Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-07-09
K LABOR CLOUD
Its Black Shadow Over the
.eneral Trade of Pittsburg.
TRAFFIC REDUCED EVERYWHERE,
Though No Very Marked Change is Shown
at the Large Centers
WHAT BRADSTREETS AND R. G. DUN SAY
ESPECIAL TELEGRAM TO THE DISPATCH,

ESPECIAL TELEGRAM TO THE DISPATCH,
NEW YORK, July Especial telegraphic
returns to Bradstreet's indicate that the de-
creased volume of trade in the short bust
ness week following the holiday has been
cut into still further by serious industrial
, disturbances in Pennsylvania and New
York and by attempted Stree silver and
''anti-option" legislation at Washington.
There are nearly $4,000 iron and steel,
lumber, stone quarry, paving and other en-
ployes on strike or locked out, aside from
the usual idleness at this season of nearly
$1,000 glassworkers In all, about $50 iron
and steel mills are idle, most of them west
of the Alleghenies No agreement on the
iron or steel wages scale has been announced
but the former appears the more likely to
happen.
Riot and bloodshed at Homestead have
served to check business in almost all lines
at Pittsburg and neighboring points Will
lam Weihe, ex.President of the Amalga-
mated Association, wires B-udstreet's that
che Homestead employees ask for s24 for steel
oillets as the basis of the wages scale, be-
cause, as he states, billets are quoted at that
price with an upward tendency.
No Change at the Big Cities.
The larger commercial centers show no
marked changes. At Boston boot and shoe
manufacturers are pressed to fill orders, and
sales of shoes in general are reported fairly
active at all points. Hides are frmer at
Eastern markets, and at the West there is
more inquiry for leather. Lumber is in
quite good demand West notably at Du-
luth and Minneapolis Wooden yarn spinners
at Philadelphia are running full time, but
prices are low.
Fall orders in staple lines are being re-
ceived at Baltimore, but they are smaller
than heretofore. Chicago reports staple
products in fair seasonable demand, consid-
eIing that farmers are generally busy with
crops. st. Louis reports stocks of summer
goods low and those of fall goods coming in,
with lair sales in most lines.
Kansas City sends out all its travellers this
week, and St. Joseph reports that favoring
weather almost insures good crops. Cattle
It Omaha and other Western cities are
higher. At New Orleans preparations are
making to handle more Texas wheat and
ats. At most cities not named trade is
uiet.
The stoppage of so many iron mills has
srengthened finished iron and steel, but pig
on is as dull as ever. with "prfvate terms''
Is for No. Y, now made public for best
astern makes. Steel bfllets have been
tlonger and steel rails are more active.
The Movement of Wheat Abroad.
Telegraphic and cable returns to Brad
reefs as to stocks of wheat available in the
hib6N otdbSS. NdHdud dHOdt Europe anu
Europe July ], show an aggregate of S9-
oOOO bushels, heavy decrease during
lne last-no less than el,0J0 600 bushels,
1ree-fourths of which took place in ioat
md European stocks-a remarkably rapid
rate. The foregoing aggregate is 5000, OOO
bushels larger than one year ago; 10000, 600
bushels larger than two years ago, and 49,
600 900 bushels larger than July i, 1853. Total
American stocks of available wheat, both
coasts 356j9.050 bushels, are materially in
Of sim fiar I,,l.,
and 1889; but smaller in some instances, ma
terially So than the aggregate July i of
1855, lSS7, 1886 or 1855. Cable advices from
Melbourne, July z, announce 2S53 0O0
bushels OF available wheat in Australia az
compared with 5,5Os, 600 bushels July l. 1891.
Bank clearings at cities throughout the
United States, as wired to Brddstrecf'e ag-
gregate 81, 1900 600, an increase of II per
cent over the totals for the like week one
year ago.
The hardening of loan rates throughout
the country during the week has teen due
in part to applications fer funds at New
York to aid in the crop movement out also.
TO an appreciable extent, to feluetance on
part OF investors and loaners OF capital
20 eiit"r into new Or long engagements at
the mol-ent
Business Failures stin Dwindling.
There were 152 business failures in the
United States this week, against I7O in the
week before, and Dos in the like week one
year ago.
Iall prints nave opened at an ADVANCE OF
Mc. Mills are well supplied with orders, but
have no stock. Trade is quiet in staple cot
tons, but large orders have been received at
first and second hands for future delivery.
Woolens are dull. Carpets are active.
Raw cotton is another Lee off on a re-
stricted market, due to prospects of the
passage OF the anti-option bill. Domestic
woods are quiet but firm. About Il, 600 bales
have been purchased at the London sales Tor
the United states.
Experts of wheat, including flour as
wheat, from United states seaports on both
coasts for seven days ending July equal
1900, ,5O4 bushels, smaller total than in any
preceding week for more than a year, a de-
cline OF nearly 40 per cent from the like
port total in the preceding week, and of 10
per cent as compared with the like week a
year ago Available stocks of domestic
wheat fell away only one-third as much last
week as in the week a year ago. Exports of
Indian corn this week dropped off about
One-third to 1898 900 bushels, which is about
one third the total sent abroad in the like
week OF 1891
While speculative activity is at a low ebb
the share market inclines toward better
values on the encouraging prospect for the
defeat of the free silver bill, aided by the de-
cline of exchange and the apparent willing
ness OF foreign bankers to make sterling
loans on the market. The latter feature is
considered indicative OF an end to the gold
outflow and of healthier condition of rates
Tor money. The actual gold shipments were
much below expectations, and while the
1irmer loaning rates are partly attributable
TO fears OF silver legislation, it is believed
that he stagnation of the money market is
nearing its end. Silver Is low and weak on
the Absence OF buying caused by the Stewart
silver bill.
X. c. Dun on the Iron Trade.
r. G. Dun, & Co.'S weekly review says:
here is a stronger demand Tor finished
.roducts of iron and steel, while pig iron is
sverloaded and weaker and the Thomas
company has reduced its price for No.
anthracite 81 to Sl5 per ton, which is believed
% be the lowest price ever recorded. Sales
OF 10000 tons of steel rails have been made
by Eastern works, and the aggregate for the
half year has been $4,000, with $50, 1000 tons
~otually delivered, which corresponds with
decrease in railroad building and the
Dect that the new mileage Tor the year
be only about 5000. Bar iron is in
Y demand, and structural, also, with an
nee Of about 81 per ton.
title mills are all well employed for the
IN and better orders for wooden goods
been given an impulse to purchases of
by manufacturers.
'ittsburE Eighth in Bank Clearlngs.
following table compiled by Bradstreet's
rs the bank clearings for the week end
July Z, with increase or decrease as COM
d with the corresponding week of last