Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1890-11-29
State OF TRADE.
Movement Of Staples Not Affected by
the Stock Declines.
The Net Gain In Railroad Earnings
Higher Than UsuaI-TIght Money
shows no serious Results.

Higher Than UsuaI-Tlght Money
shows no serious Results.
Special kilograms to Bradstrsets rom forty
or more important cities Indicate that while
the stringeney Of money has been pronounced
there have been no serious results to general
trade. At New York, where money has been
in relatively greatest demand. bankers have
continued to discount for regular customers
to the extent of actual needs. but at higher
rates. Brokers in commercial paper have
done less than usual
The s,ringency at Philadelphia has affected
general trade somewhat Few time loans
have been made, and less commercial paper
than usual aoated, Collections are slow. At
baltimore tho CONTRAST is striking G,nas H.
ing in active demand and abundant supply.
At Cincinnati commercial paper has not been
placed freely, except fof regular customers Of
the banks, with collections Only fair.
Only the speculative community at Chica.
go are erampea for want Of accommodation, the
banks taking care OF regular customers in in
dustrial or commercial lines Outside pappr
has been unstable there. The stringcnoy at
~ Louis has been reflected in smaller vol.
ume Of trade caused in part there as else.
lecuons there are only fair and che demands
tor loans is large.
In the Northwest the situation is not unfa.
vorable, but the outlook is less attractive.
Minneapolis advioes are non.committaI. but
81 Paul and Duluth frankly state shat collee.
tons are unsatisfactory; that the banks for
want OF funds cannot supply the elevator
companies as in like seasons OF other years;
that tite latter have been paying for wheat
with certificates and have now stopped buy.
ing, thus checking mercantile collections
stringenoy appears at Portland, Oregon,
too where collections are poor because the
railroads have not facilities necessary TO move
the wheat 10 market Money has been tight
IN Denver for several months. and several
failures have been announced there rs due to
refusals OF banks 90 renew notes. Cleveland
and Detroit, Milwaukee and Kansas CITY re-.
port only a moderate olosensss IN the money
market
Tho Memphis and New Orleans cotton OK
Port trade suffered isan, d,inNrallsa,ie~ 80
sterling exchange. This has been overcome
since. AZ Buffalo, Rochester Louisville In.
dianapolis st. Joseph, Grand Rapids. Mich,
Des Moines, Galveston Richmond, no special
effects OF tight money have been observed.
Omaha, too, reports ease inthe money market.
The volume Of general trade is Of fair pro-
portions, but not equal 10 that % three weeks
ago. Wheat prices have declined aud CTS.
per bushel; corn, cents, and oats "a cents.
YORK IS 20 cents per barrel cheaper aud lard
is on 1--we points
Exports of wheat land flour az wheat. both
coasts, equal e,2s3,S7l bnshels this week. In
the same week last year they amounted In
liS6l ,462 bushels, aud last week to 232382i
bushels The aggregate shipped abroad July
Isl 10 date Is 59,56s029 bushels. against 10
$3.50 bushels IN like portion Of toS9. g..
OlSOOO m lSSS aud 63 ,27Su00 bushels 90 1857.
september net railroad earnings are favor.
able when contrasted with August and July
Statements. in which decreases from last wear
were reported Every section of the country
reports gain over last year except The North.
west. The GrangcIs show gains In gross.
while reporting decreases iu net returns Tho
total net warnings Of ms companies for Sep.
TENDER aggregates 2l,t5i,432, M increase Of
~ per cent. over September 1889 gross earn
ings on The same roads gaining rs per cent
Bank clearings ut fiHy-thrCe cities for tho
week are 81 i23 6id,6iG, an increase over this
week last year OF las per cent. New York
city's cleaFings, which constitute G8 per cent.
Of the grand total, are more than those for tho
same period last year by no per cont, while
at tfty-two other cities the gain Is 22.6 per
cent
Business failures reported 10 Brddfrccf'g
number 2i5 Ia the United States this week.
against 300 last week, and $50 this week last
year Canada had thiry-eght this week.
against forty-six last week The total mum.
Der Of failures in the United States, January
LIST to date, is sou, against ~ i0I in like por.
tion Of 1889.