Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-10-08
TRADE STILL ACTIVE.
Not Even a Presidential Campaign
Has Any Noticeable Effect
THE OUTLOOK IN IRON BRIGHT.
Feurish Speculation in Cotton Is the Worst
Feature Now.
FOREIGN TRAFFIC NOT SATISFACTORY

NEW York, Oct 7.-R. G. Dun & Co
in their weekly review of trade, say: Th,
first week of October shows more activity,
In spite of the near approach of the Presi
dental election. Business is distinctly bet
ter at the South on account of the improve.
ment in the price of cotton, more active a
the West with improved crop prospects anG
only lightly retarded at the East. The
expected reaction from the extreme low
price of cotton helps business at the South
In general, speculation has disturbed legiti.
mate trade much less during the past quar-
ter than is usual at this season, although
the transactions in cotton have been ex.
ceedingly heavy.
At Pitrsburg manufactured iron is quite
active and in large demand at well sup
ported prices, while business in glass is
fair; but strike of coal miners embarrasses
the Monongahela trade.
An Encouraging Iron Outlook.
The iron industry is doing we'll Not
wlthstanding the resumption of work by
many establishments which were idle a
long time on account of strikes, the con-
sumption of pig iron apparently exceeds
the production, and the demand gives de-
cidedly sitter tone to the market. Bar
iron is still disappointing, aud rails are
very dull, but the demand for structural
iron keeps the works busy and plates are
surprisingly active.
Perhaps the textile industries were never
more prosperous than they are now, for
while prices were remarkably low the
demand for goods is large and urgent and
IL l. Al ,.h nr1n Prrh
Der goods works are busy.
1t is not a satisfactory symptom that the
speculation in cotton is enormous, sales at
this city amounting to !, ,2S9, 600 bales last
week, with an advance of 4 cent in price
Exports of cotton are not large, and of all
domestic products the value exported last
week was only S., S53, 452, against So, 76S, 9S9
last year. Considering the great increase
in imports of merchandise the state of tor
eign trade is hardly encouraging
Business failures occurring throughout
the country during the past seven days
number 220. compared with 20S last week.
For the corresponding week of last year
the figures were 270.
The Week in Wall Street.
Brddstreet's says; Speculative attention
during the past week has been mainly ab-
sorbed by special movements, such as that
in the stock of the New York and New
England Railroad. The general tendency
of prices has taken, on the whole, an up
ward direction, and if the market has lacked
spontaneity it has certainly exhibited
widening tendency, which, in the opinion
OF the street at large, should lead to better
and more active conditions in the near
iuture.
The controlling feature of the situation
seems to be that the influences which have
restricted speculation and depressed prices
are passing away. Some attention is paid
to the frmer tendency of money, but it is
remarked that no tangible evidence is yet
forthcoming of any squeeze in rates which
should affect prices. On the other hand,
the fear Of gold exports, which has weighed
so heavily upon speculative activity. is now
practically out of the way, and the question
is openly discussed whether within COM
paratiyely short period a return flow of
specie will not set in from Europe to this
country.
The TACT that the corn crop is now out of
danger. and that current reports point 10 a
much larger aggregate yield than has been
hitherto indicated, has also some influence,
while it is believed that Western railroads,
together with their trunk line connections,
are enjoying a traffic the volume of which
compares favorably even with the excep-
tional freight movement of last autumn.
Pittsburg Eighth in the Bank Race.
The following table, compiled by Brad
streets, gives the Clearings House returns
for the week ending October 6, and
the percentage OF increase or decrease
as compared with the corresponding week
last year:
1nc Der