Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-06-11
BUSINESS IS BETTER.
Encouraging Reports Come in From
All Over the Country.
THE BANK CLEARINGS ALL BIG,
And the General Condition Of Affairs I'm.
proved Everywhere.
ONLY ONE LARGE CITY A BIT BEHIND

NEW YORK, June 10-r Sperial Especial
teleErsms to Bradst'sst's from leading trade
centers shaw that aside from a moderate i'm
provemert in the demand, increase in vol
ume CT business, and Frightening of outlook
renorted from st. Louis, Kansas City, st.
Joseph. Omaha, Chicago, St. Paul and
Minneapolis, the only similar return is from
New Orleans, where distti1ative trade has
improved, despite high water in :he river,
as all erevasses have been closed except one,
which does no great damage. The antici-
pated gain in business at Cincinnati has not
appeared, while in Memphis Galveston and
Indianapolis trade hangs fire, merchants
showing little disposition to stock up. Bal
timore reports that Southern buyers are
Withholding fall orders and buying on the
basis of the low price of cotton.
Cattle are more active at all Western
centers, and hogs are in good demand 10
cents higher. Missouri and Kansas report
the likelihood of average wheat crops.
Sugar is firm, tending higher Leather and
hides generally are no stronger, and boots
una shoes are dull.
More ctiviry in Wall Street.
q. Notwithstanding an.icipations of gold
shipments and bank failure in London as
disturbing influences, the dullness and de-
preston in Wal street early in the week
the last few days The most tangible cause
for change is in the indications that the
finances of the Northern Pacific Company
are to be put upon better basis. Cold ship
nents for the week aggregate 5000 0Oa. Silver
has had sharp advance and reaction on
foreign buying for India account.
Teegrams from 20 cities to Brddstreet's
showing rates for call and time loans with
rates of exchange in New York, bring into
strong relief the dullness in domestic money
markets. Some national banks at New York
arc reported anxious 70 reduce the rate of
interest on country bank deposits, owing to
inability 20 secure employment for funds.
Gross earnings FOR May reported to Brad
st-ee'S Ivy companies operating 81, 900 miles of
railway aggregate S36. 1913 600, a gain over
May, 1891. of only 20 per cent, and trife
more than per cent, as comDared with
bIay. 1891 Total earnings for five months
are sl9S 526 O00 or per cent more than in
over last has been steadily declining of late.
Heaviest increases naturally are found
among the Changers and Central Western
lines.
Special cable advices TO Brddstreet's indt-
cate that stocks of available wheat in
Europe. with the total quantity afinat there
for, aggregated on June !, rs, 496, ,oa0 bushels,
or quite much as January l, last. while in
the United States and Canada total availa-
bic stocks have decreased $500, 900 bushels
since January l. European af1oat and Amer.
ican available wheat stocks June amounted
to l2O, I70, 900 bushels, 100000 bushels more
than one year ago. More European end
American wheat was available, as above, on
June than at any date in the whole OF 1884,
Uniform Gains in Bank Clearings.
Bank clearings this week exhibit surpris-
Ingly uniform gains as compared with the
second week OF June, 1891 The total re-
ported to BrddStreeS is ST. lS3 900 600, or 16 per
cent more than last week, and 1876 per cent
more than in the like week year ago. All
the large cities shared in the weeks increase
except San Francisco, where midsummer
dulness prevails.
There were lS7 business failures in the
United States reported to Brddstreet's this
week. A year ago the weeks total was DDS.
and last year it was, 1853. Exports of wheat
and flour. as wheat from both coasts of the
United States this week. as wired to Brad
streets, equal 3052. 797 bushels, against $685.
464 bushels in the week year ago, and
2,s9l356 last week. Shipments from Mon
treal aggregated 403,4 bushels, beside
S526 barrels of flour. Out OF the 8, ,552, ,797
bushels sent abroad from the United states
the equivalent of / SOC, 600 bushels went from
New York. There were no exports from
New wool is not being taken freely, owing
to delay in reaching Eastern mark cts, and
to relatively higher views as to price West
than East. The next London sales will
begin Tuesday, and trade opinion favors
higher quotations there. Raw cotton has
advanced &c on renewed reports of re-
duced acreage. and better foreign demand.
cotton goods stocks are much reduced in
iobbers' hands. Some mill owners con-
template changing the style of their pro-
ducts, in an effort to meet the wants of the
new Southern market. Print cloths are
higher. Blanket mills have not caught up
with their orders.
Piitsburg Eighth in Bank C1earings.
The following table, compiled by Brod-
streets gives the Clearing House returns for
the week ending June g. 1892, ana the per-
centage of increase or decrease as compared
with the corresponding week last year: