Phoenix weekly herald., 1897-12-16

increase in trads, present and oontin gent, bssad upon enlarged Alaskan de
 mand. San Fra ncisoo reports sh, wheat crop improved by recent rains with conservative estimates pointing t
 yield of S75, 900 tons. General expori
 trade on the coast is very heavy.
 The prics situation is one of sustain.
 d snd even aggressive strength. The
 index number of ninety eight leading
 staples showed 6 percsptible increase
 during She month Of November and a
 further improvements is indicated this
 week. Wheat is higher, partly on im-
 proved statistical position, but largely
 in sympathy with the Chicago "squss zs'' which has advanced prices 15c. per bushel in that markst within a week.
 All other ceresls hsvs sympsthizsd with
 wheat, and eoffse, copper, cotton, dairy
 products, leat tobacco and raw sugar
 are also among the prominent staples
 which have been enhanced In value.
 rhe decreesss have bsen few and slight,
 pig iron being most prominent, owing to
 slight shading in Plttsbung, with
 sympathetic weakness at other points
 on an immense production. Talk of
 pool to control production has stiffened
 prices of wire and nails. Ssssdiueas has been sfsature of the price of pork, lard and wool.
 The railroad interests of the country are enjoying prosperous times. For tbo month of November they show She heaviest gain in amount and percentage reported ia any month for years psst.
 Large increases gre 8 feature, and the tendency toward gains is almost un- varying. The total earnings of 104 roads for the mont sh just closed amount to about S50,00o,OO0, gain of over ss,- 500.000, or 21 psr cent, as con ps ed wish November year ago.
 The Pacific and southwestern roads hsvs done relatively best, with gains of, respectively, 10 snd 30 per cent; but the gr8ngers and csntrsl-westerc roads rs- port increases in excess of 25 per cent. The total earnings of 101 railroads for slevsu months this year aggregate over s456. 100000, an increase over last year of 6 psr oeae., following 8 gain last Fssr CD leading roads of ? per can't. Cver 1895. The Pacific roads make the best showing for the eleven months period with gain of 12 per csns. while the ,osl roads report the smallest increase, 'nly about ? per cent.
 Bank clssriugs are again very heavy, he total at v cisies for the past week lggregsting s1. .352, 100000, gain of ,er cens over last week, Of 9 per cent 'var the week year ago. of 326 per 'ent ov-r 1891. and of 21 per cent over 693. Compared with the year 1892, when clssrings approached She maxi nun of recent yesrs, the decrease is ,nly per Tt. When compared with 1891 the increase is only 11.4 per ont.
 Stock market values at New York Isvs advanced during the week with increasing public interest in speculation hough prote msnipuIstivs in- uences have been very apparent. .monG the carreah bnllish factors the 'residents tressmsnt of the Cuban uestioo, the increase in railroad earn ,gs, rumors Of dividends on number stocks and. above all ,she activity and ;rength of shs bond market have been onspicnous. Trading in sbonds has cen ca 8 very large scale, thes buying smend caused by the supersbundsnoe idle funds and the approach of the nusry interest disbursements having Io- ha 1R ed railroads. Northern Pacific sd- lncsd on the expectation of the divi- md on the preferred stock. Union scific securities were affected by the of the Kansas Pacific le. Sugar was. sn active feature, re- ting on the failure to declare an extra videno. Foreign exchange is lower
 free offers of commercial bills, de- knd sterling bsing 1. S54@4. .S51s. Cereal exports continue very large, ough showing 8 fslling of from lasb ssk's heavy total. Total exports of heat and four from the United Stetes d CAnsds this week aggregated 6,005,- 5 bushels against 6,699,000 bushels st week, 4,222 900 bushels in the week year ago.
 OOTn GXDOGfS AiSO SHOW B Ous ,gregstinQ 068,00 bushels this week, ,sipst 3,585. .O00 bushels last week Al 900 bushels last year. There are 292 business failures re- rted throughoue the United States is week, ss opposed to 250 last week, 1 in the week year ego. Improved prices snd demand for ain and large exports of lumber to ls country hsve slightly helpsd the sde situation at Toronto. At Mon ,sl business, while quieter, is ahead last yesr. Warmer weather on the lsntic coast has checked the distribu- n of winter goods. An improvement the fish trade is looked for in the Iritime provinces to help general busi- ss.