Telegram-herald., 1891-08-06

Dradssrest's Review Of Last Wssk's Das-
tnsss AsHeets IN she Csaztry

Special kilograms 10 Braastreet's
indicate growing effect OF the IN
creased demand In staple lines. due 70
anticipation of wants during the
autumn. chiefly for grain. provisions.
boots and shoes aud groceries. There
is also an improved request at the
East for leather, English buyers hsy-
nag been taking with some freedom.
But hides have not recovered YET from
the late dullness Makers Of boots
and shoes report a still better demand
than a week age Manufacturers OF
rubber are at last buying raw materi-
al with some freedom, though prices
are higher. Raw cotton is no strong
er, though crop reports at New or
leans are "A shade less favorable.
Domestic wool is Ia better request al
the East; sales at Western markets are
considerably heavier. Petroleum II a
shade higher, but lumber il as heavy
as ever. Jobbers in dry goods report
no increase In the demand or strength
in prices Bnt il il still too early TO
note the effects OF the fall trade move
ment. Print cloths are l-lbc
lower. Leading winter wheat
markets report quite heavy re-
eeipts, in spite OF the late Alliance
circular advising farmers Ia hold Tor
higher prices. Meats and other pro-
visions are generally firm, with an up
ward tendency. aud cattle and hog
receipts at Western ccnters being light.
prices are higher. Word comes from
san Francisco tnat l0.25o bushels of
wheat were sti ped TO Sydney July 2i,
and that the increased Alaska salmon
pack will probably offset the decrease
in the Columbia river pack. Merean-
title collections In the grain growing
country are beginning To improve,
which Is quite Encouraging, in view
of demands for funds 10 move the
crops. Sugar is rs C. lower on heavy
receipts. Iron and coal remain as
dull. and the former rs profitable. as
for months past. Business failures in
the United States number 200. against
252 last week and 13i this week last
year. The total January l to date is
T117. against 6200 last year.
Bank clearings at fifty-cight cities
| for the week ending July 80 amount
| TO 1915, ,T3t ,304. q decrease from the
/ like week last year OF 12.6 per cent
| Az -StNtii Cittts 'k>NN tohhi
| exciuded) decrease of IL per cent.
| Is shown New York city's total de-
creased S16O, ,S3S, 900. as compared
with the week year ago. Bank
clearings for July at sixteen cities ag-
| gregate 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 specula-
| tive liquidation. prices OF some prom
| incnt shares falling below the panic
| level. Disquieting but unfounded ru-
mors about the credit OF leading bank
| ing houses aided in unsettling the
market. while reports OF trouble In
| European financial circles were
| again current. The firmness OF the
| time money market and the difficulty
corporations and other large borrow
ers find In renewing loans furnish legit-
innate cause for the movement. which
| is assisted by bear manipulation. Rail
| road traffic is increasing and current
earnings show improvement, while
| gold exports have ceased, and foreign
exchange tends TO decline under the
| pressure of anticipated exports
The liquidation in stocks has
| partially extended to the bond market
| Exports of wheat. including fiou-
from both coasts of the United States
this week, equal 3,164.3 bushels.