Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-05-09
NO GENERAL REVIVAL
Noted This Week IN The State Of
Trade by Bradstreet and Dun.
BUSINESS VERY BRISK IN SPOTS.
A More Hopeful Prospect in Manufactured
Goods Is Reported.
INDUSTRIAL AND MONEI SITUATION.

70 BrGdStreet's as in preceding weeks, did
not show general growth in the volume of
/, trade in staples, although there are in
stances where business is reported quite &C
tive and equal to expectations, even exceed
ing records of the like week year ago.
Minneapolis tells such q story, as does St.
Paul, and, somewhat modified, the like is
true of Omaha. There has been pro-
. nounced gain at Chicago. Nowhere else are
announced expanding volumes Of business
and records in excess OF 1890.
Cold weather has interrupted buying OF
some seasonsble goods, but not seriously.
West aud South the crop outlook is all that
could be desired. Sugar is said 10 be a
little late in ST. Louis and spring whent
In the Northwest, but except the probability
Of smaller area planted 10 cotton this
month, all agricultural staplN promise
heavier yields than last year.
The General Strike situation.
Industrial disturbances the 6rst week in
May have been numerous and costly.
Nearly 20, 900 coal miners struck for various
causes. although n general eight-hour de.
inAnd was not made. The building and
allied trades have been disturbed by the
eiEht.hour movement, aud The total number
~ industrial workers on strike IA not fat
ron 10000 as compared with $4,000 one
year ago, Crude iron, on the whole, has
not gained any strength, although d shade
uf Improvement IN demand Is reported from
hL Louis aud Philadelphia Coal Il IN
rather better demand. hetieeably anthracite,
alllaMaI Ia fatal gltnaaa
the mines from January 1 10 date IL nearly
1000, 900 teHs heavier than IL iike portion
4i ihso=the result Of the prolonged peliey
Of restricted production this year,
There IL no improvement among yarn
spiRneTs on manu- iaeiurers OF print cloths,
prices of the latter having declined 10
lb-lo cents, lees by per cent the lowest
ever reached, Late reductions in bleaehed
00tt0us have been met on several makes
with an advance
Drygo0ds and Wool Markets.
Boston reports an improvement In de- |
mRnd. Announcements of the suspension |
of the usual flannel sales have lent strength |
TO the tone of the woolen goods market gen. |
orally. Wool is dull, with low grade Aus |
traians in large supply aud poor demand. |
Low grade domestic wool is cent lower.
Leather and hides are dull without |
GuduEOs 1lmDeT, IL Quit6 NhTluDl6,' Is IN
disappolntingly slow demand at Boston and /
Philadelphia, but in good demand at |
Minneapolis and st. Louis. Tobacco is
somewhat more active and shade higher
at Cincinnati but is slow OF sale at Phila-
delphia. Live stock is firm and higher at
Kansas City. At Omaha cattle are higher
on light supply. but hogs are 8 cents
lower.
Tin plate lis advancing in California on
the prospect for avery large fruit crop there.
Sugar is weak and 1sc off on raw and re-
fined, on weakness abroad. Domestic de-
mand is still good, but prices promise to
favor buyers till the June fruit-canning de-
mand sets in.
Business Failures and Money Markets.
Business failures In the United States
number 166, against 100 last week, and 152
this week last year. The total from January
to date is 4, 439, against 290 last year.
Money has been more sensitive during the
week, owing TO continued exports of gold,
with prospect of further disturbance in
European money markets, owing to Russia's
demand for gold. Domestic funds are re-
turning to New York with freedom, but
country collections, with exceptions, are
not made so promptly as expected.
Bank clearlngs at 5S cities for the week
ended May amount to 81, 321, 13s 064, de-
crease from this week last wear of IL Der
cent. At 81 cities-New York's total ex-
cluded-a gain OF per cent is shown.
Gold shipments, fears of tight money aud
uneasy conditions abroad have created de-
pressed tendency in share speculation, al
though the harmonious railroad meeting.
the punishment OF rate cutting and the
adoption Of plans to render the Western
railroad agreement more stringent has
sustaining effect Bonds are dull and
steady.
Exports of Wheat and Flour.
Exports OF wheat, and Of flour as wheat.
from both coasts, increased again this week,
equalling (lrom the United States e1.
clusively) 2,273,174 bushels, against 1.g13..
go bushels in the first week of MAY, 1890;
1,275,O00 bushels in 1889, and I. 400 600
bushels IN 1898 The total from July TO
May is 81. 20, ,045 bushels. In like nor.
tioh of 1B50gO, IL wns g5, 270 600 bushels; in
1883 Sg il was 75,0O0,O0 aud in 1ss7.Ss.
10, ,lgp. COO bushels. Official reports, with
cstiB atcs, indicate Tint only about17 900 900
bushelr of wheat, visible and invisible, re-.
maiued IN the United States on May 4.
Bfadslfeet's aud Beerbohml totals of
stocks Of wheat, United States and Canada,
R1oat for Europe md available In Europs,
thow that supplies have fallen of from
January 10 May I, 1891. only 1000, 900
bushels, asoompared with ~ 0p6, 900 bushels
~ like portion of 1870, aud a. pGG, 900
bushels ln four months NJ lHbp, The Drles
u' wheat adpait ~ show renewed hifenpIb
nllar dropping ~ rnnlH n bnEhpl from the
highest poinl reached.
Ths state of Canadian Trade,
In the province Of Ontario general whole.
sale trade Ia only fairly active with col.
leellons moderately prompt staple gro,
esfles are more active nj Toronto, dry.
goods sale ~ Montreal have been eurtaiisd
10y colder weather Throughout Qusbee
trade IL quiet Cattle pEpnrI business il
Fp0i, Tao Dominion reports 81 business
iRlluTes thls week against IL last week and
20 this week last year, The total number
iron January 70 ds:s il 7Y against 72a
last year,
Il. @. Dun a. Co.'s weekly review ssyu
The struggle 10 sustain Russian securities
against she diEfaVOr OF the R0thsohilds. the
demand for gold by German bankers and
the threatened withdrawal of Russian gold
from deposits In England, France and
Germany, account for much Of the unusual
movement of specie which has been In
progress. The advance of half of per cent
at once in the rate charged BY the Bank of
England, is rightly regarded as notifca-
tIoD that England means to fortify itself In
the great struggle by drawing gold from
New York..
Comes at tho Most Convenient Time,
The sudden demand comes at the season
when this market can spare gold with less
Inconvenience than at any other and the
continued issues of silver notes make the
withdrawal from circulation less felt.
Vlouph the fact that az ner oant of ourton,.