Savannah morning news. [volume] (Savannah) 1868-1887, 1886-07-27
TRADE PROSPECTS.
The Outlook Not as Favorable in
Three Years as al Present.


PHILADELPHIA, July 26.-The Indus
trial ard commercial outlook pas not been
as favorable for three Years as il is this
week. The encouraging features are
briefly these The iron trade is in healthy
condition; demand IS equal to supply; in
some cases in excess. The rail makers
have increased their allotment to l 400 600
tons for the year, and report that demand
VIII be tar in excess Of this supply.
Nearly all the railroad companies
throughout the country are extending
their lines, making repairs, putting in
SIDE tracks. and otherwise extending their
mileage. This wonderful activity is eX-
eItinE an excellent effect upon the out
side industries. The wrought iron pipe
and tube makers will shortly advance
prices again. Bar iron il firm; sheet and
plate are active. Pie 100, 600 tons weekly
production OF pig iron is all taken up at
strong prices.
THE CROP REPORTS.
The very latest crop reports from the
Northwest are all OF an encouraging char
acter, and to all appearances the export
demand VIII be quite heavy, sufficiently
to MAINTAIN high home prices. The cotton
crop Will he exceptionally large and com
maud better prices than last year. The
home consumption Of cotton is increasing
and the demand for all kinds OF cotton
goods IS very heavy at thi9 time in all
Eastern textile markets. The mills are
well supplied with orders not only for cot
ton goods, but also for wOOens, WOrsteds
and silks. Besides this, the carpet manu-
facturers are overcrowded with orders,
and all of their recently increased capac-
ity is now busy, and new mills are under
way.
The last few days has developed consid
cradle interest In the lumber trade. The
receipts have been light IN the Northwest,
but from the South the supply continues
heavy. and yardmen, contractors and
dealers are ordering quite freely against
the possibility of higher prices. Large
sales Of white pine have been made for
August ana September delivery. Hem
lock is $40 so; yellow pine ST 10 so.
WOOL ADVANCING.
Wool mas advanced from one to two
cents per pound within ten days, and the
weekly sales in the three great wool mar
kets foot up 100000 pounds. Telegraphic
adyices within IS hours indicate an H.
creasing demand from manufacturers,
who begin to apprehend scarcity.
Large orders have been gwen out within
ten days for rolling stock OF all Kinds and
locomotive builders are now negotiating
for large orders for engines TO be com
pleted during the coming tour months.
THE COAL OUTPUT.
The anthracite coal production for Au-
gust Will be nominally 100000 tons, but
really more. Prices are declining, and
the combination is feeling the effects OF
internal discussions. 1t Is probable, how
ever, that demand will prevent a break.
BituminOus production is heavier than
since the opening Of the year, and all
mines are busy east OF the mountains.
Considerable idleness prevails in mines
in the " estern States.
Builders in the New England and Mid
die States are crowded with work, and
from u careful summary of permits taken
out in all the larger cities, it Is evident
that, with one or two exceptions, build
ing activity is greater than at any time
in our history.