Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-08-08
EXPORTS INCREASING.
General Trade Continues Evenly
Without Much Change.
FEW INSTANCES OF DECREASE.
Bresdstuffs Improving Both as to the Price
and Demand
BANK CLEAR1NGS MAKE GOOD SHOWING
ESPECIAL TELEGRAM TO THE DISPATCH. !

NEW 1Ohh, t.-Cpocldl DelegIdms
TO Brddstrea's point to no increase or de.
crease in the volume of general trade. The
demands for seasonable staple merchandise
are fairly active Chicago, st. Louis, Kan
sas City and San Francisco report an in.
creasing volume of business, but at Phila-
delphia, New Orleans, Duluth, Omaha, New
| York and Boston there has been no CORE
spending expansion, while at Cincinnati an
actual decrease is reported 1t is worth
noting that there has been q marked in
crease in the demand for pig iron at Eastern
centers.
Boots and shoes, which have been more
active, are in slower request again, and this
reacts upon leather. Lumber at nearly all
the leading markets continues slow of sale,
and even at several enterprising Western
distributing points some varieties of dry
goods, notions and clothing are not in active
request. Rugs are in better demand, and
some lines of shelfware as well, while gro
Gerry staples, excepting sugar, which has
ranged S-16c lower, are in only moderate re-
quest but steady in price.
Business failures in the United States
number 21S, against 200 last week and 155
this week last year. The total January
to date is 1885, against 6,355 last wear.
There is some improvement in the demand
for drygoods, jobbing being most notably
active at New York and Boston, with cot
ton and woolen dressgoods chiefly in re-
quest. Changes in prices are few.
COLLECTIONS CONTINUE TO BE GOOD
Collections are good, except from the
| South. Raw wool is in moderately fair re-
quest, but the recent increased demand at
| Western markets has declined, with nearly
| all domestic grades lower than year ago.
Raw cotton is dull and 1sc higher in price
New Orleans reports some damage from
worms
Crop reports generally are quite favor
able, with the exception that the esti-
mates of the louisiana rice output have
been reduced. Recent rains have greatly
favored Indian corn in Iowa, Nebraska
Missouri and Kansas. Receipts of winter
wheat at primary markets continue very
heavy, in spite of which quotations remain
fairly steady. Exclusive cable advices to
Brddstreets' indicate that while domestic
stocks of wheat, both coasts, increased
2, IA, 900 bushels during July, by counting
stocks available In Europe and afloat there
fore the grand total increase last month was
2, ,469, 600 bushels.
1t is worth noting that the extraordinary
heavy exports of wheat to Europe last
month served only to enhance stocks afloat
for Europe and in Europe 32S, 900 bushels.
During July, 1890, stocks of wheat here In
Europe and afoat for Europe decreased
1863, 900 bushels; but in July, 1889, the ag
gregate increased more than in July this
year, 1884, 900 bushels. Available wheat
in the United States and Canada equaled
%, 10000 bushels August l, ZOO, 900 BUSH
els less than year ago, but 3, 160, 900 bush
o m 1
United States, Canada and the high seas
presented an aggregate of 1864, 900 BUSH
els of wheat on August 1, against 6S, 800, 900
bushels year before, and SO, 132, 900 bushels
two years before.
Exports of wheat and flour as wheat from
both coasts Of the United States have in 4
creased fully 25 per cent, within week,
equaling 4.030,O0O bushels, a weekly az.
gregate unequaled since July and August,
fSS7.
SHARE SPECULATION IS NARROW.
Share speculation is narrow, and the
market has not been free from disturbing
influences. The condition of Union
Paciic's floating debt furnishes occasion for
a short depression in that stock The general
market, however, has improved, and shows
a disposition to respond to the crop news
the export movement and the continued fall
Vi European tAClldllge. STERLING Is cent
on the pound lower, and gold imports are
confidently expected within month
Money is abundant at New York, but lacks
confidence, and apprehensions of stringency
still make close situation regarding loans
and commercial paper. The bond market,
though stagnant, has improved little.
Bank clearings in July make better
showing than in May or June, but remain
per cent behind the total for July, 1890.
For seven months the decrease is slightly
heavier. New York's July olearings are
1876 per cent behind those of last year, and
this, with heavy decreases at Philadelphia
and Boston, account for the net decrease in
the grand total. The decrease of the total
for other cities than New York, is only 81
per cent The July total for 5S cities aggre-
gates s., 400, 900, 000iand for seven months it
amounts to S31, ,5S1, 900, 600, a decrease of SO
per cent from the seven months total in
1890.
Dominion advices are more favorable In
the Province of Quebec the general trade
outlook has improved, and in Ontario the
movement of staples has begun to increase.
Wheat crop prospects throughout are ex-
cellent, and Brddstreet's advices are that the
Canadian surplus for export will amount to
%, 600, 600 bushels. The Dominion reports
90 business failures this week against 20
last week and 25 this week last year. The
total number, January l to date, is LAO
against 995 last year.