Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-10-25
BOOMING STAPLES.
Ine Stimulated Movement to the In
terror Still Continues.
IRON BUSINESS UNPRECEDENTED,
but Production About Matched by Con-
sumption at Pittsburg.
MARKET FOR BREADsTUFFs ADVANCES

'"' Opccidl IeleRramS 10 OTUuSIFeet re-
port marked activity among jobbers in
drygoods, groceries, boots and shoes, no
lions, tobacco, carpets, clothing. and at the
South, plantation supplies. The demand
noticed is mentioned at the larger Atlantic
coast cities, at Cincinnati, Chicago, st.
Paul, Omaha, Kansas City. st. Louis, Mem
phis and Dallas. At the latter city, how
checked trade some, in Louisiana having had
serious effect on country roads, thus check
ing receipts of sugar and, as reported, cur
failing the yield of rice,
At the Western centers wool is more ac-
tive than at the East, where trading is
quieter. Receipts OF cattle and hogs are
heavier at Western markets, and the former
are lower. A better demand for hogs has
advanced prices in some instances. Hog
products are shade higher.
POLITICS AND TRADE.
At San Francisco heated political cam
paign checks trade temporarily. Wheat
exports from the Pacific coast promise to be
more free during the remainder OF the calen-
dar year. 1t is reported that ,970, 900 BUSH
els of 1889 wheat still remain in California.
The Alaska salmon pack promises to equal
that of 1889.
Sugars (raws) are neglected. Refined is
not active, and prices are unchanged. The
output of Louisiana sugar promises to ex-
ceed the yield of 1889 by $4,000 gross tons. d.
So far as railway shares are concerned,
speculation in the New York market tends
to improve, despite some fears of further
stringency III money. A break in Sugar
Trust certificates, however, partially de-
morallzed the market.
Bank clearings at So cities for the week
ended October %. are 81, 34S, 491, ,041, an in
crease over this week last year of 1871 per
cent. New York City's clearings, which
constitute 59.2 per cent of the grand total,
are only fraction of per cent larger than
last year, while at 50 other cities the gain is
36.2 per cent.
IRON, COAL AND PETROLEUM.
The iron and steel industries remain in
the quiet state reported for months past,
with a very large output, which, as alleged,
is about equal to consumptive requirements.
The long expected advance in prices has
not appeared. Coal is steady and in fair
demand.
Petroleum appears weak, and specula-
lively is neglected. Plans are making to
refine Ohio petroleum on large scale
Lake ingot copper has been sold at 17c at
Boston for late winter delivery, and the
tendency is upward.
Wheat and corn have advanced about 1c
on the week, and oats &c per bushel. The
market does not favor exports, but some lit
tie wheat continues to 60 abroad, largely
from the Pacific coast, where reserves have
perhaps, been underestimated. The exports
of wheat, both coasts (and -four as wbeat),
! hi al 4
bushels last week, and 2, 1877 460 bushels in
a. like week in 1889. Total exports from
July to date are 30, 756, ,248 bushels, against
32 GAL ,103 bushels in like portion Of 1889,
and SO, 1S4, 45S bushels in 1888, and 81, 800 900
in 1887.
STOCK OF WHEAT.
Total available wheat stocks east Of the |
Rocky Mountains since September 27, have |
increased only 5, ,484, ,821 bushels. A the |
present rate of growth they promise to gain |
about 10000, 600 bushels during the five
weeks ending November /, or only one-half |
The increase for a like period (October) of
1889.
Drygoods are in moderate demand, and
,old, dry weather is awaited with interest.
Nail orders constitute the bulk of present
iemand. Agents are doing steady bust
less in spring goods. Print cloths are weak
IN the largest stocks since 1884. The trade
n imported goods at New York has been
very heavy. Fine mems wear goods hold
ate advances firmly.
Raw wool is in fair demand, especially BY
lress goods and worsted goods manufact-
lrers. Fine combing woods are most active.
Territory wools are less active. Cotton is
ctive in the speculative line, but with a
'earish tone ruling, owing to large crop
movement and good weather advices.
Business failures reported to Bradstreet's
lumber 2O2 in the United States this week,
gainst 1T last week and 100 this week last
'ear. Canada had 33 this week, against 20
asst week. The total number of failures in
be United States from January / to date
$ S.1S7 against 9,132 in like portion of
SS9.
DUN'S REPORT.
r. G. Dun & Co.'s weekly review of trade
avs: Business continues large in volume,
nd generally profitable. In many branches
here is noteworthy expansion on account of
he new opportunities which the revised
ariff gives.
Boston finds the boot and shoe trade en-
ouraging, and prices in that line are firm.
ales OF wool are rather large, but there is
distinct improvement in the market for
'oolen goods, and manufacturers are more
opeful. Cotton goods are firm in price =
lille the raw material declines. At Phila-
elphia money has become easy, and collec-
ons are on the whole satisfactory. At
hicago there is marked decrease in receipts
/ cured meats, dressed beef, lard, butter q
nd hides, but in cheese and wool an in s
-ease, and the volume of business con- f
nues larger than year ago, with satisfac- '
,ry collections in drygoods and clothing.
WESTERN TRADE GOOD. q
At ST. Louis the state of business is Z
ealthy, and while money is rather scarce,
lere is no trouble about collections. The Z
Dove last years, especially in drygoods a
I'D clothing, though the unfavorable Q
Gather retards trade to some extent, and at c
ittsburg the manufacturing interests are .
ourishing, though lower prices are quoted
II Bessemer steel and blooms
1t is remarkable feature of the returns
lis year that the Western cities appear to L
rosper without the slightest regard to the
,ndition of business on the seaboard. At
[ilwaukee trade is satisfactory and money Z
active at to per cent. At ST. :
aul trade is excellent, and at Minneapolis :
ceipts Of wheat reach 1900, 900 bushels. :
t Kansas City trade is healthy, and at q
enver good. There is rather more indica-
on of monetary pressue at Southern GEN.
RS, and business is only fairly active in :
le Louisiana region. The money markets
.e, on the whole, less disturbed than they
ere a week ago; but there Is an increasing
arcity of funds at some of the Western =
I'd Southern centers.
BIG BUSINESS IN IRON.
The most important industries are doing
ell The iron business is hestating be- .
luse an unprecedented consumption is ap- 9
arently overmatched by an Unprecedented o
reduction, and Bessemer iron is weak at n