Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-03-23
BUSINESS Is BETTER.
Bradstreet'S Reports Show a Slight
but General Improvement
PREVAILING In ALL SECTIONS.
Dun's Review, However, Says a Reaction is
Affecting Pittsburg.
NO LIGHT on THE IRON SITUATION

NEW YORK, March 22.-The moderate
gains in the movement of general mer'
chandise throughout the country reported
In special kilograms to BrddStreet's last
week still continue more consp;cuously al
Chicago, Omaha, st. Joseph, Kansas City,
Burlington, Louisville and Cincinnati. All
through the West, too, pleasant weather i.
having an effect upon trade, Northern Mis-.
souri, and Iowa centers report improving
mercantile collections, but Southern and
some central Western cities note no special
change.
Farm work is progressing at the South.
Florida is shipping fewer vegetables, owing
to loss from rain. Groceries, boots and
shoes and hardware are relatively in most
active request throughout the country.
Rain in Kansas and California has greatly
improved the crop prospects.
The subsidence of unfavorable foreign in
fuences lead to covering of shorts and
strengthens the New York stock market,
though the absence of public support oc-
casions du,lness and liability to a sagging
tendency. Bonds are dull though some
what stronger.
MONEY EASY.
Money at New York is easy on call, but
in banking circles the impression is that a
frmer market will be seen about April 1.
Call loans are to 21z per cent. On time, 4
to AZ per cent are demanded for all dates.
Foreign exchanges firm. Demand sterling
81 64% to 81 SO; 81 ,OOO, 900 gold was or
dered from export on Fridays.
u L. nak -, -, -
iron trade. Quite a number of crude iron
makers in both Northern and Southern
markets, have recently accepted contracts
for iron for future delivery at the lowest
prices ruling the season, while many others,
who have more or less confidence in an i'm
proving demand and better prices, are de-
clining to sell for the more than current re-
quirements.
As announced last week, further cuts in
anthracite coal have followed the formal
reduction in price. A new agreement, in
volving an allotment of production with
out penalties for infraction) is being dis
oussed. Petroleum is fractionally higher.
There is no improvement in the general in
dustrial situation except that the strike at
Fall River does not promise to last long.
DEMAND FOR DRYGOODS.
Drygoods are more active at Boston, but
less so at New York, with aggregate sales,
owing to bad weather, less than last week
at the the latter market. Agents report a
moderate spot business with recorders of fair
volume. Woolen goods are quiet. Prices
Of print cloths are nearly 1-16 cents higher
owing to the Fall River strike. Prices Of
several makes of staple ginghams have been
n Trln al nj af IN
River is only 10000 pieces per week, against
LIS, 900 pieces before the strike.
Interest has centered in the auction sale
of ], 800 cases of ginghams at New York.
Prices were satisfactory. Raw wool is in
hand-to-mouth demand and last weeks
prices. Raw cotton is go lower; very
heavy crop movement discourages specula-
ton. There has been a reaction in the
breadstuff markets. the lowest prices being
made Tuesday on heavy realizing or hqui-
dating sales, when over $4,000, 900 bushels
were traded at New York alone
Wheat went down to 911Sc, q loss of over
6 per cent per bushel within a fortnight. A
few export orders, notably from the United
Kingdom arrived, but prices were speedily
pushed up again, closing 1%c above Tues
days level. Flour has declined 15025c per
barrel on weaker demand and full output
Indian corn is heavy and Xc lower, not
withstanding the government report Of ex-
ceptionslly small stocks remaining March 1.
A GAIN IN EXPORTS
Exports of wheat, both coasts, this week
are 52S, ,366 bushels, 109, 900 bushels more
than last week, and Of -four 162, ,552 barrels,
gain of As, COO barrels. New York's wheat
exports are heavily increased, over 210, 900
bushels, but San Francisco shipments de-
elined 135, 900 bushels on the week. Exports
of corn aggregate over 100000 bushels,
100, 900 bushels more than last week, 725.-
600 bushels going from New Orleans One
year ago the weeks shipments of wheat
)and four) were over g ,000, 900 bushels, and
of corn 800, 900 bushels. Our advices are
that Australia will have less than 5000, 900
bushels for export, as compared with TO-
SOC, 900 bushels last year. San Francisco
has contracted to ship 100000 bushels of
wheat to Sydney.
A free and confident movement in raw
sugars, in the face of relatively light stocks,
advanced prices 3-169Lc. Refined ad-
vaneed on Friday Zc on scarcity of raw.
At San Francisco refined has advanced &c
to nc. At New Orleans raw has advanced
&c. Coffee has receded about <c on de-
pressing influences, chiefly better crop
weather and receipts in Brazil and inter
ruption TO speculation in France due to
financial trouble there.
Business failures reported to BrddStreet'S
number 242 in the United States this week
against 1876 last week, and 1877 this week last
year. Canada had 3S this week against 40
last week The total of failures in the
United States January l to date is 1886
against 2, 1913 in 1888.
DUN's WEEKLY REVIEW.
d O. n d