Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-10-29
THE CRY Is FOR CARS.
Their Great Scarcity From Pittsburg
to the Rockies Shows
TIE BEST AND WORST OF TRADE.
4 General Belief That Western Crop
Figures Are Understated.
NEW BALLOT LAWS BOOM BOOK PAPER

NEW YORK, Oct. 2S-R. G. Dun & Co.,
in their weekly review of trade, say:
There is a car famine from Pittsburg to the
Rocky Mountains. This single fact shows
the best and the worst of business. The
West is marketing enormous crops, proba-
bly, exceeding in quantity all official or un-
official estimates; but Europe is buying but
moderately, the demands of the East are
not greater than usual, and all the eIeva-
tors, both East and West, are crammed
with grain and the yards full of loaded cars.
Wheat is selling at the lowest price ever
known in New York. Many years ago it
touched 76 cents in one day, but the QUOTA
tion is now 7534 cents for October delivery.
Receipts at Western points have been
6,30O,0O0 bushels in four davs, and more
than $1,000 900 bushels in four weeks, while
the exports from Atlantic ports in four days
have been 100000 bushels. The price here
has declined 15s cents, and the opinion
steadily gains ground that all estimates of
the crop have been below the truth.
Other Farm Products and Iron.
Corn has advanced I3s cents and oats !
cent. Tie belief is that the yield OF corn,
though larger than was recently expected,
will not be quite equal to the years demands.
Oil has declined q cent, while coffee has
risen an eighth; but the price Of cotton is the
same as a week ago.
At Philadelphia the iron trade improves.
A jump in prices of soft steel is seen at Pitts
burg, but the glass trade is not in good con-
ditiun. General trade is good at Cleveland,
with rolled iron in active demand.
Structural iron is IN great demand. and
sheets are very active, as well as plates; but
bar is but moderately active and rails re-
markabiy oull. Stocks of pig iron are shrink
in and prices firmer, Southern producers
finding less occasion to crowd down the
market in order 10 dispose of their products.
Copper is more steady at ll3l cents, and tin
unchanged, while in coal heavy cutting of
prices is reported
Exports OF domestic products continue
much below last years in value. as is nat
ural, the decrease at New York for four
weeks being about 20 per cent. Imports
continue remarkably large and Treasury re-
ceipts SO heavy that the stock of gold in
creased Sl,30O0O0 and OF silver s., 2OO, 600,
while Se,101.O10 more paper was put out. Tne
stock market has been stronger, but specu-
lation IS still unsupported by any public de-
mau0.
New Ballot Laws Boom Book Paper.
Though it is not the season for special
activity in boots and shoes. it is stated that
not for years has there been such a demand.
The demand tor paper is so large that prices
OF fine quality have risen i cent and book
paper from quarter to half q cent. Tex
tie manufacturers are as busy as usual.
The business failures occurring through
out the past seven days number Isl, as COM
pared with Il total OF 30 Ior the correspond
ing week OF last year.
ETddStTeetS review says: The elimination
of the long anticipated "deal'' involving the
Boston and \ aine and Readin. interests,
ana it is to be presumed the New England
a. well, has been the overshadowing infiu-
ence in the speculative 5 ARE market. The
more tile matter ~ looked into the clearer
1t becomes that the close traffic alliance be-
tween the BOstCn and Maine and Reading,
though beneficial in its influence to each
company, and especially likely to increase
the business passing over the PoughkePpsie
bridge division OF the latter, does not afford
legitimate grounds for any expectation of
an extraordinary improve nent in the fnan-
cIal position OF the New England Railroad.
The latter stock, OF course, was exceedingly
active on the market. Reading, too, was firm
throughout the week, the speculative po-
sitlOn of the stock being strengthened by
the Withdrawal OF the New Jersey receiver
ship suits of portions OF the Attorney Cen
portaJiGn OF coal. This is intended to head
OF an application TO transfer the suits to the
nlteI States Courts, on the ground that
such matters come under the head of inter-
State commerce. The interpretati ton, how
ever, Is that the force OF the mplain Is has
been weakened thereby. At the same time
the coal stocks were helped by the resolu-
uon OF the sales agent to restrict the No
FemOer output, and not to advance prices.
Pittsburg Seventh in Bank Ciearings.
The following table compiled by Brad
streets gives the Clearing House returns Tor
the week ending October p, ana the per-
ceEtage OF increase or decrease as compared
with the CORES ponGing week last YEAR.