Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-05-11
ESPECIAL. TELEGRAM TO THE p,spArcH.

ESPECIAL TELEGRAM TO THE DISPATCH
NEW YORK, May 1O.-Special kilograms
to BrIdStrees's from leading trade centers in
dicate an improvement in general trade at
Cincinnati, Chicago, St Louis and Kansas
City. At no other point reporting has
there been any widespread gain in the
movement of staples. Advices from Phila-
delphia, Boston and Baltimore might easily
be construed as disappointing, while at
New York general trade is more
active in liquors Gobbing), naval
stores, fruits, coal and seed. The Centennial
week was disappointing to hotel and res
taursnt keepers, dry goods, fruit and other
wholesale dealers. Country produce and
naval stores prices tend lower. Rain is
much needed in Louisiana, Ohio and Ken.
tucky.
Recent rains, followed by warm weather,
in Minnesota and California have improved
crop prospects. Kentucky leaf tobacco is
stronger from the effects of drouth.
Stock speculation at New York is
fiat and dull. The reconstruction of
the Atchison management fails to counter
act the unfaYorable effect of the annual re-
port and poor showings of current earnings.
Good crop prospects aid in keeping up an
underlying bullish sentiment notwithstand-
ing drouth in Central Western States.
Bonds are strong with heavy investment
demand. Money at New York is easy.
Cable loans 2@2% per cent. Foreign ex-
change is firm and quiet. Demand sterling
"a 8994 S9K.
PRICE OF PIG IRON.
The cut of 81 so for Nos. / and Lehigh
pig iron brings prices down to SIC 80 and
SIS 30 respectively, the lowest recorded.
This is the second effort to check Southern
competition in the East by reducing prices,
the same company having dropped
quotations from $50 to SIS in December.
1884, for a like reason. The outlook
is for reduced output of anthracite iron
and better trade Bar iron has only mod
crate demand. Steel rails are still demoral-
lied, SIS, cor less" having been reported
accepted this week. This if true makes
the lowest price on record for steel rails in
this country.
Anthracite coal is said to have improved
since the LIST inst The demand at the re-
dueej rates is undoubtedly a little more ac-
tive with greatly reduced output during
May.
There has been a reaction in the bread
stufs, and prices have advanced 2 cents on
wheat; and 10 cents per barrel on
flour, cents for Indian corn, and and / u
cents for oats There has been an increasing
activity in wheat among the millers and
shippers. The dry and hot weather West,
unpromising crop reports, stronger cables,
and a more active export movement COM
bining to affect wheat prices. Exports ag- |
eFsgafRg- 10000 bushels are expected this |
week and next.
There is freer home and foreign demand |
for corn, and oats are active ~and higher |
in the West. Total exports of wheat and |
-four, both coasts, this week equal ,273, 900 |
bushels Of wheat, against S93, 900 bushels |
last week and /, ass, 900 bushels the second
week of May, 1888.
DRYGooDs QUIET.
New York drygoods jobbers report quiet |
trade, The volume of Centennial trade |
proved disappointing in all leading lines. |
At Boston there is only moderate activity. |
Prices are generally firm and unchanged. |
Leading makes of staples aad cottons tend /
higher Woolen goods sell slowly. Manu-
facturers of cassimeres and worsteds are
we'll supplied with orders. Wool is un-
changed.
Wool growers and dealers are wide apart
for the new clip, as better prices are de-
manded than were obtained last year. The
London sales prices have advanced 4 penny
to 1 penny pound all around. Raw cotton is
3-16 cents lower on weaker foreign advices.
Raw sugar has been very dull, owing
to lack of demand by refners,
though holders have generally
been reserved. The result was a decline of
an eighth of cent. Holders at primary
markets continue of confident temper. Re
fined being limited sale was reduced in
price an eighth to a quarter of cent. An
early revival in demand is expected. At
New Orleans and San Francisco sugar prices
have receded in sympathy with New York
and London.
Accumulated European stocks of coffee
induced bearish cables, which affected spec
ulstive dealings in that staple here, and
prices reacted cents. Brazilian advices of
free export sales and weakening tendency
by holders there aided this movement
Other varieties of coffee have been frmer at
New York, with good demand.
Business failures reported to BrGdStTeefs
number ia in the United States this week,
against Isl last week and III this week last
year. Canada had 29 this week, against 29
last week. The total of failures in the
United States, January 1 to date, is 4, $40,
against 4, O69 in 1888.
IRON ON THE DECLINE.