Savannah morning news. [volume] (Savannah) 1868-1887, 1886-07-14
WHEELS OF PROSPERITY.
The Coal Pool in a Muddle-WoOl
High in Price-Other Interests.

The Coal POOL In a MuOuie-N OOI
High in PriCe-OUher Interests.
PHILADELPHIA, July 12.-The anthra-
cite coal trade IS once more jeopardiZed
by internal dissensions. Two companies
are struggling for the control of the trade,
and are invading the markets of others.
Prices are being cut, but even under this
severe competition, large consumers,
East and West, decline to make heavy
purchases and are waiting to see col
lapse OF this gigantic combination which
has controlled prices for fifteen years or
more. The heavy production of bitumi-
nous coal is increasing in the East, and
producers expect a heavier consumption
OF soft coal this year than ever before.
THE IRON TRADE QUIET.
The iron trade at this time is extremely
quiet. A partial resumption takes place
this week and a general resumption next.
The wrought iron pipe and tube manu-
facturers all over the country have more
orders than thew can execute in the next
ninety days. The steel rail makers are
| full OF business for four months. Eastern
| nail makers are receiving increasing or
| ders tor building requirements. The pig
iron makers report moderate demand
| everywhere, but firm prices, and the sheet
! and plate iron makers are waiting for the
promised supply of orders during the lat
| ter part OF July.
LUMBER INTERESTS.
| The lumber interests in the Northwest
and Northeast are preparing for heavy
| shipments OF lumber, TO fill orders coming
| in from builders OF houses, shops and of
railroads. The supply OF spruce is heavy.
| The shipments OF white pine are in
creasing. The supply of yellow pine is
up to the fullest market requirements;
while hardware is rather scarce, because
of the heavy demand for it.
TEXTILE MANUFACTURES.
The latest advices from the New Eng
| land textile manufacturers and from lead
| ing manufacturers in Philadelphia are to
| the effect that the fall trade will open at
an early day, and that the distribution Of
/ all kinds of textile products will be at
| least 20 per cent. in excess of last falPs
! distribution. The clothing manufactur-
ers are crowding their capacity, turning
| out in general better quality of goods
for the same money. The hosiery manu-
facturerB are running over now full time
and turning out larger supply of fine
hosiery than ever before. Tue silk manu-
facturers are successfully meeting foreign
competition on several lines OF goods, aud
predict that they Will in five years control
| the American silk market-a prediction
! which some will doubt.
TRADE PROSPECTS.
The general trade and industrial pros
| poets for the next six months are enc0ur-
| aging TO manufacturers, money lenders,
| real estate operators, builders, and manu-
facturers and business men of all kinds.
The strongest feature in tho situation to-
day Is the increasing supply of money at
| low rates Of interest. IL il predicted that
! commercial failures will decline in mum
Der and amount, and that an increasing
| amount of business will be done on
practically cash basis. Manufacturers
| throughout the New England and Middle
States are greatly encouraged and are
preparing to produce TO nearly full mill
| capacity, confident that the fall demand
| will open about Aug. or Is, which will
absorb all they will produce.
WOOL HIGH.
Wool is high in prices and selling freely
| in all Eastern markets. Western supplies
are coming rapidly forward. Manufac-
| turers are unwilling to delay the placing
| of heavy Contracts lest further advance
| takes place. The carpet factories through
| out the country are pretty well loaded up
with orders, and the cloth mills will work
full time from Aug. ID.
A large amount OF money is seeking en-
ployment in Western financial and bust
ness centres. where good rates Of interest
are being offered, which is the secret
cause for the stimulus given TO industrial
activity throughout the West.
BUILDING OPERATIONS.
The value of building which has been
undertaken or completed this year, so far /,
in all large cities, is in excess of last
years operations. In New York it is 90
per cent; in Philadelphia Is per cent,
while in u multitude of smaller cities.
ranging in population from 10000 TO 100,-
coo, there IS general activity which Is
stimulating the depending manufacturing
! in general