Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-12-05
BOOMING IN SPOTS.
Trade Is Reported Quite Lively in
Half a Dozen Large Cities.
ALL IN THE WEST EXCEPT BOSTON.
A Slight Decrease in the Volume of Busi-
ness at Pittsburg.
BOTH IRON AND STEEL STILL FIRM
ESPECIAL TELEGRAM TO THE DrsPATCH.1

I ESPECIAL TELEGRAM TO THE DrsPATCH.1
| New YORK, Dec. Especial telegram.
to Bradstreet's report quite an irregular
movement ofgeneral trade. The more fav
Kansas City, Omaha, Minneapolis and Sar
Francisco. In Nebraska the late cold snap
caused country merchants to send in mai
orders freely. In Missouri and Kansas,
tributary to Kansas City, the volume Of
business is fairly large, and is held well up.
From Boston are received more encour.
aging advices, sales of drygoods, woolens,
boots and shoes, leather and rubber, as well
of wool, having increased, with the pros.
pect of the Improvement continuing into the
| new year
San Francisco reports a fairly active
trade, although heavy rains have cut into
it, while encouraging the agricultural
regions OF California by preventing re-
currence of a dry season. 1t is stated tha!
California wheat prices will probably be
lower; wines promise to be higher, owing to
a short yield.
Trade Only Moderate Elsewhere.
Almost all other cities report only a
| moderate volume of business. At Memphis
| it is only fair; at Cincinnati it is sluggish,
groceries and provisions, clothing and boots
| and shoes particularly; at Savannah trade
| is quite dull, as at Galveston, New Orleans
| and Baltimore, slow collections and con-
tinued depression in the price of cotton
tending to affect interior buying
There is also some decrease in the volume
of trade at Pittsburg, where Bessemer pig
has declined to SIS % per ton. The re-
Gently added frmness in iron and steel is
visible, but not much more may be claimed.
Pig iron buyers are inclined to hold aloof
from the market, and makers, who are turn
to pile up iron. The condition of the steel
rail industry is rather better, as good vol
ume of orders have been placed for 1892 de-
livery.
Anthracite coal is firm, and with future
cold weather will go off freely. The pros
pect is for an output of nearly 40, 900, 900
tons this year, the heaviest on record.
Few Changes Among the Staples.
Prices of staples this week have not
shown marked variation. Wheat is off l 4
cents. corn cents, and oats are up cents.
Raw cotton is 1-16c less on a moderate
demand and free receipts while wool sold
so freely relatively at recent cut at Boston
that the price soon became firmer. Coffee
is unchanged. Prices of live cattle and
hogs are lower on freer receipts at Western
packing points. Rubber quotations are
higher.
Business failures in the United States
this week aggregate BOG, against 242 last
week The total from January 1 TO date,
is II, ,240, against 9,501 in like portion
of 1890
The movement in drygoods at Eastern
cities, notably Boston, is more active. The
Christmas trade has created good demand
for fancy dress fabrics, prints and ginghams.
In plain and colored cottons there is, also,
better inquiry. For new prints and
ginghams some large contracts have been
made. Woolen ano worsted goods are
more active, but the demand is not as strong
as expected. Farther West no improve
ment is noted, Philadelphia woolen manu-
facturers report inquiry dull and prices
unsatisfactory.
The Effect of Goschen's Announcement.
Share trading at New York shows firm
tone and an advancing tendency on mod
crate activity, the market sympathizing
with the improved speculative conditions at
London, due to the announcement of the
Chancellor of the Exchequer's plans in re-
gard to increasing the English note circula-
tion. Increasing railroad traffic and earn
ings and the prospect of larger dividends
also have an effect At the same time the
Gould shares show weakness, and Richmond
Terminal has declined on apprehension of
reorganization. In the early part of the
week the market was disturbed by the pc
culiarly bad failure of a stock house. Bonds
and investments are in increasing demand.
Silver is active at sharp advance in
quotations, both speculative and export de-
mand being stimulated by the favorable in
terpretation of Mr.. Goschen's utterances in
regard to silver Foreign exchange is frmer
on demand for January 1 remittances and a
decreased supply of commercial bills. Frac-
tional concessions were recorded after the
explosion Of dynamite bomb in the office
of Russell Sage.
Movements of Wheat Here and Abroad.
The total wheat available in the United
States and Canada, both coasts, November
%, equaled "a, 81 ,521 bushels, more than
II 900, 900 bushels in excess of the total re-
ported one month ago; fully 17,OO, 900
bushels larger than was reported December
l, 1890; II 100000 bushels more than two
years ago, and 16, 400, 900 bushels more than
December 1, 1883. Stocks of wheat east of
the Rocky Mountains are Al 200, 900 bushels
larger than on July l. In the like five
months of each of the preceding years the
net gain of like available wheat stocks was
as great. There was no corresponding in
crease on the Pacific Coast. Stocks of
wheat in Europe and afloat, therefore, on
December l, were Il, SOC, 900 bushels larger
than on November l.
The total available wheat in the United
States and Canada afioat tor and in Europe,
as cohled to Brd1Sfreet'S shows an increase
of 25 100000 bushels in November against
%. 260, 900 bushels increase in October, and
as compared with %, 900, 900 bushels increase
in September. The weeks exports of wheat
and flour from II ports equal 5,662, 900
bushels, a noteworthy increase.
The Bank CIearings for Last Month.
November's total volume of bank clear
ings at A cities is S4, $50, ,69s, ,3O4, or Sc per
cent less than in November 1890 This de-
crease is not quite as great proportionately
as was the decline of clearings generally
during October last, as compared with that
month in 1890. New York City's Novem-
Der clearings total was S2,94S, 26O, 9O9, or 8
per cent less than in November, 1890. The
activity in the share market in November
and December last year due to financial
complications abroad, produced a volume of
transactions not likely to be exceeded in
like portion of this year. For II months
bank clearings at A cities aggregated $780,
44O, 1914, $40, or S.4 per cent less than in
like portion of 1890.
R. G. Dun & Co.'s weekly review of
trade says The only change observable in
the condition of business is gradual i'm
provement of many branches of trade, and
some improvement is quite satisfactory.
One sign of an unfavorable character is that