Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-10-01
WITHOUT ONE CLOUD.
That Is the State of the Commercial
Sky, According to r. G. bun.
PITTsBURG'S TRADE Is IMPROVED.
A Firmer Money Market Makes Slower
Speculation in Stocks
WALL STREET MOVING CAUTIOUSLY

NEW YORK. Sept 30-R. g. Dun & Co.
ness continues larger than ever, and the
commercial sky is without cloud. Money
is everywhere in ample supply. and collec-
tions have very rarely been more generally
satisfactory. The outgo of money from
Western centers for purchases In the coun-
try is larger than usual, and yet there is no
embarrassment Crop reports are uniformly
favorable and the promise is distinctly bet
ter than it was a few weeks ago. In general,
business is not only large and remarkably
healthy, but the outlook ior coming months
is everywhere regarded with the utmost
confidence.
At Philadelphia iron improves with
small sales. Trade in glassware is very
busy Iron is in better demand at Pittsburg,
and the glass business is good.
Speculation in breadstuffs is lower, with
small transactions Wheat and oats are
nearly a cent, and corn 12s cents lower.
Cotton speculation has been enormous, sales
reaching 1850, 900 bales with an advance
OF &c during the week, in spite of better
receipts and more favorable corn reports.
Miscellaneous Products and Drygoods.
Pork products are higher; pork rs cents
per barrel, lard 55 cents and hogs % cents
per 100 pounds Coffee is sc stronger, but
oil is about cents lower. Western receipts
of cattle are 175, 900 head against 145, 900
the same week last year.
The Hebrew holidays cause the usual de-
crease in sales of textile goods The cholera
scare has diverted many buyers from New
York, and it is between seasons for woolens,
hut doc sti Tha in
woolens is excellent and sales of wool i'm
prove here and at Philadelphia Trade in
knit goods is hesitating. Boot and shoe
works are pressed to meet their orders.
Large sales OF pig iron are reported,
especially at Cincinnati All works making
structural iron are very busy, though bar
iron is still weak and rails inactive.
Copper is unchanged at 11Ac; tin hesi-
tating at 20.05, and lead dull at 4 071t cents
Business failures occurring throughout the
country during the last seven days number
20S, as compared with totals of 211 last
week. For the corresponding week of last
year the figures were 230
Bradstreets Wall street Review.
Speculation in the share market has as
sumed narrower dimensions The present
week has not been without further evidence
of underlying strength, but the improving
tendencies have been confined to limited
movements in particular stocks. The tirmer
feeling of the money market appears TO ex-
ercise a restraining influence and checks the
freedom with which manipulative interests
have of late created advances in values. A
rapid reduction of the reserve balance of
country banks in this city seems to be now
in full progress.
Tangible evidence of the process is af-
forded by the stronger condition of rates
for call money, which advanced to 5G6 per
cent, and, though subject to variations, are
more firmly held than has lately been the
case. At the same time the advance of ex-
change rates, which in the beginning of the
week seemed likely to lead to renewed gold
exports, has been checked. Nevertheless,
the stock market has been affected by the
dubious financial outlook, outside participa-
tion shrinking to still smaller dimensions,
while the cliques of bull operators in various
specialties have displayed cautious and
hesitating disposition. Foreign operations
in this market continue to be upon y very
limited scale.
Pittsburg Seventh in Bank Clearings.
The following table, compiled by Brad
streets. gives the Clearings House returns
for the week ending September 29, 1892,
and the percentage of increase or decrease
as compared with the corresponding week
last year: