Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-12-12
GRAIN is GOING OUT.
Shekels in the Pockets of Both the
Farmers and the Railroads.
HOLIDAYS ALSO HELP MATTERS,
But There Is the Customary Falling of
in the Jobbing Trade.
IRON TRADE GOOD AT MOST POINTS
rsPrcr1r, TELEGRAM TO THE DISPATCH,

TSPECIAL TELEGhAh 1Hk DlSfATCHl
NEW YORK, Dec. I1.-Tpecial kilograms
to BrddStreet'S report the customary falling
off in iobbing aud other wholesale lines
during this season in practically all
directions, though it is a little intensified
BY Unexpectedly mild weather, which tends
TO check sales of seasonable staples. Coun-
try merchants are quite generally buying
stocks as they need them. and there is a
widely manifested disposition to go ahead
slowly. Dealers have begun stock-taking
In many instances and the only note
worthy animation aside from the grain
trade is in Christmas holiday specialties
The mercantile failures continue to in
crease from week to week, aggregating $50
in the United States for this week against
500 last week and 341 in the like week last
year. The total number of failures in the
United States from January to date is H.
$50 as compared with 9, $40 in like portion
of 1890.
Wearing Apparel and Its Materials.
The distribution of woolens and cottons
is checked. Wool is very dull, and cotton
as low and unsatisfactory in price as ever.
Boots and shoes are in little better demand
for spring delivery, and leather is more
active, with the price tending upward. Pc
troleum is of slow movement and prices are
heavy
Live cattle and hogs are in free receipt at
Western packing centers, and prices are
lower. Logging preparations are being
pushed in the Northwest, and in Louisiana
the rice crop promises to be large, fully
100000 bags of rough.
AT Philapelphia a much better feeling
exists in the iron and steel industries due
10 recent large orders for steel rails and car
iron. AT Pittsburg four-months' delivery
contract has been accepted for pig iron at
the lowest prices made, and pig and billets
drag little. Iron is quite dull at Cincin-
natl, but merchant and pig iron are in bet
ter request at st. Louis.
Gross earnings of 130 railroads in Novem- |
Der aggregated fully 9 per cent more than |
in November, 1890, last months total ex- |
ceeding somewhat SAC, 100000
Railroads Coming Money From Grain.
The significance of the exceptional No
vember gain, caused by the unprecedented |
grain movement, is shown when it is re-
called that in October last the increase was
only 81 per cent over the total gross in Oc-
tober. 1890. Granger, trunk line and South
western railways enjoyed the heavier ratio
of gain. For II months the total gross earn
ings exceeded S456, 900, 900, which is s.. per
cent more than in the IL months of 1880.
Grangers, Eastern roads, Pacifics and trunk
lines make relatively the better returns.
Bank clesrings at 81 cities in the United
States this week equal s., 213, ,O70, ,S72, de-
crease of SIS per cent from last week, and
an increase of LIS per cent over the week
one year ago.
Without any decided speculative activ-
ity, the New York share market has dis
played marked tendency to improve. the
most noteworthy advance having been in
the Vanderbilt trunk lines, the Granger
shares and some of the dividend-paying
sNeciaities The heavy demand and ad-
vancing prices for bonds encourages the
market. although bearish manipulation and
the weakness of the Gould group and Of
Northern Pacific has at times obstructed
the upward movement.
European Gold Still Coming.
Foreign interests have been made the pur-
chasers in the market, and the decline of
rates for money in London, with the reduc-
tion of the Bank of England rate to So per
cent. has a favorable effect. Foreign ex-
change has advanced &c on increased in
quirv, but some small shipments of gold
from Europe have, nevertheless, been an
Wheat has sagged off during the week,
after an advance due tG decreased supplies |
and news of the increased export movement
made public by Brddstred'S last Saturday
Indian corn has been higher for December |
delivery on short supplies at leading points
OF accumulation, and inability of the rail-
roads to handle the cereal any more rapidly.
The decrease of the available stocks of wheat r
last week Of something less than zoo, 900
bushels is only nominal, as there were
about ., 100000 bushels of uncounted wheat |
atiOat in Buffalo harbor, and more than 250,-
coo bushels of wheat were shipped from |
Buffalo by rail last week This points to
probable actual increase of available wheat
last week of nearly 4, ZOO, 600 bushels.
A Big Increase Of Wheat Exports.
Exports of wheat from 12 United States
ports this week equal 6,033, 900 bushels,
against 5,799, 742 bushels, -four included as
wheat, the week before, and as compared
with 2,641 ,079 bushels in the second week
Of December, 1890
Z. G. Dun & Co., in their weekly review,
say:
As the holidays draw near, all signs indi-
cate large volume of business at the pres
ent. with growing confidence of improve
mcnt III the future, except in parts of the
South, where the unusual accumulation OF
cotton and its low price have a depressing
There is no lack of money in any
part of the country, except at some Southern ,
points, and the mere fact that cotton now
accumulated at a few ports and interior
towns represents fully $50 600, 600 in value s
paid to planters, at once explains the diff | 6
.jutv and suggests that it is not permanent |
IL l. good sign, also, that collections are
On the whole improving.
Pittsburs Tenth in Bank Business. s
The following table, compiled BY Brad
STREETS piyes the clearing house returnv for |