Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-01-16
THE SEASON is SLOW
But December Was the Biggest Export
Month on Record,
so BRADSTREET'S AND DUN SAY.
The Supply of Money Is ufi ;ient Except
in the Cotton Stas9S.
No LET.CP YET IN IRON PRODUCTION
ESPECIAL TEL EGRAN TO THE DISPATCH 7


Chicago, Duluth, Minneapolis, st. Paul
Milwaukee, Omaha, Sioux City, Davenport
Lincoln, st. Louis, st. Joseph, Kansas Cit,
and other prominent distributing centers t.
regions where crops of wheat and corn hav
been very bountiful and sales free, anC
where, in consequence, farmers and other:
have been enabled to pay of good share o
their debts, as well as TO supply curren
wants.
East and on the Pacific coast genera
trade remains quiet, and at the South dull
at some points depressed, owing to the Low
price for cotton. Further West, in Texas
business is only fair, with collections abou
an average.
All Along the Atlantic Coast.
On the South Atlantic coast there has ac
tually been little gain in leading jobbine
lines. Lumber and naval stores at Sa
vannah are in fair demand. Baltimore ha.
a far-reaching traffic with the South and re-
ports business very quiet, less active thar
in a like portion of last year, with collec.
tions poor.
Even at Philadelphia the start is a slow
one Travellers in some lines are not going
out as early as in other years, while up
holsterv and carpets are in only moderate
demand. with prices low and unsatisfactory.
Depression Is also noted at Cincinnati,
though cold weather has helped business in
the clothing and boot and shoe lines there
as elsewhere West.
All leading lines in New York and Bos-
ton are quiet, except that little more in
quiry is noted for spring drygoods and rub
ceipts are slack and ocean treights are lower
than for four years. In special lines there
is no great change.
Mills Still Turning Out Iron.
Iron continues in heavy output, with no
gain in prices or demand as vet. Anthra-
cite coal too, is being mined and shipped
freely, no allotment for the year having
been agreed to yet.
Sugar is firm and coffee higher and ex-
cited
Cattle are in decreasing receipt at West
ern points, Omaha quoting them 5 to Zoe
lower, while there has been little better
demand for hogs Prices for them are also
of &c per cwt.
The gross earnings of 139 railroads for
1891 aggregated S551, $50, 941, an increase
over the total for 1890 OF 6.5 per cent. The
latter wear, in turn, showed gain in gross
railroad earnings over 1889 of only SO per
cent.
While the share market still displays a
strong undertone the bullish movement has
slackened, and bearish operations by protes-
sional spectators have affected prices un-
tavorablv in some instances. Rumors that
the Gould interest is dissatisfied with the
action Of the Western Traffic Association,
and that the disruption of that body is pos
sibIe. seem to lack foundation, but have had
q disquieting influence.
Money Matters on Wall Street.
Silver has declined sharply, but large
buying orders have been met at the decline.
Bonds are in active demand, and invest
-pent buying sustains prices. The New
York money market is over-supplied with
funds, and rates Tor all classes of accommo-
dation are on correspondinglv low basis.
Foreign exchange continues firm at rates
above the gold-importing point, there being
q fair inquiry with moderate supply of
commercial bills, the absence of drawings
against the purchases of securities for
foreign account being severely felt. The
week closes with a concession in exchange
rates.
Drvgoods are little more active. In
spite Of the decline in cotton, staple goods
are firm on reduced production, caused in
part by sickness among large proportion
of New England mill hands. New export
business is light, but fair shipments are
being made on old orders New prints are
selling well and the outlook is for heavy
consumption. Jobbers report an active
movement il ginghams Print cloths are
quiet but firm. Woolen goods for mems
wear are moving better. The demand for
fannels and blankets is light.
Wool, Cotton and Grain Movements.
In leading markets fine woods are not as
strong in the face of Australian competition
and owing TO slow movement of Ohio and
Michigan. The demand for carpet wool is
dull, as is the carpet industry. Prices for
these WOODS, however, are firmly held. Raw
cotton is up l-16c on the week on a better
feeling, accompanied bv renewed buying at
Liverpool and backed by decreased receipts
at the South, particularly at New Orleans.
Business failures in the United States
this week numbered $40, as compared with
339 last week, and with $50 in the second
week of 1891.
Special cables from Beerbohm, London.
indicate, with BrodSyeet'S totals of available
domestic wheat, that American, European
and ''aioat for Europe wheat stocks de-
creased 1854, 600 bushels in December,
against net gain of 100000 bushels in
December, $780, and decrease of 2, 250, 600
bushels in December, 1899 Adding Aus
tralian available stocks to the foregoing,
New Zealand estimated, and the total of
Australian, North American. European
and ''afoat for Europe wheat on January
/ amounted to about 160, 900. 900 bushels,
against l15,000,0 600 bushels one year ago,
120,0Oo,O00 bushels two years ago and 1884,
600, 900 bushels on January 1, 1889.
Exports of wheat. including flour, from
hn tod 4oto
stred'S this week, amount to 1, 1S3. 121 bush
els within a week, a decrease of about 20
per cent within week: but Indian corn ex-
ports for the week equal 1921 .434 bushels
a jump Of more than % per cent within a
week, while those of rye and of oats are
less noticeable by reason Of their proper
tions than heretofore.
December Zig Export Month.
R. G. Dun & Co.'S weekly review saws:
1t was suggested TWO weeks ago that the
exports in December were likely to be ex-
traordinarily large. The preliminary re-
ports just issued indicate that the exports
in that month were probably the largest
ever known, for while no increase appears
IN cotton and exports of provisions cattle
and oil were slightly less than wear ago. A
gam OF SO, 100000 appears in breadstuffs
making the net increase in DrinciDaI items
SlI, J40.Sj4, or nearly % per cent Indicating
tnat the aggregate exports Tor the month
Will probably exceed Sll6,OO000O, against
aDout S''o ,OJlOu last year, when the amount
was greater than it had ever been in any
MONTH Ihe exports of flour increased 90
per cent, and exports of wheat are Is 600 600 |
bushels against 500 900 last year, while ex-
ports OF cotton are S,0O00 600 pounds greater
in quantity, though no increase appears in
value owing to the low prices.
Plenty of Money All Around.
These enormous exnOrtS overSbadow all |