The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-07-21
TRADE NOT IN THE DUMPS
DUN & CO.'S REPORTS TELL OF A
HOPEFUL FEELING


Crop Prospects the Basis Of the Copf-
dence in the Future-Stin Some I'm
certainty in Manufacturing Circles
Real Estate Bringing $1,000 Per
Front Foot at Omaha.
NEW YORK, July 20-R. G. Dun & Co. 5
report Of trade for the week says:
The crop prospects, which ere the basis
of the existing hopefulness in business, con-
tinue good. Reports from the spring
wheat regions are favorable, especially from
st Paul and Milwaukee, and the increase
in yield prom SEES TO compensate for good
part of the injury to winter wheat The
harvesting of winter wheat so far indicates
a crop fully equal to the later and better
foroshadowings of the agricultural bureau.
Kansas City, especially, reports an excel
lent yield, and he state estimate for Michi-
gan is 100000 bushels, decrease not
greater than the annual review indicates.
The corn reports from all quarters are
encouraging, and the yield of oats promises
| to be very large, though injury from rain
is reported in Texas. The same cause ope-
| rates TO balance the increase in acreage of
! cotton in that state, but the prospect in the
| Mississippi valley is still fairly satisfactory.
On the whole, the prospects favor large
agricultural yield, though important crops
are not yet beyond danger
THE MANUFACTURING OUTLOOK.
The manufacturing outlook is some little
| better, though the prevailing spirit is still
one of uncertainty and waiting. The great
| strike at Pittsburg has been practically ter
minated, and the demand for iron there is
better, without q change in price, but it is
| not yet clear whether the cost of productiOl
can be readily al justed TO the state Of the
market. The termination Of the strike
| weakrns bar iron at the east, and southern
No. ! pig is largely offered at SIT 80;
rails are unchanged, but tne official sta te-
ment shows sales by all the mills for the
first half of 1883 of 934, 9S7 tons against
1865, L55 last year. and deliveries Of 5S5, 55S
tons against 800 ,35l last year
COAL MORE ACTIVE.
The coal business is more active and the
| schedule prices are realized
The copper production for the half year
is put at 4,OS5,0O pounds, gain over last
year of 5000, 900 pounds, but the visible
supply abroad, now n, 900 tons, has in
creased 1000 tons in June Lead is weaker.
Cotton print cloths are weaker, the de-
| mand for cotton goods being irregular.
| Wool does not improve.
|
little smaller than year ago, must be con
sidered large for the season. Clearings at
| all points still show some decrease but for
last week only ~ par cent. in the aggre-
| gate, and per cent. outside of New York,
compared with u year ago, when transac-
tions were very large for the season.
GENERAL IMPROVEMENT.
General Improvement is noted at st.
Paul, in the manufactures at Pittsburg
since the strike has virtually ended, in real
| estate at Omaha, where 81 800 per front
foot is paid in cash for sites for immediate
Improvement. and in the lumber and iron
business at Detroit, though -four milling
! there is depressed. Kansas City business
men complain that discrimination in freight
may take mauy millions in trade from that
point, but are working for its correction.
The strike against the Lake Erie iron
company at Cleveland is expected to be set
| tied soon.
Business appears dull at most points,
however, congressional uncertainties affect
| ing many branches of trade, while in others
| the material reaction from exceptional &C
| tivity is felt still.
RAILROAD BUSINESS.
The TRANSPORTATION business is not in
good shape The reported earnings but
| slightly exceed those of year ago ON roads
which report the earliest ard have n con
| siderable increase of mileage Meanwhile
| operating expenses seem 10 have increased
generally moro than the earnings
Stocks were decidedly strong for some
DAYS, but with large realizing have grown
dull and weak again, though still averaging
about 81 so per share above the prices of
"A week ago.
| Nearly all branches of business are to
some extent disturbed by the transportation
troubles, and the negotiation of securities
for new roads is not rendered easy.
MONEY ABUNDANT
Money is everywhere in abundant supply
| for legitimate business, and yet tho COM
| plants of slow collections grow more fire.
quent again, especially in the regions
about Kansas City, Galveston and
| Detroit The treasury has taken in
| 81, 600 more than it has paid out
| during the week and the expectation of
1000, 900 in gold still remains unexplained,
foreign exchanges being below the shipping
point. The exports OF merchandise for two
weeks from Now York have boon 26 per
cent. below last years, which were excep-
! tionally large and tine imports still show a
slight increase. The supply of money is SO
large, however, that the failure of the
treasury to purchase any bonds of late ex-
| cites no notice.
The business failures throughout the
country during the last week number
| Ola for the ITnita1 StatoS and IA for Copodo