Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-05-03
A CHEERFUL OUTLOOK
Business Generally in q Better Con-
dition Than Last Year.
STRIKES ARE NOT A FACTOR
In Depressing the General Business Of the
Entire Country.
SILVER LEGISLATION
IGNORED
ESPECIAL TELEGRAM TO TIE prsrArcu.1

circles as existed q week ago. There is some
in the feeling. Throughout the flooded dis
tricts in the lower Mississippi river valley,
though the damage done and losses sus-
tanned there have been enormous. Rail-
roads expect to be able to run trains regu-
larly in short time, which stimulates
better feeling at New Orleans. In the
central West rain and cold have
DELAYED spring traffic and farmers
work, but an early improvement is promised.
AT most other business centers demand has
been fairly active. Leather continues to
show an upward tendency, and lumber and
other building materials are firm with a
good demand. The movement of drygoods,
hardware and boots and shoes Is full, and
that of wheat and corn eastward is very
heavy, and iowa farmers are in much better
spirits now they are getting 22c per bushel
for Indian corn. Cattle have advanced in
price at Western centers, some zoe per ewt,
while hogs have declined half as much.
THE STRIKE SITUATION.
Special reports to Bradstreet's from no
cities show that on May l there were 81
strikes at 46 cities, involving 1888 eIn-
ployes, most of which were for fewer hours
of work daily. At 63 cities strikes were ex-
pected, but did not take place. Strikes
during April numbered 160, involving 49,
030 men against 81 strikes and IL, 1913 men
in April last year. For the first four months
Of 1890 the strikes reported number 337, in
volving sc, ,947 employees, against 221 strikes
and 1924 employees involved in 1889.
Bank nlearings in April showed larger
gain over the like month in the preceding
year (when clearings declined) than for any
previous month since November. The total
clparings for April at 80 cities aggregated
A,723, 900. 900, or a gain over a year ago OF
10 per cent, and over March, this year, of
per cent. There we're two more business
days in April this year than last, owing to
the centennial celebration. The gain over
March this year is credited to improved
speculation and freer collections. For the
four months bank clearings exceeded last
year bv per cent, which in turn exceeded
1883 by 147 per cent.
ACTIVITY IN STOCKS.
The New York stock market shows in
creasing activity and advancing prices.
The speculation is assuming a wider form
than has been seen for some years, and the
prospective legislation from which it orig
mated is partially lost sight Of
There is no actual or widespread gain in
the iron or coal trades either as to demand
or prices, although at the West more &C.
tive demand has existed IT, n is felt else
where. Production of crude iron remains
very heavy and buyers know it. This is an
element oil weakne in prices of northern
pig iron. There is less uniformity OF belief
as to whether stocks oil pig iron are accumu-
lating or not.
Drygoods at the East are in fair demand
for the season. Request for staple cottons is
good and prices, aided by the recent advance
in raw material, are strong, with an upward
tendency.
WHEAT ADVANCED.
Unfavorable weather, reports Of damage
to the crops, backed by rather more encour-
aging cable advices, pushed wheat prices up
3@4c this week. Stocks here are decreasing
rapidly, notwithstanding free sales by arm
ers and movement eastward. Exports this
week, both coasts, counting -four as whest.
equal, 2,747 .048 bushels, against 892, ,93S
bushels in the like week last year, and
:, ,259, $50 bushels last week.
The total exported july to date is co.
i52, ,61S bushels, against 74,084, ,033 bushels
IN like portion OF 1888. The decrease of
AVAILABLE stocks of wheat, east of the Rocky
Mountains, in the United States and Canada
amounted to ], 100000 bushels last week,
Ind the outlook now is tor q smaller aggre-
rate available May than was reported a
rear ago.
DUN & co.'s REVIEW.
r. G. Dun & Co. s report states:
The outlook for industries and legitimate
rade is distinctly less favorable. owing to dam
ge to wheat and cotton and labor disturbances.
special cotton report from Memphis indi-
ates planting u per cent against 81 per cent
t this time last year; unfavorable weather in
O3 out of COS returns. ma terial injury from too
much rain and extensive loss from foods.
galveston crop reports are also gloomy, be-
au>e of rain. and st. Louis reports unfavora-
lie weather, while the markets at Chicago |
ave been much influenced by Information of |
injury to wheat.
From st. Paul, Omaha and Milwaukee re-
nrts of the outlook are more favorable, but |
hort crops of winter wheat and OF cotton |
ould be getting all trades next fall. 1t is most
that the labor demonstrations thus |
lr have led to no violence, and in number of |
likes has caused full or partial concessions.
PRICES A LITTLE LOWER.
The general average OF prices is nearly per
ent lower than week ago. notwithstanding a
se of 311& cents in wheat, due to reports of in
lry The exports both of wheat and -four
,ntinue large Corn made no advances dur
" the week and oats declined a quarter.
ork and lard advanced little by speculation
nd oil rose cents. Cotton rose three-six-
.enths. Coffee was unchanged. Raw sugar
id not change, but crushed was advanced an
ghth.
Iron was lower at Pittsburg. but with more
lies, and not changed at Philadelphia, but
outhern blocks were sold here ~ sl6 70 for
o. l. Steel rails are quoted at S35. buyers
,it ft1rf thar npt,n mai rEAf
ar iron is languid, for plates only fair. and for
rucrural not up, to expectations. A sale of
O00, 000 pounds Of lake cOpp"r to Consumers
as stiffened the price to l45sc, and tin is
lie prospect OF legislation. The reports from
her cities are generally favorable as to the
,lume OF business. and bank clearings show
Increase over last year of 10 per cent.
At Boston wool is stronger on some grades
lat are scarce, and a better demand is seen
les reaching 2,9O0.00 pounds. and YET no iiI-
'ovement whatever is detected in the market
II goods.
BUSINESS FAILURES DECREASING.
Money has not been disturbed this week.
here is much less complaint of slow collec-
ons throughout the Northwest. but consider
lie in some lines at Philadelphia, Boston and
ew York. Good crops and large sales OF farm
oducis have made things comparatively easy
the West, but the effects of two successive
zen winters are felt IN Eastern markets. bu |
ports of all products from New York are Is
II cent below last years tor APRIL while im-
'rts have shown an increase of lS per cent,
cts which Indicate heavy excess of imports
er exports for the month.
Business failures occurring throughout the
untry during the lasI seven davs are 2ll rs
impaired with 2lS last week. For the CORE
onding week of last year the figures were 2l4.
Do not fail to see page IA, Sunday Dis
itch.
NOVELTIES in mems fine neckwear at