The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-07-20
! BUSINESS PROSPECTS BRIGHT.
TRANSACTIONS FAR IN EXCESS OF
A YEAR AGO.

The Showing Highly Gratifying
when the Fact Is Considered That
IL Is Made I'm the Face of the
Usual Midsummer DuIIness I'm All
Lines Of TrRde-Further Improves
mcnt shown All over the south.
New York. July I9.-Bradstreets to-
morrow will say: IAN the previously re-
ported favorable industrial and CONNER
cial features are continued this week.
the endurance Of the revival In demand
for iron and steel. the further advance
in prices Of the same and additional In
crease OF wages Of industrial employees,
being the most significant.
Notwithstanding the season Of mid
sumner quiet in some lines OF general
trade, the volume OF general business
throughout the country is largely In excess
Of that Of ono year ago.
"The bank clearings totals recede a lit
tie from last weeks extraordinary large
aggregate. the amount being 81 .029 10000
this week. falling of of 10 per cent. from
last week, but an increase Of 25 per cent.
over the total in the like week of 1884,
But the record Of prices is OF greater
hImness than even that shown by tho
cleanngs. the only decreases Of imports
ance noted being in wheat, -four. corn.
cotton and lard.
Merchants at almost all the larger cit.
les are preparing to send out travellers and
until they begin 20 exhibit results no ex-
act estimate OF how fall trade will open
can be prepared. At Boston, Philadelphia
and Baltimore. among eastern cities. note
worthy gains In the sales of staples ara
announced.
Reports from southern cities show
| further improvement, the gains this week
| being more marked than in like period
for months before.
| Country merchants in South Carolina
| are much encouraged with the crop out
| look, as the demand Is fair and prices tend
| upwards.
! Like reports come from Augusta, and
| In Texas cotton buyers have begun to
make their presence felt.
| Delayed payment OF sugar bounties
| checks trade In the Louisiana sugar dis
tricts. The volume Of trade is smaller at
| Jacksonville"
| OF trade tomorrow win say: '"The weeks
news is not entirely encouraging. but Is
/ all the more natural because there are
signs Of midsummer dullness. The wheat
| prospects are not quite as good as last
| week, but still there are lower prices az
| corn and cotton have been lowered The
| exports Of gold and the less favorable
| treasury returns for July are not unex-
| pected and mean nothing as to coming
| business, There is a perceptible decrease
in the demand for most manufactured
| products and the actual distribution to
| consumers naturally lessons In midsum-
| mer.
There are still numerous advances in
wages, but strikes grow more numerous
and important.
Money is still abundant, and while
| there Is much more activity In CONNER
/ cial loans, II Is not what would appear
If all the industries were fully employed.
| The volume Of exchanges continues near
| ly as large as in 1892, because Of the delay
| In spring operations and though rapidly
/ shrinking to summer proportions is H.0
| per cent. larger than last year.
THE future turns on crops and the
| markets reflect a prevailing belief that
| the crops are to be fair. The stocks car
| ried over are such that yield of 100000
bales of cotton and 420000,000 bushels II
| wheat would meet all needs, but lower
| prices prophecy large yields, and of corn
probably the largest on record.
! THE western receipts OF wheat, not
half last years, express disappointment
at prices, while exports for the week,
about a quarter of last years, show that
| foreign dealers reason regarding the Sit
Lation with anxiety. Nor do British ac-
counts Indicate any anxiety about cotton.
while efforts are reported by some Amer
| lean mills TO sell part of the large stocks
| taken some months ago, apparently ex-
1 ceeding their needs for the year. If un-
| favorable TO some spectators. these are
cheering Indications. for 1t is better to
have fair crops than to get higher prices
| for what remains.
| THE failures for the week have been
| 256 in the United States, against 236 last
year, and 80 in Canada, against "A last
| year."