The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1893-07-18
What Hrndsrreet Says.

.s.,NyO SIIIdr Dut ut tnt
! >, come frc,.Df ghter, Il ma.
! Joflts -.,,lu,o,ti shat tS actual improve
ment. IHron-@t and northwest report ne
such gam, %,,,'ough there is no backward,
movement. SIX months bank cicarng-
totals indicate that the first half of the
| year affected the southwest and north
west more than the balance of the country
! Exports of wheat, United States and
Canada, continue to furnish heavy totals
each week, the increase of late being from
one half TO two-thirds the totals for like
weeks in four preceding years. The total
this week is 4,13i,0Oo bushels or 4 800, 600
! more than year ago and Il still heav er in
crease compared with preceding years The
Unexpectedly heavy increase of stocks IN
Europe and alloat for Europe last week
W"s offset by the small decrease in th:
United States AND Canada, even with lht,
oOOOW bushels decrease in Australia in
cluded. Iron and steel Industries were
Interrupted rather more than usual, but
blllctS are % cents higher.
Nooicn and cotton Industries are slack.
with stocks of the latter accommodating
Manufacturers think the price of wool will
20 lower. Anthracite coal has been arbi-
trarllY advanced. Lumber is stronger mt
the northwest and sugar is up Ii. Wheat,
oats, cotton and coffee have also advanced
fractonally, while leather, live hogs. In
dian corn and lard have declined CORES
pond.ngly. Railway earnings for June show
an increase Of D. per cent over June last
year, but the total for six months is only
10 per cent larger than i'll the first half
OF lSJ2. Financ.a conditions at New
York tend to improve in spite Of an alleged
lock up Of money by savings banks and
private capitalists and Il Temporary
surplus Of clearing house certificates in
the settlements between banks Money
tends to flow toward the center and
the situation is regarded in banking circles
as more encouraging.
The decrease of nearly 10000 tons in
the output of pig iron IS not unrXuectol This
season. nor is it un1av0rable in symntoms.
In the shoe trade shipments again fail
much behind last years and orders are
SCanty.
The reduction of prices in many WOODEN
goods has not brought out large orders and
It is believed that most of The. mills will
be employed only part of the time for the
rest of the year. Sales of wool are moi
quite two-thirds of last years, with prices
favoring buyers The exports of produrts
are light, for Two weeks at New York being
only S13,Sl2.Gl0. against $15.979,7 J9 last
year. In June the exports of brca,stufrs,
provisions, cotton, OIL ana cattle amounted
to $50, 7o3 ,9G1 in value. against $42,7922,-
POO for the same month Last year with
noteworthy decrease im quantities of most
products, though in wheat and oil the loss
in value IS due to II fall in prices
Speculative markets have not been active
during ;be past week, though wheat j,
IT of II cent higher. corn 81 OF a conf
higher and cotton 8 of cent higher. With
small transaction prices have tended upward
as the monetary strngency sl&cilencu The
treasury has not materially affected the
financial situation during the past week and
has taken much less than the usual Guan-
tty Of silver, because but little was offered
at the market price.
The failures during the past week have
not diminished iii number, beng 314 in
the United States against 16S last year for
the same week.