Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1891-08-08
NO. AZ.
State OF TRADE.
Autumn Expectations Make an In.
creased Demand in Staple Lines.


The Declining Tendency In the stock Mar
ket eliminates in a Speculative Iiqui-
dalton, and stocks Tumble.
Special kilograms to Bradstrcct's indicate
agrowing effect Of the increased demand in
staple lines, due to auticipations Of wants
during Autumn, chiefly for grain, provisions,
boots and shoes, and groceries, There is also
an improved request at the East for leather,
English buyers having been taking with some
freedom. But hides have not recovered yet
from the late dullness
Makers of boots and shoes report a still bet
ter demand than a week ago. Manufacturers
ofrubber at last are buying raw material with
some freedom, though prices are higher.
Raw cotton is no stronger, though crop re-
ports at New Orleans are shade less favor
able. Domestic wool is in better request at
the East; sales at Western markets are con-
siderable heavier. Petroleum is a shade high
err but lumber is as heavy AS ever,
SHIPPING WHEAT TO AUSTRALIA.
Word comes from San Francisco that 10, $50
bushels Of wheat were shipped to Sydney.
and thm the increased Alaskan salmon
pack viii probably offset the decrease in the
Columbia River pack. Mercantile collections
IN the grain growing country are beginning 10
improve, which IL quite encouraging, in view
OF demands for funds 10 move the crops
Sugar is &c lower on heavy receipts.
Iron and coal remains rs dull, and the
former as improbable, as for months past
Business failures in the United States num-
Der 200 againsts252 last week, and i3l this
week last year. The total January 10 date
is II La
Bank clearngs at fitly-eight cities for the
week amount 10 1915, 7S430 decrease from
the like week last year Of 1916 per cent At
hly-seven cities New Nork's total excludcdl
3 decrease of s. per cent. is shown. New
York City's total decreased Sl06, S3s, 900 as
compared with the week year ago. Bank
olearlngs for July at sixteen cities aggregate
10 per cent less than ia July. 1890, as did the
total for SIX months Of 1891 as compared with
the first half of 1890.
The declining tendency in the stock market
has eliminated In a speculative liquidation,
prices OF some prominent shares falling below
the panic level. Disquietng but unfounded
rumors about the credit Of leading banking
houses aided in unsettling the market, while
reports Of trouble in European financial circles
were again current The hrmness Of the time
money market and the difficulty corporations
and other large borrowers find IN renewing
loans, furnish legitimate cause tor the move
ment, which is assisted by bcae manipula-
ton.
GOLD EXPORTS HAVE CEASED.
Railroad traffic is Increasing, and current
earnings show improvement, while gold eK.
ports have ceased and foreign exchange tends
TO decline under the pressure Of anticipated
exports. The liquidation In stocks has par.
italy extended to the bond market.
Exports Of wheat Including four from both
coasts OF the United States this week equal
Sl6i ,3l1 bushels, as compared with a weekly
average Of 2, 225, 600 bushels Ia the four weeks
next preceding, and as compared with 2,272, .
900 bushel. in the last week Of July, 1890
Montreal exports included and ~ conlrasted
with !, 572 900 bushels la the like week In $50
nm 2, 2S2, 600 bushels in 1888 Galveston sends
$1,000 more bushels abroad this week, aud
New York, Baltimore and san Francisco each
export In excess Of 800. 900 bushels.