Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1891-06-20
State OF TRADE.
Approach Of the Customary Midsum-
mer Dizziness Felt.
frrrsascd Activity Among Agricultural
Implement Deaicrs--The business
Failures Il, She United states.


Increased Activity Among Agricultural
Implement Dealers--Th business
Failures In she United states.
Special kilograms 70 8ryfdNrssi's FROM
many ofthe leading business cenless point to
the approach Of The customary Midsummer
dullness id general trade. Wheat harvesting
is progressing fivcrsbly IA Kansas aud Cali
fornia, with promise a large yield. In
Texas the crops are all improving, aud in
Louisiana some Of the effects Of tie crouth
have been overcome.
Tobacco is fairly active and tends upward.
The relatively greater activity has been among
agricultural implement dealers, in hardware,
groceries and clothing Textile manuiactur
crs report no much doing # Philadelphia.
Business failures in the United st1ies mum.
Der 2SS, against 28S last week, and no this
week last year The total January to date
is $500, against 5s9i last year Bank clear.
ings IN ffty.eight cities for the week ended
June r. amounted 10 81 ,0l4,1i7 ,81S, a decrease
from this week last tenr Of 2n5 per cent.
At fitty-seveu cities New Works. total eX-
eluded) a decrease 0f 97 per cent. ia shown.
The heavy decline As compared With the week
last year, is due 10 a decrease a. New York
Of S2l6 1872 900, at Boston SIS, 500 and
&c Philadelphia Si0970,0oo.
Share speculation AZ New York is dali and
liieiess, though the favorable crop prospects
create a strong tone which is assisted by the
improved foreign financial outlook.
RAILWAY EARNINGS uNsATISF AcroRY.
Gross railway earnings for May, 1891, are
quite unsatisfactory, showing little or 10 gaip
over May year ago, Decreases are more
numerous than for many months past. and
point to widespread slackeniug of general
business The large gains aud losses about
balance each other The total May earnings
81 i33 companies aggregate S3BW4, 2l1, a gain
q less than one-thIrd ofOue per cent, while
mileage aggregates So $50 miles an increase Of
"a per cent The May report one year ago
showed gain of III per cent. over that feg
May 1889, For five months 81 1891 gross carH
ing Of l35 companies aggregate Sl3A, 2iS ~
nm increase Of per cent over iive months Of
last year, which Ia turn gained ~ per cent
over 4 like period IN 1882 The Eastern, Pa
eihe, and Southern roads made the better
showing, while the trunk lines, granger. Cen.
trail Western aud Southwestern reads were
least tiryorahy situated
Wheat has been depressed rather than other.
wise by the Governments crop report the
general sentiment regarding il affecting the
market bearishly. just why this is So when
the most bearish estimates If he crap fua
only TO about 5i000 bushels il not plain.
Reserves have been almost uuprccndcutedly
drawn upon, and Europe promises 20 waHt
more than 10000 ono bushels from abroad in
excess Of preceding years while. ns the bcors
state, the bone crop promises 10 be only 30.
0ODOQ bushels ~ excess of the lurscst crop in
previous years. Exports continue liberal
from both coasts aggfcgatn1 .. l91.6l9 bushels
ibis week and 0l,4I7 Gi5 bushels from the
United Staits exclusively since July [ lust,
nsconparcd with io3, 0I.O1J bushels nt like
portion Of iSS9-19.
AVAILABLE STOCK or wHEAr
Total stock Of available wheat, United
States and Canada in Europe aud aHoat
therefore aggregated %, 00o 600 bushels against
o5,o00,000 bushels one year nge. and 81 ,00o 600
bushels two years ago. The total net decrease
in these stocks for the past five months WIS
only a. 49, 900 bushels against $40 i23 0lQ
bushels ia five months of 1890 and ia,9l5,u
bushels IN like portion Of 1859. Stocks af
wheat available ia the United States and
Canada, both coasts, june I, amounted To 80
0Jt0o bushels against 83. 79tO00 ami - u.s.
coo bushels respectively one and two years
ago, The decrease Va these stocks of wheat
for five months plSr was 3D, $4,000 bushels,
showing that foreign stocks Increased net over
COCO Wd bushels 10 that period. in five
months o. lnpEpar the decrease was y H97 900,
sud the year before $3.50 900 bushels.