The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-07-02
BIG YEAR In COMMERCE
DUN'S REVIEW REPORTS A MAG
NIFICBNT SHOWING.

The Past Twelve Months Never
Matched in the Country's History in
tie Volume of Industrial Production,
in the Magnitude OF Domestic Elk
changes or in Foreign Trade.
ENEw YORK, July 1.-R. G. Dun Sc Co.'s
weekly review Of trade says: "The bust
ness failures occurring throughout the
country during the week number for the
United States I'll and for Canada 20, a total
of 1877.
"a fiscal year never matched in the his
tory of the country In the volume Of indus
trial production, In the magnitude Of domes:
tic exchanges or in foreign trade has just
closed. The imports for the year have been
about 1888. oO0, 0OO, the increase at New
York in June over last year being about IS
per cent. The exports from New York in
June gained 1874 per cent, and
the aggregate for the year has
been about s1,O27. 900, 900. Railroad
earnings have been the largest in any year
thus far and the clearings in June the largest
ever known outside OF New York. The
failures for the half year have been 5 ,5oS,
against ,074 In 1891, aud the liabilities $62,-
600, 900 against 1872 900, 900, and on the whole
about the smallest for six years. In spite OF
low prices additional works are going into
operation, even in the iron manufacture,
and yet more in wooden and cotton. More
| over, the crops of this year promise TO be
| very satisfactory and the new half year be-
gins with excellent prospects.
Excessive rains have again set back
grain in limited extent, principally i'll the
| lowlands, but the wheat receipts at western
hos hao I huobala In hra
days, and Atlantic exports $50 900
bushels, showing that the old supplies are
not exhausted and prices are an eighth
l)wer than a week ago. Corn is cent higher
| in spite of large receipts and very light ex-
ports, the fear being that port OF the crop
may be destroyed by wet weather or so
delayed that frosts will catch it before
maturity. Oats are also l cent higher; specu
lation has been light in grain, buIpork prod
ucts have advanced sharply, pork, 81 per
barrel; lard, AZ cents por 100 pounds, aud
hogs, 50 cents.
SPECULATION IN COTTON.
Speculation in cotton has been active,
wit sales of APO 600 bales, resulting in de-
cline of a,sixteenth, though receipts are get
ting light, but the crop prospects are good
and the stock in sight enormous.
"At Philadelphia manufactured, and
especially structural, iron is firm. Some
demand is noted for the delivery Of dry
goods in July, and manufacturers are buy
i G wool more freely. The hardware trade
is large though at low prices, and in other
branches business is fair for the season.
AT Baltimore good orders for clothing
are noted and an early season for shoes is
expected, though the packing eeason is ex-
| pected TO be light. Eastern shipments OF
| boots and shoes gain every week on all past
records. and for the year are nearly 6 per
cent ahead of last year and only per cent.
below those of 1890.
"Woolen mills are rather more active
than usual for the season and cotton manu-
facture has rarely been in better shape as
TO stocks unsold.
Speculation in stocks has boon languid,
for the holders expected great public de-
mand from the investment of the unprece-
dsnted dividends aud interest payments
July l, but it has not yet appeared. Money
is abundant in ell tinaucial centers, with
but moderate demand and collections gen
orally are good. except where wet weather
and bad roads check distribution and settle
| ments. Rarely has the country begun the
| new fiscal year with more satisfactory COM
| merciel prospects, and there is less financial
apprehension than is usual in presidential
year,