Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-05-14
! BUSINESS WORLD.
Weather Still Playing the Mis-
chief With Western Trade,
THE COMMERCIAL AGENCIES.
nc WOrkmen Only Half as Numerous
as This lime Last Year.
:, FAILURES AND RAILWAY NEWS

ECIAL TELEGRAM TO THE DIsPArcH.l
WORK, May 13.-Special kilograms
IStreet's from the Southwest and the
report that excessive rains and muddy
have retarded business. Railroads on
sections have been unable to operate
rly for few days.
srs from the interior show a decrease
lines-at Chicago notably in dry
and clothing, and at Boston, New
Philadelphia, New Orleans, ST. Louis,
City, Omaha, st. Paul and Duluth,
ole drygoods more than in any other
The shutdown of Eastern tanneries
suited in the sale of some large lots OF
r. Philadelphia manufacturers of
fabrics, st. Louis manufacturers of
and dealers in hardware, and Chicago
Minneapolis lumber dealers report in
d demand. Fears of further over
in the Mississippi and Missouri river
greatly check distributive trade.
War for Lower Freight Rates.
isiana's acreage of sugar and rice is
than last year. On the Pacific coast
has improved A San Francisco ship
association has declared war against
1uthern Pacific to secure lower freight
orts to BrqdStreetS' from companies rep
ting 99. 600 out OF TO- coo miles OF railway
ge in the country show total gross
lgs for April of Sal, $50 600, an increase
per cent over April, 1891. For four
is their gross earnings were Sl6S, 747, OCO,
per cent more than in 1891.
Al bank clearings this week at all cities
ting the same amount to 81, l,23l, ,291, 900,
per cent more than in the like week of
but decrease OF 8 8 per cent as con-
Il with last week.
II business failures where the capital
we'd was in excess of $40, 900 took place
United States this week; only % with
II ol n5ore than $1,000 and not in excess
co., showing that $50, or 50 per cent of
hole number OF failures, were of con-
with 5000 capital or less, the total
= numbering lS4 this week, against l66
reek and ls6 il the week last year.
Northern Iron to Hold Its Own.
lowering of freight rates on iron fur
coal and coke in Pennsylvania, in the
II an important consolidation of South
lub to depress prices of Northern iron.
present rate of output is much heavier
one wear ago.
ces of staples have not shown a general
ancy to advance with any strength.
plCum ana leading cereals have been ir-
arly flrmer, but hogs and provisions
been shaded. BradStreet'S statistics of
able wheat stocks indicate that with
nGHnce of the rate of exports reported
lree weeks past, the United States will
70 over about as mnch available, and
ably more invisible, wheat on July /
nu that date in 1891
ports of wheat from both coasts this
, and -four as wheat, equal 3,62l, 900
ais. cOntrasted with a weekly average
%. 900 bushels during the previous three
:. and with l.94l. 600 bushels in the Sec
week Of May, 1892.
ldon bought stocks here rather freely
II the early part of the week, which,
enforced covering of short contracts,
I'd an Improvement in prices, though
iovemeut failed to receive any buying
0Ut here. Recessions have accordingly
lred, the bears being encouraged by
'orable weather and reported carnage
)ps.
The Price of Silver Stiffens.
change has declined, but gold ship
s are still said to be imminent, $500 600
lg been taken for shipment to-day.
: are in good demand, the market for
cipal securities being particularly ac-
Silver has advanced cent per ounce
e announcements that England will par
lte in The proposed International Mon
Con terence.
patches to BrddStreet's show a total of
Tises Of importance within two weeks,
wing q, 200 industrial employees, against
, that number of striking wage earners
T ago. Fully 1000 strikers are building
employees, 5000 are quarrymen and
cutters. 300 metal workers, and 1000
Oal miners. The outlook is for an early
lsinn of idleness among the building
5 at the West and granite handlers
of European expert opinion
d the prospective price of wheat is
d to Bra6Street'S as follws: 1T depends
Gather and crop reports. Meanwhile,
renCh demand, which may cease within
laws. impGrts firmnesS. The general
on among European authorities is that
,wesr price has been touched this sea-
although sufficient supplies are practi-
assured. European crop prospects
Il y are below the average, though |
bly not much.
= ooI, Cotton and Drycoods Markets. |
her prices for new clip wool at the in |
. and increased production of wooden |
point to higher prices for the raw ma
at seaboard. There has been an
e demand for pulled woods at prices
D could not have been secured a month
spot cotton is off lice, with manifest
erence by home and foreign traders to
4 and unofficial reports of reduced
ge. The demand for fall patterns of
IN dress goods has set in. The whole
.IygOOGs trade at the East has slack
in part due to the weather.
!. Dan & Co. ; weekly review saws: The
luaucc OF very unfavOrable weather |
LnOut a large part of the West begins
I>e apprehensiOns regarding the crops
year. In all other respects the situa-
ppcars salts ,actOry, and at most points
respects for trade are considered more
III The money markets are every
= easy. with visible improvements in |
.mand at a few points.
foreign trade in April was remarka-
The exports of cotton, breadstuffs.
-lOns, cattle and oil, amounted to s5.-
, against S7, ,665 223 tor the same month |
ear, with large decrease in cotton be-
of lower prices, but a heavy increase
.adstuffs and cattle. This month ex-
from New York show gain of % per
hus far over last year, and meanwhile |
lports Of last year are barely main
Drops in the Bank Race.
following table gives the clearing
returns for the week ending May IL,
nd the percentage of increase or de
. as compared with the corresponding