Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-10-18
PROSPERITY RULES.
The BradstreeI and Dun Agencies
Report Business Good.
RAILROAD EARNINGS DECREASE.
Number of Business Failures Growing Ap-
preciably Smaller.
BIG BOOM In CHICAGO PORK PACKING
ESPECIAL TELEGRAM TO THE p1srArcH. !,

ESPECIAL TELEGRAM TO THE DIsPArcH.i
NEW YORK, October IA still more
pronounced gain in the volume of trade
distribution is indicated by special tele-
grams to Brddstreet's this week. Reports
of an enlarged trade in dry goods and cloth
ing, boots and shoes and groceries, and
manufactures of iron and steel come from
leading points West, South and Southwest,
but notably from Chicago, Cincinnati,
Omaha, st. Louis, Dallas and New Orleans,
while at st. Joseph, Houston, Philadelphia
and Boston the movement is of large and
satisfactory proportions.
At San Francisco trade is good, but is in
terfered with by the hot political campaign.
The movement of sugar and cotton at New
Orleans is large. Leather is steady in most
markets, with further accumulation of
rough grades. Receipts of cattle and hogs
at Omaha and Kansas City are smaller and
prices are up 10 cents. Iron and steel are
steady and unchanged in the East, while
active and tending upward in the West, ex-
cept for Lake Superior pig iron.
ACTIVITY ALONG THE LINE.
Collections rule fair to good. The paper
trade is active and production is increasing.
At New York general trade is active in
nearly all lines, particularly in wool. glass
ware, foreign drygoods, furniture, carpets,
groceries, jewelry, paper, fruits and con-
fectionery. Prices are generally firm with
an upward tendency. Glove importers
have agreed to advance quotations on many
grades. Building materials are recovering
from the late brick boycott. Spruce and
pine lumber is 81 off on removal of the
Canadian export tax. Dealers in Maine ice
have lost money this year. Liquidation of
foreign holdings of American stocks caused
further decline in share values.
Net railway earnings for August make
poor showing, rejecting unfavorable inf1u-
ences OF low rates. The total net earnings
OF 103 roads Tor August aggregate SIS, 1922
203, adecrease from August last year OF 81
per cent. In August of last year the gain
in net was % per cent on all roads, Net
earnings OF 100 roads for eight months aggre-
gate S12O, 161, ,974, gain OF IA per cent over
last year, which in turn gained 9.3 per cent
over 1885,
BANK CLEARINGS.
Bank clearings at So cities for the week
ended October 16, are 81, ,346, 366, 924, an in
crease over this week last ear o. 1874 per cent.
New York City's clearings, which consti-
tute 61.2 per cent Of the grand total, are
more than those or the like period last year
by As per cent, while at the other 50 cities
the gain is -. per cent.
Drygoods are fairly active at all Eastern
markets, and in improved demand at the
West. Cotton mills are busy, and goods are
generally in GOOD position. Print cloths are
the only goods in unsatisfactory shape.
Prices are unchanged. Men's-wear woolens
manufacturers are well supplied with light
weights.
The Boston iobbing demand is more ac-
tive. New York's trade or the season shows
gain over last year. Collections have i'm
proved also. The Southern demand has
been larger than ever before. Every depart
menr of ioreign goods is active Wholesale
clothiers have had a good year. The cloak
trade has opened well. Wool is less active
at the East, but still moves freely in all
markets. 1t is sellers market. and prices
are strong. Weak Liverpool and con-
tinental advices, with free receipts, have
depressed cotton values 1sc this week, off
setting rumors of frost damage to the grow
ing plant. Speculation was active at the
decline.
THE GRAIN TRADE.
Good crop reports, increased receipts and
long selling depressed wheat and corn early
in the week, but the loss was regained later
on light receipts wet weather. better
cables and short covering. Wheat closed
1sc higher on the week. Oats are Sc
up on the week. Speculation at New York
was very light. The increase OF available
wheat last week was 2, 1876, 1853 bushels.
Hog products were dull and weak early,
in sympathy with grain, but strengthened
later on on smaller receipts at the West
Raw sugar is 1-16 higher ON large MEETINGS,
light receipts and rapidly decreasing stocks.
Refined is unchanged. The autumn shut
down of reineries has begun. The Louisiana
crop is moving more freely. Quality and
price are low. Coff e is unchanged on
actual consumptive demand. Petroleum is
in good demand for export, and is Is points
higher on the week. Speculation is more
active at an advance OF 1c.
Business failures reported to BrddStreet's
number 1T in the United States this week,
against 1888 last week and 205 this week last
year Canada had 20 this week, against 80
last week. The total number of failures in
the United States from January TO date
is 1885, against S,942 in a like portion of
1889.
B. G. DUN'S REVIEW.
R. G. Dur & Co.'s weekly review of
trade says: Ali directions o. business out
look improves; the volume of trade so in
creases that notwithstanding the recent
enormous increase OF circulation, the money
markets are growing stringent. Exports
have become remarkably large, and the
domestic trade is such that exchanges out
side New York exceed last years by Is per
cent. But while New York and Boston
money markets are fairly supplied and
steady at to 6 per cent, the market is tight
at Chicago and stringent at Philadelphia,
only part of the commercial paper offered
being taken at 6 to per cent, St. Louis
notes an active market at 7 to 8 per cent,
Milwaukee 3 close market at Z, and Savan-
nah tight market But at Cleveland and
Detroit the markets are rather easier; at
Kansas City firm. At Denver a good de-
mand is we'll supplied. At Omaha the
market is easy, and at Pittsburg there is a
good demand without stringency.
TRADE IS STRONG EVERYWHERE.
AT Boston wool is rising and goods in bet
ter demand, while cottons are selling well
and firm. At Philadelphia wool is more
active and slightly higher. The output of
cottons is increasing. There is an increase