The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-08-18
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TRADES0UTL00K BRIGHT
BUSINESS IMPROVING IN EVERY
PART OF THE COUNTRY.

Labor Better Employed-Increased
Railroad Earnings-The Iron Trade
Picking Up-The Prospects OF the
Cotton Crop Improved-The Failures.
New York, August 17--R. G. Dun g.
Co. IS review of trade for the week says:
The signs this week are all more favor.
able. More definite information limits the
loss by injury to wheat and cotton, while
the corn prospects continued good.
Business in almost every part Of the
country improves, with many indications of
| good fall trade.
Manufacturing is more active and labor
is better employed.
Railroad earnings show gains, as usual,
and the belief that the wars will not last
| has strengthened.
On the whole, the feeling has decidedly
improved, and the actual situation also.
THE IRON TRADE PICKING UP.
For some months dulness in the iron trade
has been discouraging symptom, but now
an increase t 9, 200 tons in the weekly out
put since July l is recorded a gain of
nearly per cent. This is partly due to the
resumption of furnaces which suspend for
time in the summer for repairs, bat some
new and large works have swelled the out
put of coke iron to 1855 tons weekly.
There is no change in prices, and for the
moment u little less activity at New York
or Philadelphia. but foundry irons are more
firmly held and at Pittsburg mill irons are
25c stronger.
A BETTER DEMAND.
In all quarters better demand is felt,
and the sales of ore at Cleveland are now
large, while it is noteworthy that no ad-
vance appears i'll steel rails, though sales of
OF nd 4 tOn
corded, besides Pacific coast contracts for
80, 600.
The coal market is also strong and active,
and an advance is expected about Sept |,
coincident with the advance in rail charges
The latest advices regarding the crops are
favorable, because thoy indicate that the
injuries undeniably sustained are not so
serious as many apprehended. While the
harm done i'll Minnesota and Dakota has
been great in some localities, the late t
estimates from 200 points appear to Justify
a belief that the yield from increased
acreage will be about as large as that of
last year.
TEXAS COTTON IMPROVED.
SO, too, the gloomy anticipations as to
cotton in Texas, are met by telegraphic ac-
counts Of rains throughout the state and a
better prospect, and it is explained that,
with good weather hereafter, the state
has entirely disregarded the crop news, and
cotton has been lifted quarter, with the
| better prospects of a yield. just as hogs
have risen 3 and lard 18 cents per 100
pounds, in spite of the excellent pl ospeots
for corn, which was nevertheless hoisted
| yesterday. Wheat has declined over |
| cent, and slow export demand is still
prevailing feature, though the foreign crop
advices are gloomy
INTERIOR TRADE GOOD.
Advioes from interior points are more
uniformly favorable, as TO the actual busl-
ness, than for many weeks. Improvement
Is quite generally reported, with transac-
tions exceeding last years at many points.
Tho clearing house returns also indicate
reviving activity, exceeding last years by
60 per cent. in the aggregate, and ~ per
this gain is due to greater speculative activ-
Ity in stock at Boston, in grain at Chicago,
and in cotton at New Orleans
MONEY IN GOOD SUPPLY.
Money is in good supply for legitimate
demands at nearly every point reporting,
though quoted close at Nashville, and i'm
provement in collections lessons the num-
Der of complaints.
In foreign commerce a decline of 1S per
cent in the value of exports for two weeks
from New York and Il decline of 3316 per
cent in the value Of imports here, do not
accord with the accounts of domestic trade
The imports in anticipation of change of
duties seem to have supplied the market for
the present, while foreign buyers, notwith-
standing large prospective needs for the
coming year, are too wary to hasten their
purchases.
THE STOCK MARKET.
Returns still show that the movement of
foreign capital this way has not ceased,
though the stock market has been weaker
and uncertain in tone. The average Of
prices Is 81 so per share lower than week
ago, and in some active securities unusual
efforts TO sell are seen, but in spite of the
great dullness, following an uninterrupted
rise for eight weeks, the market has been
comparatively steady until Friday, when a
more rapid decline marked the opening
The treasury has taken in about 81, 800 600
moro money than 1t has paid out during the
week, Notwithstanding an advance in the
rates paid for bonds and an increase of
81, 900, 900 in the deposits with banks, but
the reserves of cash at New York are so
largo that there is much confidence as to the
monetary future
The business failures occurring through
out the country during last week number
for tho United States 1877 and for Canada
32, total Of 2l9 against 233 last week.