Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-10-11
Review of the Weeks Trade Shows
General improvement in Various
Branches of Business,
STIMULATED BY THE NEW TARIFF,
Consumers of the Weed Will Shortly
Pay Higher Prices for I'm.
ported Cigars.
PIG IRON REPORTED TO BE STRONGER
Fairly Satisfactory Statement Of Dealings With
Foreigners.
ESPECIAL TELEGRAM TO THE prsrAroH.,

NEW YORK, October 10.-General busl-
ness as reported in special kilograms to
Brddstreet'S has been somewhat active dur
ing the week, noticeably in groceries, gen.
eral dry goods, clothing and hardware.
In some instances the new tariff law has
been reported as the stimulus, particularly
with reference to cloths and clothing. Cot
ton and wooden goods manufacturers in
many instances look confidently for higher
prices at an early date. The late advance
in boots and shoes is sustained, though
rough leather is accumulating and is lower.
Tobacco is active and prices tend upward.
Under the new tariff, imported cigars will,
1t is reported in the trade, cost 8 cents more
apiece, and American made cigars of i'm
ported tobacco cents more apiece. An
early advance of prices of cigars is expected.
Almost all farm produce is in active de-
mand at generally advancing quotations,
and fruits are all marked up and decidedly
scarce.
ANTHRACITE HIGHER.
Anthracite coal costs 10 to 10 cents more
per ton than il did a week ago, and is mov-
ing freely. Salt meats are in demand West
and South at improving prices. The move
ment of barley from the Pacific coast to the
East, via the water route, has begun again
at San Francisco. Hogs and cattle are
lower or unchanged at Western markets.
An extensive and severe liquidation of spec
ulative interests has disturbed and depressed
the New York share market. The move
ment has apparently exhausted its force, but
results in nervous and uncertain speculative
conditions, though prices show some ten
dency to improve.
September gross railway earnings are
more encouraging than those for August as
an increased gain is shown over September
last year when transportation was very
active. The Southwestern, Southern and
Granger companies make the better exhibit
in the order mentioned. The trunk lines
are the only group showing q decrease from
September year ago. Only one-seventh of
the companies reported show decreases, and,
except the New York Central, these are
small.
RAILROADS GAIN.
Total earnings of 143 roads for September |
aggregate S41, SOS. .4S2 on a total of s6,97s |
miles, q gain OF ~ per cent in earnings and |
2.8 per cent in mileage, the gain in earnings |
being the smallest except August of any |
month in 1890. For nine months earnings |
aggregated 1921 .654, 982 on total of SO, 731 |
miles, gain of 10.1 per cent in earnings |
and 2. per cent in mileage. Last year the |
gain in earnings for nine months was SO |
per cent.
Bank clearings at So cities for the week |
ended October are 81, ,206, AT, ,6S3, de- |
crease from this week last year of At per |
cent. New York City's clearings, which |
constitute 5S.2 per cent of the grand total. |
are less than those for the like period last |
year by 1874 per cent, while at 81 other cities |
the gain is 15.6 per cent.
The foreign drygoods market is benefited |
by the settlement of tariff legislation. De-
mand is active and prices tend upward
Domestic dress goods are in fairly active
call from agents. and some low grades are
stronger in tone, foreShadowing an advance.
Prices, as whole, are firmly held. Woolen
mems wear goods are stronger in tone. |
Print cloth production has been curtalled |
and prices are steady. Wool is active on |
immediate consumption demand, and lower |
grades are 1c higher, while prices generally |
tend upward.
WHEAT ADVANCES.
Wheat has advanced 2K cents, corn "
cents and oats 1 cent on the week, notwitk-
standing the reaction following a sharp |
advance. Stocks of wheat available in |
crease very slowly, only one-quarter as fast |
as they piled up in October, 1889. The
increase of available wheat last week vas
l, III 600 bushels. Exports of wheat (both |
coasts and -four as wheat) equal ], SIG, 759 |
bushels, for which Pacific ports are
largely responsible. Last week the total |
was /, 59S 900 bushels and one year ago l, 845,-
SgS bushels. The total shipped abroad July
l to date is q, ,276, $50 bushels. In like
portion Of 'S9 it was 1855, 105 bushels
There have been l, 126, 435 bushels of Indian
corn exported this week, against SIG, 449 BUSH
els last week. Small stocks of raw sugar re-
strict sales. Raws are quiet, strong and un-
changed. Refined is in good demand and
refners are closely sold up. Brazilian
coffee moves in a narrow way, both specula-
lively and fractional lots. Prices are un-
changed. Mild cOfees have manifested
more strength and regained some of the late
declines.
Business failures reported to BradStTeet's
number 163 in the United States this week,
against 1872 last week and 243 this week last
year. Canada had 80 this week against
26 last week. The total number of failures
in the United States, January to date is
T.SOS, against s, 737 in a like portion OF 1889.
BETTER IN ALL BRANCHES
r. G. Dun s. Co. s weekly review OF trade
saws: Business in all branches shows i'm
provement. Prices of commodities are a
shade stronger than a week ago, grain and
oil having advanced with many kinds of |
manufactured products, but the general ad-
vance since October is not quarter of one
per cent as yet. The movement of COM
modities is very heavy, the money market is
nowhere a source OF embarrassment and the
feeling OF confidence everywhere increases.
AT Boston business is good, with ad-
Tanced prices of many articles, as trade is
adjusting itself to changes of duty. Phil
adelphia reports an advance in wool and
good trade in groceries. The iron trade
there and at Pittsburg is unchanged, the
glass business is we'll sustained and lead is
material or speiter have suspended opera
tions.
PIG IRON STRONGER.
At Chicago the grain trade is slightly
below last years with moderate increase in |
-four, nearly so per cent in cured meats and
q volume of business in all lines of merchan-
disc iully up to last years. All lines are
strong at St Louis, and very fair at Detroit.
Trade is good at Milwaukee, st. Paul.
Omaha and Denver, and satisfactory at
Kansas City. Southern reports are gener-
ally bright the movement of cotton being
early and large.
The great industries are gaining. In
spite of the enormous output of pig iron the
tone is stronger, and at Philadelphia Mill
iron is 25 cents higher. Consumption gains,
and, until navigation closes, increasing
strength is expected. Bar, sheet, structural,
and wrought pipe works are crowded. The
trade here is weak only in mill and Bessemer
iron, but no pressure to sell. Wool is NOV
ing at better prices at Philadelphia and