The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-07-07
jPRICE SO A YEAR,
l bCENTS A COPY.
FULL OF CHEER.
EVERY CHANGE IS IN THE LINE OF
IMPROVEMENT.

Crop Prospects Constantly Growing
Better-Money superabundant and
No Apprehension of Disturbance
Rate Cutting and Labor Strikes Not
Having Any Injurious Effects.
New York, July 6.--R. @. Dun g. Co.'S
review Of trade for the week says:
The commercial situation changes little,
but only for the better. Crop prospects
grow mora favorable with every week OF
satisfactory weather, and the hopeful feeling
thus produced throughout the west and
south Is felt Immediately in some increase
of trade. Financial apprehensions are no
where of weight at present. Money is
superabundant and the belief prevails that
the treasury will prevent pressure or dis
turbance. Such is the spirit almost every
where controlling and business depends so
largely upon sentiment that hopeful expec-
tations count for more than the present
dullness.
INACTIVITY INTENSIFIED.
All over the country the inactivity usual
at this season appears to be intensified by
special causes, by doubts regarding the
tariff, by wars Of rates, by labor dis
turbanoes or by crop uncertainties. yet
there is everywhere confidence that better
business is near at hand, and everywhere
people are preparing for a season of unusual
activity. The business of transportation is
much demoralized by the cutting of rates,
and the growing irritation threatens To
bring a more serious reduction before long,
and yet there is prevailing faith thai all the
quarrels will be adjusted somehow when
traffic becomes large, though no one can
see quite how.
STOCK NOT AFFECTED.
The spreading Generalization of rates af-
fects the stock market scarcely at all, the
average Of prices having actually risen
during the past week about one-half of
per cent, notwithstanding stagnation al
most unprecedented. Better crop
prospects account for much of
the prevailing confidence Even
in the winter wheat regions, where the
damage was greatest, the yield appears to
be greater than was expected, while
| the outlook for spring wheat i'm
proves with every week of good
weather. So of corn, which promises
| large yield in spite of the bad beginning
in some sections. The violent and extensive
storms, of which the telegraph gives adj
vices, have doubtless done some harm, but
prior 10 Thursday the weather had been
generally most favorable.
BUSINESS IN THE INTERIOR.
At nearly all interior points business is
| reported quiet or dull. though excellent
| prospects for farmers are noted as justify
ing confident feeling. The present mac
| tiyity, the supply of money ample at
| almost every point, and complaints of
slow collections are less numerous this
week The great strike of the iron workers
has little effect as yet, the belief being
general that it will not last long, yet the
success of one large establishment in
resuming work with non-union
men and the consent of others
| to the terms demanded by the asso-
citation seem TO render speedy settlement
| less probable. Excepting the ffrmer tone
of bar iron the market has not been per-
ceptibly affected, and reported sales of
western rails at prices equivalent to $27 rs
at eastern mills indicate no material increase
in demand.
| Dry goods are dull. as is usual after July
| |, and little new business appears.
TARIFF UNCERTAINTIES.
While nearly all the great branches of
| manufacture are affected by uncertainties
as to the tariff the impression grows in
business circles that nothing will lie done
at Washington this year, and that the
business kept back by uncertainty will
swell the volume Of trade after congress
| adjourns.
Speculative prices are stronger for bread
stufRs, wheat having advanced during the
week % Genus, corn Z2a centS, ana oats
| half a cent Cotton is also shade stronger
with butter, cheese and potatoes: and oil
| has risen ~ cents. The general average
of prices had fallen ~ per cent. from Jan.
l TO July /, but has slightly recovered this
| week
The foreign trade improves a little, the
exports from New York for June being only
6 per cent. below last years.
The business failures occurring through
out the country during last week number
for the United States 1872, and for Canada
q q total of 2l4 AGAINST 2O1 last week