The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-06-02
WAITING ON THE TARIFF.
No Material Changes in the Condition
Of Trade.

Business ana OroerS Ahead With
the Cotton Mills - Trade Brisk at
Jacksonville.
New York, June I.-Bradstreet's to-
morrow will say: THE decidedly unfa-
vorable condition Of general trade re-
ported last week continues without ma
terial improvement. Continued delay of
tariff legisla lion prolongs the stiaing- eff
feet on wholesale business. The great
coal strike continues without sign of
early improvement, no concession having
been made by either side. More mills.
factories and furnaces have closed their
doors for want of fuel. The volume of
general trade is still further reduced by
the intervention of a holiday aud by cold
and wet weather.
The favorable features come from -Du-
luth, Omaha, Augusta. Ca, and jackson
vile, Fla. Augusta; Ca, reports a gain
IN the volume of business as compared
with the last three weeks and that cotton
manufacturers have orders ahead and are
running on full time, while needed rams
throughout the lorida vegetable districts
have stimulated the demand, so that at
Jacksonville trade is brisk.
AT Louisville sales at fair prices are
noted only with reference to leaf tobacco.
philadelphia textile manufacturers
are operating from 80 to % per cent. of
their plants, but on orders only
AT Baltimore statesmen report orders
fairly frequent, but of smaller vol lame
than hereto ore, with the outlook for no
improvement and slower collections.
business at all except the southern
cities mentioned remains quiet
"Mlll machinery and plantation sup
plies are in fair demand at New Orleans,
and Atlanta furniture manufacturers ex-
pet to start up this month";.
MIGHT BE WORSE.
R. G. Dun g. Co S weekly review of
trade tomorrow will say: 1T is sim
of cheering import that in finished bust
ness, represented by cleariugs aud by ton
mage, there has been less decrease since
the strike began than might have been ex-
pected But in inchoate business, the
orders, which start The wheels, TO
result in tonnage and payment weeks or
months later. there seems to be an actual
decrease. Not only are new orders few
and small in most departments, but can
cellatlons of orders previously given are
increasingly numerous. This is due
in part TO the eheot of the uncertain
ties which the strikes produce,
but it extends also to nu-
merous industries which the
proposed changes OF tariff duties might
affect. Meanwhile the exnorCs of gold
rapidly deple the treas ury reserves,
while idle money gathers there IN I'M
usual amounts for the season, although
crop prospects continue on the whole
favorable.
sToPPAGE OF IRON FURNACES.
The stoppage OF iron furnaces betw zen
the Allegheny mountains and the Mis-
sissippi river has become complete, and d
great number of concerns manufacturing
iron, and others requiring SOFT coal or
COKE for fuel have been forced to stop
Business conditions increase in volume
under such circunIs lauces, and yet the
payments through all the clearing
houses for the week show decrease
Of only 2S per cent. compared with last
year ana are nearly as large as in april,
averaging about l42 ,00J,0W daily at all
cities, against 100000 in that month
and March, and lao, 900 900 in February.
Though large number of works are idle,
the demand for products is not what
might be expected either in volume or in
urgency. %a IbE
SUPPLY AND DEMAND.
The output of iron and steel has been
suddenly and sharply reduced, but the
reduced supply seems about as sufficient
Tor the demand as it was a month ago,
except in Bessemer SAFES of small lots
OF Bessemer pig a places as distant as
West Troy and Duluth, for trans portatio
to the Carnegie works near Pittsburg, dis
close how completely stocks areexh austed,
and sales Tor delivery in July and
August at Sll to Sll.l5, a price Sl.50
hlgher than prevailed few weeks ago,
indicates belief that the termination of
tne strike will not soon bring back the
other prices. But for most produc S, not
outstanding the interruption, the de-
mand IS Unexpectedly narrow and buyers
feel that the present advance is but TEN
porary
THE oUTGo OF GOLD.
The outgo of gold continues, and is
now believed to be due in part 10 prepare
ton for gold resumption in Austria. The
loss Of So, 600000 this week. and S2S, 00),-
oOo since May has reduced the treasury
gold to about S77, 000,00J. Meanwhile
the Bank of England holds the
largest gold reserve since 1879, the
wear OF specie resumption here. Cur
rency continues to come hither in gre At
amour S from the interior. and bankers
estimate that the sum required to be sent
west IN connection with the crop move
ment next fall will be not half as large as
usual At present low prices the move
ment OF grain is likely to be rapid,
THE FAILURES.
The liabilities reported in failures for
the fourth week of Nay were $685., 0S7,
ana for the four weeks ending May "a,
Sll ,39l ,042, of which 81, 445 sos were of
manufacturing and S5,8O5,89l of trading
concerns. hepor,s yet TO come may in
crease the aggregate to S14 100000 for the
month.
the failures this week have been 1873
IN the United States, agaius5 rs last
year and u in Canada, against 81 last
year. Only two failures, both banking,
are Tor 100000, 900 or more.
Orator--What we popullsts want to see at
tuG mead OF this government is a statesman
ID washington father Of his country.
"A Iolce-Yes; SOMEBODY thai will support
Qs-Puck,
Clara-How did it happen that Miss Debu.
'dnte was so easily taken in Dy him?
nay-She had Just come out, you know
~ DnDC