Phoenix weekly herald., 1897-12-02
THE STATE OF TRADE.

There is modersts improvement iC staple prizes and ;u distribution o l woolen goods, shoes, hafe and hsrdWsF in the region tributary to Chicago, St Louis k .usss C,sy and Omaha. l.
 South Carolina, Tennessee and Louisi
 ana jobbsrs report s moderate reviva in dsmand from interior merchants
 which fsoraseua soma of Etbe business
 delayed by yellow fever qusransinee. Trade reports from Georgia ard Texas are quite irregular. Some cotton
 planters are compelled 50 sell cotton et
 S loss to mset advances made earlier ia l the season and have little or no surplus l with which 50 buy merchandise. Others, notably in Texas, continue to hold cotton, which delays mercantile l collections and in some sections has su unfzvor8ble iLfuaucs. Colder weather northwest apd;ir ehe ceutFs! Mississippi
 and Missouri river valleys have helped
 trade. bJacpfacturers of ifon, steel, sgrIcul tuFaI implements, stoves, railway
 osrs .od w0olen goods report en active
 demand and large outpus, slthough she appearance of speculative steel has re suited in weakening the price Of billets
 end liks tendency ca ths part of
 BsssemsF pig iron.
 aizhsr pricss for wheat, corn. oats
 syrup, leather, hides, shoss and for tur
 psntins. The reaction in iron and
 steei is likely to bs followed by an sd :
 vance ff tns present. rate of consump-
 tion continues. Lower prices for
 wheat, bur snd pork are expected to recognize she increased prics ot wheat
 and indisc corn; So that B lover price
 for copasr is practically the only impoF-
 tant de lire of the week. There ie the
 usual Ioag list Of unchanged quotations, the mos in portant are thosa for cotton,
 printcloshs, wool, lumber, sugar snd coffee.
 Bauk clssrings for six business days ending with N1vsmbsF IS, smouns to SL27S OO0OOO, dseseass Of five per cent compared wish last week, 6u5 an increass Of nearly four oes cent com pared with the iike wsek lsss yssr. thiEsesn psr cent nu-e tEsa in 1895, and nearly 6wenty-eix per cent more than in the second week of November, 1894.
 There were 235 business failures re- ported throughoub the United States this week, compared with 273 lsst week. 3O8 the week year ago, and 323 two years sgo.
 Favorable gross earnings in the third fcTo net returns. Reports ot 125 railroad cor panies, comprising nearly 70 per cent CT the Railroad earning capacity Of the country, show batter ret returns thsn gross, pointing to the efsct of iu- dicioua economies by railroad mana gers. Total gross earnings for nine mont aggregate S665, ,434 ,055, and net earnings s202, ,253, ,75S. gain in gross of less then four per cent, but an increase in net of nearly eleven per cent.
 Speculation on She New York stock | market is dull, but the tone is bullish and prices have improved on the more favorable state of ths Cuban situation and the continued increase of railroad Sugar is strong on 6n ex peoted decision imposing exbFs duties on dutch sugars, and local gas stocks have advanced on an anticipated con of such interests. The ex- tent or She demand for investment bonds and the high prices for such 1 issues is 6 feature. Foreign exchange | is steady at a slight decline, demand | sterling being 4551z.
 Wheat exports show A heavy inc ease alike over last year, aud with o1s ex osption, that of the second week in | Septe m bsr, is the largest single weeks | total on record. The total exporte of wheat flour ss wheat) from both coases | the Unlted States and Montreal this | week aggregate 6, ,653, ,792 bushels against 5.445. .542 bushels last week, 3,937 ,OO0 | bushels in this week yeRF ago. Corn | exports also show a gain, sggreGesiIg | z, ,2O9, ,7oO bushels for the week, sgainet :, ,975, ,721 brahels last year.
 Mid weather has resulted io very | soft roads throughous portion of the i province of Ontario, and has sn un- favorable influence On interior trade. | Business remsins as lass reported st | Moutrsal, whsrs paviR ation. will close glthin & few days. Cold weather in | Nova Scotia has increased the demand 1 at Helifax for heavy goods. Large | quantities of osts have been shipped l from Pric ce Edward Islend to Eng'end. | The lumber export movement from Nav | Brunswick is also noteworthy There l are 3l business failures reported from | tbe Canadian DomiBion this WeeE against B lsss week sud Al iu the week year ago