Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-09-13
ESPECIAL TELEGRAM TO THE DrsrArcH.,

ESPECIAL TELEGRAM TO THE DISPATCH,
New YORK. September 12.-Special tele.
grams to Bradstreet's indicate that in lead.
ing staple lines at the principal distrib-
uting centers the movement Of merchandise
and produce is seasonably active. 1t is
brisk at Kansas City, New Orleans, st.
Louis, Omaha, Chicago and Memphis, but
has been checked through the Intervention
of two holidays at San Francisco.
AT Duluth, where the outlook is for de-
creased shipments this season OF No. hard
wheat, general trade is fair, and at Cincin-
natl the customary activity prevails. Lum-
Der is weaker at Boston on account of heavy
stocks Boots and shoes maintain the
activity previously noted, but leather is
quieter though firm. General trade has
taken favorable turn at Philadelphia,
more strength being claimed for iron and
textile products, with the prospects better
for an early improved demand for coal.
Petroleum has continued dull, with de-
clining tendency. Cattle are in generally
heavy supply at Western cities, but hogs
have been less fully shipped, and are up Sc.
Raw sugar is 3-16c up on good refining de-
mand and strong statistical position. Re-
lined is 1sc higher on active demand.
GAIN OVER LAST YEAR.
Bank clearings at 81 cities for the week
ended September II are 81 ,103. .987, ,658. a
gain over this week last year of per cent.
New York City's clearings, which constitute
500 per cent of the grand total, are less
than those for the like period last year by
4.6 per cent, while at 30 other cities the gain
is IA per cent. Stock speculation at New
York is In demoralized condition, owing
to the stringency of the money market. and
share values have declined sharply, the corn
carriers and some of the trusts being espe.
ciallv weak.
The grain markets were greatly stimulated
by the unfavorable Government crop report.
and prices are uD 5@6c per bushel on wheat,
corn and oats. Trade calculations on the
department report as to condition and acre
age, point to total crop of 400, O0O 900
bushels of wheat. Available supplies in
crease very slowly East of the Rocky
Mountains, but so fast in California that
available transportation facilities are unable
to meet the demand. Frost has appeared in
Nebraska, but crops there are out of further
danger.
SMALL EXPORTS.
Exports of wheat continue yery small
from Atlantic ports, and if calculations as
to the crop shortage find acceptance. are
likely to remain small, except at higher
prices. Shipments from both coasts this
week aggregate 1, ,4S0, ,058 bushels-22. OPS. .205
bushels since July 1. This is compared with
!, ,426, 522 bushels in like week of '89. and
20, 49,, 1854 bushels for IL weeks in that wear.
Last week exports were 1876, ,672 bushels.
Indian corn shipments abroad this week
equal 457, ,029 bushels, against Cog, 6O8 BUSH
els last week.
August railway earnings show a moder-
ate gain (3.96 per cent? over the same
month last year, when the general transport |
tatlon movement began to increase heavily.
Total earnings of 145 railroads for the |
month aggregate sas. 857, ,567 on an increased m i
mileage of q per cent. The Southern and |
Southwestern groups show heaviest gains.
The Rock Island and Wabash systems ac. |
count for " per cent of the total loss shown |
BY 81 roads, while only five systems (the |
Atchison, Richmond and Danville. St |
Paul, East Tennessee, and Denver and Rio |
irande) show gains in excess of S1O0, 900
zach. The earnings OF 139 railroads for
light months aggregate $3.50, 428, ,435 on a
otal OF 82,917 miles, gain OF 1915 in earn
ngs and 2.2 per cent in mileage over 1889.
RAW WOOL STRENGTHENED.
Drygoods are in full average demand at
Eastern markets. More activity is re-
ction is visible at New York. Agents are
oing moderate spot business and a good
business in spring goods. Dress goods
both cotton and wooD are in good move
nent and demand. Foreign fabrics are
nore active. Prices as rule are very firm.
]olored cottons tend upward. Print cloths
ack strength owing to larger stocks.
Freer buying by worsted and dress goods
pills, and apparent progress toward q set
lenent of the tariff legislation is said to
ave strengthened raw wool. Cotton is
teady and unchanged after an active busi-
ess and considerable speculative fuctua-
ion. The bureau report, showing a de-
line of four points in condition in August.
'as disappointing to the bulls
Business failures reported to Bradstreet,s
lumber 162 in the United States this week
gainst 141 last week and 100 this week last
ear. Canada had % this week against 25
ast week. The total number of failures in
lie United States, January to date is I, 100,
gainst 7, 1886 in like portion of 1889. I
TIGHT MARKETS.
R. G. Dun & Co. weekly review of trade:
he past week has fully justified those
ho gave warning that the monetary ease. '
lused by Treasury disbursements, could be {
ut temporary. The market here has been
ght, with extreme rates paid in some cases |
t Boston and Philadelphia money pressure '
$50 affects business; at Chicago the {
arket is somewhat frmer and the !
emand active; at st. Louis it
stiff at 1908 per cent; at Kansas City. !
ore firm; at Omaha, a trife close, but fairly
lpplied; at Milwaukee, very active and to q
me extent disturbed by large lumber '
ilure in the interior; at Detroit, the de-
and is strong at per cent; at Cleveland,
e tightness is rightly ascribed to the VOL
me of business; at Pittsburg, the demand
fair at 6@7 per cent, and only at New
rleans. OF all the cities reporting, is the
arket easier.
FRIGHT IN NEW YORK.
The immediate fright at New York was :
,out supposed enormous demands for paw
ent OF duties, if the new tariff, should 20 a
to effect October 1. The fact, as officially n
ported, is that less than So, 900, 600 would Il
~ full duties on all goods in warehouses c
which the rates have been increased, but \
one supposes that lenders would hold
it, and meanwhile the Treasury is Offering Il
paw out SIC, 900, 900 for AIS and S23.- n
0, 900 more in prepayment of interest on "
per cents. t.
II there were no speculative tendency in '
rferlng with free movements of crops, p
bills would soon draw money
'm abroad, but an unfavorabIe crop re-
rt causes higher prices for staples. and
ior to that the exports had been yery n
hit, prices here being too high for foreign
arkets.
A BEAR PANIC.
had not ha., st,. IN \ D.