Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-02-13
Bradstreet's and Dun Say There Is No
Improvement This Week.
IRON BUSINESS Is STATIONARY.
Cotton and Silver Each Touches the Lowest
Point on Record.
FAILURES MUCH FEWER AND SMALLER
ESPECIAL TELEGRAM TO THE pIsfArcH.t

outlook for the near future. Orders for
spring goods continue to be received, rela-
lively most freely from the upper Missis-
sippi Valley, and hardware, lumber and
other building materials have shown some
gains.
Total bank clearings at 81 cities this
week, as wired to BsadStreet's, show gain
of about . per cent over the totals for the
first week in February and of 26 per cent
over the second week of February, 1892
New York's clearings gained &c per cent
this week over the week q year ago.
Pig Iron, OH and Coal Quiet.
Slight changes are noted in special lines.
Hides remain quiet, as do petroleum, pig
iron and anthracite coal Stocks of raw
rubber are accumulating at Boston, but the
demand for leather and shoes has shown
little gain.
At New Orleans the distribution of
staples has fallen off again, owing to re-
newed depression in cotton and the disln-
clination of dealers to sell goods in the
country under these circumstances. Loul-
siana rough rice is dull, as the new COM
binatlon offers less than holders ask. To-
bacco is not active, but is firmly held at
high prices.
Structural iron in Pennsylvania has fallen
from 1-0c to 2 4-10c since the disruption OF
the combination Some makers of pig iron
refuse to quote for future delivery at late
concessions.
Live cattle are in only fair demand at the
West. Hogs have declined sc. Wheat has
been irregular and &c lower on the week.
Exports have been smaller, amounting to
only g. Gal 900 bushels less from both coasts,
with flour as wheat included, than In the
preceding week.
Small Increases Of Railroad Earnings.
Gross earnings in January of 125 leading
railway companies show total of S37, ,062,-
955, an increase of only 81 per cent, as
compared with January, 1891, in which
month the increase over JANUARY, 1890, was
60 per cent. The only gains worth noting
last month were % per cent of Granger and
g. per cent of Central Western railroads,
due to the unprecedented grain movement.
Southern roads, as expected, show de-
crease of 10 per cent.
There were 214 business failures in the
United States this week, against 279 last
week and 260 in the week year ago. The
total from January 1 to date is 1850; in a
like portion of 1891 the total was 2,061. Out
of the total for the week, 49, per cent are
of concerns employing s., 900 capital or less,
and 1875 per cent with $1,000 to $4,000
capital Only one failed this week with
capital equal to or In excess OF $50, OOO.
Sales fwool are not as free as week
ago. Large blocks are disposed OF only at
concessions Australian woods are most
active. Ohio and Michigan grades tend to
lower prices. Good pulled wool is going
freely into. the hands OF cheviot manu-
facturers.
Raw cotton has been weak on free re-
ceipts from plantations, losing sc. The
Government cotton report is Interpreted to
mean crop OF ., TO-, OO0 or 9,OOO,00O bales,
as opinions vary, and appears to have been
ignored in the markets.
The state of the Drygoods Market.
Wooden goods are in only fair demand.
The sale of 100000 pieces of print cloths
nas & st.neneu ';,a' man n.a, S anu ptin'S I'M anu
SlHsnalrs ate % iI ee'vel el,t;' uanu' 'ne ia''er
Tis 'otu .i "ueau ~ 20 az
a. T PooSimo nao:as tho IaSioS T Woi,I III "nioI
Ine Iu ise %..toi eses r.;. Va; 'aney anu
yeIset oen'Iai Rlopet ui, 'ne Lachawahna
OeooS i az as " III III .oa.on, .I.I, W
eon.iol anu ies su.e 'ns eo"i
traue, was Pieoeusu anu at.enueo ny intense
actlvlty anu raplu e evahces IN tnst group Oh
stocks and those of some allied concerns.
The speculative share market now exhibits
subsidence of the excitement although the
.;;oatJ fa-orobla af,not. ~ A. -.
a ahtiei eS % 'no
menu Will, IL Is urgeu, nave Ill tiihe SUM
ulatlng influence on the general market. 1t
is noticeable however that outside of the
Coal stocks the general list has shown liz
a. .ontb 81 +bo+ foro;rr ;n+oros. -
,ie e'ienst ~nu ii IN: ~ A"fe
peen Peisie'ens se~ nioFemenG
rise of exchange, which has ad vanced 1c on
tho mound and is now less than 1c from tho
- o.o,,4;nrr ,,o;nt 0
guy eAPoi:ns Poss ,..
Inc continuance OF pletnorlc condltlon
of the money market apparently tends to
suppress feelings of uneasiness on this
score Silver has AGAIN declined and
s'nIa soOtI 49, Io,,ost - ~, raonnd on. nu a
toucheu tne Io"es. Piioe on iecoru' 9Vc per
ounce, rally1ng snShtly.
D1u Saws Silver and Cotton are Down
X. u. DUN q 20. weekly review OF trade
sovs.
S;,o o,a oo.ton bora doo,;r., 80.
f,rtber the latter = 3.ls cents. the Iowess
price for many years, and silver bullion to
Aid at London the lowest price ever re-
corded. though there followed a slight re-
covery to AID Cotton receipts and exports
have both been much larger than wear aoo
and are very large.
Wheat has declined u cent on sales of 49,
OOO,COO Dusnels, tne eAp0rts De!ng seriously
diminished, and corn has fallen n cent on
sales Of l5,OOoooo bushels. the western re-
ceipts being unusually large Lard and hogs
were somewhat stronger and coffee ad-
vanced &c, but OIL is quarter to lower.
For the first time In many months the ex-
ports of products from New ork fall a little
below those or the same week last year. but
very large.
The production of pig iron is about sta