Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1890-07-19
TRADE OF THE week.
The Hot Weather Has a Depressing
Effect on Trade.


Bank CIeaFfngs for the Weck-ExpOrts
ofYheat and FIour-Thc Total NUM-
Der ofBusiness Failures Up to Date.
Special kilograms to Brddstreet'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 in drough but early showers, il is
thought, may recover some of the loss to crops
from drouth in Nebraska One effect of the
extreme heat West has been an advance
in prices of canned goods.
The New York stock market is dull, but
tends to rise on the Silver bill AMI the pros
pective settlement OF Western railroad diff
culties, though gold shipments and foreign
selling, consequent on the South American
panic, exert some disturbing influence.
Bank elearings at 81 cities for the week
ending July 10, are $917 ,5967l6, decrease
from this week last year of 10 per cent New
York City's elearings, which constitute $50
per cent. for the grand total are less than those
Of the like period last year by over % per
cent, while at j0other cities the loss is 90 per
cent Gross railway earnings of 1874 compa-
mics for June show total aggregate receipts of
S32,5O2,76l, an increase over June last year of
S.65 per cent. The month Of May, it will be
remembered, showed gain over May, 1889, OF
nearly IA per cent, rate cutting, water com
petition and reduced June earnings. For the
SIX months lbs roads report earnings of $780,
1881, gain over last year of lis per cent.
ON mileage increase OF % per cent.
Heavy receipts of hogs at Western packing
centers broke the back of the little boom in
lard started early in the week and prices close
about where they did week ago. Hogs are
&c cheaper. Mess pork is steady at former
quotations. Wheat has been stronger on a
tair demand decreasing stocks, small crop
outlook at home and reports of damage to
wheat in Europe. Prices are lie higher on
the week European available stocks OF wheat,
stocks atloat for Europe and supplies ayaila-
be in the United States, both coasts aggre-
gated 69000,000 bushels July /, 1890, against
66,00OOO0 bushels one year before. On JAN
nary /, 1899, the foregoing stocks amounted to
ll5,OOu,uO0 bushels as compared with 10000
900 bushels on January 1, 1889 During June
1893, European ahoat, and American wheat
stocks decreased fully 100000 bushels, two
thirds of which decline was abroad. Raw
sugar is steady and unchanged while refined
is Lice upon reduced production of soft grades
Coffee is quiet and steady, with little change
in prices
Exports of wheat and -four as wheat, both
coasts this week equal 1,73S302 bushels
against ,2l5. 428 bushels last week, and as com.
pared with l,55S,055 bushels in the week end
ing July Il, 1890. Indian corn exports, both
coasts, equal 1,sS5,864 bushels this week
against ,52O792 bushels last week
Cotton was depressed, but closed steady and
but little below last week, uncertainty about
August delivery nearly offsetting early un.
favorable Liverpool cables. New crop j,
slightly weaker on good crop adyiccs.
business failures reported to Brddstreet',
number l3I in the United States this week
against l02 last week, and 219 this week last
year Canada had 80 this week, against Il
last week.
The total number of failures in the United
States January to date is 5,702 against 625t
in like portion of 1889.