The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-06-25
BIG CROPS LOOKED FOR.
THE OUTLOOK FOR GOOD TIMES
ENCOURAGING.

Exports Still Far in Excess of Imports.
Gold Shipments Causing No Anxiety
In Monetary Centers Business
Failures Much Less Numerous Than
Last Year.
New YORK, June PAR. g. Dun & Co. s
weekly review Of trade says:
"In wheat 30 great a change Of condition
appears that men begin to question whether
the yield this year will not closely approx
Innate the unprecedented crop of 1891. For
other grain and cotton the outlook is
decidedly better and there is reason now to
hope for highly satisfactory results from
the years agriculture. In consequence
there is stronger trade throughout the
country, especially at western centers OF
distribution. The improvement is less
marked at the south owing to the very low
price OF cotton and continued high water In
some regions.
zone point of anxiety, in regard to the
wage dispute In iron manufacture, operates
for she present to cause increased trade,
while in other great industries the situation
is clearly more favorable than usual. Iron
manufacturers desire revision of the wage
scale on the ground that improved machin-
cry Uha oudulou lhlbOA W pIOdhOoO pei SOLlb-
more than in former years, and has reduced
the price so far that the
2-cent basis is no longer just.
There is little more ground
for the hope that a prolonged strike may
be avoided, and, meanwhile the demand for
all forms of manufactured iron and steel
distinctly improves. There is a better de-
mand for plates and for structural iron,
prices being irmer and some gain in bar
iron and even in steel rails. Pig iron is still
weak and feverish, southern supplies being
large, but northern makers wait to see
whether strike is coming before reducing
prices
BOOTS AND SHOES.
BOOT and shoe manufacture Is entering
upon q season expected to be one or unpre-
cedented activity but the years shipments
are already within 2 per cent. of the great
est ever known, and are gaining every week.
There is a fairly large business In low
grade woolens, and the sales Of wool are
better than usual for the season.
Print cloths are strong at So cents, and
some advance in prices is anticipated.
"At Pittsburg there are brighter pros
poets Of a wage settlement, but finished iron
is moving fairly.
"At Louisville trade is satisfac-
tory and improving, but business at
Memphis is inactive, and az New
Orleans dull on account of high water. At
Savannah trade is above the average in all
branches and the prospects are favorable.
'In cotton no change in price appears,
though the transactions have been quite
large, $50, 900 bales for the week and the
weeks receipts have been larger than a
year ago.
LAST weeks great exports Of gold have
caused neither trouble nor alarm, and the
shipments this week are smaller
than most expected, foreign exchange hav-
ing fallen to 81 SS1l. Goldiexports were quite
independent Of merchandise balances, for
enormous produce exports in May are fol-
lowed by an increase OF 25 per cent. in the
exports from New York Ia June thus far,
Indicating an aggregate for the fiscal year
not far from 81, $50, 900. 900. Confidence in
the monetary future has been much
strengthened by political events and silver
has declined. In every part OF the country
money Is in abundant supply and the de-
mnnd at important points is only moderate,
collections being generally quite salts factory
for the season.
1.-THE business failures occurring through
out the country during the last seven days
as reported to r. G. Dun & Co. number
176. For the corresponding week Of last
year there we're 20S failures in the United
States"