Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-11-16

q exceeds that OF any previous year.
ESPECIAL TELEGRAM TO THE DIsPATCH.l
NEW YORK, November 15.-Special tele-
grams to Brddstreet's point to only a mod
crate degree of activity in general trade
throughout the country. This is in part a
seasonable condition, though unfavorable
weather has had some influence. The mar
keting Of sugar and of cotton is quite rapid.
The output OF Louisiana sugar is reported to
be less than last year. Holiday goods are
selling freely. While iron maintains all
previous features of strength, special buoy
ancy is noted at Cincinnati and st. Louis
Hogs and cattle are weak and lower. Ar
rivals OF the former at interior points are
heavy. Dressed hogs are off 5S95Sc. Lard
and pork are about steady. The mild wealth
er checks sales of coal, and those of dry
goods, boots and shoes at Western centers
have fallen off as well.
While the bears maintain their assaults on
the trusts, easier money and the favorable
railroad outlook tend to create improvement
in the speculative position and action of the
regular share list That bonds are strong
and activity is noted in many classes OF
railroad mortgages. Money at New York
is steady at around per cent on call, with
considerable demand for time loans at the
same figure. Foreign exchange is frmer on
increased inquiry. Demand sterling 4859
1851.
LAST YEARS RECORD BEATEN.
Gross earnings of 14O railroads for October
and for ten months, specially reported to
BradStreet'S S, show fo1the month a gain of 1872
per cent over October 1888, and for the ten
months an increase Of 10.4 per cent, with an
increase of 1.8 per cent in aggregate mileage.
Buyers of crude iron are absorbing at full
prices all of the $4,000 tons weekly addi-
tional production noted within five months,
and in many instances for future delivery.
Bessemer pig is in extraordinary demand,
and steel rails are quoted at S33 at the East,
with the likelihood ofan earl y advance to
S95 Steel billets are higher. Slabs are up
81. Copper is quite active and higher, sell
ing at 121% cents for lake.
Domestic stocks are much depleted.
Prices of breadstufs are all higher-wheat
1s5913zc, corn 1595sc and oats 1@11%c.
Freer speculative purchases of wheat and
increased clearances last week served to
stimulate wheat in the face of freer receipts
at all points. large stocks on passage and
weaker cables. Unfavorable weather affected
receipts of corn and oats. Rye advanced in
part on the export movement, and word has
come that German and Russian rye crop
advices are unlaYorable. The exports of
wheat (and -four as wheat) from both coasts
for six DAYS ending to-day aggregate 2,591,-
$50 bushels, against 2, ,131, ,334 in the previ-
Gus week, and 2, ,0S2, ,61S bushels in the like
week last year. The total shipped abroad
July l, to date, is 3S, ,957, 300 against 43 $685.
600 in like portion of 1888, and 81 ,263, 900
in 1887. The bulk of the increased move
ment is from San Francisco, Baltimore and
New York.
SUGAR IN BETTER DEMAND.
Refined sugar has been in better demand,
with granulated 1-16 cent higher. Raws
were also in better demand and left off firm
at last weeks figures. The domestic con-
of sugar for the year ending Octo-
Der 81 is $1,000 tons less than last year, 21S |
per cent. The country is said to be "bare |
of stocks of refined" Stronger cables, with |
buoyant European coffee markets, stimu- |
lated trading here and prices advanced q |
to / cent
Drygoods prices continue strong at New |
York and Boston, with an upward ten
dency In brown sheetings and wooden dress |
goods. The general demand compares well |
with previous seasons, except in mems wear |
woolens. Bad weather has checked distri- |
button by iobbers Raw wool is unchanged. |
The report of the Agricultural Department, |
a probable gain of cotton |
yield of 3 per cent over last year, depressed |
prices of options.
Business failures reported to BrddStreet'S
number 217 in the United States this week, |
against 24S last week and 178 this week last |
year. Canada had 80 this week, against As |
last week. The total of failures in the
United States January to date is 9,848, |
against {, $40 in 1888.
R. G. Dun & Coz weekly review of trade |
says that business has been brisk and un-
precedented in volume.
LARGEST CROP YIELD YET.
Long ago it was held that the years re-
suits would turn upon the crops, and it is |
now certain that the yield has been on the
whole about the largest ever known. The
question whether the wheat yield is 20, 000,-
900 or 100000 bushels below the maxi
mum is not important; the cotton crop will
much exceed any previous one, if the latest
official figures are correct; the corn crop will
exceed any preceding by loo, 600 900 to 2OO.-
100000 bushels; the oats crop is also the
largest ever known, and the shortage in
potatoes and fruit is immensely over
by the gain in meats. The ex-
ports of provisions and cattle in October
showed, against last year, gain of 6S15 per |,
cent. The bank clearings show the increase
st New York was 80 per cent Tor last week;
at Boston, Philadelphia and Chicago IL per
cent and at all other cities IS per cent.
The capacity of iron furnaces in blast No
vember 1, was much the greatest ever
no less than 165,765 tons weekly,
against Isl, ,059 on October l, gain of near
" 10 per cent for the month; and against
l41 ,064 on November l, 1888, gain of 17.5
per cent for the year.
GREAT BRITAIN IN THE REAR.
The weekly production is now greater
han that OF Great Britain and close to the
greatest ever recorded in that country, being
It the rate of about 100000 tons yearly,
Ifter allowance for difference be-
Yet no excess of production has been
perceived, and prices are firm at the recent
Idvance, an actual but small sale of rails at
SO being reported, bar iron being strong at
90, nails in fair demand at 210, and plate,
trGctural and sheet mills full of orders.
The one point of doubt is whether the war
ant system may not operate for the time to
onceal an excess Of output over consump-
ion and thus prepare for disastrous reaction
ster. The coal business is still dull. Cop
yer has risen to 121S bid for lake. Lead is
lull, and tin weaker at 21A.
Woolen goods are moving fairly, and at
oneessions in price. Manufacturers have
'een buying more freely. 1t is also re-
,orted that importers sales of spring goods
AVE been the heaviest ever known, which,
true, threatens more competition than the
manufacturers have anticipated. The boot
nd shoe trade continues large, with steady
'rices, and leather is steady The clothing
BUSINESS is dull at Philadelphia, with hard
objections, and dull at Chicago also.
PRODUCT sPEcULATIoEs ACTIVE.
Speculation in products has been more
ctive, with some advance in prices. For
ign reports helped a rise OF 2 cents in
Theat but it came out on Thursday that
eSvy operators who were buying at Chi