The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-08-24
IN THE WORLD OF BUSINESS.
THE SOUTH WAITING FOR THE COT
TON CROP TO MOVE.

Transactions Were Rather of an In
Gated Character for the Month OF
Jhly, and n slight sbrfnkage is No.
tice0 fn Augusf-Phc nOmenaI Ac-
uvity Reported by "a. g. Dunn
&Co., i'm the Great Industries, Ov-
ing to- Enormous Orders-The Iron
Output Increased.
New York, Aug. 2S.-R. G. Dunn & Co.,
IN their weekly review of trade tomorrow.
will say; The volume OF business shrinks.
as is natural in August and the shrinkags
seems rather larger than usual because
transactions in July were somewhat in-
flated for that month.
The settlement Of wages in the window
glass works foreshadows higher prices.
ana the carpet workers about PhiladeI-
phia. by proposing to accept higher wages
after Sept. 10, broke the ranks OF employ
ers, so that nearly all consented to an ad.
vance OF 7is per cent. on Thursday. This
strikes OF clothing workers progress every
day toward better wages for the employ
Cd
The price OF wheat has fallen sN centa
during the week, recovering fraction ON
Thursday In spite OF all efforts to hold
back supplies from farms and to encour-
age buying. Wheat ought to go abroad
freely at present prices. but Atlantic exs
ports, flour included, have been only L.
Si2,6O2 bushels for the week, against o.
764 last year. and for the four weeks
only 4.Sls. 632 bushels against il. .937,4 All LAST
year. Impressive stories of short crops
abroad have little weight in the presencs
OF such a record, and the abstentlon oe
foreign purchasers proves more effective
than the Withholding OF wheat by western
farmers. Naturally the 81 cent. wheat OF
the Pacific coast still goes forward freely
In place Of Atlantic supplies.
Corn has also declined 4hc while porc
and lard. with accustomed inconsistency.
rise a shade as corn declines. Cotton had
advanced fraction to 775c, without any
definite change IN crop prospects, and as
usual the immense volume Of stocks car
ried over in mills and commercial hands
here and abroad, about 100000 bales
American, is by most traders not appre-
ciated.
1t is a relief to turn to the great indus
tries, In which the enormous orders placed
some weeks or more ago cause phenomenal
activity for the season In iron, notwith-
standing some uneasiness because the out
put has greatly Increased, heavy purchase
es by two leading companies have advance
ed the price Of Bessemer 20 cents and a
new combination has raised galvanized
barbed wire TO $l.SO, while combinations
are being formed In wire rods and COM
mon wire, and an advance In prices is ex-
pected.
Other prices are unchanged and the new
orders for iron and steel products are not
at present large In boots and shoes the
shipments on old orders again exceed those
Of any previous year for the month thus
far and yet in almost every branch new
orders are very seanty, although prices OF
boots and shoes, OF leather and also OF
hides are very firmly maintained.
In cotton goods the demand Is rather
more active as the price of the raw ma
terlal advances, but otherwise the busi-
ness has not materially changed, and the
quotations for print cloths IS a shade
lower this week. Sales of wool are again
smaller than In 1892, but speculative buy
ers still hold prices very stidiy, and are
supported by the strength OF foreign mar
kets. No marked change appears in the
demand for woolen goods, but there is am
increasing apprehension shown by agents
regarding the extensive sale of foreign
woolens..
Failures for the week were 222 in the
United States, against 234 last year. ana
three last year.
Bradstreets tomorrow will say: The
volume Of general trade throughout thu
east, south, southwest and on the Pacific
coast Is no larger in volume. In fact, at
several southern and eastern centerss
rather more quiet Is reported than a weels
ago.
The price of cotton is up again ON
further reports Of damage TO the crop.
A dispatch from Dallas to Bradstreet's
says the North Texas cotton crop will be-
later than last year, and 20 per cent. smal-
Ter in yield. The price is now about 20
higher than year ago, and cotton goods
notably gnghams, have been marked up
in sympathy.
Not only have Bessemer pig and forge
irons been advanced in price again this
week, but 50 have steel billets and barbed
wire, wire nails and wire rods. Leaf to-
bacco, too, tends upward. Among staples
which have remained firm are wool. lum-
Der, copper, coal and leather. Petroleum.
tends downward, and eight food products
-four, wheat, corn, oats, pork, lark, su-
gar and coffee-present lower quotations.
The outlook for oats would suggest moder-
ate prices, as would that for corn, ana
hence for cattle, pork and lard.
Sugar Is arbitrarily marked down. bue
why wheat should go off In view Of ac-
cepted estimates Of short supplies at home
and abroad is not so clear. At the south
grocery, hardware and dry goods jobbers
are relatively most active. General trade
is as favorable as any where else south in
the Carolinas and Georgia. The Louisiana
rice crop, 1t Is estimated, will amount to
100000 bags Needed rains have fallen in
South Carolina General trade at the
south IS practically waiting until the cot
ton begins to move"
On the Pacific coast business is not par
ticularly active The Oregon, as well as
the California crop, is short.