Phoenix weekly herald., 1897-11-11
THE STATE OF TRADE.
[summ.ry by "Bsadstreet's.'I


 e check to the movement of staple me
 chsndise. At larger eastern and ceI
 srsI-western oities sales of seHsonabl goods have not equaied expectation IS and at none e those points has th - volume of business increased. A E. Chicago, St. Louie, Baltimore, NsV
 York end Providence there hes been
 decrease iu ths volume of business il 5 some lines, due In part to unseascnabl weather and in instances to the oontin 3 ued quarentiue of yeilowfevsF dis
 tricts. Some jobbeFs at cities wbicl
 supply southern merchants have delay
 ed sending ous travellers and in instan cea have called travellers home. Mer-
 oantils collections sre slower, dlling-ir
 orders are smaller aad more iafrequent
 and business in staple lines for the . latter helfIot Ossober, aside from ths;
 of wool aud metals, hss been somewhat
 disappointing.
 The north west continues to make
 relatively more favorable reports as to
 trade, although at Milwaukee and Min despolis mild weather has checked cis
 tribution. Nearly 6ll southern cities, except 8 fsw in Texas, Arkansas and 1 Georgia, continue to feel the influence
 of the yellow-fevsr quarantine, she ez-
 tPsmely IoR prics of cotton and delayed
 collections.
 1 Coneu u ptiou of iron and steel con
 ti1ues heavy, but miiis refuse orders for 1898 delivery, in the belief that the 1 cost Of n hiking igon and steel will be higher, Woolen goods continue firm and iu fair demand and with Rn upward tendency, bus cotton fabrics are weak and the market Is heavily stocked.
 Wheat is again above & dollar, on con- tinusd heavy exports. Our wheat ex port movement, sggregating mora than 70 100000 busoels within thirteen weeks, is precedented and points 60 keener appreciation of the statistical strength of whsab,by European impo0 than by many American traders.
 Ths advance in wheat is followed ct a distance by higher prices for Indian corn, oats and wheat four, practically the only advances in staple quotations this week, though woolen goods and shoes both tend higher.
 The check to the movement of meR- chsndise, which Bradstreet's has point ed out foP several weeks, new shows itself in the bank olesrings returns, the total volume ot which IS $1, ,193 0O00 000 ' this week-9 per cent. less than last week, but fully 9 par cent. more than in the last week of O3tober, 1897. the week before tte presidential election. This weeks total is only 10 per oenb. larger than the corresponding aggregate in 1895, when there had been s reaction after the little boom in she summer and early fall of that year.
 The total nu m ber of business failures throughout the United States shis week IS 219, compared with 2O5 last week, 246 in the week year ago, 299 two years ago, 253 three.years ego, and ae oontFassed with 353 in the fourth week of October, 1893.
 The New York stock market is very dull, apparently awaiting the election. It IS altogether professional in quality and ssgs irFegulaFIy lower, with brief rallies due to covering Of shorts. Alp orehension of Cuban omplIeations nave effected the market, and favorable western railroad earnings fail.to rally it. The Governments intention of postpon- nR the Uaioo Pscifo sale, and the s iyndicate's agreement to pay S6.00Q.00O additional to prevent such action, ,aueed heavy liqpidstio in the stock T md other securities of that company.
 Exports of wheat (f1ue included es 6 Vheat) from both coasss of the United : States and Montreel this week amount o 5.91l, ,39l bushels, against 5.552,0OO 7 bushels last week, 3,62S,OoO bushels in be leet week of October, 1896. Exports of Iodisn corn amount to ,589, ,193 bushels this week, compared with IT 900 bushels lasb.week, 2.649,- OO bushels in tine corresponding week f 1896.
 General srade throughout the prov nee of Ontario is relatively 9acsive, end ' one banks have iseusd ciroulasion up U o the legal limit The effscte of un- easonsble weather have been felt in he province of Qlebsc and orders for . ;scing seesonabla goods have been de- syed. General tsrde is not very active a Nova Scotia and New Brunswick. . Bank clssrings as Winnipeg, Hamilton. toronto, Montrael, Halifax and St.John, : [. B., amount to 900 this week, ., decrease of 3.7 per cens from last z 7eek, but eu increase of more than ? per cent AS compared wibh the fourth P eek in October, 1896. There gre % usineee failures reported from the Do- linion of Canada this week, compared = ,ith 27 last week, 37 in Che week year go and 48 in the week two years ego.
 NEBRASKA o