Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-10-31
WEATHER TOO WARM.
That and the Pause Before the Holi-
day Rush Makes Trade Dull.
FAILURES AND BANK CLEARINGS.
The Condition of Leading Industries During
the Past Week.
'AILURES AND BANK CLEARINGS.
THE HEAVF IRON OUTPUT CONTINUES

SPECIAL TELEGRAM TO THE DISPATCH!
NEW YORK, Oct. 3O.-In reply to specia
inquiry by Brddstreet's this week, tele
graphic reports from the more prominent
business centers confirm the analysis of the
general trade situation presented last week
and point to Widespread check in the move
ment of staple products. The volume Of
business, on the whole, appears of fair pro
portions, but smaller than it was two ol
three weeks ago.
West and Northwest, mild, and at some
points quite unreasonable, weather has
checked trading, while from other cities
ness is over. The present constitutes an in.
terval prior to an expected rush in the holi-
dav trade.
There has been no Improvement at Bos-
ton, except for rubber. At Philadelphia
worsted spinners are fairly active but
textile manufacturers generally report trade
dull The iron output, too, is keeping
further ahead of demand than was hoped
for.
Trade in the West and South.
There has been no gain at Cincinnati in
anv line, with collections slow ana reduced
sales of drvgoods, notions. clothing and
boots and shoes. Business at Chicago,
Omaha. MINNEAPOLIS, st. Paul and Duluth
is characterized as satisfactory for the sea-
son, but 'cOlder weather Is needed. st.
Louis and Kansas City report autumn trade
ended. At New Orleans the movement OF
general staples TO the country is fairly
active At San Francisco general trade is
quite satisfactory.
Business failures in the United States
number 2O5. against $50 last week and 164
this week last wear The total from Janu-
arv to date is 1883, against 1851 last year.
Speculation in the New York share mar
ket shows a certain amount of underlying
strength with a tendency In prices to rally,
due to the increasing ease Of money and the
growth Of demand for bonds and invest
ments AT the same time the narrow con-
ditiOn and hesitating temper Of speculation
have been increased by the approach of the
elections Money continues 10 become
easier. and there is notable demand for
commercial paper.
Movements of Wheat and Flour.
Exports of wheat, including flour as
wheat, from both coasts of the United States
and Canada this week. as reported to Brad
streets, equal :. 519. 2O4 bushels, as compared
with 3,7S3, 17S bushels the week before,
and with /, ,365. 369 bushels in the week pre-
ceding. In the fourth week OF October,
1890. the like total was l, ,99i, 600 bushels. In
similar weeks in 1882 1888 and 1881 the
totals, from the United States alone, were
,Oq3. 600 bushels, 1,342. 600 bushels and
]. .Snq. 600 bushels respectively. From
United States ports alone this week the
total is ). .3S1. 123 bushels. For Is weeks of
the current cereal wear the total of wheat,
and -four as wheat, exported from the
United States has been 13,j55,000 bushels;
from the United States and Canada in a like
period of last wear it was 3D. 766,0 600 bush
els: from United States ports in 1889 1t was
"a ,412. 600 bushels; in 1888. SO, 122, ,000 bush
els. and in 1887. -, 703, O0O bushels
BrqdStrea'S London cable advices, October
80. are that the recently reported Russian
prohibition of wheat exports is believed to
be true, although not officially confirmed
Drygoods have been in fair average de-
mand. With agents a fair business in
spring goods is doing. Fall goods are quiet,
hut cooler weather has helped the jobbing
distribution Of heavy goods
The Condition of Cotton and Groceries.
Staple cottons are generally held firm,
and are strong as to prices. Some bleached
goods have been reduced &c. Wool is
lower all along the line, dull trade having
had no effect.
Raw sugar is 1-16c lower on early free
sales, but is strong at the close Oh short
European beet crop reports. Refined is
unsettled aud ! per cent higher on good
consumptive demand.
Bank clearings, as wired to BrddStreet'S,
are from 81 cities tnis week. The total,
81, Ia Sol, 95S from 81 cities in the United
States, is g. per cent less than in the like
week Of 1890. The deblihe is largely due to
the decrease at New York CITY Chicagos
total increased ~ per cent as compared
with the week year ago. Out of 90 cities
reported. Sc show decreases.
R. g. Dun s. Co. s weekly review saws:
The improvement in business continues. 1t
is greater than before at the West, consider
able at the South and clearly perceived at
the East. Yet the discouragement in some
branches of the industry is not less, but
more apparent than before, evidently be-
cause calculations have been made upon a
more rapid and great increase in business
than has been realized.
Changes in the Iron Situation
The iron industry shows most change Ex-
treme anxiety to sell pig iron and financial
weakness in unexpected quarters. produce
present depression which is in curious con-
trast with the abounding confidence which
prevails regarding the future. Bar mills
find lack of large orders Plate mills have
fair business at the lowest prices ever re-
corded, and structural iron is irregular and
also very low. The anthracite coal market
Is more cheerful Copper is depressed bv
heavy sales at 111E cents for lake Tin has
gone below 20 cents, and lead has sold down
TO %. cents.
THE German settlers of Pennsylvania is
ad fircf n
A valuable historic paper In THE DIS
patch so-y,,orroxv