Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-11-12
BUSINESS MEN EASY.
Only One Day After the Big Landslide
Is Over Is Necessary to
QUIET WALL STREETS NERVES.
The Iron Industry Continues te Be in
satisfactory Shape.
CROPS ARE SMALLER THAN EXPECTED

NEW YORK, Nov. 11.-R G. Dun &
Co.'S weekly review of trade SAYS: The
Presidential election has interrupted busi-
ness to some extent in all parts of the coun-
try during the past week, but by no means
as much az usual, and at nearly all points
the volume of trade has been fairly main
tanned and the unprecedented activity OF
the industries has only been interrupted by
the election holiday. The money markets
have not been disturbed, though working
somewhat closer at several important points
and foreign necessities and the scarcity OF
commercial bills have caused some decline
in foreign exchange.
Trade at Boston has been fairly active
with wool mills fully employed and the
consumption large
The output of pig iron November was
,0S2 tons weekly, an increase of 1905
tons during October Deliveries of rails
for the year are small, probably not over
1.250, 600 tons Bars are more active, owing
to car building, but plates are quiet and
new orders for structural work are scarce.
How Pittsburg Iron Men Are Faring.
At Pittsburg the production of iron is in
creased, but the demand and the general
tone is slightly better than before, with
large orders for wrought pig. Glass, espe-
cially plate, is in large demand. Trade at
Cleveland is good, the trade for manufac-
tured iron exceeding the capacity of mills.
Copper is in moderate demand at 11Ac,
tin hardening at 205sc, and lead weak at
89c 1t has been the dullest October ever
known for anthracite coal, and the Reading
finds Its terminals crowded though work
ing only three days in the week. The
bituminous trade has been active and in
creasing
The Government crop report indicates
smaller Yields than were expected of wheat
onlv 500, 900, 900 bushels; of corn, only
1900, 600, 600 bushels, and decidedly small
yield of cotton. Wheat is stronger than
week ago, with no great change in corn and
oats, but moderate trading in either
Cotton has risen over half cent, with sales
of ASS, 900 bales on Thursday alone, exceed
ing by 60, 600 bales the largest previous
record for any day.
Business in drygoods has been dull. Wool
was very active. Many shoe factories viii
require their full capacity till Christmas to
fill their orders.
In spite of storms, the movement of live
stock at Chicago is larger than q year
ago.
The State of Affairs on Wall Street.
Business failures during the past seven
days number 210; for the corresponding
week of last year, DOL
BrGdstreet's weekly review of the stock
market SAYS: Although a little covering of
short contracts on Saturday and Monday
gave a rather strong tone to prices, there
was no market worthy the name just before
the election. The speculative week really
began Wednesday, when the Stock EX-
change resumed its sessions and the public
was completely informed as to the outcome
at the polls. The first effects upon values
were indicative of surprise, mingled to some
extent with apprehensions that the coming
change in the national administration in
volved immediate and radical alterations of
fiscal and economic policy.
While considerable bearish pressure was
brought to bear on Wednesdays market,
the remainder of the week has witnessed a
return to normal speculative feeling with
temperance of the bullish tendencies that |
have been the chief feature for some time |
back
Europe Not Interested just Now.
The market is not a wide one, and is
plainly subjected to the same professional
manipulative influences which have played
such a conspicuous part of late. Europe
has taken little part, and the action of the
money market continues to be an obstacle
to the development OF any general bullish
movements.
In this connection the unexpected and
sustained advance of foreign exchange at
tracts attention and creates good deal of
conservative sentiment. Sterling exchange
is still below the gold importing point, the
high rates for money here being q tangible
bar to any operations of that kind. Never
theless, the action of exchange, in the face
of a more secure feeling in the London
money market, is disappointment, and in
dicates that foreign capital has not as yet
regained its interest in this market
Pittsburg Ninth in Clearings.
The following table compiled by Brad
streets gives the Clearing House returns for
the week ending November 10, and the per.
centage of increase or decrease as compared
with the corresponding week last year: