Phoenix weekly herald., 1897-09-23
THE STATE OF TRADE.
Summary of "Bradstree,s" Repor,

Summary of "BrRdstreets" Report
 The business week has been marked l by continuation of comparatively fret ] buying from jobbers and com mission uerchsnts, In anticipation of Wsnte, al
 almost all important distributing
 points. At number of centers spe-
 clel-rste excursions Of merchants have increased the weeks volume of bnsi
 ness notwithstanding the intervention
 of a holiday. Speculative interest ID and the strength Of wool remain feat ures of that market. Cotton fabrics
 have improved their position in view of increased demand and cheaper raw ms- \ terial. There has been falling of in general trade in portions of Texas, due
 in pers to the unwillingnees of planters | to sell cotton et it's present price, but
 at central western points, notably Ohi- cago and St. Louis, business has been quite active. Western iron and steel
 mills are practically independent of
 buyers for the remainder of the calendar year.
 There is only 8 slight falling of, per cent, in the volume of bank clesrings throughous the country this week, the total amounting to $1, 106, 100000, not withstsnding Monday was observed as a holiday. Ia the like week one, two, three and four years ago oleaFings were much smaller than this week, She gain being 46 per cent over 1896, II per cent over 1895, 30 per cent over 1894 and 50 per cent over the week in 1893.
 The New York stock market is ezcit- sd and higher on continued public buy ing and powerful bull manipulation, the granger shares leading. Large in oreases in railroad earnings and the deo- laration of an extra dividend by the St. Paul Railway Company are the effective bull factors London has shown more interest in Americans, which are the strong feature there. Foreign exchange Is weaker at 86, or shade lower, on freer supplies of com mercisl bills and decreased pressure to | remit proceeds of seeureties sold heEe. | Silver has rallied from 6 further de- | pression.
 The August advance for more then 1 100 staple raw and manufactured ar sioles, products, live stock, etc., es re- ported by Brddstreet's, amounted to | per oent. following 3 l per cent. sd vance in July. During tbs first six montos of the calendar year prices re- terred to fell away about 26 per cent.
 The weeks upward movement of prices cor tinues as remarkably wide spread as for nearly month past, with advances in quotations for more than dozen staple articles and products, un- prices for ons-qusrter as many more, and noteworthy decreases only for cotton, coffee and lard.
 August gross railway earnings make the best showing of any month for years past. Total earnings of 1O9 oom penies for August sggreaate S42, ,727 ,913 sn increase over laas year of II 5 per cent.
 There are 173 business failures report d thronghous the United States this week, against 19S last week, 3OS in the week. enc years, 2l3 two years ago, 223 hree years ago, and as compared with 100 in the like week of September 1893.
 Exports of wheat flour included ss vheat) from both coasts of the U uited ,tates sud Montreal show falling of { rom last week, but are still very large, l ggregasing 5.461, ,506 bushels. With hs exception of last week. when the otsl exports aggregated 6,260,347 bush Is, they are largest for any week this sar. Corn exports are the largest for ny week since last spring, aeg es atinR 4 ,943,349 bushels. against 2.556, 300 , ushsls last year.