Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-10-17
OUR FOREIGN TRADE.
BradStreet's Figures That the Vol
Ume Of American Exports
BREAKS ALL PREVIOUS RECORDS.
Business Better in the West and South,
Quieter in the East.
BREAKS ALL PREVIOUS RECORDS.
PITTsBURG CLEARINGS DECREASING
rsrrc1A1 rErEeRAM TO rnE p1srArcH.l i


shoes and hats and special kilograms to
Bra5strcst'S in a majority of instances make
mention of the resulting improvement
Heavier receipts of cotton at New Orleans
have encouraged freer purchases. although
wheat receipts there are checked by low
water in the Mississippi near Caire.
St. Louis reports a good southern de-
mand in general lines, although provisions
are sluggish. The volume of business at
Kansas City continues in excess of that for
the like period in 1890, and at Omaha the
outlook is considered very bright. Hogs
there are 10 cents lower per hundred, and
cattle a like amount higher Cincinnati
furnishes the exception to the rule. with a
tendency to decline in both volume and
prices, except for winter fabrics and iron,
which are 1irmer
TRADE IN THE NORTHWEST
Chicago, St. Paul and Minneapolis all re-
port a fairly active diStributive movement.
The Sault canal blockade checks lake ship
ments of wheat from Duluth. Portland,
Ore, is shipping wheat to San Francisco,
owing to the scarcity OF tonnage for export
4 mass meeting at San Francisco tonight
the Transcontinental Association. Fruit
shippers viii lead the movement
Iron production has increased about
"A 900 tons within month. without an ac-
knowledged increase of furnace stocks, an
unexpected tribute to the extent Of the
hand-tO-moUth demand.
Cotton warn makers report an improved
demand. Drvgoods at New York are in
only moderate request. Openings of tine
new spring goods by agents have been the
feature with a fair business. AT Boston
trade Is more active, with export demand
most prominent Print cloths are weaker,
production being again in excess Of sales.
Lower prices are quoted on some all-wool
dress goods at New York Wool is in light
demand, but firm. Cotton is Lc off on
large crop movement Rubber is higher.
En~ sugar is 1-16Gdl Sc up. Refined is in
good demand.
FAILIRFS AND STOCK SPECULATION.
business failures in the United States
number 19S. against 30 last week and la
thiS week last wear. The total from JAN
Uary l to date is ., 44S, against 1885 last
year
The dull. dropping and professional char
acter Of stock speculation has given place
II the close of the week TO increased activ-
itv and higher prices, due to covering of the
large shoct interest, supplemented by in
creased fcceign buviGe.
This revi fing tendency in speculation is
increased bv the easier tone OF the New
York money market on the receipt of gold
from Europe and decreased movement of
funds to the interior Foreign exchange,
however, had advanced on a decreased sup
ply of commercial bills and the covering of
sterling loans. The rise has temporarily
checked the imports of gold from Europe,
although about Sl,000.00O are now on the
wsv.
Railway earnings continue to show in
creaSes though on a somewhat smaller scale
than in September, for which the Stacker
movement of grain would furnish ample
reason. Bonds are dull, bu; the market
displays symptoms Of a better investment
demand
PlTTSBU1;G CLEAR1NGS DECREASING.
Total bank clearincs for this week. as |
wired to BradStrost'2 from G3 cities, aggre- !
gate 5, ,170. .1i2,5l3 from 90 cities in the |
United States. 13 per cent less than in the |
like week of 1890 The decline is largely |
due TO heavy decreases ar New York for |
the most part of speculative dealings, Bos- |
ton, Philadelphia, Pttsburg and Mil |
1vaukee. ChicagO's total increased per |
cent as compared with this week a year |
ago. Out of 63 cities reported 43 show de- |
creases. indicating that the recent check to |
the movement Of general trade was wide |
spread.
Exports of wheat for this week have |
ABOUT held their own, including flour |
amounting to 4,O93. AZ bushels from both |
coasts of the United States. This is far above |
the average in like weeks for four preced |
ing years. For 16 weeks of the new crop |
year the total Of wheat, and -four as wheat |
I
States. rs reported to BrddIyoef'S, is 66, 673,-
900 bushels as against 2S 9S9, 600 bushels in |
lG weeks of 1890. with Montreal included, |
rs compared with 81, 10, 600 bushels in a |
like portion Of 1889; 1852 600 bushels in
1855. and 53 SOS. O0O bushels in 1881.
EXPORTS LARGELY INCREASING.
This calendar wears export trade promises
to surpass all records. September bread !
stuff exports are 20 per cent larger than a
year ago; for the three months ending Sep
tember 80. 1891. they are 10 per cent
larger Cotton exports for the nine months
of the calendar year are % per cent larger,
and exports OF hreadstuffs, cotton and petro-
leum combined for the nine months are q
per cent larger than a year ago.
Net railway earnings for August on grain
carving roads show good increases. The
recent check TO general trade adversely af-
fected earnings on other groups. notably
Southern and Pacific systems Net earn
ings Of 122 roads for August aggregate only
So. 746. 634, against $50, j57, ,526 in August,
1880. an increase of only SIS per cent. and
of receipts Is per cent The showing is
better than in August, 1880, when net earn
ings decreased "a per cent Net earnings
Of 10 roads for eight months increased 81
per cent and q per cent in gross.
, & < n " |
Business throughout the West and South is
strong and improving, Al Eastern centers
there is less satisfaction and the expected
results from the harvesting Of large crops
are more slowly realized.
THE VOLUME STILL LARGE.
Yet the volume of all trade is as large rs
it ever has been, and for October may even
surpass the unprecedented record of last
wear The prevailing confidence in the
future of business continues unabated, and
is seen even in some branches which COM
plain most Of dull trade at present.
The iron trade illustrates these contra
dictorv conditions. The output of furnaces
in blast October was 1S1 ,6l5 tons weekly,
vet this enormous production is maryelOusly
absorbed The demand for use in producing
all kinds Of farm machinery and lmple-
merts is FAR greater than it has been in any !
previous year, and the quantity OF iron thus
used l. enormous. On the other hand, the |
wool manufacturer is short of orders in the
mems wear department, though Chicago
are huying more freely; but on the
whole, clothiers have not taken nearly their
usual supply Of goods, and many of the
mills are closing.
THE CLEARING HOUSE STATEMENT.
The following table prepared By Bred
streets gives 5hc Clearing House returns for