Phoenix weekly herald., 1897-11-04
THE STATE OF TRADE,
Summary by Brad street's.''l

Summary by ' Brad street's.''l | While the general trade movement ii
 somewhat irregular and there srt
 further evidences of falling of in de
 maud she volums of business continues
 of large proportions. Speculation ir
 wool hes ceased and demand for the staple Is less than foR wseks past.
 Cotton goods are dull on the weakness
 of raw cotton, and joboeFs report dry goods sIoweE shan week ago. Iote' rior merchants in the central west have
 not distributed fall stocks as promptly
 ss expected, and many iobbers st west
 eEn ceutsrs find that they ovsFestimated
 the oonsumpsi7e demand when seour- l ing fall goods. Uaseasonebly warm | weather has interfeFsd with shs move msns of heavy goods ss the west, but rains in Kansas, Oklahoma and Nebrss ke have improved the agricultural cus-
 look. Relatively, the greatest activity | in trade is reported by Kansas City and Omaha merchants. While quarantine
 regulations have been raissd in Texas l and modified in Louisians, business shFoughout most of the gulf states re-
 mains practically ct sbsndstill. Al
 most sll the larger eastern cities report 6 dscFsased movement of merchandise and 6 tendency of collections to fall away, notably Baltimore, owing to its southern connections. The industrial situation continues to furnish employ
 ment to es many as ct any preceding
 period ahis year and at higher wages.
 Production of iron, steel. machinery. stoves, cez and structural work, coke, glass and woolen goods continues heavy. Steel mills have orders to carry them into 1898, and decline contracts foE next
 years delivery. This explains the sd- vsnos in the prios of Basssmer pig izon, while the foundry grades Fsmsin un- changed. The extraordinary heavy and steadily increasing prod ucsion Of iron is ssaCsing up furnaces long out of blast, and although consumption is heavy, it is not improbable that produc- siou may onbrun it in ths nesE future, which constitutes an unfavoreble point in the outlook.
 Other advances in pric 5 are hides st western oenters, window glsse, wheat snd lard, while quotations for pork, sugar, lumber, coal, shoes snd long list of other stsples remein unchanged. Cotton and printcloths are lower, as are glucose, Indlen corn, oats, four, beef eoffaa lesd and eo50ap
 Bank clesEings shroughout the Uni ted States aggregate S1.3O6, ,993, ,8S4 this week, decrssse Of 8 fraction of one per cent from the sotsl of 8 week ago, 8 falling of of five par cens ss compared with the tossi in She thir5 week in Oo- tober, 1892, and three per cent less shan in the corresponding wesk of 1890, in both of which years she volume of 1 waa exceptionally heavy. This wsek's bank oleariugs are q psg cent | larger than in 6ha waek year ago. 1 ClesRiDgs tt only ten ous Of seventy 1 week year ezo.
 There sFe 205 business failures re- ported shroughoub the United States | this week againes 196 last week, 292 in the week one year ago and 259 in the l same week two years ago.
 The New York stock market has been irregular bun generally higher. Public interest is limited, but London has bought this wssk and large interests sFe more active o1 ths bull side. The elections and revived talk of Cuban ,rou ublss hays besn ussd as bear factors. md B settlement Of com plicasions about ,utside gas organizations in Chicago l nave had good effsc5. Stories Of 6 Iyndic8te 60 bid for the Union Pacific n opposition to she reorganizsra seem Exchange is firmeR on the Bank of Eaelaad's evident purpose to ,dvsnce the London raoney market, and exists ss to the purpose of aFge borrowings on long sterling bills lePs.
 Exports of wheat (four included ss Rheat) from both coasts Of the United States and from Canada this week smouus 50 5,552, I'll bushels, against ,,O39,000 buehsls lass wssiz. 1. .U67, ,0O0 n the week yeHr sGo.s
 There has been 3 sharp drop Y the ,xpost moyemens of Eaoien corn this week., sheS Sossi smountiog to 1,l77543 2pshes, compared w4sh 2.224 900 bash ,Is isst week, snd 2e79,0Oo bushels in he week year ago.
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