Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-04-16
TRADE IN SECTIONS.
The West Jubilant, the South Strug-
CLING, the East Grumbling,
JUST THE SANE AS ONE WEEK AGO.
No Brilliant Prospects Yet in Iron, Steel
and Ore Traffic.
JUST THE SANE AS ONE WEEK AGO.
WHAT BRADSTREETS AND r. G. DUN SAY
!srrcrAL TELEGRAM TO THE p1srArcu.1

NEW YORK, April 15.-Special telegram.
to BrddStrccf'S, on the whole, are rather the
reverse of favorable with respect to the
course of general trade throughout the
country within week. AT New York,
Boston, Philadelphia. Pittsburg, Cincin.
natl, Omaha, Kansas City and st. Louis the
volume of transactions has decreased. Tn.
seasonable weather West and Northwest
has had an effect in restricting the volume
OF transactions, and has retarded farming.
At Chicago, Duluth, ST. Paul and Mime
apolis a rather more favorable report is
made. but the conditions referred to have
had some effect Floods have greatly dis.
turbed business in Mississippi, Northern
Louisiana and Southern Tennessee Holi-
day influences have restricted activity in
the New York stock market.
Wall Street Speculation Bullish.
Speculative sentiment continues to be
bullish in tone, and the market receives
support from the steady, though limited,
buying of stocks for foreign account. The
feature of the week was the Coal shares,
which developed marked strength on the
alleged prospect that the Eanderbilts will
obtain representation IN the Delaware and
Hudson management. The deposit with the
Reorganization Committee ofa majority Of
the Junior securities of the Richmond Ter
minal and the increased prospect that the
plan will prove successful, also had a good
effect.
Bonds are dull, but prices of prime issues
are well maintained. Foreign exchange has
declined &c on the pound on slack inquiry
and offerings of security bills. Silver is In
active and fractionally lower
Steel rails are in less demand than hereto
fore. Railroad and structural iron are rela-
lively in most active demand. Coal is steady,
but no higher. Copper is dull and in light
demand, and petroleum is not active
The advance in wheat last week was not
sustained, owing 10 the statistical position
O. the product throughout the world, and
not on account of bear trading at Chicago or
elsewhere, as has been carelessly asserted
Exports of wheat, and flour as wheat, from
both coasts this week, equal 2,9l0. 900 bushels.
against $50 900 bushels last week and 456. 900
bushels in the week one year ago. Exports
or Indian corn this week are ]. AZ 304 bushels.
against 8, 2,425 600 bushels last week. l66S
bushels in the like week last year and $685.
COO bushels in the like week two years ago.
Business Failures and Bank CIearings.
Business failures throughout the United
States increased this week numbering ls5,
against l65 last week and 166 each in like
weeks in 1891 and 1890 About S. per cent
were of concerns with only 5000 capital or
less, and only per cent had capital be-
tween 5000 and So 900.
Bank clearings at IS cities throughout the
United States aggregate Sl,2I7, COO 600 this
week, per cent less than last week and
per cent in excess of the total i'll the like
week last year.
Gross earnings of l54 railroad companies
for March aggregate S+, ,e03 600, nearly per
cent more than in March, 1891 In February
the gain over the month year ago was 1876
per cent, and iii January only per cent.
For three months of this year gross earnings
OF l41 railways eQualed Sl26 G1S, coo, 81 per
cent more than the first quarter of 1891, in
which period the increase over the total for
4 like portion of lS99 was 54 per cent. Sixty
nine Granger and Central Western railroads
tool 60 per cent of the total net increase of
s., 3,594 600 by l43 railroad companies for
March.
The demand for print cloths at the East
has declined and stocks at first hands are
larger. Coarse ginghams are selling slowly.
Wool dress goods are fairly active. Blanket
mills are busy. The advance at the London |
wool sa les is about cents, contrasted with |
the opening. which strengthens the staple |
here. Dealers and manufacturers differ as |
to the probable permanence OF the improve
ment The Eastern market prices are be-
low narity with Western dealers. Raw
cotton is sc higher on widespread renewed
investment purchases and a demand for
'shorts."
Dun on Sectional Trade Reports
r. G. Dun S Co. s weekly review of trade
saws:
During all this year business news has
been curiously sectional. Western cities are
gaining almost without exception, doing the
largest business ever known, and inclined to
resent the suggestion that it is any degree
below expectations. The South all the year
has been struggling with unfavorable condi-
tions, doing less business than a year ago
and looking in vain for q material change
The East has been doing large business
rather less than n year ago, on the whole,
but especially less than many traders e1-
pected 10 do this year. This. with very thin
profits, makes the season disappointing to
many. These conditions continue and are |
in the returns this week; yet the |
volume of trade I'm the whole country has |
been larger than in any previous year.
The iron trade illustrates the situation.
The output of furnaces April / was Is5 46a |
TONS against l9S 9G2 March l. and ll34sS a |
year ago, when the great strike was in prog
ress. The reduction in output of pig is |
clearly necessary, since consumption has |
heen O000 tons weekly below the output |
InSold stocks, rs officially reported, were |
l32, ,S66 tons greater April than January !. |
ct when this increase is deducted from the |
production, which has been 2, 500 900 tons in |
the quarter the remaining consumption
appears to he greater than in the same quar-
ter OF any previous year.
Pipe Business Reviving at Pittsburc.
A better demand is seen for pig and plates |
at the East and also at Chicago and the pipe |
business is reviving at Pittsbury. Coal is
and dull: copper waiting for the |
expected combination of foreign producers;
tin speculatively strong, and lead very firm |
Wool sales are large for the season, and |
since January have been per cent greater |
than last year, the demand for goods having |
improved and for knit goods be- |
Ing lar better than was recently expected. |
In mems wear goods, doubt about the fut- |
ure taste of the public still delays orders. |
but strong consumption is clearing of /
stocks of jobbers and retailers.
News from cities is rather better rs to the |
East, cheef ing, as usual, from the West, but |
less satisfactory as to the South.
Iron mills at Pittsburg are all in opera
tion. and few pushed-through prices are
eakening. The glass trade Is encouraging
The hardware trade good and lumber quiet
and rolled IRON weaker. Southern trade at /
Cincinnati is not satisfactory hut machinery
Is active and the carriage business q little
better. Detroit notes good jobbing and
trade, in somes lines better
han last year.
Chicago merchandise sales considerably
exceed last years and are fully equal to eI-
Decta tions. Receipts of wheat and barley
ire double last years; of flour, corn and |
,attle, increased ~: of chcse, one-third, |
With some increase III dressed beef oats and |
We, but 4 decrease in hogs, wool, butter.
ard and cured meats.
Trade Farther West and south.
Trade at Milwaukee is good: at st. Louis.
Iuite strong, notwithstand ding railway wash
,uts, and at Omaha. quite active in grocer
es, shoes and hardware, and steady In dry
foods. Trade ut Kansas City is quiet,
Weather interrupting. and prices for cattle
Deing the lowest of the year. At Minneap-
Ills and st. Paul trade is excellent, especi-
lIy in lumber, and at Denver fair.
Business at Little Rock is depressed. ot
Nashville and Memphis, dull: some That
improved at Montgomery. but rather fat at
lew Orleans and Savannah.
Speculative markets have been more &C
i've wheat falling SIC, with sales of 81 OoO