Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-11-08
The Volume Of Business, Both
Domestic and Foreign, Continues
PROSPEROUS IN CHARACTER.
Elections Had no Perciptible Effect on
the Country's Trade.
GOOD FEELING IL PITTSBURG GLASS
rr,c1AL TrLrcnAst TO ZEE p1sp.rc


tssde centers report no appreciabie inter
Terence with an active trade movement.
The weather has prcven generally favor
aoie for iarm and plantation work, and tn
movement of staple crops has been lncreas
ing and free. This is noticeable in wheat
sugar, cotton, and rice shipments to pri
mary markets.
Indian corn and oats are, on the contrary
Ia decreased movement. Cotton has con
tinued to decline on liberal receipts. weaker
cables, and short selling at all points New
York prices are 5-16c lower, Liverpool 3-16
Of, aud Southern markets are 3-l695-16'
below last week.
CROPS DROP IN QUALITY.
Crop estimates tend toward the maximum
fear OF frost damage being removed. Tn,
quality of the new crop is poorer than las
year.
Prices for granger, trunk line and othel
shares on Friday were the lowest for the
year, and stock speculation at New York is
badly demoralized. The Sugar Trust receIv.
srship, untavorable rumors about railroad
properties and heavy bear manipulation
share in producing the result with appre-
hcns.cus regarding the financial and specu,
laliye situation at London. Our money
market is close, with call loans at between 6
.rd 25 per cent, the condition being aggra-
yated by a sudden advance of the Bank oil
England rate TO 6 per cent. At the interior
The situation apparently begins TO favor a
return of funds to New York. Foreign ex-
change was quite weak, but is stronger on
The advance in money in London.
COAL DEMAND FALLING.
Hides are somewhat depressed and even
leather is in less active demand. The effort
TO advance prices for anthracite coal at
Philadelphia last week did not succeed, and
the demand has fallen or There have been
sales of steel rails reported at less than 500
per ton at Eastern mills, which marks de-
cline. The customary influx of orders for
rails for next seasons delivery has not been
feature ot the past two months and makers
are unsettled as 10 the outlook
Pig iron is barely firm for best grades,
but makers continue 10 report that no
stocks are accumulatinC. Cotton manu-
iacturer- are actively employed and their
outlook Is favorable. San Francisco ship
ped 20 600 gallons Of wine TO New York
Via Panama and the Horn.
October bank clearings at 81 cities ex-
reeGed All previous months except Nav
asst The October gain over last year tor
iHe country is only SO per cent, owing to
d decrease at New York of Ia per cent,
caused by reduced stock exchange specu-
5-t.on.
ACTIVITY THROUGH THE COUNTRY.
Elsewhere than at New York the activity
'1t general trade is reflected in a gain of
IA per cent over October, 1889.
] he total CiearingS for October were S.
t5,os2.9l9, New York City's cleanngs were
I 56b, 553 454, and at 56 other cities the
t'ral was the largest on record, 81, 13S, $685.
81. For ten months the total cleariurs
aggregate SAG, Sol, ,74S, 4O8, a gain of S.3 per
cent over last year. New York City's total
i 81 per cent larger, and at other cities the
gain Is l3 per cent Dry goods are less
active East Settled, cold weather is de-
sired as a stimulus to an expected supple
meutary demand from jobberS and agents
business IL spring cotton and wool dress
goods shares the Quieter tone of the general
market New business in mems wear
,voolens Is light and less is doing in foreign
Goods. Prices retain their former steadi-
ness.
RAW WOOL FIRM.
Print cloth quotations remain at 3 5-16c
for November Raw wool is in good
steady demand and prices are firm. The
tone is cheerful, with the outlook favoring
holders. Provisions are firmer, and cattle
and hogs are in good request at primary
markets. Refined sugar is off 1Ec and raw
sugar ] l6g per pound OF slack demand.
Wheat mas been lower in price on ireer
movement Of the crop in the Northwest
Our OWL ady.Ces indicate that total dames-
lie available stocks increased only II 900, 900
bushels II October, against a gain o! 90
COO 600 bushels IL October, 1889 Stocks in
The Cuite8 States (Doth coasGs) afoat for
-grope and al principal points OF accumu-
.atIou il lhe United Kingdom and on the
Continent on November ] were IS 600 600
bushels smaller than on November l, 1889.
one month ago like stocks were about
equal TO accGmulations on October l, 1889.
Exports o. wheat (and flour as wheat). both
coasts, aggregated 2,209,9l9 bushel, this
week against ,99i go bushels last week
md -,l5l,534 bushels during the week one
year ago. The total shipped July to date
IS - $50 SG7 bushels In a like share OF
-oSs the total was 81, 800, 40 bushels
business failures reported to BradStreet'S
number l0l in the United States this week,
against lG4 iast week aud 24S this week last
wear. Canada had 81 this week against 30
-aSt week. The total number of failures ia
the United States January l 10 date. is
5,jo2 against {, 631 in like portion of 1889.
EL-N LhAL PROSPERITY.
r. O. Dun & Co.'S weekly review of trade
says; The volume of business, both domestic
and foreign, continues large beyond prece-
dent, and in character prosperous The
elections interrupted business but little and
the result has no perceptible effect as vet
upon trade, though some fear that the ex
tension Of manufactures may be checked
0y uncertainty. The monetary situation is
substantially unchanged.
The reports from all parts of the country
show that business is large and healthy,
hoston notes were quiet but firm, move
ment OF heavy weight goods expected at
better prices. Philadelphia finds the wool
trade less active, the demand being checked
by what manufacturers consider extreme
fTices; the iron trade a shade weaker, but
solIIng mills fail of orders, ana the coal
Trade hardly W. to expectations, with Octo-
"er pTlce5 actually ruling. At Chicago
grain receipts egua' last wears, cured meats
latter and hides show decrease but dressed
i+-, Ia:d, cheese and especially wool in
q "ase, ami IN drygoods, clothing and shoes
leeds last years.
GLASS FAIR AT PITTSBURG
At St Louis trade is rallying again: at
,IUclnnau 1t 10 encouraging, the tobacco
trade improving; at Pittsburg iron is rather
depressed, but the glass trade fair. AT
Cleveland business is good, thou oh in
.lothing dull; and at Detroit there is
Lraliay activity. No change is noted az
Milwaukee, except that warm weather
necKs The sale o: winter goods. At Omaha
business is excellent and al St Paul and
IairIy active at Kansas CITY. New Orleans
reports larger trade than year ago; liberal