The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-07-13
EusINESS GOOD FOR SUMMER.
,,rrs WITH A FEW EXCEPTIONS
CONTINUE STRONG.

-. commercial and Industrial Ac-
,t,ftv at Many Points More Con-
-oiruous Than Usual For the Sea-
.op-An Exceptionally Favorable
outlook For Trade in the Fail and
encouraging Promises For the
wheat and Corn Crops.
View York. July T.-Bradstreet's will say
narrow: AT the close of the second
eek in July the condition Of trade gener-
rv remains practically unchanged. al
4 ,o,gh commercial and industrial activi-
AZ many points continues more conspic-
ans than usual at the midsummer sea-
5u. Prices generally continue strong. ex-
<aBtions being found among the cereals,
no products, coffee and lead; while. as
isnidcant as anything else, are the ex-
$eDtionaily favorable outlook for trade in
.ae fall. and the encouraging promises for
he wheat and corn crops throughout the
central western, western and northwestern
hates.
"Bessemer pig iron is higher again, s14
L
n the near future. Steel billets are also
4 igher. as are galvanized and black sheets,
kides and manufactured goods. generally.
Heavy receipts of cattle and hogs. good
Iron reports and reduced purchases of
Eheat abroad will explain reactions in the
] ommodities referred to, while sugar. print
Moths and cotton have remained firm at
1ast weeks quotations. New business in
fry goods is quiet. but prices are steady.
Ind dress woolens firmer on the higher
i rice Of raw wool.
4 Bank clearings throughout the coun-
4ry this week present the largest total
*ince the period of the panic in 1898. ISL, 49,
400c0 30 per cent larger than in the Sec
4nd week of July. 1894, and IA per cent
darger than in the second week of July,
1S93. June railway earnings show contin-
bed Improvement in the largest gain for
any month within two years.
The only notable falling off In June is
That in the earnings of the southern roads,
Paused by the coal miners strike on the
Norfolk and Western railroad.
There were 266 failures in business in
the United States this week as compared
with 197 last week. go in the second week
b July, 1894. and 39S in like week in 1898.
Among eastern cities there is a change
for the better at Pittsburg, Philadelphia,
baltimore and Providence. Manufacture
ers Of woolens and jeWelry report a bet
ter demand, while all forms of iron and
Eteel are in active request, these features
Resulting in the stimulation of business in
uther lines. With a few exceptions, gem
Eral trade is quiet and summer dullness
prevails throughout the south. The ex-
reption is with respect to iron mills, which
are running on full time. This is conspic-
lous at Chattanooga, and is beginning to
be so at Birmingham.
AT Atlanta sales of hardware are larg-
Pr but those of dry goods, shoes and
are smaller. New Orleans re-
ports only a fair volume of business, less
than was expected.
r. G. Dunn & Co., in their weekly review
1f trade, will say tomorrow: "A bust
ness flood so strong and rapid that the
fear it may do harm. is out
# season in July. But the seasons this
fear lap over and crowd each other. May
lrosts and frights, it is now evident kept
back much business that would not nat
urally have been finished before midsum-
lner, and the delayed elimination of one
season gets in the way of efforts to be-
BIN another on time. But the volume OF
business, however it may be measured, is
lamarkably large for the month.
Cotton has not changed, though specu-
lation still turns wholly on prospects. re-
gardless of the enormous stocks carried
Dyer. In Europe the manufacture lags,
but here is satisfactory.
Buying by wool manufacturers is al
ready affected and at the prices now asked
for wool some manufacturers are doubling
whether corresponding value for goods
can be realized. Opening prices for many
light weight goods show great irregularity.
perhaps a majority being on a par with
last year. but some lower and some higher.
Cotton goods continue active and
Strong, with comparatively little difficulty
as to labor. The northern mills have taken
q little over 900 bales in the past three
months, since cotton was below cents, but
with cotton bought cheap for five months
ahead, they are able to do. good BUSH
hess.
1T is not the season for activity in boots
and shoes, and orders have fallen Oft.
prices of shoes. leather and hides are as
stiff as ever
Foreign trade is not quite encouraging,
the exports for July showing a large de-
crease.
The failure for the first four days of
July show liabilities of 81, 25s, 500, of which
S5S6,43 were of manufacturing and $702, CSC
of trading concerns. The failures this
week have been 253 in the United States,
against 247 last year, and So in Canada
against 40 last year.