The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-07-27
IN MAKING MUCH MONEY.
-s,xrss INTERESTINGLY GOOD FOR
MIDSUMMER.

..,ntiIe Collections Growing
..f.r-No Change For the Worse
.orted From Any section of the
ID sfates-Fnir Orders ReceIv-
~, Jobbers in New YOrk-Drum-
-s on the Road Sending in Good
Reports.
- York. July 26.-Bradstreets to-
INV will say: The most striking fea-
~ the business week are the in
---s OF improved crop prospects and
.,rfinued large demands for iron and
with one Of the largest makers in
market as a buyer Of Bessemer pig.
,rs- Of the commercial and industrial
.-r-ss Of the preceding week are re-
1sL
eT'- volume Of trade has not varied ma
..,,Iv. but in instances is larger than
"a corresponding period last year. Trade
almost all lines is fairly active for the
..ss,u. and the general tendency OF mer-
,r-le collections is toward greater ease.
commercial travellers are being sent out
all the leading lines and reports from
..3se now on the road appear TO meet ex-
e-ations. Among the larger eastern cities
!, striking changes in the condition of
s4e are reported. with the exception of
i, Improvement in industrial lines, and in
IL lake trade at Buffalo. and rather
mailer volume of business reported from
XBaldmore.
~Pit.sburg iron furnaces are sold a
month ahead. and at Philadelphia the
strike among the textile workers remains
8 sas.,tied.
I central western cities. among them
&reyeland. Detroit, Cincinnati and Louis
q vile. report the usual volume of midsum-
ner business, with perhaps more activ-
a ,y relatively at Louisville. where the ques-
ton Of suspending the production of whis-
H Ks is being discussed.
q "Fair orders are being received by job
q hers and merchants al both Chicago and
ST. Louis. but no pronounced revival in
4 the demand for fall delivery is expected
. there until after Aug !, country merchants
,reterring to await corn crop prospects at
4 iron and steel industries there are refus-
. hg orders except at full prices.
"A fair business is reported from Kan
as City, although needed rains through
tlt Kansas are expected 10 improve the
demand IN the near future. Excellent crop
prospects in Nebraska have resulted in
more activity at Omaha, where trade in
some lines is in excess Of that Of 1894.
AT northwestern cities-Milwaukee
Duluth. Minneapolis, ST. Paul and Sioux
|Taus-thcre is the customary volume of
midsummer business. with prospects for
i greatly improved fall trade.
THE feature of the week in the south
IS the rather more satisfactory reports
from Memphis. Chattanooga, Augusta and
Galveston. where orders have been re-
r-ved in some instances in excess of ex-
|yectations, and the volume of business
larger than at the corresponding period
last year.
AT such points as Charleston, Savan-
nah and New Orleans, no material change
is reported. as compared with a week ago,
and the like is true at birmingham.
atlanta reports rather less doing in dry
goods, notions and groceries, but that the
outlook for trade this fall is good.
The volume of business has fallen off at
Jacksonville.
The most disturbing influence in Louis
lana Is the Withholding Of the payment
Of the sugar bounty.
The total number Of business failures
IN the United States this week. as re-
ported to Bradstreets is 237. Last week
the total was PA, and in the week year
ago it was 237.'
r. G. Dun & Co. in their weekly review
Of trade tomorrow will say: 1T is not
iaa season for the tide of business to rise,
but there is perceived scarcely any shrink
age except that which comes naturally
with the midsummer heat. The lateness
Of the spring trade threw heavy settle
uants into the second week of July, and
clearing house payments are now almost
0ne-quarter smaller than in that week,
but are Pill larger than last year, and only
per cent. smaller than in the same week
Of 1872. The volume of new business is
small compared with recent months, but
large enough to encourage more opening
O. long-closed works, and more advances
il returns of labor. Important strikes
show that the advance is not enough for
s0me but seem not more threatening than
d week ago. Some shipments of gold
count for nothing, and the money markets
are undisturbed
The prices of iron and steel products
still rise, the feature this week being the
startling advance of 80 cents per key in
CUT and wire nails, with new cdTUs LOT
various sizes, which, it is stated, make
he advance actually greater than II ap-
pears
Textile works have a better outlook,
With larger demand, both for cotton and
wooden goods, a shade advance in print
cloth, and in most bleached goods,
and more hopeful market for light
weight woolens, which is scarcely advanc-
el beyond last years prices, are on the
Whole selling better.
The financial situation is not disturbed
by the gold shipments, nor by the large
excess of treasury expenditures, amount
ing TO about $l2,30o,OOO. The receipts are
naturally better in July than in most other
months, but the expenses are also large.
Money scarcely begins to go out for crop
moving and the demand for commercial
.oans is not as large locally as 1t should
The failures for seventeen days of July
snow liabilities of Sc, 599,751. of which
Si.@3, 52S were of manufacturing and SS,S24'-
al Of trading concerns. A year ago cores
londing reports covered Sc, 81 696, Of which
t5,9's, S3S were of manufacturing and S2,4SS,
VII OF trading concerns.
Iae failures for the week were 2O2 in
le lnited States, against 249 last year,
ana z in Canada, against 80 last year"
MASSEY'S LIBEL SUIT.