Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-02-27
Than in the East Is General Trade
According to Bradstreet'S.
THE WORST SHOWING is IN IRON.
Pittsburg Leaps Ahead Two Points in the
Clearing House Race.
DUNS REPORT FROM LEADING CITIES
ESPECIAL. TELEGRAM TO THE DISPATCH.


chants. as indicated in special kilograms to
Bra2Strea's from Kansas City, st. Louis,
Omaha St Paul, Minneapolis and Chicago
and elsewhere in the region tributary to
those cities This influence is felt as far
East as Cincinnati, where manufacturers are
more active and there is better demand
for iron and wool. drygoods, clothing,
notions and boots and shoes
Bad roads are checking shipments of
goods, the receipt of orders and making of
collections in Western Iowa, Eastern Ne
braska and Northeastern Minnesota. Trade
is only fair at Duluth, where speculation in
iron properties appears to absorb undue at
tention. At Western live stock centers
there is better demand for cattle, which
are 10 cents higher, but hogs are in increased
receipt ard cents per cwt. lower.
Business in Eastern Cities.
General business remains about. as pre-
viously reported. Cotton manufacturers re-
port a better demand, and Philadelphia
wooden manufacturers note some gain.
Hardware shoes and clothing are moving
fairly satisfactorily, but collections, as a
rule, do not equal anticipations, although it
is doubtful whether the West, as a whole,
has ever enjoyed a prolonged period of as
low rates for money as have prevailed here.
The demand for raw or manufactured iron
has not gained any. and production of the
former, so far as learned, continues st the
full. The sale of No > Y Allentown pig
iron for S14 80 at Perth Ambov, actually
took place. Philadelphia and other denials
TO the contrary notwithstanding. The de-
l. -. l,,t
change in prices has occurred.
Tobacco and petroleum remain without
feature as to price or demand. A slight
gain is noted in the demand for leather and
lumber
Failures and Bank Clea arings.
Business failures in the United States
this week, as wired to BrdGStrests, aggregate
227. against 26O last week and 21S in the
week wear ago. The total from January
! to date is less than in like share of either
of the four proceeding years. OF the weeks
total, s. per cent employed IS, 900 capital or
less and 8 per cent capital each of between
81, 1000 and $4,000 There were onlv seven
failures where the capital employed was
between $4,000 and $50, 600: only four
where it was between $50, 600 and 500, ,000
and only one with a capital equal to or in
excess of 500, 600
Nearly LOO banks at IS cities in the
United States report total ciearings this
week by wire, exclusively to BrqdStreet'S
amounting 10 81 079, 900, ,000-a decrease of
% per cent on the week and of 80 per cent
as compared with the like week a wear agu
Wool has sold more freely at the East,
bat as a result of lower prices. Good orders
Tor cotton goods have been received at Bos-
Ton from the West. There is no accumula-
tion of print cloths. Wcolens and worsteds
are in only fair demand, but carpets are
firm at the advance liaw Gotten has
dropped another 1-16c on continued large
movement from plantations.
Southern Trade and Foreign Exchange.
General trade at the South is being con-
Quoted or a very conservative basis. Orders
IRE not received freely, and jobbers are
cautious in the matter of pushing sales.
The fear of gold shipments has checked
activity in th share market The dullneSs
OF speculation has, however not been ac-
companied by decided weakness. prices be-
ing supported to some extent by renewed
foreign buying, and later on by the favor
able sentiment aroused by rumors of an in
terGational silver conference. The fact
that local sentiment in Pennsylvania shows
q tendency to favor the leases of older
roads to the Reading is accepted as an indi
cation that the proposed investigation by
the States law officers may not result in
actual interference with the combination.
Foreign exchange declined slightly, at
first on decreased inquiry, but was stronger
at the close of the week, it being understood
that Germany was offering a premium for
gold with view to inducing shipments
The New Gold Export Movement.
On Thursday and Friday the engagement
of 81, 25O, ,000 gold FOR export was ann nnounced,
the total outward movement to date aggre-
eating 10000 900. Banking authorities are
divided in opinion as TO the continuance of
the drain, which seems to depend entirely
on the premium which continental coun-
tries are willing to pay for it, The money
market has not, as yet, been affected by the
movement, and though lenders exhibit
more conservative disposition in regard to
long time engagements at the current low
rates, the absence of any large demand for
funds prevents the market from displaying
a stronger tone.
Exports of wheat, including -four. from
13 ports. both coasts OF the United States
this week, equal $780,, 900 bushels, a de-
crease from the total a week ago. The
average exports weekly since January
have amounted to about 10000 bushels,
rather less than had been anticipated by
those who took the more bullish view Of the
breadstuffS situation
Exports Of Indian corn continue excep-
tionally heavy, 3, ,377, ,973 bushels this week,
against 3, 243, 260 bushels week ago, Baltl-
more and Philadelphia each shipping more
than l, 100000 bushels
Dun's Review OF Eastern Trade.
r. G. Dun & Co.'S weekly review of trade
says:
The state of domestic trade has not ma
teTiallV changed though the con tipuin1 dnll
ness Is, perhaps, more generally felt. Boston
notes trade of satisfactory Volume with
considerable activity and large Western or
derS IN drygOOds. At Hartford quiet trade
in most lines is reported. AT PHILADELPHIA
money is easy, iron I!uch depressed by
Southern sales. hardware Gull in the CITY,
the wool market quiet, but drvgoods more
active, with sales ahead of last wear and
satisfactory orders from the West. Baltj-
more notes good business in drygoods. but
slow collections.
At Cincinnati the shoe manufacture is do
ing well, cigar factories are busy and the
demand for machinery brisk. Trade is bet
ter at Cleveland in all lines except shoes
but iron is still inactive.
at Chicago merchandise sales show an in |
crease over last year, and collections are |
easier. Receipts of dressed beef are three
times and of wheat double last years and
liberal increase appears in otner breadstuffs.
but a slight decrease i'll animals and their
products. Milwaukee reports business only
lair and collections SLOW, owing to bad |
weather.
At St Louis the same cause makes coun-
try trade almost impossible, but the outlook
Tor spring trade is, nevertheless, considered |
more Ell coul3glng than week ago. Build |
ing operations promise to be very large, and |
the demand for ma terials is already active.
Atthe Farther Hes: and South.
Minneapolis reports good business, with
an output of 172, 900 barrels of -four against |
ll2 900 the same week last year. At Omaha |
trade is quiet owing to bad weather. At |