Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-07-05
LESS BUSINESS DONE.
A Noticeable Decrease in the Volume
Of General Trade Caused by
THE HOLIDAY AND HOT WEATHER.
Lessened Speculative Interest st Leading
Financial CenterS.
WESTERN CROP PROSPECTS GOOD.
ESPECIAL TELEGRAM TO THE DIsPATcH.l

rnPEC1k1 TELEGRAM TO THE DIsPATcH.l
New YORK, July Especial kilograms
to Rradstreet'S indicate that the volume OF
general merchandise, while large, has de-
creased perceptibly, as is to be expected at
this season and the week, practically two
davs short. has rather tended to restrict
operations San Francisco, Kansas City,
Memphis. Cincinnati, Philadelphia and
Boston all report a restricted distribution,
and many Western cities note a check to
trade to the prevalence of prolonged and Sc
we're hot weather. Iron and steel are steady,
and anthracite coal is really in better de-
mand at improved prices. At the West hogs
are in free movement to interior markets,
and prices are weak and lower. Cattle are
dull. Products barely hold their own as to
prices. Wheat is up 11tc on less encoursg-
ing reports from abroad and a heavy de-
crease of domestic stocks. Corn and oats
are fractionallv higher.
In California the outlook is for a heavy
wheat crop. Our Melbourne cable states that
wheat stocks In Australia and New Zealand
out of farmers hands July 1 equal 4,973,-
900, against 2, 991 600 bushels one year ago.
The holiday interruption causes dullness In
the stock market, but prices tend to advance
on investment buying and prospective
amelioration of the railroad rate situation.
Bonds are in fair demand.
EFFECT OF LABOR TROUBLES.
There were "a strikes, involving SO, ,90e
strikers. reported to BrddStreet'S in June.
For the six months there were 6S1 strikes,
involving 174,2 ,263 strikers, against 34s
strikes, Involving SO, 35S strikers last year
and 436 strikes and 172, 4S2 strikers in 1883.
Bank clearings for June at 81 cities
showed the effect of lessened speculative in
terest at leading markets and quieter gen.
eral trade throughout the country in de-
crease of 1876 per cent. from the May total
But they are larger than in June last year
bv 7.3 per cent For the six months the
clearings at 81 cities aggregate S29, ,53S, O5O,-
S15 a gain over last year OF 80 per cent,
over 1888 of 26 per cent. and over 1887 of IA
per cent. The New York clearings, which
aggregate SIS, 7S9, ,627, ,149, or 63.6 per cent
OF the total, show gain over last year of
az per cent. The daily average OF clearings
at New York for six months aggregates
S123, ,615, ,96S, which is nearly times that
at Boston, 10 times that at Chicago or
Philadelphia, and so times that at Balti-
more or San Francisco.
STATUS OF THE GRAIN MARKET.
a
90 BrGdStreet'S reports point to 80, ,000, 900
bushels of wheat carried over, against 37,-
OOO, 900 bushels same week of last year.
Farmers stocks are 1000, 600 heavier than
on july /, 1880, and so-called available
stocks 5000. 600 bushels. These totals
point to the wheat crop of 1889 having been
470, 600, 600 bushels instead of 490, 600, 600
bushels. Stocks OF Indian corn (availablel
carried over are 19, 251, ,93S bushels, against
IL, 361 565 bushels year ago; stocks OF oats
are 7,2S7, ,424, against z, 40, 9S9 bushels; of
barley, 637, ,255 bushels. against asa, 167
bushels. and of rye, COS, 702 bushels, against
9S6, 345 bushels. Stocks of wheat -four at
leading points of manufacture and accumu-
latiou in first and second hands exclusive
of e1ew York City, equal 1, 429, ,37S barrels,
s4nst l, ,317, 800 barrels one year ago.
Coffee is dull speculatively and slow of
sale for actual lots, with rates practically
unchanged, though the current months con-
tract is 10 points higher on the week. Raw
sugar is 1-16c lower on increased supply
and anticipated smaller takings during the
ensuing holidays. Refined sorts are steady
and unchanged on fair demand.
DRYGooDs HOLDING FIRM PRICES.
An average midsummer trade is reported
by agents. Stock-taking has engaged job
bers' attention. The cotton goods demand
is steady with firm prices. Woolens are
being delivered in good volume, while some
lines of new business are more active. But
the outlook for the wooden goods trade, as a
whole, is unimproved and a large amount
of machinery is idle. Raw wool is very
dull, and the outlook is for lower rates than
higher prices. Cotton is 1-16c higher on
better demand.
Copper holds steady at 165z@17c per
pound. A further diminuuion OF the visible
supply is reported. Production, on the
other hand, is increasing.
Reports to BrddStreet'S of mercantile fall
ures throughout the United States during
six months of the current year show total
of 9, ,466, against 5,9lS in the first six months
of 1889. The aggregate liabilities of fail
ing traders are $50, ,667, ,962, against S67, ,411,-
I'll, and actual assets $50, ,025, ,116, against
S32. 8O3 $40 in the first six months OF 1889.