Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-08-30


tagged owing to the strikes, the weeks
trade is again over this time of last year,
ESPECIAL TELEGRAM TO THE DrsPArcH.,
NEW YORK, August Especial tele-
grams to Bradstreet's report:all of the evil
dences of increasing commercial and in
dustrial activity noted last week, the Sep
tember outlook being for an active distri-
button of staples. There are no definite
reports as to domestic crop shortages other
than were made public last week. Boots
and shoes are selling at prices materially
higher than year ago with the autumn
demand under good headway. Even raw
wool is firmcr, while other staples showing
relatively most activity are clothing and
seasonable drygoods. These reports come
from Philadelphia, Boston, Kansas City,
Chicago, Omaha and other distributing
centers. At New York very large autumn
trade is going on. The close of the fsca
year at the South checks business some
what, notably at New Orleans, but the
volume of goods moving is still large for
the season. Rains have checked the rice
movement there, but cotton is moving
freely. In some sections of Southwestern
Nebraska and Western Kansas the damage
to staple crops has been so serious as to
materially check purchasing.
AFTER THE COLLAPSE OF THE STRIKE.
Share speculation at New York is dull,
but values have improved on the easier tone
of the money market, and the collapse of
railroad labor troubles. Foreign interests
are again large buyers Of American stocks
and securities.
Bank clearings at 81 cities for the week
ended August % are 81, 09s. .708, ,SS1, gain
over this week last year of 1863 per cent.
New York City's elearings, which constitute
62.3 per cent of the grand total, are more
than those for the like period last year by u
per cent, while at so other cities the gain is
"a per cent. There is no advance in the
price of iron yet but an astonishing feature
is found in the ease with which the enormous
total output of the furnaces is absorbed.
Within year domestic stacks have pro-
duced more than 10000 net tons of iron,
placing the United States IN the front rank
as a producer. Anthracite coal remains
dull, as consumers are still disinclined to
order freely. Petroleum, after little spurt,
consequent upon listing about 100000
barrels of Ohio oil for investment and spec
ulative purposes, appears to have dropped
into neglect once more. Hogs are lower In
price on heavier receipts.
IMPROVEMENT IN CROPS.
Wheat has reacted Sc from the high
prices touched early in the week, and corn
and oats have, as is natural, sympathized
&Ln 10 tn
markets refusing to follow further at this
time the prolonged advance, in domestic
markets, together with some slight improve
ment in crop reports. Total export of wheat
(and flour as wheat both coasts this week ag-,
gregate 2,562, ,322 bushels, against 3,088, 9S5
bushels in the like week year ago, and
3, 489, 1856 bushels last week. The total ex-
ported since July 1. is 18, 1859, 475 bushels,
as compared with 1904 900 bushels in
like portion of last year, and 1876, 81
bushels in 1888.
Drygoods jobbers are actively engaged,
and agents are doing good recorder busi-
ness in fall and winter goods as a conse-
Quence. Cotton and wool dress goods are in
chief movement. Foreign goods show more
life, but are still behind the average in de-
mand. The movement of goods to the in
terror is very heavy. Orders for spring
work are more numerous with agents.
Mems wear woolens are in moderate call.
The market for worsted is overcrowded
with English goods. Manufacturers are, as
a consequence reporting light demand,
and are slow buyers of raw wool.
DROP IN BUSINESS FAILURES.
A great deal of wooden machinery is still
sk05Sc off in all markets on continued
of the old crop, heavy new crop
and good advices from producing
sections. New crop deliveries are we'll
held Business failures reported to Brad
streets, number 134 in the United States
this week, against 160 last week and 176
this week last year. Canada had 36 this
week against 20 last week. The total
number of failures in the United States
since January 1, 1890. is 6.797 against
Z ,6O3 in like portion of 1889.
r. G. Dun & Co.'S weekly review of
trade says: The great relief in the money
market here caused by Treasury purchases
of Az per cent bonds; the refusal of the la
Dor Federation to take up and extend the
strike on the Central road, and the prospect
that the Senate will soon reach final action
on the tariff bill have all tended to improve
the state of business. At the same time
the better crop prospects have brought
distinct reaction in the speculations which
most retarded exports. This, while the
volume of domestic trade continues greater
than in any previous year at this season,
bank clearings for August outside this city
exceeding last years by q per cent, the out
look for the future is clearer and brighter.
WOOL Is FIRM.
Wool sales at Boston reached 3.0O5. 900
pounds, and many mills having substituted
Territory warp for fleece wool in use, the
market for fleece has been weak. Better
orders for wooden goods are reported by the |
mills. A fair trade continues in cotton
goods. Copper is irmer again, after large |
sales at17 cents. Tin has advanced half q |
cent, and lead is stronger at 81 TO- The |
boot and shoe trade is large and active.
The past week has witnessed some further |
improvement in the demand for manu- |
factured forms Of iron and steel plates, and |
mills being crowded, with better
prices in some cases. But the pig iron |
market, according to private accounts from |
is badly disorganized at |
present, and is not stronger here, the doubt |
whether production has not much exceeded |
The demand affecting the views of buyers.
5tagnation prevails in the coal trade, and it |
IS admitted that May prices still rule in
actual sales. The restriction of output re-
,tricts very imper ectly, the total this year,
o August 16. being only $50, 900 tons be.
hind last years record.
FAVORABLE ALL OVER THE COUNTRY |
Accounts from other cities are even more |
ayorabie than usual, excepting money |
markets. Boston notes especial activity in |
Gather. At Philadelphia collections in
many branches are rendered slow by none
AIRY pressure. Chicago, on the contrary,
reports money plenty at 6 per cent ON call.
md collections easy, better trade than
asst year in dry goods and clothing. a re-