Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-09-24
TRADE B00MS AGAIN.
The Cholera Scare Ceases TO Have
Any Effect Upon Business.
ITS VOLUME LARGER THAN EVER.
Bar Iron Faster, but Finished Products in
Eather Less Demand.
BANK CLEARINGS LARGEST REPORTED

about cholera has vanished, and trade in
every direction shows all the Improvement
that was expected. The South is little
dull because cotton is low in price and late,
but little improvement has been seen
during the past week. In few quarters at
the West farmers are holding back wheat
for higher prices SO that collections are re-
tarded But the general tenor of advices is
exceedingly favorable.
The volume of business continues larger
than year age. Collections are exception
ally good on the whole, and although money
is in active and increasing demand at nearly
all points, the supply is ample for all
| legitimate needs Gold exports have ceased,
| foreign exchange has declined, and the
money market is at present without disturb
| ing features.
Speculation is not, on the whole, active
enough to have a disturbing influence.
Wheat has recovered 1ss cents, but sales
here have been only 100000 bushels.
| w estern receipts in four DAYS have been
| 5, zoo, 600 bushels, while the exports from
Atlantis ports have been 953, 900 bushels.
Foreign reports no longer promise an un-
usual demand.
Corn has declined 10 and oats &c Spec
ulation in cotton has been large, sales reach
ing $50, 900 bales, and the price has been
advanced 3-16c on covering of short sales.
Pork products are a shade stronger, but oil
| is 20 lower, and in coffee speculation has
advanced the price 1Xc.
Business at Boston Is sound and large in
volume. Improvement is seen in groceries
at Philadelphia. At Baltimore business is
satisfactory, though quiet with the South.
At Pittsburg trade is satisfactory and grad
ually increasing. At Cincinnati the whole
sale jewelry trade reports sales in August
so per cent greater than last year. Business
at Clevelann is improving in nearly all de-
partments especially in rolled products and
in lumber, which has advanced 50 to So per
thousand. AtDetroit trade is incre easing in
drygoods, drugs and shoes. General trade
at Chicago exceeds last years for the same
week with good prospects. At St. Louis
trade increases with large distribution of
goods, free movement of grain and coun-
try buyers in larger numbers than usual.
Business is healthy at Milwaukee, very ac-
tive at Omaha and shows marked increase
at ST. Paul.
The Situation in the Far West.
At Denver trade is very satisfactory, but
no improvement is seen at Salt Lake. Re-
ceipts of cattle and wheat are heavy at
Kansas City. AT Memphis trade is i'm
proving, and at New Orleans cotton is in
better demand and sugar strong and active.
Pig iron is frmer, some Alabama furnaces
advancing the price 25c Bar iron
is slightly easier Some slackening
is seen in plates, and on the
whole the prospect for finished products
is not quite so favorable. Large sales of
copper at 11Lc are reported, and lead is
slack at 81 TO- with tin steady at 20. 15c
Coal is active in retail trade Actual sales
in August by the Lehigh Valley averaged
"a cents below the schedule.
In wool increasing activity is seen, sales
far exceeding last years, and carpet woods
are especially firm and scarce.
Foreign exchange has suddenly broken
down to 81 s674, and money here has de-
clined from to 81 per cent, while at Lon
don the rate is below 1 per cent Mer-
chandise exports from New York for three
weeks show q decline of 25 per cent from
last year; but stocks have been stronger,
advancing on the average about 81 per
share during the week, with some indica-
tions that foreign investors are buying in
moderate amount
The business failures occurring through
out the country during the last seven days
number 211, as compared with 1872 last
week. For the corresponding week of last
year the figures were 244.
Bradstreets on Wheat Movements.
BradStreet's says: Decreased rates of
wheat at the Northwest, expectations of
further reduction and firmer Liverpool
cables served to stiffen wheat prices and quo
tations are up 1Zc. Exports of wheat from
all United States seaports this week, flour in
cluded, equal 3,711,0OO bushels, against
3,3S4, 900 bushels last week. Less wheat
but more flour was shipped abroad this
week than last, and 100000 bushels less
this week than in the like week in 1891.
Week before last exports aggregated
:, 3,667, 900 bushels, and the week before that |
3, ,24l, 900 bushels Available stocks of
wheat this week increased net 4, 1873, 900 |
bushels, and in the week before, 4, 133, 900 |
bushels, showing how much more rapidly |
stocks are accumulating than they are going |
abroad and into consumption.
Total bank clearings tor the week from 70 !
cities are the largest ever reported. The |
total tor SO cities out of the 63 in the United |
States is 81, 1SS, 600, 600, or 66.4 per cent
more than last week, but IL per cent less in |
the same week a year ago.
Pittsburg Seventh in Bank Clearings.
The following table, compiled by Brad
streets, shows the bank clearings for the
week ending September %, and the per-
centage OF increase and decrease as COM
pared with the corresponding week of 1891: