Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-01-04

trade throughout the country The mnt
weather is largely responsible for this, having
a marked effect upon sales of coal. wooleI
goods and other seasonable staples. Through
out some Of the Western States it is reported
that low prices of farm products are counter
balanced in part by large yields of wheat anC
corn. and the excellent condition of live stock
Farmers IN those regions are said to have large
quantities of stock still TO sell But in tht
Southwest and on the Pacific coast, rains. sue
ceedtng dry weather at the Southwest, cause
uneasiness among country merchants as tC
large stocks of winter goods remaining unsold
Most varieties of hog products are stronger
on better demand at home and abroad. Pork
is in fair request and dressed hogs are Sl6 cent
higher.
MONEY is EASIER.
The New York stock market is frmer, on
easier money to-day and there is probability
OF more seasonable weather during the re-
mainder of the winter, thus pointing TO bet
ter trade in coal and other staples. Money has
been erratic, having twice touched 40 per cent
per annum on call, owing to a natural strin-
gency at this time. aided by manipulation.
Loans left OF at per cent last evening. Ster-
ling exchange has been weaker, and London
would have shipped gold to New \ ork had not
the Bank of England advanced the discount
rate from TO per cent, owing to the low state
OF It's reserves. Bank clearings at " cities Tor
lSSg aggregate SIS 724, SIS, al, as reported to
BrGdstreefs, lS15 per cent more than lSSS and9
~
creases as compared with 1888 or 1857.
Cereal products quite irregular. Flour
is in fair demand here and for export Wheat
mas been IN light request, put on lreeT call
from abroad, with reported lighter stocks in
the United Kingdom and IN Russia, is stronger
and up ss9zs cent.
GRAIN EXPORTS FOR THE YEAR.
Oats, too, are stronger and up 1Sc. Indian
corn, however, on freer movement at the in
terror and liberal offerings, is weaker and
trihe lower. Barley Is depressed and 1@2
cents lower on light demand. while ryes is
irregular in demand and price. Exports of
wheat, and of -four as wheat, from both coasts
Of the United States this week aggregate $685.
O54 bushels. against :, ,25l, ,6S4 bushels last week
and lOS6, 1853 bushels in the like week of 1889
showing a total from July l. 1889 to date of
54545,3l0 bushels, as compared with So, 100000
bushels in a like period one year ago, and with
T6O00. 900 bushels two years ago
STOCKS of wheat at nearly 900 points of &C
cumulAtion in the United States and Canada,
east Of the Rocky Mountains, on December 26
aggregated 81. .227 176 bushels, total not differ
ing materially from that reported one month
previously, when it was 81, ,455, 455 bushels One
year ago like stocks, as reported to this journal
amounted to 81, 740, 4O3 bushels. Stocks of In
dian corn at like points aggregated Is Al, 400
bushels last Saturday against 9.456, 959 bushels
month ago, and L, lS0.S79 bushels one year
ago. Stocks OF oats increased only moderately
during December, 1889. Stocks OF wheat -four
last Saturday were l657,676 barrels, against
-rNSo'S-1 OAO AlOubA Gk5Os auu AsAO%7 A1O DdIIc4c
one year ago.
IRON IN GOOD DEMAND.
The new year opens with continued conf
dence in the future of prices of iron and steel,
many consumers being anxious to contract for
future delivery 0or dates further off than
furnace and mill owners are yet willing to. 1t
remains true that the tendency toward boom
in iron is in sharp contrast to the situation in
some other lines.
Stock-taking and the holidays reduced the
volume of trade in drygoods. Regular trade is |
quiet Prices are unchanged, except for print |
cloths, which have advanced 1l6 of a cent. |
Wool goods are dull. Stocks of clothing car
ried over at Boston are large, owing to unsea-
sonable weather. Raw wool is dull. Territory |
woods are slightly weaker. Stocks of wool are |
heavier than year ago in leading markets.
Raw cotton IS dull and unchanged. Specula-
ton is slightly more active, with hardening
tendency, owing to lighter run of receipts |
and good export demand.
