Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-05-21
FIRES, FAILURES AND RAILWAY NEWS


the consequences to trade in Western Mis-.
souri,, Kansas, Nebraska and Iowa. Rail
way traffic has been greatly retarded in
Nebraska and at st. Louis, but more par,
ticularly in Western Louisiana and Arkan-
gas.
Orders Are Delayed by High Water.
Merchants at trade centers to which the
flooded region is tributary, report DELAYED
orders for all varieties of staples, due to bad
road, overf1ows, washouts, or expectations
OF floods, and jobbers at those points are
shipping less to districts south, where there
is likelihood of submersion in the near
future. ...
Cattle supplies have been retarded by
high water so that prices at Omaha have ad-
vanced, while at Kansas City no such In
fiuence was felt and quotations we're shaded.
Leather has been stiffened by the shutdown
of tanneries at the East, as shoe manufact-
urers are buying more freely.
kilograms from California indicate that If
the grain crops escape hot dry winds for the
next few weeks the harvest will be large.
Lum Der is in better demand East and West
There is a growing interest in pig iron at
Western centers, and several large orders
proved. Tin has advanced in price. while
copper remains firm instead of declining, as
anticipated at this season. Wheat has ad-
vanced cents, Indian corn cents and oats
21l cents.
The improvement in the character of bust
ness failures of late is shown by only out
OF the 156 for the week being of concerns
with capital in excess of $40. 900; there were
only Is with capital between $1,000 and Sa0-
600, and l34 with S. 900 or less capital each.
Last week the total number was 1885, and
year ago it was 200
The Outlook in the Labor World.
Special kilograms to Bradstreets from all
points at which industrial disturbances have
been noticeable indicate that there are only
As 600 men on strike or locked out this week,
against a, 900 one year ago. of which $4,000
will cover the number of granite quarry
men, cutters or handlers, striking or locked
ont in New England and elsewhere, as op-
posed to rumors of rs 900 men on strike or
locked out, as published of late.
Total bank clearings this week, as wired
from 6S cities exclusively to Bradstreets
amount to 81 234, IL, 600. apparently per cent
in excess of the weeks total year ago, and
nominally about the same as last week.
Clearing House operations at the New York
Stock Exchange for four days. covering four
stocks, are calculated to reduce the total
volume of New York Citv's bank clearings
by about s27, 900 or s2s 600, which, on
previous bases of comparison would indi-
cate an increase over last week of "a per
cent, and over the week last year of nearly
IL per cent.
Exports of wheat, and -four as wheat, from
both coasts of the United States this week,
as telegraphed to Brddstreefs, equal 3,603 900
bushels, contrasted with 3,62l, 900 bushels last
week and with $500, 900 bushels in the third
total went from the port of New York. Ex-
ports of Indian corn this week were ], ,4140 coo
bushels; last week they were l,7S5O 600
bushels, and one week q year ago they
amounted to 1900 bushels.
The Timid Pulse of Wall Street.
Bearish tendencies have governed the
speculative share market the chief influence
being the damage to railroad and other
property from floods and alleged destruction
of and delay in planting crops. The passing
of the dividend on Northern Pacific pre-
ferred and sharp drop in that stock, re-
ports of a large bond issue by the Atchiso on
company and allegations of unfavorable
earnings by the Uni on Pacific system, sup
plemented by bearish manipulation by the
Gould interest, all ontributed to the
feverish and depressed condition of the gen.
eral market.
The bond market shares in the depression
Foreign exchange is dull and fractionally
lower; and gold shipments ,pp have been ar
of increased European buying.
Net earnings of ia of the more important
railway companies reported to Brudstreet's.
gained ll5 per cent in March over that
month of 1891, in which month the increase
was less than l per cent over March, 1890
Granger railroad gains were heaviest, nota-
bly, st. Paul, Burlington and Reading. For
three months l52 roads report aggregate net
earnings of S55, 1922, 900, per cent more than
in the first quarter of 1891, when the quart
er's increase over 1890 was per cent. For
three mon tbs the trunk lines show decrease
in net earnings. as contrasted with last year.
Drygoods, Imports and Exports.
Staple cotton goods are In decreased ex-
port demand. Print cloths stocks are re-
duced and prices higher. The demand for
blankets and cheviots is increasing, and
mills are well supplied with orders. Manu-
facturers are waiting for better grades of
new clip to arrive before stocking. Prices
are firm. Raw cotton is nc higher on
stronger Liverpool cables, based apnnrentIn
on fears of damage by floods to stocks held
South and to the effect of reducing cotton
acreage.
Ofhcial returns of values of imports for
nine months show practically the same
totals this year and last, with increases in
receipts of sugar, coffee and silk offsetting
decreases of imports of manufactures of
WOOL silk, fax, iron and tin plates. The in
Grease in value of exports was $ll9, ,764 900. or
II per cent due exclusively to an increase of
sl52 665, 600 in the value of breadstuffs shipped
in this, year of unprecedented movement
of grain abroad. The only other noteworthy
gains in exports were fruits and nuts and
copper manufactures, each less than 81, 000,-
600.
r. G. Dun's Report Is Optimistic.
R. G. Dun s. Co. say: The great floods at
the West, unprecedented at some points,
and long rains extending over the whole
there is nothing to warrant apprehension
that the years crop will be deficient, or that
trade for the year will fall below expecta-
tions. In all quarters confident spirit
and even at the South business
seems to be relatively less embarrassed than
of late. Money is everywhere in large
supply and light demand.
Iron is weaker in Pittsburg, but there is
fair demand for finished products, especially
for hardware, and an improving trade in
glass.
The great industries are fully as active. as
usual, at this season. Cotton, perhaps, fares
best. New wool begins to come forward and
is promptly taken with slight advances. The
iron business is distinctly more active with
large transactions in all grades, though
prices do not improve at all. There is still
some pressure to sell inferior grades of pig,
but the better brands are strong. consump-
tion gaining upon the supply. and stocks di-
No improvement is seen in bar
or plate iron, but there is more life in struct-
ural iron, and many considerable orders
have been placed.
Pittsburg Eighth in Bank Business.
The following table gives the clearing
house returns for the week ending May 10,
1892, and the percentage of increase or de-
crease as compared with the corresponding
week last year:
Inc. Dec,