Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-06-15
SHIPPING WHEAT.

SHIPPING WHEAT.
San Francisco wires that inquiries for
wheat are received from Montevideo, that
so, 600 bushels have been shipped TO Rio Ja-
metro, and that the total of wheat stocks in
California June was only 8, 49,, 1888 bush
els, indicating that only 660, 900 bushels
will be carried over July 1. Australia has
been drawing wheat from New Zealand and
India as well as California. Hog products
are depressed on extraordinarily heavy re-
ceipts of hogs at prominent interior markets.
Drygoods are very quiet, but generally
strong in price at New York md Boston.
Cotton goods stocks are well under control,
and holders are confident Several grades
of bleached goods have been advanced.
Print cloths are in moderate sale, firm at
New York, but rather easier at Boston.
Woolen goods in moderate demand, but in
fairly liberal movement, notably underwear
and hosiery, prices we'll held. Flannel
manufacturers ask advance on present
values, and these goods are in satisfactory
movement. Foreign goods are rather
duller than usual. Raw wool is firm in
price, but active only in the country.
Manufacturers stocks are light. An up
ward tendency in prices is noted. Raw
cotton is good, domestic and export demand
at 1-16c decline. Speculation is excessively
dull. Crop prospects have improved.
Business failures reported to BrddStreet'S s
number 1876 in the United States this week
against 2o1 last week and 212 this week
last year. Canada had 20 this week against
25 last week. The total of failures in the
United States, January 1 to date, 8, ,440
against 4, 81 IN 1888.
DUN's WEEKLY REVIEW.
R. G. Dun & Co.'s weekly review of
trade says: The better feeling which was
observed a week ago in the iron and steel
and woolen industries still continues, and
improvement is now felt in prices as we'll
as in magnitude of transactions. Mean
while exports of merchandise increase, and
nevertheless gold goes abroad in large
amounts, about S., SOC, 900 having been or
dered to-day.
The news as to railroad properties is more
favorable. A proposition to settle the
Northwestern controversy on the basis of an
allowance of 90 per cent of through freight
to the Lake lines is expected to be accepted.
Other difficulties are in more satisfactory
shape, and earnings continue in excess of
last years. The general average of prices
has again advanced little.
Reports from other cities indicate i'm
prove ment in trade at Cleveland and Pitts
ks
at Philadelphia, but are otherwise but little
changed. Collections show no improve
ment on the whole. Especial activity in
leather has resulted from the floods in
regions where many tsnneries are located,
aud crop leather has advanced fully cents
since June 1. The glass trade of Pittsburg
is fair. For anthracite coal there is better
demand, with reduced output.
SOUTHERN IRON SALES.
The sales of Southern iron continue
large, and prices of pig at Pittsburg are
rather lower, but the Thomas Iron Company
has advanced its quotations to $17 for No. /.
Better prices are realized for structural and
plate iron, and at tenth of g cent better
for bar iron, while the larger demand for
steel rails has 30 stifened the prices that
SIS is now quoted. Part of the demand re-
sulting from the necessity of rebuilding
works. bridges and roads DESTROYED by the
food is but temporary, and yet the con-
sumption otherwise must be on a scale
hardly ever surpassed, since prices stiffen
with raw iron coming into market at the
rate Of more than Z, ,000, 900 tons yearly.
Breadstufs are stronger. Less favorable
crop reports are the pretext; probably ex-
cessive speculative sales are the cause.
Coffee has receded a quarter. Pork pro-
dnets and hogs are lower, but oil has ad-
vaneed IL cents. The rise in new sugar
continues, Al cents per 100 pounds for the
week, and refined has been marked up to
9X cents for granulated. No disturbance
results in the money market here from the
heavy exports of gold, in part because dur
ing the past week the Treasury has paid out
s., ,600, 900 more than it has taken in.
Business failures number $50, - COM