Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-09-06
ON A SOLID FOOTING.
Favorable Reports of the Weeks
Trade Throughout the Country.
LABOR SITUATION IMPROVED.
Recent Business Failures Affect the Genera
Market Lightly.
EASY FEELING In IRON AND COAL


NEW YORK, September Especial tele-
grams to Bradstreet's this week indicate a
fair degree of activity in jobbing circles
and among manufacturers, particularly as
to the distribution of drygoods, clothing,
boots and shoes and hardware. At almost
all cities reporting, business is said to be
fairly active or satisfactory for the season.
The most pronounced activity in distribQt-
ing circles as heretofore, is at Chicago,
New York in special lines, st. Paul, New
Orleans and Kansas City. At the latter
city receipts of cattle and hogs have de-
clined, while the demand is fair. Prices
tend upward. At ST. Louis, provisions are
steady, with large Southern orders for better
classes OF meats.
The labor situation, on the whole, has
rather improved. Several Of the more
threatening industrial disturbances have
practically disappeared, except the brick
boycott and strike at New York City, Stock
speculation at New York is dull and subject
to bearish attacks upon the granger shares,
based on the deficient corn crop. Raw sugar
is 3-16c and refined 5-16c up on good de-
mand, decreasing stocks and bulllsh beet
crop reports. Wheat has reacted on more
favorable foreign crop reports, and corn has
sympathized.
ACTIVE SPECULATION.
Drygoods are in active demand and dis
tribution from jobbers. Recorders from
agents are brisk, while orders for spring
goods are of good volume. Cotton and wool
dress goods and general woolens are in chief
movement from jobbers. Mems wear
woulens are in moderate call. Cotton goods
prices are firm. Foreign goods are more
active. Wool is quiet. Odd lots are in
chiet demand. Fine Territory wools and
carpet grades show most frmness. Foreign
wools have relapsed into dullness at Boston.
Prices are unchanged. Cotton is 9s95sc
lower on large receipts, weaker cables and
long selling on Southern account. Specu-
lation is quite active.
Iron is steady for standard brands, and
that is about all. The domestic output Of
pig is so large that it is regarded by some as
doubtful whether an advance in price could
be sustained. The American syndicate ope-
rating in Scotch warrants have sold their
holdings. Anthracite coal is dull and
heavy, with production this year to date
nearly 800, 900 tons behind the like record
last year. Copper remains firm. Bank
clearings for August show some effect from
the decrease of railway speculation at New
York, but not enough to materially affect
banking transactions at the metropolis.
Clearings at 80 cities in August aggregated
81, 791, 908, ,601, gain over last year OF 1915
per cent, and next to those for May this
year. when the clearings total was the heav-
lest on record, showing the largest percent
age OF gain over 1889 OF any month this year.
BUSINESS FAILURES.
ONLY six cities show decrease from last
year, the smallest number on record. For
eight months of the year clearings at 81
cities aggregate S3S, $50, 1901 ,O45, gain over
1889 OF 8.3 per cent. New York Citv's
cearings show a gain of Ga per cent, while
outside of that city the gain is 11.6 per cent.
Stocks of available wheat August 80, both
coasts, aggregated 27,7l1 900 bushels, the
smallest total reported on similar date
since 1882. East of the Rocky Mountains
available wheat supplies have continued to
decrease each week down to date, August
heretofore of past years always furnishing
increased stocks. In August, 1890, East
ern coast available wheat stocks fell away
], ,397, 900 bushels, while in August 1889,
they increased 4, 300, 900 bushels and 4, ,S62,-
900 in 1888.
Exports of wheat both coasts (and -four
as wheat), equal ], 575, ,672 bushels this week,
against 2,679, 0O7 bushels the first week Of
1889, and 1861, ,322 bushels last
week The total exported since July 1, is
20, 545, LAT bushels. In like part of 1889
the aggregate was 19. 100 $50 bushels, and in
1888 it was q, SO7, ,5S7 bushels Exports of
Indian corn were 659, COS bushels this week,
against 800, 900 bushels last week. Business
failures reported to BradstYeet's number 141 |
in the United States this week, against 134
last week and 143 this week last year.
Canada had % this week against Sc last
week. The total number of failures in the
q United States January / to date, is G, ,93S,
against z, TAG In like portion of 1889.
PIG IRON LOWER.
r. G. Dun & Co.'s weekly review of
trade says: Another large failure, that of
Sawyer, Wallace & Co., comes at a time
when the effects of the Potter Lovel failure
at Boston, prove more disturbing than was
expected.
The prospect of speedy action on the tariff
bill in the Senate and considerably better
sales by clothing dealers, have made the
wool manufacturers more hopeful and pur-
chases of wool are larger at Boston, reaching
D, pOuuus. DuG CONCESSIONS nave
been made to secure sales on many grades,
the money market pressing, and it is noticed
here and at PHILADELPHIA that buyers
act still with great caution. Trices of 104
grades there average 23.6 cents a shade
lower. The drygoods trade is decidedly
larger than last year. The iron manufact-
ure is also more promising, but pig iron is
kept low by the heavy supply, and at Pitts
burg is quoted q shade lower. At Cleye-
land the market for ore and pig is quiet
Copper is strong at II cents, tin rising at %
cents, and lead strong at S4 80. The an
thracite coal market is weaker, Reading
having resumed work in many collieries and
the advance of Is cents per ton seems on
paper only.
FAVORABLE REPORTS.
The accounts of trade from all parts of the
country are encouraging this week. At
Boston the money market is pretty stiff,
which affects some trades; leather is more
quiet and hides firm. At Philadelphia sales
0f leather are laroe NJ hatfar prioec ond onI-