The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-08-04
BUSINESS BETTER.
The Volume of Trade Fully Equal to
That of Last Year.

NEW York, Aug. 3.--R. G. Dun & Cos.
review Of trade for the week says: Business
is little better and in the aggregate the
volume is now fully equal to that of last
year at this date, although small in some
important branches. The iron and wooden
trades have materially decreased, but bust
ness in groceries, lumber and farm pro
ducts generally Is large and confidence in
Improvement at no distant day grows
stronger. This confidence has a substantial
basis in the crop prospects, which grow
more satisfactory each week, and in
belief that the changes Ct the tariff
affecting important industries will by con
gressional disagreement be referred to the
vote of the people. At some points lateness
of season retards the revival of activity and
at many the recent prevailing dizziness is
still unbrokeu, but the general result is
perceptble increase of activity. At Pitts
burg and Nashville larger transactions and
better prices in iron have been noticed with
| Improvement also in charcoal and iron at
| Detroit.
WOOL DEALINGS.
| Wool dealings are smaller than usual, farm
ers hoping for better prices hereafter.
Dry goods are not especially active, the
demand for woolens being slack even at the
| low prices, and for cottons rather irregular
for the season.
| Speculative markets have been non-act-
| ive, Wheat has risen cents for the week.
with sales of $4,000, 900 bushels at New
York; corn cent with sales of 10000, 900
bushels, and oats cents, but all appeared
still higher on Wednesday and have since
declined. Hogs have risen 10 cents, lard IS
cents per 100 pounds, pork % cents per bar
rel, oil Il cents, and cotton % cents per 100
pounds, with sales of 1853, 900 bales.
| The nXcpIlanca Of the CrOp prOsD9CtS in
| this country does not prevent an advance in
product, which Is based on belief in q larger
foreign demand hereafter, though the ex-
ports thus far have been much below those
of last year.
| IRON STRONGER.
| Iron is considered stronger, though No
| Southern is quoted at SIT 25 delivered in
| Brooklyn, and steel rails are lower, sales
being equivalent to 500 at the Easton mills
cent. since July l.
| Reports as to collections do not improve,
and complaints are common.
Most Industries appear fairly employed,
| though no improvement is seen in iron or
| wooden manufacture, and all qualities of
wool average the same price as July l, but
the labor difficulties are gradually dimin-
ished.
Exchanges at all points are smaller than
a year ago, because of decline at New
York. Outside of this city the aggregate
shows a gain of per cent.
FOREIGN TRADE DIMINISHING.
Foreign trade is diminishing. The New
York reports for four weeks snow a decline
of IS 3 per cent. in the value of exports
md much more for the last week, with only
slight increase in imports. Thus the
st ate of foreign trade is constant
reminder that much depends upon con
tinuance of foreign investments and loans.
The New York returns would indicate al
excess of merchandise imports over the
exports of about $4,000, 600 for July, fol
lowing $6l, 000, 900 for the previous six
months. Unless products move out freely
embarrassment may result and rise in the
prices of exportable products tends to check
their movement.
WHAT THE TREASURY HAS DONE.
The treasury has taken in during
the past week 100000 more than
it has paid out, and the actua
circulation of all kinds is about
100000 less than it was month ago,
owing mainly to the large retirement of
bank notes. But this results from the com.
parative inactivity of trade, and reports from
| all monetary centers indicate that the sup.
ply of money is ample for all legitimate
| business.
The settlement of the cable war and
the excellent crop prospects have
been used to advance stocks about 60 cent:
per share, but the western freight wars dc
not yet improve, in spite of The frequent
hopeful reports.
The business failures throughout the
country during the last week number for
the United States 191 and for Canada 25, a
total of Si6 against 22l last Weak