Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-10-04
A FALLING OFF OF FAILURES.
Increased Exports and Advances in
Cereals Noted During the Past Week
at Shipping Points.
SUGAR AFFECTED BY TARIFF CHANGES.
The Pittsburg Iron and Glass Market Large in
Volume
ESPECIAL TELEGRAM TO THE prsrArcH.l !

volume of September business is In excess
of that for September, 1889. Rains have
continued to affect the cotton crop, but the
wine and raisin yields in California, instead
of being Short il is now reported will equal
expectations. Hides are dull and tend
lower in price after recent activity. Provi-
sions have been shade lower.
The passage of the new tariff bill appears
to have had an influence in enabling pro-
ducers and others to advance prices OF wool
and carpets, barley, tin .plates and pearl
buttons In spite of some temporary favor
able appearances, share speculation at New
York continues subject to bearish influences,
unfavorable earnings of granger roads and
financial stringency abroad checking bullish
activity.
FAILURES FALL OFF.
Drygoods are in fair demand East, al
though the movement is quieter. Spring
wear cotton and wool dressgoods are more
largely sold ahead than in previous years.
Clothing woolens are improved in tone and
in slightly better demand. Price steadiness
is feature. Special offers by jobbers are
more numerous. Wool is in moderate man.
uiacturing demand and very firm. Recent
advances have been well held, and some
lines, notably combing wool, are still further
advanced. Spot cotton is unchanged. Spec
ulation is fairly active.
Reports to BrGdStreet'S OF mercantile fail
ures throughout the United States during
nine months of the current year show total
of 1858, against s, S,334 in the first nine
months Of 1889. The aggregate liabilities
OF failing traders are S92, 541 $50, against
slO1, 755, ,51S, and actual assets, S44, 45O, 712.
against $50, 751, ,994 in the first nine months
of 1889. September bank clearings reflect
an increase in activity at all centers over
the preceding month.
A GAIN IN CLEARINGs.
Stock speculation at New York, sub
treasury transactions and free crop move
meuts West and South have been factors in
enlarging aggregate transactions. Com
pared with 1889, the gain is the largest, ex-
cept in May, OF any month in this year.
Total clea!ings at 53 cities for September
equal 81, 994. .22O, ,3S2, a gain over last year of
16.7 per cent. while outside of New York
the gain is 19.1 per cent. The nine months
clearings OF all cities aggregate S43, $50, $685.
4S7, gain of 80 per cent over 'S9. New
York City's clearings show gain over last
year Of 7.2 per cent, while at Sc other cities
the gam is 12.7 per cent.
Available stock of wheat increased only
q, ,115,042 bushels during September, east of
the Rocky Mountains in the United States
and Canada, as compared with an increase of
5,S74 35S bushels in September 'S9, and 49,
230, S44 bushels in September, 'SS.
INCREASE IN EXPORTS.
Stocks available October 1, 80. we're not
materially larger than on July last, while
in 'S9 they were 6,3J9, 965 bushels larger
on October l, than on July l, and in 'S8
they were 4,69S, 215 bushels larger
Available wheat stocks October / were
only trife in excess of the total one year
ago, but were much smaller than two, three,
four, five and six years ago Oh October l.
Exports OF wheat from both coasts this
week, and of -four as wheat, show some in
crease, and the movement is freer from first
hands. Prices are slightly higher. The
total of foreign shipments is ], 593, 300 bush
els, against !, q, 155, 121 bushels last week (due
to heavy Pacific coast shipments), and
1,624, 493 bushels in the like week of 1889.
The aggregate exported July to date is
%, 16O. POI bushels, against 25, S39, ,207 BUSH
els in a like share OF 1889 and 80, POI, ,O24
bushels in 1888.
EFFECT OF TARIFF CHANGES.
Exports of Indian corn this week equal
S76, ,449 bushels, against 747, ,772 bushels last
week. Other cereals except barley are fiuc-
tuating, with an upward tendency. The
latter shows pronounced advance owing to
higher duties and need of foreign supply.
Sugar is dull and raws are 1-16c lower.
while refined is steady and unchanged.
September consumption was very large in
spite oil deficient fruit crop. Low prices
for refined q cent below last year), have
aided consumption heavily. Recent tariff
changes tend to depress prices. Coffee is
only iair at unchanged prices. Case oil is
higher, owing to the advance on tin.
Anthracite coal prices have been advanced
and promise to go higher. Iron is barely
steady in price. Demand is no better.
Rails are no stronger after last weeks con-
cessIon Of 80 cents per ton.
IMPROVEMENT EVERYWHERE.
r. G. Dun & Co. s weekly review of trade
says: Never before has there been in any
month so great an increase in the circula-
tion or so large payment of public debt as
in the month just closed. Domestic trade
is improving in all directions, and at least
for the time there is more improvement in |
exports, which now show for the past month |
gain OF per cent over last year at New |
York.
Of the magnitude of domestic trade. it |
appears that actual payments through the |
clearing houses outside New York were in |
September 16X per cent greater than last |
year. This Is partly due to higher prices, |
for the general average of commodities has |
risen per cent during the past week, and |
has been over per cent above last wear for |
the past month. But the earnings of rail- |
roads, so far as reported for September, |
show gain over last year of ~ per cent, |
and the movements Of cattle and of cotton is |
particularly heavy.
ALL DOING WELL.
In spite of the short crop the movement |
in oats also exceeds last years, while the |
decrease in wheat and corn is partly bal |
anced by increase in -four. Sales of iron |
ore at Cleveland thus lar this year exceed |
last years to date bv one-third.
These items respecting the larger trades |
accord with accounts from nearly all cities, |
which continue highly favorable. Boston |
notes healthy and encouraging trade in New /
England. Philadelphia reports more conf
dence. Chicago notes, beside heavy receipts |
of grain, meats and cattle, larger trade in |
drygoods than last year, with prompt COL
lectiOns, and the same in boots and shoes,
tad larger trade, but not so prompt colee-
{ .ons, in clothing. ST. Louis notes unusual
8 ctivity in all lines, with the drygoods trade
exceeding any previous year.
PITTsBURG ALL RIGHT.
Cincinnati reports very liberal orders for
clothing, good trade on tobacco at favor
able prices, and heavy movement of fruits
and produce on account of local scarcity. |
notes very good trade, the
cxpectedly heavy country orders. At
trade is very brisk, at st. Paul
sud Minneapolis Omaha, Denver and
Gifr se <rood |