Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1891-07-04
TRADE OF THE week.
Reports Show a Continuance Of Mid.
summer Quiet in General.
Dank CiearinGs Decreasing business Fall
ures Less Than Last Week--Exports
of Wheat--Collections Slow.

Bank CiearinGs Deereasing--Bu Business Fall
ures Less Than Last week--Exports
of Wheat--Conections Slow.
With few exceptions special reports to
Brddstreet's from the more important trade
centers report continuance of Midsummer
quiet in general trade circles. Chicago, st
Louis, st. Paul, and Omaha are the note
worthy exceptions, hardware, clothing notions,
nails, wire, and some lines of dry goods show.
ing the effects of an enlarged demand. Else
where dullness and quiet are CONSPICUOUS in
leading lines, notably at Boston, New York,
Philadelphia, Baltimore, New Orleans, Mem
phis, and San Francisco. Kansas City an.
nounces a fair trade, with collections slow.
Rubber is higher, as is sugar, and coffee
promises to be if recent short crop reports
from Brazil are confirmed.
At Omaha fat cattle are higher, and other
grades as we'll as hogs, lower in price. Cattle
at St Louis are lower on full receipts, while
at Kansas City cattle and hogs are higher on
light receipts.
Business failures in the United States NUM-
Der III, against $50 last week, and los this
week last year. The total January to date
is 1857, against 800 last year.
DECREASE IN BANK cLEARISGs
Bank elearings at fty-eight cities for the
week amount to 500, 22o, 5SS, a decrease
from this week last year of 1865 per cent.
AT fifty-seven cities New York's total ex-
cludedl decrease of 81 per cent. is shown.
The heavy decline as compared with the week
last year, is due TO a decrease at New York
of Sl44, sos 600, at Boston of 81, 10000,
at Philadelphia of SlS 800, 600, and at Chicago
of 81, coo, 900.
Raw cotton is unchanged in price, though
there are better foreign advices and some iu-
yestment buying.
Wool is in slow sale. Ohio and Michigan
are not in active demand, and prices tend
downward. Ohio and Pennsylvania is II G.
lower than on July 1, 1890, and &c lower than
on January l. 1891. Australian wool is sell
ing fairly well.
EXPORTS or WHEAT.
Exports of wheat land flour as wheat. both
coasts of the United States for 50 weeks, as
reported to Bradsgeets, equals 9s, 25S, O7O
bushels. In 1SS9-91 the aggregate of exports
reported to this journal was per cent less
than the official total; in 1sSS-s9 it was 2 per
cent smaller but 1888 it was practically the
same. Allowing the aggregate given above
to be per cent less than the quantity actually
sent abroad, the prospect Is for total Of
about 102 ,00), 900 bushels of wheat land -four
as wheat, exported within twelve months,
against toflicial) 109, 430, 900 bushels in 1889
90, 49, 500 600 bushels in 1SSS-s9, and 119, 62j,.
900 bushels in lSS7-SS.
The price of wheat has tended downward
during the week, under the pressure of favor
able crop reports, smaller foreign tskings and
reduced speculative demand at home. New
wheat is coming forward freely in California,
and exports from San Francisco have declined
two-thirds in volume, while those from North
Pacific coast ports have decreased about one
half For this reason available stocks on the
Pacific coast increased last week.