Telegram-herald. ([Grand Rapids, Mich.) 18??-1892, 1891-07-14
STATE OF TRADE
Az ossleex Over tss " hole Ceantry tor
the fAss W ssk-

An oSusoA over tos " hole Soahtfy kos
the fAss W ssk.
From BradsIr>ets-
There are 10 adyiees tbs week Which
warrant belief IN any radical or vide
spread improvement IN the condition Of
general trade throughout she country.
Dispatches received by Bradstrees's tell
of an unusually active export move
ment OF provisions from the Pacific
coast 10 west coast soata American
ports, owing TO decrease III supplies
from Chill. This, II 10 believed, viii
continue until after the cessation OF
Chslian hosliiities. There has also
been fairly active demand for wheat
and Tor provisions generally At impros-
ing prices, sugar icing &c higher
Leather and boots anu shoes are IN
better demand, aud the cereal crop
prospects are said TO be approaching
more optimistic forecasts. But IN the
foregoing one finds the only note
worthy favorable features.
In the South the cotton remains
heavy and low, and, 10 some extent,
affects trade there. Merchant and pig
iron is said TO have sold more freely at
the West, but the reverse 10 true OF wire
and nails, and at tile East the iron and
steel industries are as dull as ever. Iron
futures reported TO have been sold at
Cincinnati ut "ruinious price," An
thracite coal, too, Is not selling al
higher prices, despite the recent ''ad'
vance" and the demand is dull. The
demand for summer fabrics at the
hands of jobbers and makers is disap-
pointing. and tie fall trade has not
even begun yet. Staple cottons are
moving fairly. Prices of some makes
of bleached goods have been reduced,
but lobbers report trade very quiet.
Woo! IS dull aud easier. Australian
sorts are less active.
Leading staples, such as groceries, are
steady rs to demand and price and
tobacco Is quoted firm, but lumber re-
mains inactive and cattle and hogs are
featureless at Western centers. Disap-
polntment at the continued slow de-
mand for leading industrial products Ia
expressed at several centers. Business
failures in the Unified States number
22S, against 2lS last week. and 1874 this
week last year. The total January To
date is 6503. against 5702 last year.
There has been rather more activity
IN wheat, but prices are OFT cents on
the week, present favorable domestic
crop conditions having rather more
weight than prospective excessive de-
mand for wheat from abroad. Avail
able domestic supplies fell away more
than ! 500. 600 bushels last week. about
as much as In the like week one year
ago: and exports, both coasts Counting
Hour as wheat), amounted to nearly
2,225, 600 bushels, about 800, 900 bushels
more than in the like weeks
one, two and three years ago.
Acting Statistician b. W. Snow. of
the Agricultural Department. wires
Bradstreet's that the size OF the domes-
tic wheat crop for 1921 has not been
estimated at all by Statistician Dodge,
as currently reported.
Bank clearlDgs ut tifty-eight cities for
the week ended july . amount to S975,-
537 ,534, an increase over the like week
last year OF per cent. At ffty-seven
cities New York's total excluded)
fraction of l per cent. decrease is
shown. New York City's total in-
creased S53 zoo, 900, or l0.4 per cent. rs
compared with the week year ago.
Though share speculation is exceed
ingly dull and hfeless prices have been
sustained by the crop prospects and
the apparently decreasing danger of
gold shipments. Special movements,
mainly of a bullish character, IN few
stocks, furnish nearly all the limited
activity. Bonds are quiet, but firm.
Money is easy, but approximations exist
as to the effect of the crop movement
on rates.
Gross railway earnings for June
chnxs- rv.,,, Yt,,,A n af
to the average IN past months. There
are fewer decreases of earnings by in
dividual roads In June than they were
IN May las compared with 1890, and
increases ale larger and more numer-
Gus. Total earnings of lyS railroads
for June aggregate S3l ,5S2 ,434, an in
crease of Al per cent over June, 1890.
which in turn gained s per cent over
the June total in 1889. The eastern
and granger roads make the hest show
ings. For six months the total gross
earnings were S2l7 ,GlS,ll6, a gain of
As per cent over the six months total
last year, which was Il per cent larger
than for six months OF 1882 The east
ern and Pacific roads here make the
best showings.
In the Canadian Dominion crop pros
poets appear to he uniformly excellent,
exerting a favorable influence on gen.
eral trade. Orders for dry goods are
noticeable and demands for groceries
are active. The Dominion reports
thirty three business failures this week
against forty-two last week and thirty
two this week last year. The total
number January l ~ date is lO44,
against 9o5 last year.