Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-09-19
The Autumn Movement Begins a Full
Month Later Than Usual.
MORE ORDERS OF IRON PRODUCTS.
Wheat Exports Probably Larger Than in
Any Week on Record.
RAILWAY EARNINGS ARE INCREASING
ESPECIAL TELEGRAM TO THE DISPATCH,

kpGCldl lGl6SIdAls W DFUuStfocG COIIODOEdtC
the statement that the autumn's distribution
in general lines has started in month later
than usual The exceptions are at Chicago,
Minneapolis ST. Paul. st. Louis, San Fran
CISCO Kansas City and Omaha. The larger
Eastern cities have not felt the renewed de-
mand so quickly or sharply as in former
years.
Leather, hides and lumber continue in
more active request at Boston and st. Louis,
but there is less demand for hog products at
Cincinnati, st. Louis and Kansas City.
There is also larger number of orders for
merchant and manufactured iron at Boston,
Philadelphia, Pittsburg Cincinnati, Cleve-
land, Chicago and st. Louis. The demand
from the South is improving, and weather
advices from Kansas and Nebraska are very
favorable TO the Indian corn crop.
MANUFACTUREs LOOKING UP.
A rather better feeling and more activity
is reported from manufacturing industries
generally. The demand for coal has i'm
proved.
Business failures in the United States
number 236, against 233 last week and 175
this week last year. The total from Janu-
Hry l to date is s,562, against 7,267 last
year
The price of wheat has advanced 1@1K
cents during the week on foreign advices, re-
newed buying and continued heavy exports
in the face of very large additions to avail
able stocks. Indain corn, with good pros
poets and increased stocks, is off Cos cents
and oats cents. Exports are the heaviest
for any week this year, if not in any week
z IL =.
cludlng flour, from United States ports and
1852, 1863 bushels from the United States
and Canada. In the preceding week the
total was 4, ,726, 232 bushels from the United
States.
From the United States and Canada in
Its like week of 1890 the total was only $685.
us bushels and from the United States
alone in 1889 it was 2,098, 900 bushels; in
1855, 2,S31 900 bushels and in 1885,, 2, 785, 900
bushels, For L weeks of the cereal year
the total exports of wheat from the United |
States, including flour, both coasts, as
wired to Brddareet's, equal sc, 526, 900 !
bushels, against %, 021, 900 bushels from the |
United States and Montreal in like por- |
zion of 1890, %, pa, 900 bushels from the |
United States, in 1885, 81, $40 600 bushels |
3n 1888, and as compared with Al, ,2S7, 900 |
bushels in u weeks of 1887.
THE RUSSIAN PROHIBITION.
A special cable dispatch to Bradstreet's,
September IS, from Mr. j. Beerbohm, of |
London, states that Russia's reported pro-
hibition OF exports of wheat extends only to
shipments across the Persian frontier
= The bullish tendencies of the stock mar
Ret have been augmented and confirmed by
the practical safety of the corn crop, the de-
cline Of exchanges and the continuance of
gold shipments from Europe. The latter
circumstance creates greater confidence in
the money market, which, while firm, shows
few signs of approaching stringency, al
though funds are moving West and specuIa-
tive activity creates additiona! demands.
Foreign buying of our stocks is pronounced
and supplements the increase of public par
ticipation in the stock market, which at the
close of the week is very active, with
marked advances in the Grangers, Trunk
lines and Coal shares, as well as in num-
Der of neglected specialties.
Bonds are very strong, income issues
showing considerable gains. Foreign ex-
change has fallen l5(d34 cent on the pound,
rates being practically at the gold import
ing point, although an advance of interest
rates in London and reported restrictions on
deliveries of gold may delay the movement.
The gold shipped from Europe this week
amounts to S2,05O,0OO.
WHAT BANK CLEARTNGs SHOW.
fOduh CledIlUgS at 30 ClllSS JOT Inc week 1
amount to 81. 1913, ,15S S02, a decrease from
the same week last year of 6.7 per cent. At
% cities, New Nork's total excluded an in
crease of 3 per cent is shown. There were
at New York Of S99, ,021, ,S61 and at
Philadelphia of S9, 076, ,704 as compared with
the week a year ago. At Chicago the in
crease was So, ,161, ,S33 and at Boston S11, ,555,-
BIS New York's total increased S91, ,654, $50
over last week.
III, l. |
able than those for June, but exceed those |
OF July last year by nearly 10 per cent The
tendency toward gain is more marked in
the returns from the Changers, Trunk ]ines
and Southern and Southwestern roads. The
Pacific roads are the only weak spot, but
the unfavorable showing of Union Pacific
had a marked effect on the entire exhibit.
The net earnings of 121 roads for July ag-
Eregate SIG, 464, ,955 net gain over the July
total last year of 99 per cent in net, with
only 81 per cent gain in gross. For seven
months the net earnings of 107 roads aggre-
gated S94, ,5O3, ,S72, gain of SO per cent. The
gain in gross earnings was only 1.9 per cent
over the seven months total for 1890.
DRYGooDs, COTTON AND WOOL.
Drygoods are in active distribution bv
5obbers Cotton goods prices are strong, |
Tor low grades particularly so, and ad-
Nances are numerous Print cloths are Lice
higher, and several brands of staple cottons
are A(g15c higher, not SO much owing to |
the demand as to reduced stocks and the
advance in raw cotton. Woolen goods are
quieter at first hands
Wool is quiet and demand for domestic is
moderate. Cotton is &c off on large re- ,
ceipts, better crop adyices and weake. for
eign advices {
II. G. Dun & Co. s weekly review saws: r
The hot weather at the West is worth to the
country many millions every day. With '
money coming for stocks and bonds, as well
as for wheat and cotton, and with liuuida- /
tlon Of farming Indebtedness, the prospects
Tor business this fall are unusually bright.
Actual Improvement is seen in nearly all l
the cities from which reports are received
this week. At Boston trade is enlarginr.
AT Philadelphia business is more active.
and the iron market is stronger. At Cleve-
land trade is increasing, and at Cincinnati
the shoe business is especially active, but ,
the carriage trade quiet.
AT WESTERN POINTS.
At Chicago some decrease in receipts of
lard, butter and wool, compared with last .
year, Is reported for the week, but increase :
IN flour, barley, cured meats, cheese, hides Z
and gain Of 14c in oats, while receipts of I
rye and wheat are six times those of last a
year. AT Minneapolis trade is active in 3
lumber and flour, shipments of -four being d
more than double those of the last year. At Il
81. Paul trade greatly exceeds expectations,
and at Omaha is good though money is S
close. AT Milwaukee it is observed that
he weather has greatly imnrovad the pros Y