Telegram-herald., 1891-08-25
The STATE or TRADE.



endeate a gradual improvement In
the condition Of general trade, par
tieularly at the West. over the mod
crate shown for the pAst few weeks.
Warm, dry weather has helped the
Indian corn crop. and rice, sugar and
even corn crops are In good condition.
There is an improved request for ieath-
er, boots and shoes and clothing Re-
ceipts of wheat at Northwestern
markets. as well as at New Orleans
are reported as blockading railway
yards. The demand for millinery, lum-
ber, hides and wool is not increased
perceptibly. except for the last named
Ia few instances. Raw sugar il one
sixteenth OF cent higher.
Tobacco ID in moderate sale and
petroleum h lower. Manufacturers are
buying rubber quite freely. notwith-
standing high prices. Hog products
are firm on light receipts of hogs and
wheat flower is fifty and seventy-fi
cents higher per barrel, with fair ex-
port inquiry. The Alaskan salmon
pack is good, but Columbia River ana
British Columbia packs will be small
California fruit is very low, but wheat
rates very high. Improved request for
crude iron continues. Prices are no
firmer. Restriction OF output of an
thracite coal finally begins TO restrict
but prices are unchanged. Business
failures in the United States number
Isl, against 2l3 last week and loo
this week last year. The total Jan
uary l TO date is 1929, against 6663
last year.
June net railway earnings are among
the best OF the year and compare es-
pecially favorable with the preceding
months showing. The tendency to-
ward an increase Is more pronounced
than for some months. Gains by
groups are many and heavy. The Pa
cific roads alone show "A falling off in
net in june from year ago. Net
earnings 81 Ito roads for June aggre-
gate S14. 10. sos, a gain Of ll.6 per
cent. on last year, When June net
gained 10 per cent. over 1889. June
gross this year gains only per cent.
over last. For the six months the net
earnings 6 129 roads aggregate S97.-
1881. a gain of % per cent on last
year. which In turn gained I3 per cent.
over 1889.
Bank clearings ao 5s cities for the
we ended August 20. amount 10 ST.
oO2 s33 .021, q decrease from the ike
week last year OF 10.1 per cent AT 50
cities New York's total excluded a
decrease Of 40 per cent is shown. De-
creases were: AT New York. S92 $685.
900; at Boston. ALSO 900; At Phia-
delIthia. S13, so, 900. and af Chicago,
50 249 600. as compared with the week
year ago.
Speculation IN railway shares Is
active and higher. and continues 10 re-
spond TO the influence OF good crops
and the prospective exports. Prices
OF granger shares show advances of
from one to five points. with similar
demonstrations in the trunk lines and
other groups. The movement has
called for increased participation from
the west and the outside public, al
though Europe h somewht irregulr
In its dealings In the New York market.
Rates for money at New York are
slightly firner on Increased speculative
OF a fortriight ago has materially sub
sided. Foreign exchange conutiues
steady, the offerings OF spot COM
mercial drafts beingin sufficient TO sup
ply the demand. which was augmented
by foreign selling OF securities in the
market. The movement is considered
temporary. ana, decline I'm exchange
10 the gold importing point is expected
later on. The western demand for
monnv isVharper this week.
Jobbers in autumn dry goods report
a further improvement in the demand
from all points. aad the fall trade is
now IN full swing. Dress goods of all
kinds arc In active demand and move
ment. The spot demand from agents
is slow. but orders by mail are OF good
volume. particularly from the West.
Print cloths arc dull and weaker 1-16c.
| off. Other cottons are unchanged
woolens are rather slow OF sale. Raw
cotton IL off 1-16c. per pound.
The excited market for wheat and
rye caused by the prohibition Of the
| export OF the latter cereal from Russia
continued for several days. and has
been succeeded by nervous. un-et-
tied feeling. and naturally by reac-
tions. Wheat shows n net gain of
| 4 Lac. on the week. although 4 10 Sc
lower than the highest point touched
| on the boom. Corn is up i-2c., and
oats arc &c. higher. The jump of rye
| prices checked trading. and quotations
show a nominal decline OF 1 TO Pc
sincc August IL The firmness of
cereal markets rests on the extraor-
dinarv exports. and thus far Is but 1T
| tie influenced by the outlook for In
| creasing recei-, fnef Our
London correspondent this week in
c-eases his European ne import esti-
mate for 1912 from 2si 200. 900 TO
100000, 900 bushels. practically elm
mating Russia from the estimate.
Exports NJ wheat from tho United
| States fexclnSveiv) this week aggre-
gate over 5,To0. 900 bushels. against
| S.14T 900 bushels last week and 4 :
| 100000 bushels for the week before
United States ports and Montreal in
| the week wear ago oniv exported 2. '
4s9. 900 hushfls ~ wheat land -four rs
| wheat. and fexclndve Of nontreal)
| only 2.TO3 600 bushels in the week of
| 1880 md or'v = .22s. 600 in 1898 Mon.
trcal and United 8 ates ports this wee
| exported nearly 5000 900 bushels. as
week year ago. For seven weeks
enAine August 20 the total wheat
| land fiour) exported from the United
States was nearly 25.ooo. 900 bushels.
| about 10000. .ooo hueheis more than II,
a like period In 1890. more than H.
| Ooo. 900 bushris q ercess ae compared
with 1889. md fnlly 10000. 900 bush.
Ella confrasted with 1888
There is some gsin shown In leading
| wholesale lirre~ sf iobbinV centers IN
| the Canadian Douenion. and the out
/ - n L. .