Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-04-27
,,rrc,,,. rr11eRAM no THE p1spArcH.I

ESPECIAL TELEGRAM TO THE DIsPATcH.I
NEW York. April 26.-Special kilograms
to BradStreet's point to fairly active
movement of staples at Omaha, st. Louis,
Chicago, Baltimore and Memphis. Only a
moderate distribution or less active business
is announced at Boston, New York, Phil.
adelphia, Louisville, Kansas City, st. JOS
eph and New Orleans. Throughout the
east more particularly Easter observances
made serious inroads into the volume of
trade, and at New York the three special
holidays created in aid of the centennial
inaugural ceremonies will further curtail
the movement
There is fairly active demand at New
York for building materials, groceries.
naval stores, paints, country produce and
liquors, and prices are steady. Our special
Nebraska, Missouri, Ohio. Texas and Louis
lana crop reports are all favorable, Live
stock is lower at Kansas City. Hides and
leather are notably depressed at Boston.
The Louisiana rice crop is improving. San
Francisco has shipped 52, $50 bushels of
wheat and $500 more barrels of -four to
Sydney. Lake ore is beginning to arrive at
Cleveland, and the Erie Canal will probably
be opened May l, an unusually early date.
CENTENNIAL DULLNESS.
Stock trading at New York has been dull
in anticipation of the centennial holidays,
but bear covering and bullish expectations,
based on the crop prospects and easy money,
give a strong undertone to the market
Bonds are active, and advancing on in
creased investment demand. Money at
New York is easy, and call loans have been
down to l per cent, closing at 292H per
cent. Foreign exchange is dull and steady.
Demand sterling, 81 SSsz(94 SO. On Fri
day s., ,000, 900 gold was ordered for export.
The iron market is quiet with no change
in prices. Quotations on Southern products
range from SOC to 81 per ton below CORE
spending Northern brands. Very little
business has been closed. Production is
still heavy and stocks are on the whole be-
lieved to be accumulating some. Anthra-
cite coal is officially declared to have 'im-
proved somewhat" in spite of suppressed
monthly statistics of production of stocks
and a probable heavy increase of stocks,
possibly owing to better inquiry, based on
the recent enforced cut in rates.
Active, higher and buoyant foreign sugar
markets, owing to speculative trading,
strengthened prices of raw sugar at New
York, and by the 25th inst. they had ad.
vanced one-eighth of a cent, with holders
very reserved in their offerings.
SHORT SUPPLY OF SUGAR.
The latest estimated worlds visible sup
ply is 971, 900 tons, against l. ,323, ,719 tons &
wear ago. Refined sugar is in active re
quest and one.fourth of cent higher. Cot
fee has been very dull, owing to Easter anC
prospective centennial Interruptions X
trading. Jobbers claim to still have good
sized stocks, for which the demand is disap-
pointingly light. Prices are unchanged.
Speculative transactions are very tame and
fluctuations small. Teas are in fair inquiry
at steady prices for desirable qualities.
Sales of decorative drygoods at New
York exceed all previous records and price,
are higher. Regular trade is limited, with
a large distribution anticipated. Bostor
spring goods iobbers are active. Prices o
staple cotton and wool fabrics are steady
Print cloths are firm and fairly active oil
the high price of raw cotton. Woolen good
are unchanged. Raw wool continues dull
growers are firm and confident Raw cottoI
is one-eighth of a cent higher on continued
good demand and increased speculative in
terest.
PRODUCE LOWER.
Breadstufs are depressed and lower
wheat being lower than for long time
The May option at New York is down t
S21kc, loss of 21kc this week, with spot
No. red 11Ic higher. Fine weather
favorable crop reports particularly TO
winter wheat, the probable early beginning
of harvesting and the unusually early open
ing of the Erie canal, with indiferen
cables and free selling at home have cause,
lower quotations. Better grades of fou
are off 15@25c, with lower grades steady.
Indian corn is in good demand for export
but prices went off Friday three-eighths of
cent with the West. Oats are depressed
and 11I cents lower on freer offerings an
light demand. Prices of hog products hav
welded somewhat on the besrish temper c
the West, pork going off 30 cents per barre
and Western steam lard moderately, thong
closing steady.
Business failures reported to Brddstreet
number 1S1 in the United States this weeE
against 191 last week and 1913 this week las
wear. Canada had 25 this week, against
last week. The total of failures in tn
United States, January to date, is 4, "a