Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-01-30
eStern Rush for Spring Dry
goods the One Bright Spot in
lHEPASTWEEK'S STATE OF TRADE.
Otherwise Reviews of Hradstreefs and Dun
Are Disappointing.
MORE BUSINESS, BUF LESS PROFITS
rsrrC1AL TELEGRAM TO THE p1spArcH. !

is added that preparations are making to
distribute larger stocks of hardware, boots
and shoes and groceries at the West than In
1891, and Chicago, St. Paul, Minneapolis,
Milwaukee, Omaha, ST. Louis, Memphis,
S.. Joseph and Kansas City announce vary
ing features looking to such a movement.
Business failures in the Unrted States
this week rumber 249, against ADS last
week, and for January to date, 1857, which
is less than IN like portions of four pre-
ceding years.
Bank clearanees at 60 cities for six bust
ness DAYS ended January %, as wired to
Bradstreet'x, s, aggregate 81, ,2OS SO, 600, or 6.S
per cent less than in the preceding week.
San Francisco, New Orleans and Buffalo
are the larger cities showing decreases.
Drvroods the Only Strong Feature.
Boston reports better feeling, which an
improved demand for drygoods must ac-
count for as copper is lower and wool is
dull Philadelphia's favorable report Is
confined to an improved outlook for dry
goods. though some wooden machinery is
now running full time. New York dry
goods iobbers report less favorably thus far
as to spring demand. In other staple lines
at these three cities trade continues to show
an unexpected prolonged slugglshness, and
the conclusion is forced despite various
optimistic outgivinSs, that general trade
tor Japuarv is a disappointment, and that
the anticipated revival in demand due TO
the prosperity of grain farmers, railroads |
and other lines in 1891 has not arrived thus |
far in 1892.
On the Pacific coast business is very |
Quiet. Leading southern cities, Galveston, !
New Orleans ana Savannah, announce no |
general improvements in business and an in |
disposition on the part of the cotton factors |
TO loan money TO planters freely till more |
is known concerning the situation as to
cotton.
The Chilean settlement has resulted in |
the reassertion of bullish influences in the |
stock market. the covering of short con-
tracts bv the professional traders. combined |
with efforts of some of the large interests
which are acting on the bull side, resulting |
In a sharp advance of prices.
Only Southern Stocks Are Weak.
The Improvement has been general,
though Southern stocks, it is noted, are the
object of some bearish sentiment based on
the unfavorabie view taken of conditions in
that section.
Money at New York is in plethoric sup
ply, and investing corporations show an in
creasing disposition TO place their surplus
funds in the security market. Silver has
declined on excessive supply and limited
demand. the quotations touched this week
being only a fraction above the lowest on
record. The exchange market continues
firm on an Unexpectedly large demand,
though rates at tine close OF the week show
3 disposition to decline.
Movement of Corn.
Exports of Indian corn within six preced-
ng davs. as reported, have aggregated more
bushels than wheat, and -four as wheat sent
abroad from coasts during the same period,
Dr. 3, S35, 600 bushels. OF this one-half has
been reported as having been sent from
Last week the total guam
-itv Of corn exported was 9, $50 0G0 bushels,
md in the week before 2,;55f,6oa bushels.
Ezpofss of~heot, including -four as wheat,
both coasts, as reported TO BrGdareot'S, |
mount TO S,5j7, 600 bushels this week.
.ast week the total was 4, ,522, 600, and the
7eek before it was about 4, 300, 900 bushels.
All Sorts of Merchandise.
Leather and hides are little stronger.
pig iron and steel rails are as quiet as for ,
'eeks past. Anthracite coal is marked up ,
sc per ton in the face of being quite dull.
'etroleum is barely steady. Live cattle are
DC higher at Western markets, and an
versupply Of hogs depresses prices there
Or about &c per cwt. /
The price Of wheat has 1uctuated with
-ar talk, and the strength of the demand
Dr. export, is gaining &c on the week.
otton is Bloc lower on larger movement
han last week and better foreign advices.
hio and Pennsylvania woods are moving
owlv at slight declines American and u
IL !
lies, which opened Tuesday, are expected a
, be heavier than last year. which points t
firm prices. q
The improvement in the demand for Il
-ygoOds is due, in some instances, to the I
lange in the weather The West has been !
large buyer at Boston. Orders for prints t
I'd ginghams are said to be in excess of the. t
lpply. Print cloths are verv firm, orders r
make large contracts at present prices I
iving been declined. b
r.. G. Dun Reports Disappointment,
R. G. Dun & Co. s weekly review of trade
vs.:
II is undeniable that there exists d con-
1e1able feeling OF disappointment More h
lslness but at lower prices seems tyD be the u
lie. That the volume of trade is gradually
creasing, even in branches whith have
en- dull and there seems to be NO doubt: i
i in an unusual number of cases Increased
les appear to be the result of s,ome yield A
2 IN prices, so that the average decline in
ices OF all commodities duriPg the past
,eR has been more than half OF per cent.
There Is more business done III iron, but F
crease in tue weekly output since the un- .
ecedented report of Dec fember l, has ii
akened the price. Bar lyon is dull at | n
iladelphia and weak at C9icago, and the n
9 PhSs Tns soma @s nE sarge
:opper pc IS lower at los9 with moderate cl
ports and a great output. Tin is &c lower +,
I9,6c, but lead Is stronger at 4.2c Coal is a a
settled. a
Reports From th 4 Big Centers. Il
.eports from other CITIES generally indi. 10 10
e a gradual incre5se in the volume of :,
de. At Boston the Ie is not much change, "
trade is rather disappointing, but there
more orders for Boots and shoes, and the
bing trade in dlIygoods is GOOD, with
ye Western orders At Hartford the dry Il
IDS trade improved some, while hardware
groceries ar quiet. At Philadelphia
n is quiet and coal demoralized but dry 4,
ds are more active, ana the grocery :.
de Is larger han last year. At Baltimore ST
jobbing trs de is quiet, but mdnutactur- su
is brisk.
ittsburg r. aports finished iron weaker re
many is mt glass works closed py dull ne
lie. At c. eveland trade is on the whole
al to last years, with large sales of iron or
and rot led products in good demand hi
firm, and collections improving. At e.
cinnau the carriage trade finds better ie
spects}, and at Detroit better business is su
ed wit II good roads.
t Chi' car . trade in general merchandise
lual to last years, and receipts have in
lsed in most products, but doubled in
at, flour and corn. Collections are salts al
OF Y, money plenty and prospects bright. :
ST. Louis the retail trade ie strong, whole co
e at an average, and grain receipts large. tn
Milwaukee trade prospects are good, but =,
re is very little speculation. At st. Paul Gu "