Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-08-20
THE BUSINESS WORLD.
Mercantile Agencies Show a Small
Increase in General Trade.
STRIKES AND MINE TROUBLES
Have Little Present I fleet on Either Rail
or ron Traffic.
TIE FAILURES AND RAILWAY NEWS

ESPECIAL TELEGRAM TO THE DISPATCH.l
New YORK, Aug. 1a-Special kilograms
to Bradstreet's indicate, on the whole, a
moderate increase in the volume of general
trade, as larger orders for nearby delivery
have been received by wholesale dealers in
staple drygoods, clothing, shoes, hats,
millinery and light hardware at Chicago,
Duluth. ST. Paul, st. Louis, ST. Joseph,
Kansas City and Omaha. This, at time
when harvesting is not finished in the
Northwest, is significant.
An encouraging feature is report, based
on interviews with leading members of
Baltmore's wholesale trade, that business
in the South has improved; that the South
will buy more, and that more of its mer-
chants will come North to make purchases
than for several wears. Collections in the
cotton regions however, will be slow until
October l.
Hides are irmer and leather is in good
demand at Boston and st. Louis. Philadel-
phia wool spinners are running to full
capacity. Tobacco is held firmly at recent
high prices, which checks free buying
Canned goods are stronger but the Column
bia salmon pack. while slightly smaller than
last year. is inferior in quality.
The State of the Iron Markets
tdvices from all Northern and Western
cities show that interior merchants are be-
ginning to select fall stocks earlier than
usual At the West pig iron is as weak as
h. retofore, but manufactured iron still
shows some strength. The South is now re-
stIicting pig iron production.
Loui>iana's rice crop will be twice as large
as last year, but this, as well as sugar and
in rl,ot Go lota
fit!l trade in New Orleans. San Francisco
has sent two carsoes of redwood and barley :
to The United Kingdom this week. Raw
sugar is ll6c higher on good demand.
The Buffalo strike and interruption to
railroad traffic have induced caution in the
current speculation in railroad shares at
New York. This does not interrupt the ad-
vance of industrial companies shares, which h
have contin ued to climb, though manipula-
tive assistance is discernible.
The fall of silver main tains an unpleasant
feel1ng abroad about American securities
and cheap foreign interest in this market.
Silver rallied early in the week, but declined
again to the lower figure, 47Ld, on reports
that an Asiatic bank was embarrassed. Ex.
change is strong on the sufficient supply of
commercial bills and the absence of draw
fEgs against cotton and grain futures. Gold
shipments this week aggregate 81 $50 000 a
noticeable feature being that the sub-Treas-
ury paid out the specie against Treasury
OoteS
Railway Earnings on the Ircreas-.
Railway companies which report net earn
fngs, including the more important in all
portions of the country, announce Sl6. 900 600 |
aggregate net earnings in June per cent |
more than in June, 1891. In May they showed |
decrease of 8 per cent from the total in |
May, 1891 For six months net earnings |
aggregate s1oO.oOo,oOO. or more than per |
cent in excess of the total for like portion |
U mn hst I'm 1n1e
year was only per cent.
The demand Tor bleached cottons Is equal |
to the production and prices expected /
To advance. Print cloths maintain their |
extraordinary activity, and mills will have |
no stocks unsold for two months to come at /
least. Mills are securing larger profits than
for number of years. All-wool dress /
fabrics are in active demand. Mills are very |
busy on heavyweight mems wear woolens
Wool is selling less freely than a year ago.
with free receipts and neavy stocks. which |
prevent an advance Raw cotton is l-l6c |
lower on better crop reports here and dull [
foreign demand.
Grain Movements, Failures ana CIearings
Exports of wheat, including flour as
wheat both coasts, this week equal 3. 100, 600
ushels, against 4, 5000 bushels last week
anG 3,91sc00 bushels week before last In |
the week one year ago like shipments aggre-
gated 5,76i00O bushels; in 1890. $3.50 0c0 bush
cts; in lSs9, 2,70S00O bushels, while in the
week in 1883 similar exports equaled 2, 1856 600
bushels. The heavy movement of the pre-
ceding oruight has declined. The advance
Ill prices of wheat is largely due to inter-
lupted transportation via Buffalo
The number of business failures has in |
creased throughout the United States this
" eek, the total being JS1, against l3S last
" eek; ISL ill the week one year ago and I6O
two years ago. The percentage of those |
failing with capital above 5000 but less
than $40, 600 has jumped from an average of
about per cent weekly to 13 per cent this
week.
Bank clear1ngs a all cities this week ag-
Eregate about 81 COS, 600 600, not quite per
cent more than last week and about one |