongation Of
uGseasonably mid weather, to continued low
prices for grain AMI produce, and to country
merchants having been quite well stocked up
with goods in the late season Of sctive trad
ing. A. New York, Bos, on, Detroit, Nasl
Vile, Louisville, Chicago, Burlrg
ton and New o 'lelns these influences
have evidently been recogniz,'. This de-
cline in the movement having been in prog
ress for over two weeks, continues to show
itself in the clearings, The total bank clear-
ings of tk:rty cities for this week is Sl,090,-
293.6s6, ag ains5 $l.O95 sos 0os last week, a
decline of 4 per ceno.->-as compared with
81, 1874 PSI, Cal a year ago, a loss of 4 per
cent. This week New York lost $40, 000,900,
Philadelphia and Chicago 100000 each
and San Francisco $1,000, 0G0. Boston's
c!earings gained Z, coo, coo on the week.
The domestic money markets maintain the
general frmness heretofore noted, the larger
portion of the demand at some CT the more
important being to supply ordinary CONNER
ciat and industrial needs. The earnings of
forty-four railways during the second
week Of October show gain of nearly 10
per cent. compared with the like week OF
1885. The New York stock market was IT.
regular and feverish during the week, with
considerable manipulation. Bear attacks
were made OF some prominent stocks under
which prices generally declined. The trans
act On of the Stock Exchange amountd to H.
0653o0 shares against 10, 100000 shares
ing Octeber7. Bonds were irregular, with
advances in few Issues Sa'ei were s., $751;
275 against e., 525 963 last week and 50. $751;
23G for the corresponding week last year.
Foreign exchange advanced &c in the early
part of the week, and declined thu same
amount later on. Money is slightly easier
than last week, but rates are firm at 6 per
cent.
The conspicuous rada feature is the large
increase in demand for raw and finished iron
at the west and south. Prices are again
higher, and makers are inclined to refuse
figures which were acceptable week ago
At the east the demand is not nearly 50 large,
UnOuSu pTiceS are llEii dS Itcteu u "SCh deoos
Steel rails are no higher. and not likely to be
in the near future, although the mills are
well sold up.
Dry goods generally are not 50 active as
week ago for causes already namei. Prices
however are firmly held and on some grades
If brown and bieachei cottons even higher
iyures are ask,i. Wo;lens are firm AMI pro-
Mise to advance Wool is easier with
tendency toward weakness. The lockout in
he knitting mills of Amsterdam and Cohoes,
N. Y, checks sales and stimulates re>ales to
,ome extent. The labor trouble at the Phila-
ielphia Textile Mills, where lockout to af'
feet = 900 employees is threatened November
}, promis to become disturbing influence.
Tne switchmens strike at Minneapolis is
practically ended after having delayed traffic
'or over week.
Wheat is firmcr and higher on better ex-
BORT demand, and the arrival of cold weather
will stimulate the home-pro1ucts industry.
Cotton is weaker On heavy movement OF new
crop aud pressure to sell at the South. Spo s
are of Lice and futures 10 points. The
louisiana su gar crop outlook is improving.