Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-10-15
BUSINESS Is BRIGHT.
A Very Favorable Report for the Past
Week All Along the Line.
IRE IRON OUTPUT INCREASING.
Exports Are Again Increasing. Though Big
Imports Continue.
rlTTSBURG DROPS II BANK CLEARlNGS

NEW YORK, Oct. 14.-R. G. Dun & Co.
In their weekly review of trade, say: Once
more it must be said that trade indications
are entirely favorable. Even the shrinkage
in expor;s has ceased an increase of
81, 500, OOC appearing here last week, while
imports continue surprisingly large and
foreign exchange declined.
Pittsburg reports sitter market for pig
ircn and good demand for manufactured
products, with improving prospects on the
& ass business.
Wheat is an eighth stronger than year
s-o. but corn is 1e lower; oats, 118e; hogs,
2ec, and lard, 15c per 100 pound; cotton
&c lower, with sales of more than 100, 600
bales for the week, and oil &c lower. Im-
proved crop reports and heavy movement
OF products push prices downward.
The iron output October 1 was 15s, ,021tons
week. Y, against 151 ,6iS tons September 1, this
in spite oithe fact that the stock on hand
decreased 1924 tons during September.
The demand for pig iron is improving. A
general advance of SOC per ton is reported
for pig. with liberal buying, while trade in
plates is very unsatisfactory. Bar iron is
somewhat better and structural mills are
full OF orders.
Reports From the Big Cities.
Boston reports active trade. At Phila-
delpha the iron market decidedly improves.
Western orders for coal cannot be filled
becau>d the railroads are blocked and good
orders for the spring, fall and winter trade
are reported in drygoods, while the wool
market continues active. Trace in jewelry
is fair and paints and oils are active. At
Baltimore the infrequency of Southern
failures is gratifying and collections are
more satisfactory.
At Cleveland rolled iron is in large de-
mand, though pig is lower than ever in
price. The boot and shoe trade at Indian
apolis reports increased sales, and at Ft
Wayne sales of merchandise exceed last
years Building is fair and manufacturing
healthy. AT Detroit manufacturers are full
Of orders and trade is good
Chicago again reports enormous increase
in receipts, those of wheat, oats and barley
having doubled, while receipts of corn are
about Is times last years: in wool, gain
of 40 per cent is reported; in cattle and hogs,
Is per cent. and some increase in flour,
dressed beef, butter and cheese. Business
was never more prosperous and shipments of
merchandise are of enormous magnitude.
Trade is remarkably strong at St. Louis, the
corn crop proving larger than was antici-
rated. Business is larger than last year at
kansas City and very good at Denver At
Minneapolis nearly all branches show in
crease over last year, and the output of
-four, go, 900 barrels, is the largest ever
known in a week At ST. Paul increased
movement in crops is seen. At Omaha
trade is very busy. Business at Nashville
is improving, but at Little Rock is still
dull
Conditions of the Commodities.
Livelier buying continues in copper at
715s cents, and speculation moves tin up
ward, but lead is weak and unsettled al
cents
Cotton and woolen mills are fully en-
ployed, and many OF them can't fill their
orders, though running their machinery
night and day Sales of wool this year at
three chief markets have been 247 ,000, 900
pounds against 194, 600, 600 to the same date
last year. Strong buying is seen in cottons.
The business failures occurring throughout
the country during the last seven days num-
Der 215 For the corresponding week of last
year the figures were 259.
Bradstreet'S weekly Wall street review |
savs: The holiday spirit which prevailed |
curing the early part of the week naturally |
resulted in considerable speculative dull |
ness. 1t was, however, noticeable that the |
inactivity created very slight impression |
upon prices and that even the augmented |
tirmness of the money market failed to give |
q bearish tendency to the market The re-
sumption of business on the Stock Ex- |
change Thursday resulted in the appearance
of other factors, which have given an in |
creased bullish tone to the proceedings A |
renewal of foreign buying has been the |
most encouraging of recent developments |
Pittsburg Drops in the Bank Race.
The following table, compiled by Brad
Streets gives the Clearings House returns |
for the week ending October Is, 1892 and |
the percentage of increase or decrease
as compared with the corresponding week
last year: