The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-08-10
TRADE STILL IMPROVING.
The Outlook In Every Branch Contin-
ues Fine.

NEW YORK, Aug. Or. G.. Dun 81 Co.'S.
review of trade for the past week is as fol-
lows; The changes in the business world
during the week, though but slight, have
all been in the right direction. There is a
little better movement of products. some
improvement in crop prospects, particularly
IN cotton, and with more confidence aad
strength in the stock market, less chance of
disturbing Withdrawals of specie for Eu-
rope. In the manufactures all the changes
are IN the direction of improvement, and
reports from interior points indicate vol
ume OF trade exceeding last years, and, on
the whole, steadily increasing OF all the
cities reporting this week, scarcely one notes
dullness in trade.
EFFECT OF THE COKE SETTLEMENT.
The glad news that the coke strike has
ended removes the apprehension of the
closing Of many iron works in the Pitts
hurg district The prices Of iron aud man
llactured iron and steel had been advanc-
ing there, and the upward tendency may
now be checked, though at Philadelphia
there has been confidence that the success
OF the Connelsville strikers, and an ad-
vance IN wages of the coke workers would
insure an advance of 81 per ton in pig iron.
The price has advanced about 80 cents, and
manufactured iron is strong.
COAL TO BE HIGHER
The expected revival of business In
anthracite coal does not come yet, but there
is some activity, and Reading is expected TO
advance prices on Sept. /. The glass trade
IS good and possibly helped for the moment
by tie rumors Of combination of the
makers. Copper producers have agreed TO
rpufiuna nrinaa fbnttub hnt oh,
IS still distruste1.
Tin is weak abroad but the American
demand is larger than ever, and lead is dull
4 SIS cents.
In wool and woolens there is not much
change, and while orders for dress goods.
carpets and staples continue tolerably free,
and there is some demand for clothing, buy
ers are disposed to deal closely because
many houses still have part of last years
took on hand.
YIELDING ARRESTED.
The general advance in the price of goods
being thus hiudered, it is perhaps signifi-
cant that increased inquiry seems to have
arrested the yielding in the wool market
which has been fairly steady for the week
But sales have been light and spinners still
ouy sparingiy.
The market for cotton goods is more sat
lsfactory, but the market for raw cotton
does not yield, though the new crop is now
expected to be large, and from two to three
weeks earlier than usual.
BOOTS AND SHOES.
In boots and shoes the severity of COM
petition makes the profits very narrow and
the Shoe and Leather Reporter notes that
after general reduction Of 81 to So per
case last yoar and further concession Of
3O cents per case in March Of this year
with decline Of 30 to IS cents per pair on
shoes in two years, the manufacturers can
hardly be held responsible for occasional
failures among the dealers.
Rubber is weak and defining.
with steady improvement in the reports
from the northwest, wheat has declined
about three-eghths on sales OF only s, ,00), 600
bushels here, and corn half of a cent o.
sales Of 100000 bushels. Oats are nearly
| cent lower, and hogs 10 cents per 100
pounds.
In oil there is an advance of half cent
COFFEE HIGHER
In coffee prices have been lifted three
quarters Of a cent, but with many protests
from BUYERS, who note growing disappoint-
nent OF those engaged in distribution.
Sugar is strictly nominal with 6I5 cents
quoted as above any bid at present obtain
able, aud this narrative that an interna-
tional syndicate is getting ready to buy
CUBA from Spain, aud to control all tie
sources Of supply OF raw sugar, may ba
mentioned as indicating the difficulties
which the trust and Magdburg syndicate
begin to realize.
STOCKS STRONGER.
The stock market has been strong and adj
vancing on the rather thin theory that tho
recent failures, and consequent distrust of
commercial paper have driven investors to
buy securities. There is, in fact, no
such diStrust, aud money in ample
supply for commercial uses is quoted
at about tho usual rates all
over tho country. A more rational expla-
nation is that the railroads arc assured Of
large fall business and so viii be po werfully
pressed to ADJUST the differences, IL o1ly for
time. The average price Of the more
active stocks is about 81 90 per share higher
than a week ago, and foreign reaiizing no
longer appears.
LESS TENDENCY TOWARD TRUSTS.
The tendency of capital toward industrial
combinati ns may naturally have been
checked Of late, aud this would lessen the
disposition to realize on good securities
During the week the treasury has taken in
81 900, 900 more than it has paid out, but the
merchandise exports from New York for the
week were nearly 80 por cent. above last
years., with an increase of about 90 per
cent in imports. The average prices of
commodities have slightly advanced
Business failures occurring throughout
81 = 81 l.