Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-02-20
BradStreet'S and Dun Report an In
satisfactory Trade Week,
ESPECIALLY IN IRON TRAFFIC.
GoOl Reports Continue Of Clearings and
Business Failures.
SOME OF THE. FEATURES OF FINANCE
.srrcrsr TELEGRAM 70 TIE DISPATCH,


fdencc is expressed as to what the spring
may bring forth.
depression Of cotton prices and an e1cep-
tioual conservatism on the part OF both
buvcr, and sellers AZ the SoGth, are, as yet,
uu-clievcd by any increased activity, al
though Savannah and Galveston report
more mod, ~ate demand in some staple lines.
Co.ton factors are making smaller advances
than usual to merchants and planters. The
woolen industries East are sluggish, e1-
ccpt Tor iiannels and carpets.
kG:oolny Report for Iron.
Structural iron prices are demoralized.
Steel rails are only Dominally $50 per ton
II tie mill. The demand for iron and steel
is more and more of s hand-to-mouth char
acter. Stocks of pig iron are increasing,
and hrallv break has come, with sales of
4 600 tons OF No. , Allentown, Perth Am
boz delivery. at S14 50, and 1900 tons of
another Lehigh valley furnace offered at the
same figure. Southern irons have been
hawke al prices supposed to represent
cost.
Srarle drvgoods. hardware, and, to some
evten. boots and shoes, are in rather better
ac-ive On he Pacific coast ocean frelghts
are mp little, and wheat prices as well.
salmon packers are trying to enforce re-
duciion in the Alaska pack this year. Hard
ware. farm implements and building ma
Je-ial are more active at The Northwest.
Eaal, ClearfnGs Continue TO Increase.
ra.k clearinrs at cities in the United
States aggregate =, $50, ,070, 394, about per
c.-- more Jhaa last week, but 81 per cent
more taar the third week of February,
1891. Tie gains are chiefly at New York
srd PHILADELPHIA. the former showing an
increase of B per cent and the latter of 4!
-.-r cent. a., compared with the week year
a-a
Wheat prices advanced 8 &c this week on
better foreign advices, a larger export de-
.aaG. larger decrease in available stocks,
and -unors OF operations of a bull clique
F--r.~,s Of wheat from United States ports
for rag week ending February IL, equal
-.rle. 900 bushels. against 5,641, 900 bushels
OBI. aae, before: 2.0S6 O00 bushels in the
week Z. wear ago. and >, 236, 600 bushels In
similar period two years ago.
indian corn exports for this week con-
fiuae 81. eHomenalIy heavy. ;, ,243, 600 BUSH
els as compared with 1927 900 bushels
week ago. and as coGtrasted with only 3d.
Uyu bushels I'm the Ike week year ago
The remarkable strength Of foreign ex-
changes and the appreciable fear of ship
1.eul- of gold to Europe have tended to
T-arass activity or strength IN the stock
market.
Gold Exports and Coal Deals.
The announcement Friday that S500,00O
c.-5 had been engaged, though not un-
lEr.cted had a further disturbing effect
u..oa speculation. and offset the influence of
H. ! hos MAJ da
further acquisitions OF mining interests
-l- prospect Of legal interference with the
leases effected by the Reading Company
has, also. been Z factor in the weeks mar
l-e.. and tended TO reduce the speculation
in TIe coal shares to moderate proportions.
Tie u2cer-a ntv Of this speculative situa-
ti.a has naturally caused recessions in
prices although a strong undertoEe has
be-l shown. and European selling OF securi-
Ties seems to be less pronounced. This last
lar,. however. has not checked the advance
%. exchange rates. the demand for sterling
r.aeaiuaa az the close of the week 81 SS15. Ru-
mara ase current thar continental countries
are. o.aeriu- "a slight premium for gold, which
would facilitate shipments at the above hg-
Ur.>- -tl the same time, the money market
Ia. been dull. easy and undisturbed by
these l-anile>rarionS. The silver market
la~ rallied si-'riy on rumors of an in
tended .ui &c lean lor India.
Failures Tow and Unimportant
There were 2G0 business failures in the
lp,. states Jals week, against 2l4 last
week. -I5 la Jhe week a year ago, and 253
!. "a. ike week Of 1S94- The total to date
L rs wear is >. I23 less than in a like portion
g. I. 'sa.g or 1885 About 50 per cent of
-...- r....'.. IS -ajIures were of concerns where
Sic. -rn..al curioyed was not in excess of
l.
>-.n.t sn $4,000 capital. 9 of them from
s.. Un1 20 S51. $50, Is from $1,000 to 100000
;.... a-a allied where The capital was in eX-
cas- at $1,000
Wool is a~ dali as ever, with prices
gag.0y 80 tha decline. The sluggish de-
l.a.a tor Uooleu goods prevents makers
i... aa. iraring wants for raw wool. I'M
l.r-s- lions OF Australian woods have been
lar.a and the tendency of domestic now
q f--a-S TO be downward. The large share
Go. -lat impor ed is of lower quality than
La-. ..ar. California. Texas and Territory
E. .re quiet ana unchanged with down
E.a.. .-4tucg Raw cotton prices con-
s.-u- r- record heavy receipts By dropping,
H.. Iu-- ..s the week being Lice.
a.aeaI 5ry-oods are in fair demand.
Cg..l mi. are sold well ahead. Prints
saa -iu-i u.s are In good demand. Tapes
tly brussels carpets are higher.
L. G.. Hun INDUCES in Pessimsm.
i. q. Dam x Cc.'s weekly review of
TRADE SAYS.
The business situation is not quite so salts
fact E.-Dr cl" "gs.-.,.r-c a 5 it has been. While
tlIc gradual Increase ii distribution OF many
lines ol merchandise continues, there is a
sHrinlln.- ae.l.na and much depression in
iron. 4 fGIgalr li~a in cotton hopes OF re-
viv:l lu 1Ulhern trade and the speculative
14s:E..l, stimulated by cheap money and by
the great success Of the coal speculation,
1v.l'cH now eE'rngs to wheat and threatens
40 restrict experts.
Al advance ia wheat from any cause
- Fien cas- Of the export OF brea dstuffs at a
time when Europe has heavy deInands FOR
stocks tkgtct here. would not be whole
sor-e Pork products, oats and coffee are
substantially unchanged, and oil is cniy one
eiE4gh cent higher on small transactions
Ar Boston trade Is reported satisfactory.
Il Baltimore the lumber trade is more
active. The movement in drygoods at
PMiadelpni3 promises an active spring
Y,-rGr a. UUgh the south is still behind
At Pittsburg trad in iron and steel has
grown dun and prices are weakening at
Cleveland improvement Is seen N most
l5s,es and trade Is larger than last year
Manufacturing at Detroit also exceeds hasG
years records.
At Chicago and the West.
A. Chicago sales Of merchandise show
7sir increase over last year, and receipts of
wheat are double last years Of dressed beef:
i--c-fold OF lard 80 per cent greater of ficr:r
ssa barley a third greater; of hides, 20 per
cent crater and OF butter some larger than
ras. ,-rar, while = little decrease appears in
,-..,.I. oats aud rye u third in cheese and one
-gI. Ia wool.
Trade Is good at Milwaukee and col
I..st..s are satisfactory. At Minneapolis
s..a ~ Pau business Is fair and tho out
L,.as -s-arg:siu-c. At UmalasanG Kansas City
DO. sradc and collections are fair and
..-.-... lEpaty At 81. Louis business begins