Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-12-31


The failures in the last year was S11, 900, be
ing the Lowest average reported since 1873
Bank CIearinss the Largest.
Settlements through clearing houses out.
side New York in December were, appar.
entity, the largest ever made in anv month,
exceeding last years by more than 10 pei
cent For the year the volume is also about
10 per cent larger than last year and the
largest ever known.
Railroad earnings in December show an
increase Of about per cent over last wear
and for the wear an increase of about g. :
per cent The foreign trade has been
smaller than last year: in volume of ex-
ports at New York s., 800, 900 in value for
the past four weeks, and at cotton ports
about SO, 200, 600 less: but imports at New
York have been S3,OOO,O0O larger, and the
month still shows great excess of exports
For the year the excess of merchan-
disc exports has been not far from S7O,-
100000, with the largest imports and the
largest total Of exports and imports ever
known in any year.
The year closes with all wooden, cotton
and silk machinery fullv employed, and un-
sold stocks of goods are lighter than usual,
while the demand for The coming season
already exceeds the capacity of many mills.
The orders in drygoods are extraordinary.
sales OF wool at the chief markets have
been 309000, 900 pounds, against DAG, OOO 600
last year, and foreign imports have been
the largest ever known, with a domestic
supply tut slightly behind the largest.
Boots, Shoes and Iron Goods.
Shipments OF boots and shoes from the
East have been s per cent larger than last
year, and nearly 3 per cent larger than in
any previous year, while the increase in ten
has hpar IN no
AT Pittsburg, iron Is slower and the de-
mand for finished product is diminishing:
but glass is fairly active. The iron situation
In Cleveland is improving but remains
weak at Philadelphia
Generally in iron the trade is weaker. the
demand for finished products being at pres
ent light; but steel rails have been reduced
TO S29 per ton, and sales of IS, 600 tons have
followed. This great industry has been
much affected by the market for the securi-
Ties, which has been depressed for some
months by foreign selling and monetary un-
cerJalnties, SO that companies have been
restricted in purchases of rails and supplies.
But for the past week stocks have been
stronger, gaining about So per share ia
average price.
Speculation IN products has been COM
parstlvely inactive, though wheat has been
advanced by Western pool nearly cents.
Cotton has been steady and strong with
diminished receipts.
Features Noted by Bradstreets.
Br0dstreet'S tomorrow will sav: The
features of the general trade situation this
week are found In continued dullness: stim-
uius TO the coal trade due TO the coal snap:
the announcement that Southern pig iron
stocks are oversold; competition bv makers
1or orders for manufactured iron and steel.
the cut OF 81 per ton by the steel rail COM
nation; lower prices for soft steel at St,
us, for rice at New Orleans leather at
uon, and corn and oats, with small ad-
ces on wheat, hogs aid silk goods, and
ly quotations for wool, COTTON, sugar
attle.
unexpected decrease of 1851. 600 |
Is Of available wheat east of Rocky |
tainS stimulated prices and trade |
SIN simultaneously, because it was
ected. anc. to some people, inexpli- |
The missing wheat had been shipped |
7rthwestem elevators and no doubt |
part reappear again. Snow storms
istmas celebrating caused part of
rrentlY heavy decline but il Is l
le for the regular weekly de-
available wheat stocks to show
Exports of wheat from both
week (1our included) equal
1shels; 100000 bushels one
1000 bushels in the week two
md 1,S98,0OO bushels three
alton Wall Street
e week has been distin-
its dullness and the ab-
leral features The ap-
with Its changes and
restraining influence
which was reinforced
OF the recent squeeze in
On the other hand, the
ties seemed to dimin-
hension in regard to
which overhangs the
engagement on Fri
export failed to
IMPRESSION, it being
action was the out
exchange and not
llch govern that |
v, in fact, be as
lack inquiry for
Understood that
ave increased |
prehensive in |
high level of
rold exports
market was |
siderations,
r lfiuence of
)m the in
... sa a'- Race.
gives Clearing
rsa ng De-
c .. Dec.
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