Phoenix weekly herald., 1897-10-28
THE STATE OF TRADE.
Some Falling Of, but Business Gen-
 eraliy in Good Condition.

The activity in staple lines of meF- mooth ago, dus to interior merchants l having supplied their demands for the | time, gradual increase of the territory | included by the yellow-fever qusran tine, | the low price of cotton, tendency iu | the Missouri river valley and spring wheat States to hold wheat for higher prices, and to farmers being busy with fall planting.
 The drought is not broken in Kansas, northern Missouri and Iowa, where rains have been light, but the outlook is nos alarming. Good rains have broken the drought in Nebrasks, where the ground Is ready for fell planting. Unreasonable weather has had an m favorable infnence on the distribution of nerchandise shroughous the central west, and as Chicago RRd St. Louis sales have fallen of.
 Cotton is weak and 11So. lower than year ago on lsss estimates of 10000 OOO- bale yield against 8,7O00 GOO bales ip 1896 97. A well-informsd correspond snt Of Bradstreet's, after extended per sousl investigation, gives reasons for anticipating 8 much smaller yield than srade estimates indicate. He looks for Texas crop not to exceed 1000 GOO bales, OF less shan lsst year, while the Mississippi vsllsy will, be thinks, pro- duos less than en average crop and 4 E>- s- l,t -ff tion than last year
 Chattanooga is the only southern city reporting an Improvement in business It attributes this to the drought having been broken and to improved crop con djtious. New O'lssns looks forward hopefully to the appearance of fFosts and g resu nption of business relations " th ths rest of the would next month.
 The position of the ootson- goods iu- dustFy is no mora favorable, but veolen- goods manufacturers report demand brisk, prices steady, and Rn pnwiiliog ness by makers to socept new orders at present quotations. Advioas foF Bes semeF pig iron and steel biIlets cheek sales, but prices gre frmly heid. Some steel mills are not able to keep up with orders. The domesblo consumption of pig iron last month vss ex braordinaFily heavy and promises 70 greatly stimulate production.
 With the slsokeniug off in the rate ol distribu sion of merchandise, the up ward movement of pricss IS ooFres pond ! f- he harG week tn succession, the number of staples for waioh quotations are lower is greater bban those which are higher OF unchanged.
 Ssptem Der gross railway earnings ex- cseded those for August both iu amount aud percentage of gain, being unrivaled as to proportion Of gain shown. Total Ssptsm Der earnings of 132 companies, operating nearly 100, 900 miles of road, aggregated s50.812Y Y042 an increase over September year sgo of S6, 300,000, OF Al peR cent. This followed 6 gain in August of 12. 1 per cent and per cens in July over last year.
 Bank cleeFings throughout the Uaib- ed States this week aggregate S1, ,306,- GOO, ,O00, decrease of 6,5 per csnt as compared with last week, bat an in crease of 31 9 per cent compared with she like week one year sgo, P 6 per csns 8 compared with 1895. g. 6 ger cent contrasted witb 1894, II 8 psr cent Increase over 1893. IO7 per cent iu- creGss over 1892. and ar increase of Il s per csu5 as compared with the second week i1 October, 1891. When con trset> ed with she like week iu 1890 shsrs is 8 decrease of ? ' per cent.
 There gre 196 business failures re ported thfoughoue the United States this week, compared wish 237 lssb week, 279 in the week a gear ago, 259 t~o years ago, 253 thFes years ago, and $40 four years ago.
 The New ' ,rls stock market rallied sharply from its Ieaction on Wsdnee day, but has si. G been dull, profes sionsl, and su jsot Co bear attacks.
 Wheat expoI $ hays again expsn ded, the totsl for the present week being smorg the largest "n record. The total exports of whees, h,uF ee whssk, this week from both coasts of the Uoised States aggregated 6,O39,720 bushels, against 1 .S35 .641 bushels last week, 4,156,9I7 bushels iu this week year ago. Corn exports sgsin make 8 small total. being 2,224,OOO bushels shis wesk against 2,1OO,0OO bushels iess week, 1,711 900 bushels 8 year ago.
 General trade in the Dominion of Canada is relatively better than in the United States. This is noticeable in the agricultural districts of OotaFio, where the prjcs ot staple farm products is firm and the demand active.
 WESH END ITEMS
 What Is Going On In . Lively
 District.