The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-08-09

BPadstreets (Fofmerly Pesslmistic)'
General trade shows themost pronounced
gains this week at Chicago, st. Louis
and Galveston. The feeling of conf
denee that general business Is to i'm
prove In the early autumn Is marked
at these cities, and purchases of dry
goods, clothing, shoes and other staples
have Increased heavily, and are follow
ed by n disposition 20 crowd prices up,
Purchases we're restricted at Kansas
City, Omaha and some other northwest
ern points early In the week, owing to
extreme heat and fears of damage to
the Indian corn crop, but rains and
cooler weather have stimulated demand
again. On the Pacific coast business is
brisk, the feature In California being
heavy wheat shipments to San Fran
cisco, at Portland large exports OF lum-
Der, and at Seattle and Tacoma active
demand for supplies for Alaska and
Northwest Territory, and for wheat.
fruit and hops. The movement OF gen
eral merchandise throughout the coun-
try is unquestlonably larger than last
week: cotton goods and wooden indus
tries are better OF, and the stagnatlon
In iron and steel has given way 90 q
growing Inquiry and increasing output
But more Significant still Is the extraor-
binary expansion In bank clearlngs this
week and last month. The increased
value OF our export trade in the year
ending June so, 1897. to which reference
has been frequently made, is indicated
by the statement that 1t amounts to
l,o32, 00l, 900, the largest like total on
record, 1.5 per cent larger than In the
previous record year, 1892, Compared
with the year ended June 30 1895, the
gain Is 20 per cent.
Bank clearings have steadily increas-
ed since July /. The gain was only l
per cent In the first week OF July. COM
pared with a year ago, while in the last
week of July the advance was 2S per
cent. The gain for the first week in Au-
gust, compared with the like week in
1895, Is 25 per cent. The total July
clearlngs aggregate A.IS6,OOi,S $751; the lar
gest for any month since December,
1895, and the largest for any July, eX-
cept one, on record. The July increase
over the June total this year Is per
cent, over July last year II is 10 per
cent, and over July, 1894, 1t is 30 per
cent. with New York excluded, the July
gain over 1896 Is As per cent. The lar
gest gain In any one section is reported
by New England cities, and next by the
middle states and then by far western
cities, The only decrease is that at
northwestern cities. July's swelling tide
OF clearings has almost wiped out the
small decrease shown for the six
months clearings comparing this year
with 1896. Clearinss for seven months
aggregate s29.75O. 50O63s. a decrease OF
only four-tenths of per cent, from a
year ago. but gain over 1894 OF l6 per
cent.
Inersass in Bank cIoarlnEL l
The weeks bank clearings through
out the United States amount to S1.1d2,-
100000. IN increase OF 10 per cent over
last week, % per cent as compared with
the like week last year. 1G per cent COM
pared with the first week OF August.
1895, when there was moderate In
crease in the volume OF business; az
per cent as compared with the like week
In 1894, when the volume OF business
was greatly depressed II per cent as
compared with the like period In 1898,
and an increase Of per cent as con-
trasted with the week in 1892.
The upward tendency Of prices during
the past three weeks ID again q feature.
wool being firmer and higher for some
varieties. Cotton yarns arc stronger
also, as are some grades Of cottons at
the west. Shoes are no higher, but
leather and hides cost more than n
week ago, as do wheat (notwithstnnd-
ing the reaction In September option).
wheat flour, pork. lard, Pacihc-coast
hops. sugar. soft coal and tea. There is
q twenty-hve-cent advance in Bessem-
er pig iron at Pittsburgh, where max
ers decline orders for future delivery at
current quotations and for iron bars
and iron and steel sheets at western
centers. In fact, our predicted revival
in iron and steel has appeared. Many
iron and steel mills are at work on full
time, and manufacturers are encourag-
ed at the increase OF inquiries, Higher
bituminous coal, due to the continuation
OF the miners strike, has had less eff
feet on manufacturing industries at the
central west than was anticipated. Quo
tatlons for cotton and print cloths re-
main practically unchanged, while those
for Indian corn and for oats are lower
on improved crop prospects. Other pro-
ducts quotations for which have deellH-
ed are coffee, petroleum, turpentlne and
rosin.
Notwithstanding q reaction in specu-
lative prices for wheat, due to llqul-
dalton by large holders anticipated by
foreign buyers who kept out OF our
markets., wheat remains In a stronger
position than for years. Worlds wheat
supplies fell of more during July than
ever before, the total August /, GG,3iO,O00
Bushels, being the smallest ever report
ed at like period, except in 1889
Recent records Of improving net rail-
way earnings are continued In returns
OF more than hfty Of the more import
ant railroad companies for June. Total
gross earnings for juno are given al
nearly S36,O0O,OO0. "a gain OF almost
per cent compared with June, 1896. To-
tai net cummings OF the same companies
IN June amounted to nearly &i0,00O,0OO
about 10 per cent more than In June
last year. Forty railroad companies re-
port more than t22,OOOOOO gross earn
ings for the month Of July, an increnHt
Of 81 per cent nB compared with July
1896. Soft cOnl roads alone make pooI
showing
There are 2ii business failures report
cd throughout the Unlted states Thu
,yogL ,.t,VyVad ,tttIh 0tQ taat xUfpL uGi