The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-07-21
TRADE HORTZON CLEARING
The End Of the Strikes Brings a
Better Feeling.

proaching It's Normal-A Revival
Also Ready to Spring Up as Soon as
the Tariff Question Is Settled-A
Hopeful Feeling Throughout the
South.
New York, July 20.-Bradstreet's to-
morrow will say; The disappearance of
the great railway strike of 1894, the re-
-vivaI of regular freight schedules, and
the customary movement of produce and
merchandise by water and rail, have done
much to restore something like the pre-
ceding volume of trade. The most
encouraging statement is merely that
general business is only approaching the
usual midsummer proportions. The re-
turn TO work of the potters at Trenton
and Wheeling, the employees of Pullman,
the tubemakers at McKeesport, a
further return of coke operatives
IN the Connellsville region and
of coal miners in western and
southern states, together with all the re-
cent striking railway employees, win fur
nish more industrial employment within
a fortnight than any previously. Eastern
business centers report feeling among
iobbers favorable to a revival in trade as
soon as tariff legislation shall have been
definitely settled.
dealers west, northwest and south
west at the larger distributing centers
announce that country mert hants are
running with very small stocks-that
they continue to buy only for actual
wants in sight.
DECREASE IN CLEARINGs.
THE effects of the recent widespread
disturbance in transportation and indus
trial circles are now making themselves
felt in the clearings returns, the aggre-
gate this week being only $500, 100000, a
drop as compared with the preceding
week of about per cent, and as COM
pared with the third week in July 1898,
of about 10 per cent
Southern cities which have felt the
effects of the railway blockade, report
that shipments are now making re yular,
crop prospects generally favorable, and
the feeling in iobbing circles one of i'm
provement. Aside from this no change
is reported from Memphis, Nash
vile Charleston, Savannah and
Birmingham. Atlanta advices are that
fall trade is opening satisfactorily and
manufacturers are busy; Chattanooga
that the demand has improved, and Au-
gusta that while the demand is more
active the crop outlook is less favorable
owing to the recent excessive rains
The fruit trade at. New Orleans is
greatly improved since railroad traffic has
been resumed, and there is more demand
for building materials, favorable crop re-
ports throughout Louisiana having slim
ulated better feeling Galveston job
bers report moderate demand IN all
lines and particularly in dry goods and
notions"
THE GOVERNMENTS FINANCES.
R. G. Dun g. Cos weekly review of
trade tomorrow will say: The effects
OF the two great strikes have not yet en-
tirely worn of, and meanwhile the disa-
greement between the two houses of
congress has made the tariff uncertain
ties more distinct and impressive,
1t follows that the custo-
mary tests of the condition of
business are less instructive than usual.
The financial situation is somewhat less
favorable, because the exports of gold
have been resumed, and are S., 300,000 for
the week, but the treasury receipts have
been S2046,39l for customs against
S2,95l,5 last year, and S7,474,55} in
ternal revenue against S2,979, 5lS
last year. The extraordinary payments
to anticipate the increase of taxation on
whisky are rapidly locking up a large
amount of capital, and taking from the
government part of the expected increase
OF revenue, while the current loss in Gus
toms receipts is largely due to the post
ponement of imports in expectation of
lower duties hereafter Thus the treas
ury has been gaining in balances, al
though at the expense of some loss in
revenue hereafter.
Although there was an increase dur
ing the month Of June of nearly third in
the weekly production OF pig iron, and the
consumption in the manufacture was
neatly 2 900 tons per week greater than
the output of furnaces, it is questionable
whether any. further improvement has
yet occurred in July.
CAUSES OF EMBARRASSMENT.
Many of the western establishments
were stopped because the blockade of
railroads cut OF their supplies Of fuel
and have not yet ventured to resume.
Others west of Pittsburg have been in
active because the coke strike continues,
and the limited production scarcely
sutices for the needs of works
near at hand. Behind all other
embarrassments there is a remarkable
narrowness Of demand for finish I'd
products. In all quarters there is much
disappointment, because, after the stop
page OF works for months, there appears
scarcely demand enough to keep supplied
the establishments now in operation, and
little more than half the producing force
II the country.
In steel rails the official statement
NCAAN TO VI OAiAJ C1OsVNO COho AOA
the first half of 1884, against 571 ,S64 tons
Tor the first half of last year. Prices Of
iron and steel have not materially changed,
out are little sitter for Bessemer iron
and its products.
The most hopeful sign noted this
week is that failures continue compare
lively few and not very important. The
aggregate of liabilities for the twelve
days ending July IL was 81, $50, 306, of
which Sl,009,S3l was of manufacturing
and 81, 44S,204 Of trading concerns, which
is decidedly below the average for the
past half year.
The failures this week have been 236
IN the United States, against 467 last
year, and A in Canada against % last
year"
EVENTS ON THE TURF.