Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-09-26
NOT A BOOMING WEEK.
Moderate Increase of General Trade
Noted in Some Cities, :
BUT NO GENERAL REVIVAL SEEN.
Pig Iron Manufacturers Looking Forward
to Better Prices
THE MERCANTILE AGENCIES REVIEW
BUT NO GENERAL REVIVAL SEEN
THE MERCANTILE AGENCIES REVIEW
ESPECIAL TELEGRAM TO THE DISPATCH

| ESPECIAL TELEGRAM TO THE DIsPATCH.l
NEW YORK, Sept. 25.-While there have
| been still further increases within the week
| in the volume of general trade at some Of
| the leading business centers, special tele-
grams to Bradstreet's do not, on the whole,
point to a week of widespread or general in
crease in the distributive movement in
staple lines.
Cotton spinners and manufacturers are
busy Leather and lumber are firm and in
| fair demand at most markets. The demand
for boots and shoes, clothing, hardware and
groceries, except for coffee, remains Of good
| proportions There are only moderate offer
ings of lard, and prices are stiff but quota
tions for live hogs are weaker.
The tone of the anthracite coal market has
been strengthened, but prices are no higher.
Some makers of pig iron are refusing con-
tracts to extend over 80 days at current
quotations, owing to better demand and an
expected increase. There Is small advance
on manufactured iron at the West.
BUSINESS FAILURES AND STOCKS.
Business failures in the United States
number $50, against 236 last week and 179
this week last year. The total from Janu-
ary to date is 1872, against 7 ,446 last year.
The course of the bull stock market has
been interrupted by intimations that the
dividend on Missouri Pacific would be
passed, which fact, coupled with apparent
bearish manipulation Of both stocks and
money on the part of the Gould interest, re-
| suited in sharp reaction in prices. At the
same time the tone of the share market is
bullish on the crop outlook, the export
movement and the large volume of gold i'm
ports from Europe. The close of the week
has witnessed marked tendency to rally
prices, coupled with rumors that the opposi-
tion of the Gould interest to the advance
had been removed by certain arrangements
in connection with the Union Pacific
property.
The New York money market is sensitive
and inclines higher. Foreign exchange is at
the gold importing point, the shipments for
the week aggregating 100000.
WHEAT MARKET AND EXPORTS.
Wheat has continued generally weak, not
vithstanding continued heavy exports,
owing to an extraordinary free movement
from first hands, low cables and the tendency
to regard bear estimates of the size of the
home crop. Exports from United States
ports, both coasts, including flour, for week
to September "a, equal All ,001 bushels,
against over {, 900, 900 bushels in the preced-
ing week, and 4,726,0 900 bushels the week
before. Including Montreals exports,
wheat and flour, the total this week amounts
to 5,106,904 bushels, rs compared with
1885,, 1863 bushels in the preceding week.
One year ago the weeks total, United States
and Canada, was 1,155, 900 bushels. Two
- cho1s, ~,
was 2,614, 900 bushels, and in 1887 it was
2,825 900 bushels.
Corn is of 3 cents per bushel on larger
receipts than expected and the removal Of
support recently given it, owing to failure
of a prominent New York firm. Exports of
rye from Montreal, New York and Balti-
more to the European continent are increas-
ing rapidly, amounting to 10000 bushels
this week against 635, 900 bushels last week,
and as compared with only 342, 900 bushels
in the year 1S90-'91 and 2, 257 900 bushels in
18S9-90.
DRYGooDs LESS ACTIVE
Drygoods are not as actiye as earlier in
the month, though the demand from Job
bers particularly is still good. Staple cot
tons sell less freely, but are firm in price
with some grades H cent higher. Print
cloths are firm, as are all low grade cottons
of similar character. Prints are we'll sold
up by agents and advances of 4 cent are
reported. Ginghams sell well, while dress
goods are quieter Woolen goods are in
only fair sale, and warm weather affects the
demand for clothing. Wool is quiet and
firm.
Bank clearings at SO cities for the week
amount to 81 1888, 729, ,760, an increase over
the week last year of 2.5 per cent. At 81
cities for the week they amount to 81 1885,
729, 760, an increase over the week last year
of 25 per cent AT 81 cities, New York's
total excluded, an increase of Al per cent is
shown. New York's total increased S14S,-
7,717 over last week.
B: G. Dun & Co.'S weekly review says:
None of the disturbances threaten to affect
the general prosperity which enormous
crops now promise, and the failure of a
house of extraordinary repute and strength
to sustain the price of corn is at once proof
of the general prosperity and a warning
that whoever gets on the wrong side when
this country is growing is liable to be hurt.
The reports from other cities indicate a con-
anuance of the general improvement in
trade already noticed.
FAVORABLE MONETARY REPORTS
Reports as to money markets are gener-
ally favorable. Money is easier at Boston
and Philadelphia, in fair supply at Cleve- |
land and Cincinnati, and sufficient for the
needs of Chicago and Milwaukee, easier at
Kansas City, Louisville and Chicago, but
very active at New Orleans Collections
ars fairly good almost everywhere. Gold re-
ceipts have as yet hardly balanced the large
shipments to the interior for products
The great industries are doing well.
There is distinctly better demand for iron
without an advance in price. More inquiry
is seen for rails, 10000 tons being sold here;
stronger demand for bar, moderate activ-
ity in plate, and structural mills fairly en-
ployed.
Copper is stronger on large consumption.
The distribution of tin is larger and lead is
stronger.
THE NEGRO-Clinton Lloyd writes of the |