Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1891-06-06
State OF TRADE.
No Evidence of a General Demand
for Staple Merchandise.
Prospects for Big Wheat Craps--Caution
Exercised In Looming Money at Al
the Leading Markets.

Prospects for Big wheat Craps--Caution
Exercised In Looming Money at AT
the Leading Markets.
There is no evid nee of speedy general
awakening Of the demand for staple merchan-
disc. Special kilograms to Bfddstrcet's indi-
cate rather better inquiry for pig iron, and
tendency to firmaess at some Western centers,
but this Improvement coupled with the pro-
posed starting upof twenty. three iron furnaces
in the Shenango and Mahoning Valleys and
a rather better wholesale demand for staple
dry goods at Boston and New York, constitute
about all there is visible ofan improvement
in general trade over previously existing
conditions.
Anthracite coal is weaker, and all the COM
panies appear TO BE- violating the agreement TO
restrict the output. Manufacturers are not
buying new clip wool freely at Boston, and
dealings at st. Louis and Philadelphia are
restricted. Lumber generally is dull. Hides
are lower in price and weaker, as is leather
an effect of late failures.
LARGE WHEAT CROPS.
Rains have greatly helped the wheat crop
West and Northwest and Nebraska and Kansas
prospects are for exceptionally heavy yields.
In Louisiana, however, growing cotton and
sugar cane have been unfayorably affected by
the prolonged drouth. Unreasonable weather
at Cincinnati Omaha and other points have
restricted general trade. The first new Cali
tornia wheat reached San Francisco this
week Corn shipments thence to Central
America are heavy, as are exports of wheat
from that port for the season of the year
The great coke strike is practically ended,
fin me Oh M ari- Nd
west of Pittsburg. Iowa coal miners are out
and the New York housesmiths, strike is still
on; but the number of new strikes is in
significant. Business failures in the United
States number 234 against 300 last week, and
1856 this week last year. The total january
to date is 5094, against 1867 last year,
Leading money markets throughout the
country have loaned with more caution dur
ing the week. Remittances from the interior
to New York have been very large, which aid
in maintaining the New York bank reserves
in the face of the gold shipments The street,
indeed, believed that the movement had come
to an end.
HEAVY BANK CLEABINGs.
Railroads show disposition to maintain
rates, and managers are hopeful as to the effect
of the crop situation. In May, 1890 bank
clearings were the heaviest ever reported.
This year the total official bank clearings for
May at New York, Boston, Chicago and
Philadelphia, aggregate only s., 900 055, 3H, a
decline Of SO per cent from May, lS9) The
only city of the QUESTIONING gain is Chicago
which increased per cent At the other
cities named the decline was nearly 30 per
cent.
Exports of wheat land flour as wheat from
both coasts Gncluding Montreal) maintain
previous proportions, amounting to 2,3l2 $50
bushels. Pacific Coast exports have declined
rapidly as is usual at this season. Last year
the total exports were 100000 bushels. and
one year ago, for the week they were ,692 900
States alone are equal to 99,0l0 Us bushels
against 80, l22, 597 bushels in a like share Of
1SS9-90.