Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-01-12

generally dull. This, however, is natural
at this season, and an improvement is ex-
pected. The railroad meeting quieted spec
ulation. Wheat and grain are somewhat
lower. r. G. Dun 6 Co do not look for
any marked decrease in the price of sugar.
ESPECIAL TELEGRAM TO THE DIsPATcH.l
New YORK, January IL. - Although
special kilograms to BrddStreet'S from lead
ing trade centers do not indicate any very
general Improvement in business, dullness
is the natural accompaniment of annual
stock-taking, and the reaction from the pc
culiar activity of the holiday season now is
merely wholesome development 1t is vet
too early for widespread or decided activity
to appear, but at New Orleans there has
been marked increase in the movement of
staple goods to the interior as well as Of cot
ton to market.
AT Burlington commercial travellers are
starting out, and at Boston some revival in
several lines is already apparent notably in
drygoods. At Chicago general trade is ex-
pected TO increase with colder weather, after
nOlID.
fairly active at the Northwest, and has been
checked at Kansas City and st. Joseph by mild
weather. Reports from the white pine districts
tributary to Chicago indicate shortage in the
log crop of 1889. Industrial conditions are less
satisfactory than last week, as strikes have
been quite numerous, embracing large num-
Der OF employees, Wage disputes are becoming
more prominent.
SLIGHT IMPROVEMENT.
Stock speculation was quiescent while the
great railroad settlement was in progress
Prices are improving little, but public opin-
ion seems to depend upon a fuller development
of the effect and probable success of the COM
pact. Bonds are firm and higher though an
tlcl pated defaults caused declines in a few
classes. Money at New York is easier Call
loans SQ4 per cent Foreign exchange is dull
and lower on the easy money market at Lon
don and the lowering of the Bank of England
rate. Demand sterling, s. SSIz604 SS1%
Bank clearlngs at 40 cities reporting to Brad
streets this week, aggregate Sl,OS9, ,2960OO,
against 81 l04 l07 S62 last week, and S9g2 624 3O6
in the second week of January, 1883. This
shows gain OF 81 per cent over the record
year ago, but decline of l3 per cent from last
week. The wheat and -four markets have
been duller, with reactions in price this week,
wheat declining PIC per barrel and -four 56lOC
per barrel The exports, both coasts. have
eQuaed IA 3SS barrels of flour and 0SS l39 BUSH
els Of wheat, the equivalent of 1892 3S5 bushels
of wheat last week and l S57 309 bushels in the
like week in 1855. There were but 81, 700 BUSH
els from four Atlantic ports this week, against
over 81, 900 bushels last week.
PaciTc coast shipments for the week ended
January ~ aggregated glS, 45l bushels and in
the preceding week only 81, ,2S bushels and
Sj6,942 bushels in the second week Of January
1855 Stocks of wheat at points of accumula-
tion in Australia, as cabled BrddStreetS, ag-
gregated 3lZS,OOO bushels on January i. At
the interior in farmers and dealers hands, there
are additional, but not large stocks of old
wheat The crop now being harvested in
Australia will probably not yield more than
A0OQOO0 bushels, sufficient only for colonial
consumption and seed.
DECLINE IN SUGAR.
Raw sugars close at New York and San Fran.
cisco l-l6G1sc lower on bearish foreign advices
land heavy receipts on the Pacific coast) with |
light demand, and only fairly free MEETINGS in (,
this country. Brazilian sdvices are for 6O0O |
tons shortage in exports against last year. Re |
fined has been 1sG1Ic lower, closing STEADY. |
At New Orleans however, sugar prices are !
trmer. Somewhat heavy arrivals of Rio and |
Santos served to offset the bullish tendency in |
coffee prices, based on advces from most for |
elgn markets. The decline has been from Ia |
%c
Cotton mill agents report slightly improved |
uCulduu 4OI BOOuS dJ lTm prices. Leading /
lines of fancy prints range at last seasons |
prices. A tendency to curtail discounts in |
ginghams is noticeable, and this feature tends |
10 delay operations. Print cloth is taken as
fast as offered, but prices are unchanged. |
Woolen goods note an increased inquiry The |
seasons prices for casimeres are not yet fixed. |
Higher prices for heavy weight goods tend to |
render business slow. Raw wool is in moderate
demand and firm, with stock small. The
feature in the iron trade is the cut of half cent
per pound, or Sll 20 per ton in beams, with the
option of either iron or steel, to stimulate con-
sumption. Steel rail mills have but little work;
not single heavy order this week. Lake Su.
perior ore looks weak.
Business failures reported to BradStreepS
number 337 in the United States this week,
against 2S6 last week and 3l2 this week last |
year. Canada had 2S this week, against o last
week. The total of failures in the United
States January ] to date is 49,, against Cos two
full weeks IN 1883.