Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-10-07
FEATURES OF TRADE.
Hot September Weather Curtailed
the Dairy Product Supply.
PRICES ARE NOW TENDING HIGHER.
Receipts of Coffee Large and ALI the Signs
Point TO Drop.
FOOTWEAR PROMISES TO GO HIGHER
OFFICE OF PITTsBURe DISPATCH, I
TrpSnAN nct 1891

TUESDAY Oct. 6, 1891.
Bv reference to domestic market column
it will be seen that dairy products are tend
ing toward higher level of prices. For a
week or two past there has been scarcity
of high grade creamery butter in this mar
ket. From all trade centers comes the re-
port of short supplies in dairy product lines.
The shortage is explained by the hot Sep
tember weather which dried up pasturage
and lessened supplies OF milk all over
the dairy regions of the West The Sep
tember heat, while of immense advantage to
the corn crop, was other than advantageous
TO dairy products. September make oil
cheese is expected on tho market this week
and supply will fall below expectations OF n
month ago Prospects are for higher prices
OF cheese in the next week or two. The sep
tember drought according to some estimates
lessened the milk supply almost - per cent
and we are now reaping the fruits OF TINS
shortage in advancing prices OF dalry
products.
The Coffee Outlook.
In the past week coffee has declined &c
per n in jobbing way, and it is by no
means certain that bottom prices are yet
reached. Receipts are still very heavy in
New York The total of Rio received last
week was 100000 bags. A large proportion
OF this has gone into consumption, having
been sold to arrive There is diversity OF
views among jobbers as to the future of
coffee markets Some mold that bottom has
been reached, and that now is good time
70 buv Others hold that we are not yet at
the bottom Following are latest statistics
OF visible supply of Rio coffee as compiled
by the Boston Herald:
The daily Rio cable re~orts the market
steady with receipts of ,0G0 bags, with 90,
600 bags of santos. The stock at Rio is re-
ported at 345, 900 bags: same time last year
1s.1r t.r-g IL 10 Ool1 In taG
that market steady, with exchange at l5S4d.
The daily average OF receipts for the week
has reached IL 500 bags. The shipments to
Europe for the week were 46, 900 bags, and to
the United states IS 600 bags. The New
York visible supply of coffee is now re-
ported at 4S7, ,S24 bags; same time a year ago,
The total receipts of Rio coffee on the crop
to September % have been ,2243 900 bags;
same time last year, 726, 900 bags; same time
in 1889, SO bags The receipts in both Rio
and Santos to September 81 have been 1,122,-
oo0 bags. The stocks in Rio and Santos
in New York and afloat for the United
States show total of 1000 974 bags.
As to Footwear.
The shoe and leather trade which has
been depressed the past few months begins
TO give evidence OF revival The large num-
Der of assignments of Boston shoe houses
had depressing influence on trade in the
months Of July, August and September. In
the past week there has been favorable
turn to trade and il is evident that the
worst is past. The Chicago Shoe and Leather
Repie1C has this to say of the situation:
Two years ago the leather trade passed
through financial crisis, and was rebuilt
upNn a sounder basis, basis of reform and
retrenchment, which is now virtually doing
a world of good for the tanner and the
leather dealer The curtailment in the pro-
duction of leather has perhaps, never been
so marked since the period oil our Civil War,
as il has been the present season. Leather
has not been piled up in the great store
houses in the face of an absence of demand
this year. On the other hand. the output of
leather has not exceeded the demand, but
stocks have been growing beautifully less.
The law of supply and demand is more
equally balanced at this time than for years.
There is no question on this point. If this
state of affairs shall continue it will do more
than any other one thing to re-esta blish
credit and confidence in the trade of this
country"