Telegram-herald., 1891-07-21
STATE or TRADE.
Bradstreet's Review of Commercial Gen.
ditions for Last Week.

Among teiegrams 10 Bradstreet's
from leading trade centers those
from Boston and Minneapolis are
remarkable for reporting Increased ae-
uvity in several lines. The boot aud
shoe factories have resumed full time.
purchasers of leather are freer. wool ls
rather more active and there 10 . better
request for wooden goods. Wool mar
kets at Philadelphia. Cincinnati aud
st. Louis show no signs OF revival. and
WOODEN goods mills at PhiIadelphla re-
port no improvement in the condition
Of the industry.
Elsewhere the Wholesale trade IN gen.
eral is far for the season. without be-
ing brisk. An exception may be made
of San Francisco. whefe u very active
export trade with the west coast of
South America has sprung mp, OWING
to Chilrs inability 10 supply the usual
quantity OF wheat and provisions for
export. Estimates are made that this
trade will aggregate ii 500. 900 within
few weeks. Sugar is stronger, and
Lice higher for granulated.
Drugs at wholesale are slow of move
ment and low in price. Hides and iun-
Der continue quiet, as do iron and coal.
Prices Of the latter are being openly cut,
and sales of Pig iron, excepting best
grades, have been shaded. Sales of
southern warrant iron have been made
q low Hntras Thu s~,t,f f,s t.ss
IRON increased heavily during June,
about 24,0O0 tons weekly. Business
failures in the United States number
262, against 22S last week. and Isl this
week last year. The total January TO
date is 6,665. against 5.ss3 last year.
Crop reports continue uniformly
favorable as to wheat. sugar, rice and
cotton. Corn, too, has improved IN
Iowa. Texas wheat is accumuiating At
New Orleans, and forty vessels have
been chartered there to load wheat
within sixty days. Mercantile collec-
tions at Duluth. Minneapolis, st. Paul,
Chicago, Milwaukee, Omaha, Lincoln,
st. Joseph. Kansas City and st. LOUIS
are notably slow. owing to the activity
of work on the farms. Receipts Of live
cattle at some western centers are
lighter and prices higher; at others
quotations are steady. There 10 ten
dency reported At northwestern and
western cities to scrutinixe credits and
to curtsil time on which goods are sold.
For the third week in succession the
total OF weekly exports of wheat from
both coasts OF the United States (includ-
ing flour as wheat) has amounted TO
about 2,220. 900 bushels. In the second
week OF July, 1890, the total was nearly
1000, 900, and in like weeks IN July,
1889 and 1888, nearly 800, 900 bushels
each. Available stocks OF wheat, both
coasts, have been declining on the
average about 400 900 bushels weekly
since July l. Doubt is expressed as To
any considerable direct export TO Eu-
rope of wheat from Duluth or other
western lake-ports In the near future,
the total thus far aggregatlng only 70,-
00J bushels.
Bank cIearings at fifty-eight cities for
the week ended July IL amount to
81 ,009, ,023, ,7Sl, a decrease from the like
week last year of ll.3 per cent. At
fifty-seven cities New York's total ex-
cluded) decrease of Al per cent is
shown. New York city's total decreased
$l06. .000, 900. and Philadelphia $40, ,0o0.-
900, as compared with the week q year
ago. Stock speculation rs at stand
still. The customary summer dullnees
is aggravated 10y caution As TO the fu-
ture of the money market. While
call money is superabundant at
per cent, time loans for six
months command 6 per cent, indicx-
tive OF apprehension of higher rates
when the West calls for money 10 aid
the crop movement. Share values IN
the absence of activity tend TO decline
slightly, though supported 10y the gen.
orally favorable outlook for the rail-
roads. The Western Traffic Associa-
ton met this week but did nothing, and
postponed consideration of the JOINT
agency scheme till October. Foreign
exchange il weaker under pressure of
approaching grain exports. Nevertbe-
less, $500, 900 gold MAS taken for Europe
yesterday on "special transactlon."
New England textile industries are
depressed owing TO restricted domestic
demand. enlarged production aud large
stocks. Export demand Is good. Print
cloths arc most depressed. Wooden
goods are dull and accunulatlng. Cot
ton manufacturers in lSel and 1890 did
not do a. well as IN the previous three
years. Net railway earnings for May
show the fret monthly decrease report
cd this year. both gross and net declIn-
ing about 3-5 per cent. compared with
MAY. 1890. owing 10 there being one
business day iess in May this year and
the generally depressed condition OF
trade. MAY last year showed the lare-
est gain in net earnings of any month
for two years previous. Total net earn
ings of M roads for Nav we're tls. .420.-
400, q decrease of 81 per cent, While
gross fell off 3-5 per cent The central
western, trunk lines, southern, south
western and Pacific roads all
show decreases IN net, but none
IN excess OF 3 per cent.
Net earnings for five months hy
lls companies aggregate t7s. .sse .oss,
gain OF 3.4 per cent; the gan, IA gross
wss only IL per cent. The grsngers,
central westerns, trunk lines ard south-
western r0sds show decreases for five
months from FIVE months Of 1890: the
large gain on the Pacific roads alone
mere than accounts for the entire net
gain.
General trade throughout The Can
adam Dominion presents few new
features. Drv goods are fairy active
IN Ontario. and groceries N Quftec.
Al Montresl o<,esn frelghs are active
also. Crop prospect. generally are eJ-
csiient The Dominion reports thirty
two busness faiiuF-e this week. a.<sinst
thirty three last week and twenty one
ihss seek last yeaf. The totsl uuuss.er
January ! 10 date 10 1913 against s2s
last yesf.