Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-07-16
THE BUSINESS WORLD.
Reports by Bradstreet's and Dun
Show No Increase in Trade.
BOOTS AND SHOES ARE IMPROVED.
The Strikes Are Stimulating the Demand
for Iron Products.
FIRES, FAILURES AND RAILWAY NEWS
ESPECIAL TELEGRAM TO THE DISPATCH. !

NEW YORK, July 15.-Special telegram.
TO BradStreet'S from some of the more i'm
portant business centers do not indicate any
marked increase in the volume of genera
trade. Noticeable exceptions are increased
demands on and shipments BY boot and shot
dealers East and West, a consequent i'm
provement in the request for leather
heavier grades of which are advancing, an6
more strength in hides
There is, also, little improvement in in.
quiry for nails and bar iron at Chicago and
other Western points Live cattle and
hogs at Omaha and Kansas City are firm
and higher. On the Pacific Coast, West
and Northwest the wheat crop outlook is
excellent In Louisiana the rivers are fall
ing, and, except for cotton, the crop pros
poets ere excellent.
At Pittsburg and neighboring points the
volume of trade has been checked by labor
disturbances; but at Kansas City, st. Louis
Chicago. Baltimore, Philadelphia and New
York fair volumes of business are reported.
The total number of industrial employees on
strike or locked out by the close of this
week has increased to about 10000, a portion
of the increase being due to sympathy with
the locked-out men at Homestead.
Some Other Strikes Accounted For.
Changes in the number of hours of labor
weekly in Massachusetts and New Jersey
have caused some trouble. Fall River print
workers have had their wages advanced.
Railroad gross earnings aggregated $685..
140,0 in June per cent more than in that
month a year ago. The gain in May this
year over last was less than 8 per cent, and
in April less tEan per cent so that the past
month Is seen 70 have brought distinct i'm
provement, due for tho larger part to
Granger and Eastern railways. For six
mon tbs total gross earnings were S259, 500. 600,
also abcut s per cent more than in the first
half of 1891, during which period the in.
cresse over the six months OF 1890 was less
than per cent.
pfler reports decreased production in
June of 900 tons weekly, about equal to the
reduction during May. Finished iron,
prompt delivery. is stronger. particularly
West. Many Western mills have COM
promised their differences with the Amalga-
mated Association and signed the scale
Anthracite coal averages over 81 higher on
the year, with the heaviest output on record.
and strangely quiet demand at this season.
Petroleum remains duh and low
Bank clearings at cities throughout the
United 6o states tat 1 were an aggregate this week
OF 81, 13S 600 900, total about equal to that of
last week, but nearly per cent more than
in the like week of last year.
Failures and Financial Items.
Business failures in the United States
number l66 for the week. Last week the
total was l52, and year ago it was 262.
The speculative share market is so dull
and lifeless that the defeat of the Stewart
silver bill fell fat as a bullish factor, WHILE
on the other hand, the threatened disrup-
tion of the Western Traffic Association and
the withdrawal of Burlington depressed
prices only in a moderate way. cut in
n gives a Sliohflv hpQlicl
TO the proceedings.
The New York money market shows re-
newed ease, though exchange is higher and
gold shipments aggregating Sl,000,0OO have
been made.
Exports of wheat from United States sea-
ports, both coasts, this week, including flour
in equivalent to bushels OF wheat, equal
2,5SS, 600 bushels an increase OF 20 per cent as
compared with the week before, but only 10
per cent in excess of the aggregate sent
abroad in the like week of 1891 Our Austria
lian advices are that New Zealand and Aus
tralia will produce as much wheat this year
-Ss--s&St, Niti4~an expert surplus of 12,0OU, 600
bushels, about equal to that in lS9l
Print cloth, blanket, and carpet mills are
pushed with orders. The first named are
turning out popular and rapidly-seiling fall
patterns at the recent advance in prices.
Manufacturers are buying wool more freely,
with prices favoring holders. About Is, 600
bales have been purchased at London for
importation into the United States. Good
grades now tend higher. Supplies gener-
dllA dIG premium
H. G. Dunn & Co.'S weekly review says
crop reports promise results not equal to'ast
wears, which would be disastrous, but be-
yond expectations. With the decrease of
oily per cent, the wheat yield would be
far beyond the quantity consumed and ex-
ported in any yea" except the last, and
nearly equal to last years consumption and
exports.
Pig iron has been weak at the recent re-
duction in price. The closing of many mills
has greatly increased the immediate de-
mand for finished products, and prices are
stronger. though contracts for future de-
livery are at old prices, and for beams the
lowest ever quoted.
Pittsburg Seventh in the Bank Race.
The following table. compiled by Brad
streets, gives the bank clearings for the
week ended July IA, with the percentage of
increase or decrease as compared with the
corresponding week last year: