Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-05-02
THE DOCTORS DIFFER
Once More Slightly as to the State Of
the Country's Trade.
DUE& GO. TAKE ACHEERFUL VIEW,
While Bradstreet Reports That Business Is
Not Improved.
DIVERSE ACCOUNTS OF IRON TRADE
nrrcrAL rrLrsnAn TO THE DrsrArcn.,

Crop reports, west and northwest, with ref
erence to the leading cereals, continue ex-
ceptionally favorable, fact which, in turn,
tends to stimulate trade among interior
dealers in many localities. A moderate i'm.
provement is reported from Philadelphia,
based appareetly on slight gain in the in
quiry for crude iron. Business is said to be
improving at Kansas City. to equal expec-
tations at st. Joseph. to be good at Memphis,
and to have expanded in such lines as dry
goods, groceries and hardware at Omaha,
Duluth, Minneapolis and st. Paul.
In the matter Of demand and prices, crude
rubber, hogs, cattle and tobacco are all
frmer, with an upward tendency. Lumber
is in fair request as well. On the other
hand, the sugar and cotton crops are begin
ming to show the effects of prolonged dry
weather.
From the Leading Business Centers.
General trade is quiet at Boston and New
York. Baltimore does not report any in
crease, while Pittsburg continues to feel tine
effects of the continued depression in iron
and labor disturbances in regions tributary.
Chicago and Cleveland report trade only
fair, while at Cincinnati the volume is
smaller. The distributive movement at st.
Louis is not equal to expectations, and has
been smaller at San Francisco.
Lake navigation is open, but the iron ore
trade is fat Leather, hides. hats. caps. hog
products, raw wool, cotton and raw sugar
all tend to shaded quotations, with demand
noticeably less than a week ago. Wheat lie
61zc lower, q natural reaction from the
speculatively stimulated prices of the
previous week. California is promised q
large wheat harvest and is exporting Hour
to the South American coast with great
freedom, particularly north of Chile.
Sales of cotton goods are disappointing on
the whole, and prices as we'll. Prints have
declined to as low a point as ever reached.
Several Eastern cotton mills passed quar-
terly dividends recently.
Larger Number of Business Failures.
Business failures in the United States
number 100, against 181 last week and 133
this week last year. The total from jan
usry to date is 4, ,263, against 4,1SS last
year.
Strikes for fewer hours of work at un-
changed wages, or for advanced wages, are
interfering with general trade, though less
extensive than expected. The great btu
minous coal strike in seven States did not
take place. financial aid given the unsuc-
eessful Cohnellsville coke strikers having
reduced resources materially. The number
of miners actually striking was about 90
600. The outlook in the building trade is
less favorable, strikes to involve about TO-
900 men having occurred May 1.
Exports of wheat, and -four as wheat,
from both coasts of the United States for
the week are 2, 800, 703 bushels. as compared
with 2,747, ,048 bushels for the week one
year ago, and as compared with 2,222. .895
bushels last week. The total from July
to date is 81, S96, S69 bushels. against 91,-
397 ,2S1 bushels in a like portion OF 18Ss-90;
Is, 727 $50 bushels in the year before, and
10S, 744 ,99l bushels in ten months of 1888.
Money Market and Bank Clearings.
Money is frmer and in active request,
Notwithstanding the partial subsidence of
the wave of speculation. Foreign exchange
is now not unfayorable to the export of gold.
Bank clearings at 81 cities, for the month
ended April 80, amount to S. sos, 006, ,228, a
decrease from Aprils total last year of
seven-tenths of / per cent. The total for
March, 1891, was 95 per cent smaller than
in 1890, for February Ill per cent smaller,
and for January 5.S per cent less.
Our months clearings equal $17, ,e47, 9E,-
39S, a decrease of nearly per cent COM
pared with 1890. Share speculation is under
the influence of strong bullish feeling. the
public and Europe being large buyers, and
the market displaying strong disposition
to discount favorable crop prospects by buy
ing railroad shares.
At Montreal the drygoods trade is better
than year ago, but groceries and hardware
are only moderately active. Farm work is
well advanced. Trade has improved stead
ily at Toronto, where prices are nrm.
Ontario crop reports are encouraging. The
Dominion reports Al business failures this
week, against SO last week and % this week
last year. The total number from January
to date is 746, against 69S last year.
R.G. Dun & Co.'s Version.
r. G. Dun & Co.'S weekly review SAYS:
Business Is large in volume and sustained
by general confidence as to the future.
Wheat and -four exports from Atlantic
ports continue far behind those of last year,
and while reports of foreign crop prospects
are not favora BILE, there is really no reason
to anticipate any shortage or unusual de-
mand from abroad prior to the close of the
current crop year. The possible demand
next year has to meet it an exceptionally
favorable crop outlook.
The reports of trade at other cities are, on
the whole, more favorable than a week ago.
Boston finds general business better. At
Pittsburg the glass business is active and
Bessemer iron is higher. The Cleveland
market is inactive, but money is in good de-
mand, and at Detroit the manufacturing in
terests are sustained by a strong demand.
At Cincinnati the drygoods season has been
brisk, and collections are about as usual.
At the Western Metropolis.
At Chicago -four receipts are smaller
than year ago, and grain receipts about
the same, but increase appears in cured
meats, lard, butter, dressed beef, and about
per cent in wool. Sales OF drygoods are,
at least, equal to last years, with very salts
factory payments in that branch, in shoes
and in clothing.
Trade at other Western and Southern
points seems to be especially encouraging
this week. Better weather helps at almost
all western points, and at Milwaukee trade
was never better and at Omaha and St. Paul
very fair. At Minneapolis flour is dull,
but the lumber trade is active, and at
Omaha fair weather helps business. Trade
is quiet at Kansas City, bnt improving at
Louisville, Nashville and Atlanta, with de-
cided strength at ST. Louis, though for the
week barely fair at New Orleans.
A Favorable Outlook
The great industries are in better shape.
The demand for finished products of iron
and steel is more encouraging. The wooden
manufacturers still hesitate, apparently be-
cause the producers are inclined to ask
higher prices for the new clip OF wool than
manufacturers can pay, but there is belief
that the consuming demand for goods must
be as large as it ever has been in any previ-
GUS year, and the clothiers, though very
cautious heretofore. begin to act upon that
belief. The shoe trade is still retarded by
the uncertainty as to prices for tine future,
but is, nevertheless, fairly active.