Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-05-04
ESPECIAL TELEGRAM TO THE DrsrArcH. ]

NEW YORK, May 3.-Special telegrami
to BrGdStreet's indicate that the volume o.
general trade has been checked at nearly
every city of special commercial importance
during the week. At the larger Eastern
centers the New York Centennial celebra,
tion was largely responsible. But St. Louis,
Kansas City, st. Joseph and New Orleans
report less activity in demand and dis.
tribution for both seasonable goods and
staples.
Savannah, St Paul and Chicago have en-
joyed a moderate activity. Cold weather
has checked demand in regions tributary to
Cleveland, Louisville and st. Louis. An
other vessel has been chartered to load
wheat for Australia at San Francisco. Cat
tie at Western markets are 20 to 80 cents
lower, with free offerings
IN AGRICULTURAL LINES.
The breadstuffs markets all tend down.
ward again. Flour prices are off to Is
cents, with wheat. After Fridays rally
wheat is one-eight of a cent lower on the
week, with a bearish West, in spite of
stronger cables and renewed exports. Freer
shipments and offerings of corn depressed
prices three-fourths of a cent, and similar
influences put oats down one-fourth of
cent net on the week.
Reports of stocks of wheat at nearly ], 900
points of accumulation east of the Rocky
Mountains show "a, 363. 900 bushels so held
last Saturday, a decrease of 8, ,273, 900 bush
els during April and IA, 600, 600 bushels less
thar were held a year ago. Indian corn
stocks are 10, ,665, liz bushels, or 25 per cent
less than on April 1. Stocks of wheat -four
are $4,000 barrels larger than one month
ago and 773, 900 barrels in excess of stocks
held May l, 1883.
Hog products, excepting lard, which is
heavy, are generally active and frmer. Ex-
ports of -four and wheat this week are equal
TO only S92, 900 bushels of wheat against
i ,504 600 bushels last week and 1,53S, 900
bushels in the like week last year.
TRADE CURTAILED.
New York trade has been greatly cur
tailed. Exceptions are shown in the stronger
local demand for country produce and
fruits. Groceries, naval stores, building
materials, drygoods, furniture, boots and
shoes and rubber goods are quiet Wool,
paper, glassware and china, machinery and
leather are dull. Paints and oils continue
in good demand. Crude rubber and build
ing materials are strong and tend upward.
A bullish temper animates the New York
stock market based on good crop prospects
and favorable netearnings reports for March
by Western railroads, Bonds are strong on
active investment demand. Money at New
York IS easy. Call loans 21k per cent.
Foreis exchange is dull and strong. On
Friday s., 75O, 900 -goid was engaged for ex-
port. Demand sterling 81 S9(64 S9I<
There were 81 strikes involving 1888
strikers reported to Brddstreefs during
April against 123 strikes with 26,OO7
strikers in April, 1888. Since January l,
1889, there have been reported 221 strikes
and As, 924 strikers, against 313 strikes and
81 $50 strikers four months of 1888, and 1893
strikes and 153, ,03s strikers in 1887 Several
orders for steel rails have been placed for
$26 at the mill, q cut of 81 in price, causing
surprise in the trade. There is no improve
ment in pig iron.
BUSINESS IN DRY GOODS.
Unfavorsble weather and holidays have
curtailed dry goods sales at New York and
Boston, but the latter part of the week has
witnessed a good trade in job offerings at
New York. Commission men report no
change. April trade at Boston was of sat-
isfactory volume. Prices are unchanged,
except for print cloths, which are Lice
higher on steady demand and increasing
cost of cotton, which, in turn, is Ie higher
on light crop movement, good demand and
increasing speculative interest Raw wool
is quiet and unchanged. The new clip is
reported to be of good quality.
Raw sugar advanced 1sc at New York,
although extreme dullness characterized
the market, owing to the interruption to
business the first half of the week The
movement of refined was very quiet and
prices left of as one week ago. The price
Of coffee in speculative circles advanced "
@Sc on Thursday, on stimulating cables,
after a very dull week in all lines.
Business failures reported to Brddstreet's
number 151 in the United States this week,
against 181 last week, and 156 this week last
year. Canada had 29 this week, against 25
last week. The total of failures in the
United States, January 1 to date, is 4, 1896,
against Z, 1892 in 1888.