Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-09-05
TRADE IS VERY FAIR,
According to the Weekly Reviews
by BradstreetS aid R. G. Dun.
PORK is GOING TO GERMANY SOON.
The Wheat Crop Enormous, the Corn
Crop Saved and Money Easy.
DECREASES IN THE BANK CLEARINGS
ESPECIAL TELEGRAM TO THE plsrArcH.l


in several lines of staples, notably in dry
goods, worsteds, hats and caps, clothing,
hardware, provisions. rubber and lumber.
The volume of general trade has expanded
at Chicago, Minneapolis, st. Paul, Omaha,
Kansas City, st. Louis, New Orleans, Gin
cinnati, Philadelphia, Pittsburg and Bos-
ton. New York also shows a gain, that
city's bank elearings this week being nearly
$50, ,00G 900 larger than last The number
of shares traded in at New York doubled
during the week, the value of transactions
in bonds and bales of cotton nearly doubled,
while dealings in wheat increased over 40
per cent as compared with last week.
San Francisco reports the opening of q
very prosperous busiress season. AT Kansas
City receipts of cattle and hogs are light,
but at Omaha cattle are not plentiful. The
weather South is less favorable for the
crops, and in Nebraska cold nights have
tendency TO curtail the corn crop.
FAILURES AND BANK cLEARINGs.
Business failures in the United States
number 17S, against 1856 last week and al
this week last year The total from Janu-
ary l to date is s,093, against 6,9SS last
year.
The improved trade outlook has not as
vet shown itself in bank clearing totals.
August clearings at 5S cities aggregate
g, 1872, ia, O75, decrease of 1874 per cent
from those of August last year. The bulk
of the decrease is caused by the decline at
New York. Outside of that city the decline
is only 81 per cent. The decreases at New
York, Philadelphia and Boston combined
practically account for the entire decline in
August. The total clearirgs at As cities for
eight months are S35, ,093, 900 1866, decrease
of 100 per cent from last year.
Although reports of frosts in the corn
belt, supplemented by active professional
manipulation, caused some bearish mani
festations in the stock market, speculation
in Wall street continues to widen, while
prices still display material advances A
feature of the market is the extent which
the foreign buying of our securities has as
sumed, European spectators being appa-
rently greatly impressed by the favorable
outlook on this side of the ocean.
NO EFFECT FROM THE GOLD MOVEMENTS.
this direction has begun with shipments of
81, sol, 900 from the continent, although ex-
change is still above the gold importing
point, has had no little effect The New
York loan market is sensitive, but has re-
ceived assistance from the disbursements of
over $4,000, 600 by the Treasury in the re-
demption of the AZ per cent bonds
s.. Exports of wheat, with -four included,
both coasts, this week are 5, Al, ,566 bushels,
against 6, ,34S, ,054 bushels last week, 5,761,-
1S7 bushels the week before, and 5,147, $50
bushels the second week in August. The
decline is due to smaller exports from San
1zls
cluded, this weeks total is nearly 5000, 900
bushels, wheat and -four, against one
quarter as much for the like week year ago.
In the like weeks in 1889, 1888 and 1887, the
United States total shipmens of wheat and
-four ranged from 2,679, 900 to 2,S51, 900 and
to 2, ,361, 900 bushels, respectively. Total ex-
ports from the United States, both coasts,
for ten weeks equal nearly $4,000, ,OO0
bushels. In 1890 the like total, including
Montreal, was only 20, ,555, 900 bushels; in
1889 the total, United States exclusively,
was 10, 600 bushels; in 1888 it was
q, SOC, 600 bushels, and in 1887 it was &c.
S21 900 bushels. For five weeks past the
average weekly total of wheat and -four ex-
ported from the United States has been
5,345, 600 bushels.
THE SEASON FOR DRYGooDs
The fall drygoods jobbing trade is now ID
full swing. All departments are active and
collections are improving. Agents are
doing good business. Print cloths are "a
cent higher on the advance in raw material
There is talk Of a strike caused by the per
cent reduction of wages.
Michigan, Ohio and Texas wool is fairly
active. Values are firm and worsted and
dress goods mills are chief buyers Cotton
has advanced 11-16 cents within ten days on
reports OF damage to the crop. Aside from
the crop question the 1rfbsok is regarded as
bearish, owing to large stocks carried over
and the short grain crops abroad. Last sea-
sons cotton crop aggregated 8, ,652, 900 bales,
and the worlds visible supply now is 600,-
O00 bales larger than year ago
L. G. Dun & Co. weekly review says: |
business improves in all sections at the |
South, partly because of the increase in the |
cotton crop and the consequent advance in |
price. The wheat crop is out of danger and |
is enormous-undoubtedl the largest ever
grown, and moving with unusual rapidity.
The corn crop has been saved and is very
large in most of the surplus producing
States, and even within the range of recent |
trosts appears to have been in part beyond |
injury.
OTHER FAVORABLE SIGNS.
The monetary situation is also decidedly
clearer and more favorable. Foreign needs |
appear less urgent, and the danger of sue
cessful resistance to American demands for |
gold is diminished
The removal of the German prohibition |
on American pork imports promises |
largely increased demand for those import |
ant products and a considerable addition to |
merchandise exports for the year. Exports |
from New York in five weeks exceed last |
years nearly 81 per cent, and while i'm |
ports also increased largely the balance of |
trade turns decidedly in favor of the United |
States The injury to cotton may also |
hasten exports of that product, which /
foreign operators, knowing the large stock |
in Europe, might not have bought early
had the American crop been full
The reports from other cities express in
creased confidence and show some actual
gain in the volume Of trade. Steady i'm
provenlent is seen at Boston. At Philadel-
phla Improvement is seen in iron and coal,
steady buying OF wool by manufacturers,
especially of worsteds, and a fair trade in
tobacco and chemicals, but collections are
dull. Manufacturing is active at
Baltimore, and the jobbing trade is healthy.
Clothing and dry goods are especially active
and collections fair at Cincinnati
1.-THE WESTERN METROPOLIS.
At Chicago wheat receipts are four times
last wears, rye nine times, corn and dressed
beef double and oats show an increase,
while some decrease is noted in -four, about
1ne-half in barley and cured meats and
quarter in lard. Sales of dry goods exceed
asst wears, which were phenomenally
arge, and in clothing and shoes the trade is
immense.
EARDsHIPs OF HEBREW REFUGEES.