Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-05-10
TRADE IS BRIGHTER.
Substantial Gains in the Movements
of General Merchandise.
TOO MUCH IRON AND STEEL MADE.
Enormous Exports of Wheat and Reduc-
tion in Available Stocks.
PREVIOUS STRIKE, RECORDS BROKEN

ESPECIAL TELEGRAM TO THE DispArcH.I
NEW YORK, May Especial kilograms
to Bradstreet's report substantial gains in
the movement of general merchandise,
notably at Western and Southern points.
Exceptionally favorable reports come from
the recently flooded region of Louisiana,
where the demand for goods is more than
meeting expectations and collections are
improving. In the Northwest higher prices
for farm products have stimulated trade and
made collections easier.
In some regions, however, frosts affected
the previously bright crop outlook, while in
others rains have had an opposite influence.
San Francisco advices are that Signal Serv-
ice wheat crop reports from California to
Washington present too gloomy an aspect.
On May San Francisco resumed shipments
of breadstuffs to Australia, significant fact,
sending to Sidney Is, ,248 centals Of corn and
225 barrels OF -four.
Stock speculation at New York is active
and strongly bullish, and public interest is
increasing. Industrial stocks were the fea-
ture Of the first days of the week, and at its
close the Granger shares began to move up
on supposed improvement in the Western
railroad situation.
TOO MUCH IRON PRODUCED.
The official report of production OF iron
and steel in the United States in 1889, Just
published, is accompanied by the specific
admission that excessive productive pig iron
capacity is back of the existing weakness
and late decline in prices of crude iron,
which corroborates our statement week ago
as to increasing stocks of pig iron.
The soft coal miners threaten general
strike for eight hours, and some thousands
of Pennsylvania coke workers are consider
ing strike. The number OF strikes during
the first nine days of May exceed all previ-
GUS records for a similar period. They num-
Der 145. involving probably no fewer than
56, 600 strikers. There were IS strikes on
May alone. Thus far the strikers have
made substantial gains. The carpenters
strike for shorter day has practically sue
ceeded, meeting at New York and Brooklyn
hardly any opposition. In Illinois 15, 900
coal miners have obtained an advance and
will resume work.
LARGE EXPORTS OF BREADSTUFFS.
Exports of wheat (and four) from both
coasts this week equal 1878, 270 bushels,
against ], 1913, 715 bushels in the like week
year ago and 2,747 048 bushels last week.
8SS bushels, against 75,357,74S bushels in a
like share of 1889. Stocks of available
wheat on both coasts are slightly in excess
of the total held a year ago, but American,
European and afoat stocks of wheat, as
specially telegraphed to Bradstreet's, de-
creased 10, 200, 900 bushels during April, as
compared with decline of only 5000, 900
bushels in March last.
Business failures reported to Bradstreet's
number 152 in the United States this week
against 1873 last week, and IVA this week last
year. Canada had % this week against
% last week. The total number of failures
in the United States, January to date, is
1920, against 4, $40 in like portion of 1889.
HOW DUN LOOKS AT IT.
r. G. Dun & Co. s weekly review of trade
says: During the past week the business
situation has changed but little; the outward
manifestations vary somewhat, but the lead
ing facts are still the enormous volume of
traffic in progress, the expectation of none
tary expansion, and the absence of forces at
present seriously disturbing, even in details.
Chief and most potent of present favoring
influences is still the prospect of increased
monetary use of silver in some form.
Labor controversies cause less interruption
than has been anticipated.
1t has come to be recognized that injury
to winter wheat may count for 100000
bushels at least, but spring seeding has cov-
cred an increased acreage and a larger yield
of that kind would naturally follow higher
prices.
SOUTHERN IRON A FACTOR.
Iron shows no great change, the radical
fact in that branch being the transferring of
part of the production to Southern instead
of Northern fields.
The increase in wool supply this year can
not be large, but the expectations of higher
prices so generally entertained by growers
tend to embarrass the manufacturer. Boston
sales were large, with prices stiff. Move
ment of meats continues heavy. At Chi
cago, 5000, 900 pounds dressed beef against
945, 900 last year, and for the year thus far
sc, 900, 900 against 100000 pounds last
year. Beef cattle have reached the highest
point for the year, lard receipts at Chicago
are nearly double, and hogs grow stronger
at the West. In general, operations in
products are remarkably large, with ad-
vancing prices, but mainly because of ex-
pected loss in production this year.
DRYGooDs ACTIVE.
The drygoods business continues of full
volume at Chicago larger than last year,
and the shoe trade is also larger. The
volume of all trade shown by exchanges,
outside New York, remains about 10 per
cent above last years which in turn was the
largest on record.
The reports from interior cities indicate
fairly maintained activity, with money mar
kets now here stringent, though at Chicago
and some other points closer about May
than before, on account OF settlements and
preparation for assessments for taxation,
here disbursements about May were larger
k1o,, hafn 000
LAY DELEGATES BEATEN.