Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-01-01
TRADE OF THE YEAR
And Prospects in All Lines for the
Next Twelve Months.
pITTSBURG is IN FINE SHAPE,
Events Showing That the Stock Market Is
in a Stable Condition.
FIGURES on THE BUSINESS or 1892

Within the limits of this review of the
years trade all the influences that have
contributed to render it unique in history
cannot be more than glanced at For in
stance, the work of crushing cut the middle
man, or factor has been going on remorse-
Jesslv, and while the result has been a ten
dency toward cheapening articles of con-
sumption, the inevitable consequence of
forcing many people ont of their chosen
business is more marked than ever.
The situation, as viewed at present by
mos. fnancicrs. is much better than it was
q wear ago, when MANY were flounderng
through snow drifts to importune bankers
Tor leans. In December, 1920, people ordi-
rarilv in good odor among bankers were
told by them, in rcpiv for demands for
loans: "We are not making any new paper
now, except in cases absolutely necessary. -
Now money Is easy, with every indication
that it will be easier. Probably the most
pleasing feature in the situation is the
fac. that our Statesmen cannot
claim he credit for our prosperity, as they
did rot make the weather on either side of
the Atlantic, and the bulk of the improve
r2ent comes from the fact that we have a
large grain crop and Europe is forced to
buv our surplus at a fair price.
The Stock Market Now Firm.
As an evidence that any change in the
stock market must be for the better, moth
ing in the way of backse5s affects it ma
te,iallv at present. The reports of Queen
Victoria's death and of tie attack on Rus
sell Sage caused but passing ripples,
whereas in times past such reports would
have broke many solid people who dabble
in Wall street. Evidently prices are
on bedrock basis from which
they could not be shaken were dynamiters
10 blow the heads of the Astors, Wander
bits, Goulds and other money kings too
numerous 10 mention.
George |. Whitney, on being asked how
the year averaged, resorted TO the mathe-
Ta;ical system of grammar constructed by
John Phoenix, that discarding positive,
comparative and superlatire and suhsti-
tuting percentage therefor gave a quotient
of 10. Now, 75 per cent OF Ghat broker
would Ike 10 accomplish might be rated
above Par by some people, and, in fact, by a
very large majority. Though The strikes in
the building trades in this city reduced the
average hcTeabouts several per cent The
SlGo 033.O60 decline in bank exchanges
largely resulted from labor troubles.
Though holiday trade is not always an ac-
curate gauge OF the situation. vet it is worth
something. 1t was not up 10 the mark, tax
ing December through, hut was very active
from the middle to the end of the month.
Ia this city general trade is unusually good
and iron and steel makers hopelal, while
glass makers are not altoge, her discons0late
over the Prosrec; for spring operations
Local >rcuritics Il: Coed sh pa.
Il the local stock market there has been
considerable movement, pretty well dis
t;ibutcd through the wear. 1t has
nor been particularly noticeable in bank
stocks, for they do not change bands to any
great extent on Change. As rule they
nave held their own and some are consider
ably higher than at the beginning of the
wear. II the reader will scan the following
lisf Of active stocks traded in he will notice
Z da5 there has been very little change in
position: