The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-06-16
MID-SUMMER'S DULL TRADE
The Tariff and Labor Troubles Cut
ting a Big Figure.

Merchants Holding on on Fall Orders.
Five Southern Cities Report I'M
provement in Retail Trade-Woolen
Mills to Be Out of Orders by July 1.
Cotton Goods Acoumulating-A De-
crease in Exports Of Domestic Pro
ducts.
New York, June 15.-Bradstreet's to-
morrow will say: "The practical arrival
of the midsummer season and the usual
slackening of business, the extreme heat
and need of rain in the rthwestern and
southeastern states, continued urcer-
tainty as to the tariff preventing -mer-
chants from anticipating demands next
fall, together with the large number of
idle wage earners in Industrial, mining
and other lines, all combine to produce
continued dullness in business.
General trade is stagnant at Buffalo.
and at Philadelphia the textile industries
report sluggish demand although sales
of paints and glass are in fair volume, and
anthracite coal sells for little more
Baltimore merchants report extreme
conservatism on the part of both buyers
and sellers, and trade very dull,
IN THE SOUTH,
In the south there are five cities at
which merchants are said to have en- owed
some improvement in business. Jackson
vile declares that collections are better
and at New Orleans and Memphis the
demand for staple goods is increased in
groceries and dry goods. Nashville re-
CARDS the outlook for fall improved. but
admits that rain is needed. At the man
ufacturing centers, Atlanta and Augusta,
mills are reported fairly active.
Needed rains in Southern Texas are
said to have stimulated the demand from
iobbers at many points.
The fruit movement in Southern Ala
hama has fallen off, as has the demand
for hardware at Mobile.
Rain is badly needed in portions of
Georgia. while at many points throughout
the South Atlantic and gulf states, there
is no change from the previously reported
dull trade"
DUN's REVIEW.
r. 6. Dun & Co. IS weekly review of
trade tomorrow will say The strike
of bituminous coal miners will end Mon
day, wherever the authority and advice
of their general organization can end it.
and there is little room to doubt that the
coal famine will then begin to
abate Some time must elapse, how
ever, before the supplies of fuel will
enable all works to resume that have no
uluCl ICdoOh III
Meanwhile the demand for products is so
slack that it seems questionable whether
IS many hands will find employment be-
fore the end of June as were employed in
April.
The actual output of pig iron weekly,
June l. was only 62, SIT tons against 1856
1872, April l, and 174.029 year ago, but
the reduction of 24S,552 tons in unsold
stocks indicates that a quantity nearly
double the output has been taken for con-
sumption. Ii there were orders to
continue manufacture at that rate,
resumption of over two-thirds of the
full capacity of works would not be long
delayed. But the eastern demand is on
the whole disappoin tingly small, and in
the central region the termination of the
coke strike is essential, but not yet as
sured At the west a larger demand and
greater activity appear, and heavy bust
ness is likely to follow the removal of the
obstruction.
WOODEN MILLS CLOSING.
THE wooden mills are closing rapidly
1t is asserted that scarcely any have
orders to occupy them beyond July l in
mems wear, but IN the demand for dress
goods a somewhat better tone is per-
ceived.
Further concessions have not enlarged
the demand for cotton goods, and the re-
cent report that prod has been close
to last years, is said to be based upon re-
turns from only the more fortunate mills.
That goods are accommodating is evident,
but sales have been distinctly improved
with the weather.
The exports of domestic products in
May showed a decrease in all the princi-
pal classes, excepting provisions, the ag-
gregate being S37. 1923, 7l2, against S44, BAL -
443 last year, but more than $5,000,0 600 of
the decrease in value is found to be due to
the fall in prices. The exports from New
York for the two weeks of June have
been per cent. larger in value than last
year, while the imports at this point have
been Is per cent. smallel.
COMPARISONS OF EXCHANGES.
Comparisons of exchanges with last
year alone are no longer instructive, but
the daily payments through the principal
clearing houses for the first half of June
have averaged S12S.260, 900, against S162,-
100000 lastsyear and $171, 100, 200 for 1892,
Owing TO the fall in prices about this
time last year, comparatively little of the
difference in the value of payments can
now be attributed to the difference in
prices of commodities, but it cannot be
Judged how much may be owing TO the
strikes and their consequences.
Gold exports have diminished to 50,
100000 for the week. and sales of foreign
exchange to mature about the end of July
Indicate some borrowing from Europe
against products TO be exported A little
more commercial paper from jobbers is
also found by the banks, but the food of
money from the interior has not ceased,
though the time for the movement of
crops draws near.
While business is narrow it is com
paratively free from losses by failure, for
the liabilities reported in failures for the
trst week of June were only 2,507, 22S, of
which $476.ll8 were of manufacturing
and 81 ,872, 26l of trading concerns. The
aggregate liabilities thus far reported in
failures in May were but Sl3,5l4, 100 of
which S., l46,025 were of manufacturing
and S6,912, 1902 of trading concerns. The
@52 IN the United States, against BIB last
year and 40 in Canada, against "a last
year.