Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-05-24
THE GENERAL TRADE
Of the Week Closed, According to
Bradstreet and Dun,
SHOWS MARKED IMPROVEMENT.
Hope is Expressed of Good Crops in the
Louisiana District.
STEEL AND IRON TRADE LOOKING UP
ESPECIAL TELEGRAM TO THE DISPATCH.

ESPECIAL TELEGRAM TO THE DIsPATCH.l
NEW YORK, May 23.-Special kilograms
to Brddstreet's report fairly active dis
tributive movement in general trade circles
at most of the more important interior trade
centers. A noticeable activity is shown at
Omaha, with large and increasing country
orders and bright agricultural prospects in
the surrounding region. At Memphis the
feature is in the increased demand for plan
tation supplies, and at Boston the better re-
quest for cotton goods at enhanced prices,
due to higher prices for raw material.
Mercantile collections West and Northwest
are irregular. with the tendency toward
greater ease.
An increased demand from country mer-
chants is reported at New Orleans, and the
recently overfowed district is said to be
rapidly recovering from the effects of the
floods. New wheat has been received at
tide water, California, earlier than ever be-
FORE Lard and meats are weaker, and cat
tie and hogs SOLO cents lower on heavy re-
ceipts. Coffee on better consumptive de-
mand is quoted 1sc higher.
REACTION IN NEW YORK STOCK MARKET.
Exhaustion Of buying power and dis.
couraging rumors about silver legislation
has caused a reaction in the New York stock
market. Easier money and important rail-
road combinations were powerless to check
this tendency. Bank clearings at 30 cities
for the week ending May %, aggregates
81, ,397. 739, ,476, gain over last week OF At
per cent, and over this week last year of Is
per cent.
A feeling exists among iron and steel
makers that an improving demand will
show itself in June. This is based partly
upon the fact that for months past. under
the downward tendency in prices, only
pressing requirements were met, and, there
fore, conditions are now favorable for an
expanding demand to cover heavier sum-
mer requirements. 1t is further stimulated
by word from Pittsburg that steel billets
have advanced 81 per ton and that pig iron
makers are declining orders for fall deliv-
cry at current rates.
Unfayorable wheat crop reports have sent
the price up 12l@3c per bushel in spite of
smaller weekly decrease In the quantity
available. Oats, too, advanced fract1onally.
Indian corn, under free offerings and ship
ments, declined 11@34c. The weeks ex-
ports of wheat (and -four as wheat), both
coasts, continue heavier than expected by
those who watch only Atlantic port ship
ments, amounting to 2,373,994 bushels,
against ], ,564, ,091 bushels in the like week
of '89, and as compared with 1, 785, ,066 bush
els last week.
= DRYGOoDS IN BETTER DEMAND.
The total exported July to date equals
sc, 484 94S bushels, against 78 873, ,304 bush
els in a like portion OF 18SS-89. Farmers de-
liveries, both coasts, for two weeks past
have fallen short of exports and home con-
sumption by only about 1000, 900 bushels
weekly, showing increasing sales on their
part. - \ -
Drygoods are In better demand from
agents, staple cottons and cotton and wool
dress goods particularly so, and trade as
whole compares we'll with that of last week
when the flannel sales checked outside
business. Flannels and blankets have been
in active request from jobbers, who report
mail order demand in the regular wav rela-
lively more active than that by personal
selection. Large jobbers also report fairly
good demand for package lots.
Cotton goods prices are as firm as before,
and some makes of brown and bleached
goods have advanced I@Ic on the week.
Mems wear woolens are slow of sale. Un-
certainty as regards tariff legislation adds
to the between-seasons quiet in foreign
goods.
RAW WOOL IN FAIR DEMAND.
Raw wool is in fair demand and &c
higher on light stocks. Holders at primary
markets demand high prices. Raw cot
ton is 7-16c higher on heavy speculative de-
mand for short covering and small domes-
tic stocks.
Business failures reported to Brddstreet's
number 1856 in the United States this week
against 151 last week and 140 this week last
year. Canada had 2S this week, against 16
last week. The total number of failures in
the United States from January 1 to date is
4,627, against 1929 in life portion of 'S9.