The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-08-03
PUT MONEY IN THY PURSE
TRADE TO GIVE THE SLOTHFUL
DIME A LIVELY DANCE.

/ a
/ Everything Indicates That Business
! IS Soon to Co Booming-The Mid
summer Operations Far in Excess
of Those OF ANY Previous Year at
This Tine.
New YORK, Aug. 2.-R. G. Dun & Coz
review Of trade for the week is as follows:
| t g country begins to feel the stimulus of
! good crops. New spriug wheat began to
arrive at Chicago on Aug, l. ten days ear
/ lier thai last year. The st. Louis corn
/ corner has had no effect, an abundant yield
/ is expected, and business in all departments
is gaining. The Northeastern Miller EST
mates the wheat yield at 800 900, 900 bushels
of excellent quality, and the mills at Min
neapoIis are active, with water plenty. St
| Paul naturally reports Improvement in
trade and Milwaukee also in ali branches.
At Omaha, assurance of crops above the
average makes business excellent. In the
winter wheat regions the improve
ment consequent upon a good yield
has now been steady for some weeks, though
at Kansas c. y busi ,ess Is sill rather quiet.
| In the irol regiO 81 distinct inc ease in the
dema is felt and here ord, for 100 new
locomoti es have been placed durlng the
week. The certainty of large traffic also
mas ITS effect upon railroad negotiations,
which have made progress toward peace.
THE STOCK MARKET.
The fact that under su favoring circum-
stances the stock market has gained during
| the week only 40 cents on 800 le aver
az Of prices may be attributed to monetary
uncertainties and to the great volume of
f-5f H..
cess OF the interstate agreement and recent
legislation in western st ties have inclined
m ny holders t. sell, while projects for
$4,000 miles Of new railroad and for vast
number OF industrial trusts have caused an
unusual body of new stocks and DO ids to be
offered Of which but small part has yet
been placed.
The money markets Of the interior con-
tlnue gen rally we'll supplied. To the gen
eral surprise, demands from the interior
are not felt here to any extent as yet, and
treasury operations have only added $780,
900 to the cash on hand for the week.
TRADES VOLUME
The volume of trade coItlnues to exceed
last years at New York IL per
ce t., and outside 1871 per cent, accord
ing TO the clsarings through banks. The
exports for July from New York appear
l413 per cent larger than those of last year,
L.
figures would point TO an excess of about
S1l, 900 900 in the imports over the exports,
and yet large Offering Of bills against prod
ucts to be moved hereafter prevents ap-
prehension.
PRICES OF COMMODITIES.
The prospect is bet er for decline of
rs cents in wheat during the week, though
corn, oats and cotton for immediate de-
livery are fractionally higher. Pork
products have all declined lttle and
hogs 20 CO Is per 100 pou DIS to 81 So the
speculative movement in these products
has not been large, the sales of wheat reach
ing 100000 bushels for the week, of corn
1000, 900 bushels and OF cotton l9i 900
bales. But con-e is 81 of a ce 1t stro iger,
with sales OF $4,000 bags Only 3,70O, 900
barrels of oil have been sold and the price
Is | cent lower.
WOOL STILL HESITATING.
The wooden dustry still hesitates. The
prices of wo i are generally held up to the
average for the last m nth, but in Fl
fleece there is some yieldi & in quotations.
manufacturers finding no encouray cement
to look for higher prices for goods and
| therefore restricting purchases of wool to
t leir lmme late needs. If the dry goods
market does not soon improve, general
yielding in wool would seem inevitable.
IRON MORE BUoYANT.
On the other hand a more encouraging
prospect is seen in the iron business. The
demand is increasing. Pig isstrong and it
| is motto d that the stocks on haad, though
urge, are not one mouths supply. The strike
in the Come lsvile coke works, expected to
embrace 1900 men or more, does
no appear. at the latest ac-
counts, to include more than
5000, but it is feared chat the struggle may
cut off the supply Of fuel and thus affect the
supply of iron. Bar iron is stronger plates
more active at full prices, and rails strong,
though at present without considerable
sales. Nails have been pressed for sale by
some holders, so that hopes of improve
ment have baeA diSap loi tod.
COAL STILL SLUGGISH.
The coal trade is still sluggish and prices
do not seem to be maintained.
| Copper has LOT noml ally changed, but
two mines have stopped pr pductlol because
current price does not suit, and tit has been
weaker abro "a, selling at $40 IS here
Lead has been active in speculation. rising
| to cents
Several large failures in the boot and shoe
and leather trades have attracted attention.
aud yet the feature at present is the impor-
| tunate demand of BUYERS for tAe speedy
delivery of goods The producing capacity
is largely excess of the demand on the
| whole but no unsoundnexs 10 trade has been
suspected
GENERAL MOVEMENT OF PRICES.
| The general movement of prices in July
was upward, the change average lg / per
cent. for the month, but the stu stion to-
ward the close, and at the ginning of
August appears to in1lcats a lit lie reaction
The business failures, occurring throu III
cut the country during the week, mum
her n the United States 1871, and for Can
ada 10; total of 2l0 against 2I6 asst week
UNDER W zip AND SPUR.
Sultry and Stormy Weather and q
Heavy Track at Saratoga.
SARATOGA, n. Y, Aug 2.-The weather
was suit y to-day and the track heavy. The
| events we're n { llOwS.