Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-11-01
TRADE STILL GOOD.
Liberal Volume of Merchandise EX-
changed, but Less Produce.
A WEAK, WAITING STOCK MARKET.
State of the Iron Trade Good, but Some
what Disappointing.
INCREASED EXPORTS AND IMPORTS

ESPECIAL TELEGRAM TO THE DrsPArcH.i
NEW YORK, October 31.-Special tele-
grams to Bradstreets point to liberal vol
ume of merchandise in process of distribu-
ton, in few, if any, instances less than a
week ago. The movement OF produce is
freer than it has been, so far as wheat, cot
ton and sugar are concerned, but less 50
with reference to Indian corn and oats.
Although the return flow of currency from
the South and West to New York has not
set in with any appreciable force, the de-
mand on New York for currency to 60 to
the agricultural districts has been checked.
The improvement in the bank statement
last week was due to other causes than in
creased supplies of funds among clearing
house banks. There has been no greater
ease in the money market Time money
continues scarce, and call loans are firm at
513@6 per cent. Stock speculation at New
York is feverish and unsettled, the threaten
ing position Of Western railway affairs and
the litigation in connection with the Sugar
Trust reorganization leading to bear attacks
and declining tendencies IN prices.
BUSINESS OF THE BANKS.
Bank clearings at 50 cities for the week
ended October 80 are 81 ,251, III ,753-an in
crease over this week last year OF 60 per
cent. New York City's clearings, which
constitute GIG per cent of the grand total,
are more than those for the same period last
year by 81 per cent, while at So other cities
the gain is 15.6 per cent.
The iron trade has been disappoip ted at
the prolonged delay in the appreciation OF
prices. Demand keeps up we'll, but will not
warrant any advance. At some points in
the West the request for iron, crude and
structural, has actually declined. Steel
rails are not so firm as last week. Coal is
nominally advanced 10c per ton. Petroleum
is dull sp-culatively, but in good actual de-
mand.
Philadelphia worsted spinners are said to
be buying wool freely, and manufacturers in
several lines at Boston are confidently count
ing on still higher prices. At San Fran.
cisco wheat exports are free, and promise tc
be freer. Funds are easy there, with the
arrival of $4,000, 900 from Australia on
Monday. Good weather and heavy croI
movement have helped general trade al
leading Southern cities.
PRODUCE AND STOCK.
Although hides are dull, leather is firm
and active.
Hogs, with free arrivals West, are 10c
lower, and cattle are also lower on preva.
lence of light weight arrivals Coffee il
dull and weak on a report that Brazil will
remove export duty, and notwithstanding
reports of crop shortages in other parts Of
the world. Sugar (raw) is off 1-16c, and
refined n to 3-16c on restricted demand
The worlds sugar crop Of 1891, it is esti
mated, will exceed that of this year by IT'S,
900 tons.
Exports of wheat (and flour as wheat)
both coasts, continue larger than antici
pated, owing to a free movement from the
Pacific coast ports. The total shipped this
week is 1894 67O bushels, against 1, ,782, ,8St
bushels last week, and 1888, ,352 bushels il
the like week last year. The total exported
July to date, one third OF the cereal year
approximate 80, 750. .918 bushels, against "a,
234, ,455 bushels in like portion in 1889
40, ,24O, 900 bushels in 1888, and 81, sos, ,OO(
bushels in 1887. Wheat has frctuated con-
siderably, but on the whole tends to main.
tain good deal OF its strength, with a mel
gain of cent.
MINOR GRAINS. ...
Indian corn stocks are decreasing and tn,
demand is quite active. Prices have ad
vanced cents. Oats are in fair supply
but with decreasing stocks quotations ar
up cent on the week. Hog products anl
provisions are a shade higher.
Drygoods are in moderate demand in reg
ular lines. Auction salesHof American silk
and price concessions by jobbers have in
duced large distribution. October jobbins
thus far this year exceeds that in 1889
Prices at first hands are firm, and there il
no unusual accumulation. Woolens ar,
quiet and steady. The large auction sale o
silks this week resulted in prices 10 per cen
below regular rates.
Wool is in good demand and unchanged
Manufacturers are we'll supplied. Stock,
are smaller than usual at this date. Cottor
is weak and Nc lower OIL large movement
depressed foreign adyices and restricted de
mand.
Business failures reported to Brddstreet'
number 104 in the United States this week
against 202 last week and 251 this week las
year. Canada had 80 this week against 3;
last week. The total number of failures il
the United States from January to date i
8,353, against 6, 1888 in like portion of 1889
R. G. DUN'S VERSION.
Dun's weekly review SAYS: The approach
of election has caused some slackening o
trade at many points, which is obviously
temporary. At a few cities. notably st
Louis, there is observed reaction from tn,
great activity which prevailed just befor,
the new tariff went into effect. the demand
for the time having been satisfied by deal
ings in anticipation of that measure. Blu
at nearly all cities trade continues remark
ably large, and the payment through al
Clearing Houses outside of New York for tht
month of October will probably be tn,
largest ever recorded in any month, exceed
ing those of last October by about Is pei
cent and those of last May, which wert
81, ,037, 600. 900 and the largest ever known by