Peninsula enterprise. [volume] (Accomac, Va.) 1881-1965, 1890-07-19
TRADE OF THE WEEK.
The Hot Weather Has a Depressing
Effect on Trade.
Bank cIcnrlngs for the Week. Exports
ofNvhcat md Flour-Thc TOtai Num-

Bank CIcnrlmgs for the Wccl1.-Exports
oflyhcat md FIour-Thc Total Num-
her ofBusiness Failures Up 10 Date.
Special kilograms to BrudSsrcct's indicate
that general trade throughout the country has
still further felt the restraining influence OF
the midsummer season. The severity OF hot
weather in Missouri and Nebraska has re-
suited ina drough but early showers it is
thought, may recovcrsomc of the loss to crops
from drouth in Nebraska. One effect OF the
extreme heat West has been al advance
in prices of canned goods
The New York stock market is dnllybut
tends to rise on the Silver bill and the pros
pcctiyc settlement of Western railroad tAfii-
cultieS, though gold shipments and foreign
selling, consequent on the South American
panc, exert some disturbing influence.
Bank clearings at 81 cities, for the week
ending July 10, are $917 ,596,7l6, decrease
from this week Inst year of 10 per cent. New
York City's clcarings, which constitute 55.6
per cent. forthe grand total are less thnn those
of the like period last year by over - per
cent, while at 5Doihcr cities the loss is % per
cent. Gross railway earnings of l34 compn.
mics for June show total aggregate receipts OF
$50 500, 76l, an increase over June last year OF
$50 per cent The month of May, il will be
remembered, showed gain over Mny, 1889, of
nearly Ii per cent, rate cutting. wnter COM
petition and reduced June earnings. For the
six months 49, roads report earnings of 2O5-
.l49,S3l. gain over last year of lis per cent.
on n mileage increase of2.6 per cent
Heavy receipts Of hogs ut Western packing
ccntcrs broke the back of the little boom in
lard started early in the week and prices close
about where they did Il week ago. Hogs are
40 nl, hncs iS
quotations. Wheat has been stronger on Il
fair demand, decreasing stocks, u small crop
outlook at home and reports of damage to
wheat in Europe. Prices are 12c higher on
the week. European available stocks otwheat,
stocks ailoat for Europe and supplies availa-
bic in the United Stntcs both coasts, aggrc-
gated 60 100000 bushels July l. 1890, against
6G,000,000 bushels one year before. On jan
nary l, 1890, the foregoing stocks amounted to
115,G00,000 bushels us compared with l3O,00U,-
900 bushels on January /, 1882 During June,
1890 European afloat, and American wheat
stocks decreased fully 10 1000 600 bushels two
thirds of which decline was abroad. Raw
sugar is steady and unchanged, while refined
is l-16c upon reduced production OF soft grades.
Coffee is quiet and steady, with little change
in prices.
Exports of wheat and flour as V heat, both
coasts, this week equal 1,73S,302 bushels,
against ,2l3, 42S bushels last week. and as COM
pared with ,55S, 0j5 bushels in the week end
ing July 70, 1890. Indian corn exports, both
COASTS, equal 1,SS5,S64 bushels this week
against $40, 792 bushels last week.
Cotton was depressed, but closed stcady.and
but little below last week, uncertainty about
August delivery nearly onsetting early I'M
favorable Liverpool cables New crop is
slightly weaker on good crop adviccs.
Business failures reported to BrddSfreefs
number 13l in the United States this week
against l02 Inst week, and 2lS this week last
year. Canada had 80 this week, against u
last week.
The total number of failures in the United
States January TO date is SOP against $3.50
in like portion of 1889.