The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-06-23
BUSINESS LOOKSBRIGHTER.
The End Of The Coke and Coal Strikes
to Put 100000 Men at Work.


Capitalists to Push New Enter
prises-Comparativ Large Ship
rnents of Shoes From Boston to Get
the Advantage Of the Low Freight
Rates.
New York June, 22.-Bradstreet's to-
morrow will say: There are indications
of moderate improvement in various
lines, and enough instances to render
the fact of some significance, A notably
favorable feature is the practical ending
of the coke and coal strikes, together
with those in relative industries, which
will put to work at once, or soon
more than 100000 men. There are
sales by jobbers in staple lines for future
delivery, where nothing save a hand-to-
mouth business has been reported for
weeks At points tributary to Kansas
City and St. Louis grain harvesting is
under full Roadway; the condition of the
wheat is excellent and the demand for
money to move the crop marked, and the
supply abundant. Western steel works
recently started report dispo; ition by
capitalists and others to push new enter
prises.
The reverse of the picture contains
nothing worse than has been previously
reported, the more familiar features
being delayed and indifferent tariff legis-
lation, resulting in stagnating business F.;
continued hand-to-mouth dealings by job
bers in all portions of the country, the
approach of the semi-annual stock
takiugs period and uneasiness in Florida,
and in portions of Louisiana, due to
drought.
DULL IN NEW ENGLAND.
Nothing deuoting increased demand
for staple good goods is reported from
any New England city. Comparatively
large shipments of shoes from Boston are
due to heavy consignments south based
on cut freight rates. Shoe factories at
Philadelphia, on the other hand, are
largely idle. Cotton and wooden mills
are running as previously reported, the
former accommodating stocks and the lat
ter on orders.
Baltimore merchants report the south
holding orders more than previously
AT the south, there is rather more en-
couragement in trade circles at Nashville
as to the prospects for fall trade, rains
having helped the crops in that vicinity
and although business is quiet at Savan-
nah, the demand for naval stores remains
active.
Some Improvement in the distribution
of merchandise is announced from New
Orleans, particularly hardware, and Gal
weston reports business fairly active and
the prospects encouraging
AT Charleston, Memphis, Atlanta,
Chattanooga, Augusta, Birmingham and
Mobile, trade is only fair, or dull and
without change. Jacksonville merchants
have not as yet felt any unfavorable eff
fects of the drought in Florida.
RICH IN PROMISE.
A G. Dun & Co.'s weekly review of
trade will say tomorrow: ''The week
has been rich in promise, but Door in per-
Torrance. 1t was confidently promised
that exports of gold would cease, but
they have not. 1t was promised that the
end of the coal strike would bring imme-
date recovery of industries, but partial
resumption of work discloses compare
tive scantiness of demand for products,
while the miners of Ohio, in convention
have repudiated the settlement and con-
tinue the strike, and in many other locali-
ties it fingers, and above all the coke
workers strike blocks most of the iron
manufacture in the central region, less
than quarter of the coke ovens being
yet at work.
1T was believed that late changes in
the tariff bill would be more satisfactory
to Industries, but the new schedules have
not yet diminished hesitation.
The treasury gold reserve is reduced
lower than it was at any time in January,
and the government proposes to ship legal
tenders to interior poinst against deposits
OF gold in the treasury at rates which
virtually constitute premium on
gold. The conference of New York
bankers proposing to provide gold for
export, resulted in little practical gain,
but called public attention more dis
tlnctly to the difficulties of the situation.
Most lenders now require a stipulation for
gold payments in all time loans.
CUSTOMS RECEIPTS.
The customs receipts for the week
have been 81, 1872 lib, against So, 516, l19,
and the International revenue also de-
creases 1852, 900. The market for COM
mercial paper is singularly narrow with
extreme caution in the scrutiny of names.
1T was confidently expected that the
settlement of the tariff rates on textiles
by the Senate would improve the condi-
ZION of textile manufactures. But there
Is scarcely any evidence of such
rule as yet, the large sales
OF cotton being distinctly traceable
TO more seasonable weather and larger
retail sales, and further concessions by
sellers. The stock of unsold print cloths
at Providence, Fall River and Boston is
over a million pieces, but the accum ula-
& ton continues. The orders for fall are
limited, and staples are irregular in
a price
STEEL PRODUCTS.
There is much disappointment that the
81 partial settlement of the coal strike
does not promptly enlarge the demand for
steel products, which is evidently too
narrow as yet to support much
increase of production. Prices are
weakening, Bessemer pig selling at
$lO,9O at Pittsburg. beams at Sl.30
ana angles at S120. Western
orders are comparatively liberal, though
much smaller than in other years, but no
Improvement is seen at Philadelphia,
Wnlle In the central region the continuing
COKE strike and grave uncertainty about
Ihe early settlement of coal workers
#"ages causes hesitation.
The volume of domestic trade meas
ured by clearjngs, shows no important
Mchange. The heavy drain year ago
Eltlates comparison with that period
compared with 1892 the decrease is 1873
per cent. outside New York, and 24.3
per cent. at all points.
Inc improvement continues in failure
eLurn, which show an aggregate of liza
oLltles for two weeks of June amounting
70 S6,52O,025 of which 81, 23S, sos were of
manufacturing, and 81, 1883 Of trading
MI 49, IL