Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-07
TRADE FAIRLY BRISK.
Pittsburg's Volume About Equal to
the Corresponding Season of 'S9.
LARGER CLEARINGS AT NEW YORK
Make the Grand Total for 81 Cities the
Largest on Record.
BUSINESS FAILURES MUCH REDUCED

ESPECIAL TELEGRAM TO THE DIsPArcHI
NEW YORK, June Especial kilograms
to Bradstreet's indicate only fairly active
general trade movement. Prices of cotton
and leather have advanced East and West,
which tends to produce higher quotations
for cotton fabrics and boots and shoes, for
which demand is good. At Philadelphia
there is a fair jobbing demand for stock re-
newals, and crude iron is little frmer
At Pittsburg it is reported the volume of
the spring trade will about equal that of
'S9. Business has been stimulated at st.
Louis by excellent weather, while at
Memphis it is only fairly active and at
Cincinnati moderate. There is an improved
demand at New Orleans, but the total
volume of orders from the interior is less
than was expected. The like is reported
from Kansas City, and at Omaha trade is
not brisk, Notwithstanding higher prices Tor
farm products stimulated trade during the
spring. At Chicago, however, there appears
to have been an active and very general
demand for staples but at st. Paul relatively
less activity is reported, though trade there
has been of large volume.
Active speculation in Wall street, New
York, has enlarged clearings at that city,
and the grand total for 81 cities is the larg-
est on record. New York's May total ex-
ceeds that of April by 30 per cent, and May,
1889, by nearly % per cent. The gain at
all cities is PA per cent over april last,
and 1875 per cent over May last year. At
cities other than New York the gain over
April is 10 per cent, and over May last year
1876 per cent. The total clearings at 81
cities aggregated S5,77S, $50, ,44S. For the
five months the clearings at 81 cities aggre-
gated S24, 553. .108, sos, a gain over last year
OF 9.5 per cent, which, in turn. gained Il
per cent over the five months Of 1888.
Stock speculation at New York has re-
turned to a bullish basis, trust stocks being
the feature. Available stocks of wheat de-
clined very slowly during May, owing to
heavy shipments of wheat by farmers, stim-
ulated by high prices. This, with a large
increase in the quantity afoat for Europe,
serves to increase stocks in sight in Europe,
America and afoat about 2, 100000 bushels,
as compared with May 1.
DECLINE FOLLOWED BY EXCESS.
During January and February these
stocks declined 100000 bushels per
month. The decreases were smaller in the
two following months, while in May stocks
piled up in excess of consumptive demands
something quite unusual at this season.
Exports OF wheat (and of -four as wheat),
both coasts, equal 1924, 610 bushels this
week, against ], ,778, 994 bushels in the like
week year ago and ], ,692, ,9S6 bushels last
week. Total shipments July 1, SO, to date
equal 100, BOZ, 544 bushels against 81 ,S61 ,433
bushels in like portion OF 1889.
Southern pig-iron makers report sudden
improvement in the demand. The entire
iron trade is gaining in activity and in
stances of shadings OF prices are becoming
rarer Production and consumption are
pretty evenly balanced and more hopeful
feeling prevails.
Dry goods are in moderate sale at Eastern
markets Cotton goods are generally very
strong and advances are reported of from
%c to 1c on leading classes of goods. Print
cloths alone show weakness and are nearly
1-16c lower on slow demand. Jobbers re-
port trade rather slow as is usual at this sea-
son. Woolens are in restricted movement
and short time is reported in many cassl-
mere, hosiery and flannel mills.
WOOL QUIET BUT FIRM.
One of the largest auction sales of Ameri-
can silk handkerchiefs was made this, week
at full prices. Wool is quiet and un-
changed. Receipts of new wool are large,
but not sufficiently so to influence prices.
Raw cotton is 5-16c lower. Crop accounts
are improving.
Business failures reported to Brddstreets
number 175 in the United States this week
against 140 last week and POI this week last
year. Canada had q this week against II
last week. The total number of failures in
the United States January to date is $40
against ., ,245 in like portion of 1889.