The total number of business failures in 1889
In the United States, reported to BrddStreecS
is ll.7l9. or l054 per cent more than in 1855 The
increase in liabilities is l6sz and in assets
~ $40 per cent The increase in commercial
deaths has been IS per cent when compared |
with 1881, the increase in the commercial and
industrial population during that period being
about as great. Liabilities of failing traders
have increased only 81 per cent as compared
with 1851
Dun's weekly review of trade says:
The new year opens with a most confident
feeling prevalent in all parts of the country,
and yet with some features which suggest espe-
cial caution. The money markets are strained
at the East close at Chicago Cleveland and
Detroit, and closer than before at Kansas City
and Omaha, but at other Western points fairly
supplied; but the advance in the Bank of En-
gland rate, and the signs of possible disturb
ances resulting from excessive speculation
abroad, render the monetary outlook here less
clear. The heavy disbursements for interest |
and dividends. estimated at s56 294, 7l6 at New
York alone, nearly 6 per cent more than last
year, Will doubtless give present relief Re-
ports from other centers of trade all show that |
unseasonably warm weather is having de-
pressing influence, but in other respects are |
generally encouraging.
Many iron and other mills temporarily are
closed for repairs Chicago fOots up trans
actions in 1889 amounting TO Sl,I77,0 ,00O
against 81 Ia, 10000 in 1885, gain of 31S per !
cent; in cured meats the gain has been 100 per |
cent, and in dressed beef, lard and cheese,
large; but -four receipts are smaller with an
increase in grain.
GOOD YEAR IN DRYGooDs.
The drygoods traoe was fully up to the pre-
vious years. with easy collections. ST. Louis
notes the largest holiday trade on record, and
receipts Of grain and produce limited only by
the transporting power of. the railroads At
there is uneasiness as to the near
future, and the weather causes slow collections
and similar fears at Detroit At Kansas City
and Omaha business is fair for the season. The
chief industries are, on the whole, unusually y
prosperous. 4
Afuler statement of cotton mills dividends \
Tor 1889 indicates that they were larger than in
any previous year OF specie prices. The leather 4
trade has become hopeful. and consumption of Z
Deots and shoes is prodgous. But over-pro- =
oocnon pushes prices too low for healthy n
pronts; The iron trade pauses at this season, b
put prices are firm at previous quotations. A
combinaton Of glass producers has raised the
price OF window glass higher than for the past
nye years, and expects to make the business
pronfable. Copper is selling at l4l< for Lake
Tor increasing consumption.
A CLOUD IN THE SKY. " y
The woolen business is still the cIoud In the d
Ky Stocks carried over at the chief cities Z,
prove to be p 100000 pounds more than a wear al
go and sales at Boston for 1889 were l35 600 600 e
pounds, against l66,0O0OOO for the previous | q
ear, decrease of nearly 20 per cent. Produce CT
markets have been dull The decline in prices
4 all commodities, from January to January fu
was about ~ per cent, and the range is nov al
little lower than in any previous January for o.
years. The average for 1889 was 4e2 per cent -
ei0w that of 1855
The stock market has been weakened nv
monetary pressure for the past two weeks bnt
he average of price is IS per share higher than
year ago. II
The Treasury has put out only 5000 more IL
han it has taken in the past week, the large gr
isbursements for the new year having not III
cen felt yet; but the available surplus has az
cen reduced So 1000 900 for the month Of De- bp1
embeT indicating large addition to circula. hs
ion. Foreign trade continues heavy, exports -
Or i've weeks at New York falling only Is per
ent below those Of the previous year, which 81
1dicates excess of $4,000 900 or more in ex- ID
orts over imports for December.
The failures in 1859 numbered I0,SS2 in the pa
.nlted States. or one in every 81 firms and =,
III in Canada. or one every As firms. The n
Egregate of liabilities was SI4S 7S4 3S7 in the
nited States, against Sl23S29 9S7 in 1888, and
ALE, 20 In Canada, against Sl40Sl, 1852 The 4
usiness failures during the last seven days =
umbar 322 Z
Fop a d,soroereo i've, ~ z.oon.u..ru,. 4