Savannah morning news. [volume] (Savannah) 1868-1887, 1886-07-06
TRADES PULSE.
The Outlook One Full of Hopeful
ness for all Branches.

PRILADELPHIA, July 5.-The charac-
| teristic feature ofthe industrial situation
throughout the United States is the re-
striction of supplies to actual or probable
market demands. Heretofore market de-
mands have been too largely lost sight of,
but at this time they are carefully stud
led. Stocks are moderate everywhere,
and hence prices are firm, even where
margins over cost are very narrow.
THE WESTERN IRON TRADE,
The difficulties in the Western iron
trade have been adjusted and already
there are evidences of swelling demand,
which is not, however, likely to assume
proportions that will cause any enhance
ment OF values. The Philadelphia mill
strike affects only l,500 men. Fhe mills
in the interior will continue. Nails are
81. Rails, $34 to $35. Forge iron, SIC.
Foundry, SIS 10 $40.
THE WOOL MOVEMENT.
The strong upward movement in wool
on both sides OF the Atlantic continues,
and manufacturers here and throughout
New England feel justified in making eX-
tensiye purchases for future requirements.
Nearly all labor disputes have been ad-
justed, and mills aud factories Will run
full time after July II, The wool sales
last week were the largest for the year.
TRADE CONDITIONS.
Trade conditions generally are excel
lent. A large volume of business that
would have been done during the second
quarter of the year will be done this quar-
ter.
The revival in building activity through
out the country is general and permanent,
and all kinds of building material are
bringing good prices. The estimated In
in la9f 10
moderately estimated at 10 Der cent, while
the commercial failures have decreased 20
per cent. in number and 80 per cent. in
amount OF liabilities.
GOOD DEMAND.
The demand for carpets. clothing,
hosiery, blankets, silk and upholstery
goods, will be such as TO engage all the
old and new pF0Auctlve capacity, and
VIII very probably stimulate further ex-
pansi0n of capacity in Pennsylvania,
New Jersey, New York, New England,
and at some few points in the cotton pro
ducing states.
The movement in lumber has been lib
eral and at steady prices. White and
yellow pine, spruce, hemlOck and poplar
has been freely bought for piling, as well
as for urgent building demands. The
yellow pine supply is Increasing faster
tn8n any other, ana that wood commands
spring prices. The hard woods are all
firm and rather scarce.
THE COAL TRADE.
The coal trade presents nothing new.
Anthracite production is guarded. Prices
are weak. Cutting is gong on. Labor
is quiet, but disposed to make trouble.
Production is ], ,70O, 600 tons ahead OF last
year. The Eastern bituminOus trade IS
heavy. Throughout the Western States
mines are running irregularly, and labor
disturbances are possible over the n0n-
observance of recent wage stipulations.
The full consumption will Increase stead
lily, though prices will remain about
where they are.
RAILROAD BUILDING.
Railroad building, especially west of
the Mississippi, will be vigorously prose-
cuted. Rail mills have but little room
orders for this years delivery. Present
mill quotations are $3i to $50. The in
creasing traffic aud earnings on some
twelve SYSTEMS of railways, aggregating
2S,000 miles OF road, are Strengthening
confidence and leading TO more liberal eX-
penditures by railroads tor material, new
branch lines, etc. English investments
are increasing IN certain safe properties.
CHOPS AND PROVISIONS.
The latest crop and provision market
reports lean to declining prices, but cOun-
teracting influences VIII very soon de-
YelOp themselves, arising out of the gen.
eral expansion of consumptive demand
which producing interests are fully pre-
pared to meet, with price sustaining eau
tiOn.
The financial situation is the strongest
factor and affords the strongest assurance
OF continued trade vitality. The supply
of money ls equal TO all demands, but not
large enough to induce speculative move
ments, even were the producing capacity
not so abundantly qualified to protect the
consuming interests at every point.