Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-07-23
THE BUSINESS WORLD.
Bradstreet's and R. G. Dun Report
That Trade Begins to Revive.
EVEN IRON AND STEEL LOOK UP.
Big Crops and Dying Congress Add to
General Good Feeling.
FIRES, FAILURES AND RAILWAY NEWS

NEW YORK, July 22-Special kilograms
to BrddStreet's from the more important
trade centers show q moderate revival of
general trade, with indications that the
autumn's demand is already making itself
felt and will meet expectations. with q fair
expansion in volume of distribution of all
staples. Wool, leather, print cloths, bar
iron and shaped steel are all frmer and
Except wooD higher in price.
The West has been visited with hot
weather and rains to the material advantage
of the wheat crop. Jobbers in drygoods,
boots and shoes, clothing and hardware at
Chicago, Minneapolis, St. Paul, st. Joseph,
Omaha, Kansas City, St. Louis and other
points tell of liberal orders received, many
for future delivery" 1t is even reported
that the weeks sale of -four at Minneapolis
exceed production, which amounts to mill
lers having ''gone short" OF -four to that ex-
tent.
Three weeks sales of general merchandise
at several points have exceeded the July
record OF 1891. Texas oats are arriving at
New Orleans freely. Live cattle are quoted
lG@l5c lower, and hogs steady without being
firm.
Better Outlook in Iron and Steel.
Speculative markets have ruled unusu
ally dull as to all agricultural staples, owing
in part, to an unwillingness of the public to
enter into engagements which the anti
options bill, now before the Senate, may IN
terfere with.
Our own advtces from Chicago and st.
Louis are that the demand for bar iron Is
such that prices have been advanced 81 per
for hoa odx
steel billers at Pftrsburg, and structural
steel and iron are higher. Pig iron, how
ever, is no stronger, recent statistics show
ing heavier 1892 output than had been an
ticipated. The production of pig iron
within six months has increased, compared
with the first half of 1891, 43 per cent. Con-
trasted with the latter half OF 1891 this years
decrease Is small, only 2.3 per cent. Stocks
of unsold pig iron June 80 were l4s, 900 tons
larger than on January last, about 2s per
cent
az hallway ally earnings in May 1891 we're ,.ss sbens
both gross and net; but for May this year,
while per cent larger for gross, they are
more than per cent smaller Tor net than in
May, 1891 For i've months of this year,
total net earnings are 4 per cent larger than
in like period of 1891.
Bank clearings aggregate sl052 0Oo, 600 this
week decrease Of about OUT per cent but an
third week in July, 1891, OF ls6 per cent.
Big Crops and no Congress Stimulate Hope.
Encouraging crop prospects, the approach
ing adjournment of Congress and the cessa-
tion of gold exports create renewed bullish
sentiment in speculative circles. the dull
ness of the New York stock market being
broken bya moderate degree of activity
and advances, mainly in the Granger and
Vanderbilt shares. The movement, how
certainty regarding the attitude Of the Bur-
lington toward the Western Railroad Traffic
Association checks its continuance. For
eign exchange rates tend downward.
Business failures In the United States this
week number 179 against 252 in the corre-
spending week year ago and 1855 last week.
Cotton goods are selling freely this month.
sold for "future delivery" as far ahead as in
1883 1t is likely that some OF these print cloths
which have been "sold Short may be made
from cotton not yet picked. The entire out
vance is probable. Woolens are in i'm
proved demand, manufacturers receiving
duplicate orders.
to do as little as possible owing to the omin-
ous position of the anti-options bill In Con-
gress. Wool prices tend upward. the staple
Il oc SsIes aa at
London for the United States, of which only
5000 bales will be sold here.
Wheat At Home and in Europe.
A London correspondent advises Brad.
streets that four cargoes OF Russian wheat
which had reached German ana Dutch ports
have been purchased for reimportation into
Russia. Heavy stocks OF wheat in the
United Kingdom are said to more than Off
set" decreased quantities on passage.
Our own total of exports of wheat from
Uni4ed States seaports this week, including
flour as wheat. is 2.7l6,OOO bushels, against
25s 600 bushels the week be lore; aguinst
$3.50, 900 in the third week of July, 1891, about
twice the Quantities exported respectively
in like weeks in 1890 and 1889, and us COM
pared with 2,273,000 bushels in that week of
1sSS. Trading this week has been very dull
Il. g. Dun's weekly review says: Improve
ment is noted, not only in comparison with
for the coming season. Prospects of spring
wheat are remarkably good, and returns
from many.of the states surpasseS all eXpec-
tations. Wheat has risen ~ cents in spite
OF Western receipts amounting to 2, lS6, COO
bushels in three days, against exports of
906, 600 bushels. Oats also rose ! cent and
pork products shade, and corn has ad-
vanced " cents. In coffee there was q
slight advance and in oil a fractional Decline
but in the cotton market decline OF q six
teenth occurred, with sales of $50 600 bales in
a week.
Manufactured iron is stiffened at Pittsburg
by thee losing of the mills, and the works ut
Cleveland are pushed beyond their capacity,
with some advance in structural iron. Trade
there is better than last year.
Pittsburg Well Up in the Bank Race.
The following table. compiled by Brad
Streets, shows the bank clearings for the
week ended July 21, with the percentage OF
increase or decrease as compared with the
corresponding week in 1891:
New York....-...."...s SO. 57I.sss 40 ....