Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-01-24
SIGNS OF A REVIVAL.
The West the Solid Commercial
Rock During the Eastern FL
nancial Upheayals.
TIE EAST REGAlNS CONFIDENCE.
Fears of Labor Troubles in the Spring
Cloud on the Horizon of the
Coal Mining Industry.
IRON ACTIVE AND GLASS DULL HERE.
Reports Of the State Of Trade Of All the Leading
Cities Of the United States.
TIE EAST REGAlNS CONFIDENCE.
IRON ACTIVE AND GLASS DULL HERE.
Reports Of the State Of Trade Of All the Leading
Cities Of the United States
ESPECIAL TELEGRAM TO THE DISPATCH.

to BrddStreet'S from leading trade centers
throughout the United States show some
signs of revival, due to a normal spring de-
mand for drygoods and groceries, and at
some points of distribution, hats and caps
as well. The week throughout has been
one of numerous declines in prices and
barely steady quotations, prominent excep-
tion being sugar, coffee &c each), rubber,
oysters, apples and potatoes.
The industrial situation is only fair, with
prospect of some disturbance In .he spring,
if the coal mining organizations all demand
an eight-hour day to go into effect May /,
as appears likely. Ohio and Alabama iron
furnaces are not blown in again, yet pig
iron is as dull and weak as heretofore.
Anthracite coal is weaker, the demand
being less active than expected.
Uncertain about silver currency legis-
lation has brought about a marked dullness
In the share market.
Doubts of the Railroad Agreement
Investors and speculators are unwilling to
take action, and prices are almost stationary
on a very limited scale of transactions.
Doubts regarding the success of the new
Western railroad organization also have
some effect. A fair demand for bonds is
shown.
At Boston there is some activity among
jobbers in drygoods, as at New York and
Philadelphia. Demand for yarns has gained.
Wool is barely steady. On the whole,
spring demand for textiles is below expecta-
tions, except at Philadelphia, Chicago and
Boston. Cottons are firm. Some makes of
bleached are Nc higher. Print cloths are
trmer. Free crop movement depresses cot
ton 1sc. AtCincinnati there is fair move
ment of general merchandise, as there is at
Memphis, Chicago, St. Paul and New
Orleans. Trade is checked at Duluth by un-
seasonable weather. and collections there are
poor. Orders for some staples are freely re-
ceived at St. Louis, but cotton, wool, hides,
lumber, iron and hog products there are all
dull. There is fair spring demand at
Omaha, except from the Southwest, where
crops have failed.
Collections Somewhat Difficult
The general tendency of money through
out the country is toward greater ease. but
mercantile collections are not, as rule, sat-
isfactory. Business failures reported to
BrddStreet'S number 357 in the United States
this week, against 366 last week, and 324
this week last year. The total IRON Jam
uary l to date is l 1,260, against 1, $40 last
year.
In the Province of Quebec the general
volume of trade is light and is not expected
to improve much before spring. Collections
are unsatisfactory and banks are cautious as
to loans. Recent failures there are not ex-
pected to have further serious effects In
Ontario wholesale trade is active. There
have been heavy arrivals of drygoods from
the United Kingdom. Groceries are frmer
Money is easier.
Collections are slow in Manitoba owing
to the farmers holding back wheat for higher
prices General trade is better than year
ago.
The Dominion of Canada had 56 failures
this week, against 81 last week. The total
number from January 1 to date is 176, against
169 last year.
Bank Clearings sthI on the Increase.
Bank clearings at So cities in the United
States for the week ended January % are
S, las, ,279, 1876, an increase over this week
last year OF 80 per cent. New York Citv's
clearings, which constitute 60 per cent of
the grand total, are fraction more than
those for the same period last year. while at
81 other cities the gain is 80 per cent.
R. G. Dun & Co.'s weekly review saws:
1t has been noteworthy throughout recent
financial troubles that Western centers of
trade have been comparatively free from
disturbance or apprehension, and now the
energy and growth OF the West have their
effect in larger trade and stronger conf
denee in Eastern centers. In reports of this
week, moderate but steady increase in the
volume of business, compared with last
year, is the most striking feature. AT
Chicago heavy increase In all grain re-
ceipts and in pure meats and hides is noted,
with some decrease in lard and dressed beef;
but in drygoods and clothing trade is much
larger than year ago, and somewhat larger
in boots and shoes.
Reports From the Leading Cities.
Trade is healthy and no fears are OBJ
served. AT Cincinnati the clothing and
shoe trades are particularly active at St.
Louis trade is strong in nearly all lines. At
Kansas City the failure OF a bank has
scarcely any effect on business. Receipts of
cattle are $4,000 and of hogs "a, 900, and
banks are taking care OF their customers.
AT Minneapolis the lumber demand is un-
usually good and the -four output 12O, O0G
barrels, and at st. Paul trade exceeds ex-
rectations. Omaha trade is quiet, money
close, ana collections backward, and at
Milwaukee unreasonable weather checks
business, though money is easy and collec-
tioDs very fair. Cleveland reports money a
little closer and collections slow, but a lair
trade and confident feeling, while at De-
troit money is easier at per cent and bust
ness conservative in tone.
The State of Trade in the South.
Turning to the South, we find improving
business at New Orleans; fair receipts of
cotton and strong market for sugar, with
ample supplies of money. At Louisville
trade opens we'll and the monetary situation
improves. At Jacksonville good trade is
noted, and at Baltimore, manufacturers and
jobbers are we'll ahead of last year, and
there is large increase in the shoe, leather
and hide business. In consequence, East
ern centers show more activity.
At Pittsburg somewhat more activity is
seen in iron, though glass is rather dull and
some factories temporarily closed. The
iron trade is stifened by the large decrease
in production. The demand for bar does
not improve, however. Orders for plates
are somewhat scarce, and trade in structural
iron is only about fair, but in pipes ex-
cellent The coal trade is comparatively
quiet. Copper and tin are steady and lead
little weaker.
Farm Products Higher and Lower.
The market for breadstufs has been
stronger, and wheat has advanced a quarter,
corn one cent and oats three-quarters, while
pork and lard are a shade lower Coffee is
10 cents per 100 pounds lower than a week
ago on small dealings, and oil is three
quarter cents higher, but cotton is one-eighth
lower.
There is no material change in the volume
of money in circulation, though the Treas
ury has put out $500, 600 more of money than
it has taken in, and has issued in addition
$500, 900 more silver notes. The return of
money from the interior pushes the rate
downward here, and greater ease is noted at
most Eastern points, with a better demand