Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-02-28
The Glass Trade Is Fair, Coal Dull and
Iron Improved on Account of the
Great Coke Strike,
CLEARINGS AND FAILURES DECREASE.
srSdstrsst's and Dun's Reports From All Leading
Cities and Sections
ESPECIAL TELEGRAM TO THE D1srlroz


uine activity IN the movement of staples
from the hands of wholesale merchants are
Cincinnati, where high water has inter.
rupted the movement of late, and boots and
shoes are only in fair demand; st. Louis,
where cotton and pig iron are weaker and
live stock lower in price; at Kansas City,
where there has been heaviness in the cattle
and hog market, and at Chicago
The check to business, owing TO floods and
back floods or impending overfows, has
been quite noticeable through the Central
Western and Southern States. Ifcontinued
in Louisiana, the effect on general trade may
be considerable. Sugar at New Orleans is
affected by the approach of the date when
the new law respecting imported sugar goes
into effect
Sugar. Coffee and Dry Goods.
Refined is Lice higher at the East. Re-
liners are changing from a duty-paiG to a
bonded sugar basis. Coffee is in fair de-
mand, Rio being sc higher, but teas and
other staple groceries are in less active de-
maud.
Drygoods are in only fair demand East.
owing to stormy weather, but spring trade
IN ginghams and in brown and bleached
cottons has been good. Prints are weaker
and dull. WOolen dress goods are in fair
demand, as are mems wear woolens Do
mestlc wool is not active, and stocks are
only moderate. Cotton is dull and un-
changed. Philadelphia manufacturers of
woolens report the demand moderate.
The demand Tor pig iron is generally re-
ported unchanged, with only favorite East
ern brands firmly held. Philadelphia ad-
Vices are now contradictory, some announc-
Ing an advance OF 80 cents per ton on lower
grades on an improving demand, in the face
OF cGrtailed output since January /
amounting to about 160, 900 tons per month.
Coal prices continue demoraliZed at the
East. and late industrial disturbances of
consequence show no signs of disappearing
IN the near future.
Fewer Business Failures This Week.
Business failures in the United States
this week number 21S. against 243 last
week, and 100 this week last wear. The
total from January to date is 2, 522, against
2,543 last year.
Leading domestic money markets gener-
ally are easy, with time and call rates low.
An exception IS noted in Boston, where the
demand has remained quite active, and
rates are trife higher. AT New York call
loans have averaged about 215 per cent, and
time AZ. Mercantile collections have i'm
proved slightly at various points, but early
ana favorable spring weather is awaited to
stimulate collections. The heavy loss of
specie shown by the New York banks last
week was due to large gold shipments Feb
ruary IA, the first day of the week lor which
the statement was issued on February 81.
Sharp speculation is excessively dull,
although prices of a majority of stocks re-
main trm, and even show a slight adyanc-
1Orr he
ment Of Congress and the belief that the i'm.
provement in western railroad affairs will
ultimately create an advance.
Bank CIearings Less Than Last Year
Bank clearings at Sc cities for the week
ended February 26 are SS21, ,482, ,612, a de-
crease from this week last year OF Is per
cent. New York City's clearings are % per
cent less than for the like period last year.
Att 80 other cities the loss is $40 of / per
cent
W heat has advanced slightly on the con-
tlnued demand for cash wheat. on the re-
ported shortage in and renewed demand
from France, belief that the United King
dom will have to buy more freely soon, and
the evidently small supplies available for
export from the Atlantic coast 1t is now
evident that official data as to consumption
of wheat per capita and reserves, as well as
modelled. We are still shipping wheat from
Atlantic ports, while it is demon
strated, with official data. that
we have no wheat at the East
TO export. As reported to Brddstreet'S this
week, exports OF wheat (and iour), both
coasts amounted to 1,6S4,24O bushels
against ., 300, ,725 bushels in like week last
year, and 2, OS6, S79 bushels last week. In
the form OF wheat, Atlantic ports shipped
$4,000 bushels this week, against 600, 600
bushels from the Pacific coast, but of -four.
reduced to equivalent bushels of wheat,
566,O00 bushels went from the East and
180,0 bushels from the West.
Dizziness Rules in the Dominion,
Dullness pervades almost all lines of gen.
eral trade throughout the Canadian Do
minion, and is likely to do SO until after
the elections. Commercial travellers have
been called In. Opening OF navigation will
improve business some. Manitoba wheat
is in good export demand. The Dominion
of Canada reports 43 failures this week.
against 50 last week, and "a this week last
year. The total number from January to
date is 426, against 800 last wear.
r. G. Dun & Co.'S weekly review saws:
There is not much change in the condition
of trade, but there is a little more dullpess
at the South and in the Northwest with n
little more stringency in money markets
and complaint about slowness of collections
In general business is still hesitating. The
larger cause is undoubtedly the partial loss
Of crops, whicn has left great manv farm
ers without means for the usual purchases
At the same time the collapse of the real
estate boom which so widely inflated prices
throughout the West and South has affected
business more than has yet been realized,
To this influence is added at the South The
extremely low price of cotton, which affects
farmers the more because so many of them
tried by holding back their crop, to force
higher level of prices.
Collections are slow at St. Louis, Denver
and Omaha; easy and prompt in drvgoods,
but not so prompt as before in clothing and
boots and shoes at Chicago; about average
at Kansas City, and satisfactory at ST. Paul.
but somewhat slow at Detroit, while at
Cleveland much good commercial paper is
renewed, and quite a proportion OF country
merchants are sending notes instead Of
money. AT Philadelphia there are toler-
ably good collections in clothing and drv-
goods, but poor in jewelry, and extremely
poor in paints.
The money markets, though still gener-
ally called easy. give signs of steady an
proach to stringency and at Omaha money
Is quite close; at Milwaukee in active de-
mand, and at Cleveland rather stringent.
much being locked in iron ore. At Boston
some scarcity If ioaBabie funds is noticed,
and rates are Grm and higher
Reports From Sections AID Cities.
Southern reports generally note a fair de-
mand, but no improvement in trade, while
Northwestern reports are on the whole less