Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-10-10
FALL TRADE Is SLOW.
The Volume of Business Is Larger
Than Any Previous Year. but
THE PROFIT PERCENTAGE Is LESS.
A Very Favorable Report of the Condition
Of the Iron Market.
BRADSTREETS AND R. G. DUN'S REVIEWS
ESPECIAL TELEGRAM TO THE DIsPATcH.l

ESPECIAL TELEGRAM TO THE DIsPATcH.1
NEW YORK, Oct. Especial kilograms to
BradStret'S from leading trade centers con-
tinue to emphasize the previously announ-
ced delay in the movement of the autumns
business At Boston trade generally is
quiet, though woolens are in better demand
and rubber is higher Leather is in less
active request.
New York wholesale dealers do not report
a recent gain in any line, and late increases
in the volume have been barely sustained.
At Philadelphia trade is not generally
active, and as elsewhere at leading centers
the favorable outlook, commercially and in
dustrially, has not been realized as yet.
Anthracite is costing wholesalers little
more per ton. Leather at that point is
frmer and tobacco in good demand and
higher
Unreasonable weather has checked the
general distribution of goods at Cincinnati,
Omaha and elsewhere in the Central West
and Northwest. Roads are heavy and inter-
ior trading is interfered with.
NTHE GREAT NORTHWEST.
The active movement of merchandise at
Chicago, Minneapolis, st. Paul and st.
Louis is continued, but without reported
gains as compared with last week. There is
some gain at Kansas City, New Orleans and
San Francisco. At the latter wheat prices
continue above parity with Liverpool quo
tations, and exports are checked.
Business failures in the United States
number 230 against 208 last week and 1873
this week last year. The total from Janu-
ary to date is $3.50, against ,SO8 last year.
The price of wheat is 1 cent higher than
week ago. Exports this week have in
creased, amounting from United States
ports alone to 3, 1858, $40 bushels, including
-four, as compared with 3, ,4O5, ,9S2 bushels in
the previous week, and with 4, III SOL BUSH
els in the week before. In the first week of
October, 1890. the like total was 1,516,759
bushels from United States and Canadian
ports, and in 1888, from United States ports
alone, the totals shipped abroad were each
little more than 1, 800, 900. bushels, and in
1887, 1,708, ,528 bushels. Including Mon
treal's exports this week the total of wheat
and flour exported aggregates 4,515, ,815
bushels, againt 8, 759, ,091 bushels last week.
For Is weeks of this, the current cereal year,
exports from both coasts of the United
States amounted to-. 50, $50, 900 bushels, as
compared with 27, ,295,0OO bushels in the Is
weeks of 1890, 2S, ,363, 900 bushels in 1889,
81, ,575 900 bushels in 1888, and 52,032, 600
bushels in like portion of 1887.
THE STOCK MARKET DULLER
Speculation in the share market has
been less active, and professional manipu-
lation of prices has been facilitated by the
apparent curtailment of public interest.
But, though the market was affected by
rumors that various railroad corporations
contemplate issues of bonds or stock to
provide for necessary equipment and bet
terments, and the disturbance in the Eu-
ropean loan markets temporarily checked
foreign buying of our stocks, prices yielded
but slightly and display tendency to re-
cover
The amount of gold en- route from Europe
is S., 400, 900, and foreign exchange, though
at times affected by fears of rise of inter-
est rates at London, has remained at the
gold importing point The New York
money market, while firm, shows an in
creasing disposition on the part of lenders
to put out funds at the present full rates.
Bonds are dull and slow.
Bank clearings at 5S cities for the week i
amount to 81, ,225, ,837, ,951, an increase overJ
the week last year of IL per cent. At 81 |
cities, New York's total excluded, a very |
slight increase is shown. There were in |
creases at New York, S13, 1853, 900, and at |
Boston, 81, ,137 200, as compared with the |
week q year ago New York's total de- |
creased $1o7, OF, ,s58 from last week.
HEAVY RAILROAD TRAFFIC. I
The large grain movement and improved |
general trade outlook are reflected in the |
September gross earnings of railways, which |
show the heaviest percentage of gain over
the like month in the previous year of any
month since May, 1890. The total earnings
of 131 roads for September were S42, ,688, ,972,
against $50, ,184, $40 in September, 1890, a
gain of g. 8 per cent over last year.
Trade in drygoods does not come up to
expectations. Some slight improvement |
has been noted as the result of cooler
weather, and a steady continuance of this
it is hoped, will stimulate trade.
Prices are firm. Print cloth stocks are de-
creasing.
There IS no gain of moment in the iron
and steel industries. Hats and caps and
boots and shoes, hardware and groceries
maintain good share of previously noted
activity.
r. G. Dun's weekly review says: Failures
Ire rather numerous, but are in nearly all
,ases the results of long-continued COM
nercial strain since the foreign disasters of
asst November. 1t is true that prices of
nearly all manufactured products are low
IND the margin Tor pr0nt very narrow, while
;he competition is severe. But the volume
If trade is larger than in any previous year,
n spite of the fact that some branches of
business are retarded. 1t is also true that
collections in some quarters are slow, but
he latest reports from various sections are,
IN the whole, more favorable.
THE IRON MARKET FIRNER
The news regarding the chief industries
$ decidedly favorable. The iron industry
S more firm in tone 1t is felt that the
lelay in improvement of the demand for
ails is at present the only barrier to gen.
raj advance. In copper there is uncer-
ainty, with sales of lake at II. 80 cents.
Tin is dull at 20.10 cents, and lead is in
moderate demand.
The treasury has made but slight change
n the supply of currency. With large re-
eipts of gold since October 1, and more
oming, the shipments to the interior have
.lso been lessened for the moment Bnt
markets at Chicago, st. Louis and some
'ther Western points show a stronger de-
nand, indicating that larger shipments
rom the East will presently be required.
IN the whole, the outlook for industrial
progress is decidedly satisfactory.