Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-11-05
NO BAR TO BUSINESS.
Only Stock Speculation Suffers From
Political Activity.
GENERAL TRADEBARELY CHECKED
And Continues to Be Enormous in Volume
Almost Everywhere.
PITTSBURG NINTH IN BANK BUSINESS

NEW YORK, Nov. 4-R. G. Dun & Co.,
in their weekly review of trade, say: Even
in the last week before Presidential cleo
tion business has continued very active.
Indeed, the volume is far beyond any prec-
edent for similar period. Yet the COM
ing election has plainly diminished business
in two ways: Multitudes have been di-
verted from trade 20 political activity, and
many more have chosen to postpone trans
actions until the political uncertainty has
been removed. The fact that even under
such circumstances trade has been enor-
nous shows how powerful is the impetus
toward activity and expansion. The people
are clearly buying more goods than ever
before, and IN some branches manufacturers
are realizing slight advance in prices
Money is closer at some Western points,
but nowhere is stringency seen, and there
is no apprehension as to the immediate
future.
Wheat Touches Rock Bottom.
Wheat has touched the lowest point ever
known in this market-731I cents-receipts
at Western ports being still enormous,
though this week averaging little less than
500, coo bushels daily. Exports have much
increased and recovery in price to 741a
cents has resulted, but the decline for the
week is still ~ cents. Corn has fallen
cent, with moderate movement, but oats are
a cent higher. Sales of corn have amounted
to moro than 1,00O, 900 bales, and the prlco
has adv anced an eighth for Southern ac-
count, appearing to indicate greater de-
crease in yield, and the receipts are again
compare lively small. Hogs are three-eighths
lower, while lard is a quarter stronger and
Ill 1ss cents higher. Speculation is not very
octive, except in cotton.
PittSburg notes activity in 1rOn eSpe-
cially finished products, and a fair trade in
glass At Cleyeland business is good, ex-
ceeuing last years, especially in rolled iron.
Pig iron business improves every year. and
uns sold stocxs are last disappearing. West
ern competition depresses plates, but for
the industry MS as whole the tone has dis
tinctly Improved.
The demand for wooden goods is active for
the season. Cotton goods are firmer, and in
some lines higher in price. Boot and shoe
factories are surprisingly busy for the sea-
years per cent. Rubber is easier at Coo
lor paraffine, and the advance in paper has
been Maintained, though there is some feel
ing OF uncertainty. In general nothing
and with colder weather and political un-
certainty removed great business is antici-
pated.
The General Financial Situation.
The business failures occurring thro ugh
out the country during the past seven days
number a3S, as compared with 1877 last
week.
Bradstrects weekly Wall street review
says speculation seems TO be waiting for
political excitement to subside. The ap-
preaching Presidential election has this
week not only absorbed the attention of
the street. but for the moment reduces par
ticipation to the lowest ebb, reducing tine
movement of prices to the narrowost limits
and depriving the changes actually exhib-
ited OIL any special significance. The trad
ing for the week has, i'll tact, been strictly
confined to u small body of protest.. nal
operators, who have found in the lack OF as
sIstance, either from the outside public or
foreign interests, little encouragement for
their endeavors to maintain q sembance of
activity. So lar as the market has exhib-
them originate in q disposition to reduce
holdings and to put out small lines OF shorts
on the theory that the dullneSS which
seemed inevitable till after the election
would result in slightly lower prices. These
manifestation occupied the market till
Thursday, when covering OF the Aforesaid
short sales, induced by the failure OF the
rate, resulted in recoveries, unattended,
however, by any real activity.
Pittsburg Ninth in the Bank Race.
The following table compiled by Brad
streets gives the Clearing House returns for
the week ending November 8, ana the per-
centage of increase or decrease as compared
with the corresponding week last year: