The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-08-03
TRADE ON AN UPWARD TREND.
,-,,r VOLUME LARGER IN MANY
INES AND AT MANY POINTS.

inns AND - AA-hN AOAN
pu.b of Orders for Steel and Iron.
-. confidence Placed in the Ru-
mars of Serious Damage TO Spring
vest buying Much More Freely.
r-,de still of Moderate Volume in
tbe south.
>-sv york. Aug 2-Bradstreet's to-
\ -r,V viii say: THE week presents a
-.rgar volume of trade in many lines and
4 :. many points than in the weeks before
.-s one year ago. The rush OF orders for
stesl and iron leads in interest. display
.rr remarkable strength. Western manu-
f,rtarars have been obliged to purchase
EASTERN biHets 10 meet their orders.
less confidence is placed in last week s
--rors Of serious damage 10 the spring
wheat crop in Minnesota and the Dako-
as
. another conspicuous feature Of the
vsak is the evidence of reviving conf
5.n.e on the part of the western and
rthwestern interior merchants, now
that the corn and spring wheat crops
1-omise wen. This is shown plainest at
. Cbieago. St. Louis, Milwaukee and St.
Paul where the order demand and sales
"a buyers in person have increased to a
"A striking extent.
AT the south general trade remains of
moderate volume, as previously noted
. Nashville and Galveston report material
gains.
There is a better outlook and feeling
4 &. Charleston. but elsewhere, midsummer
Qaet rules.
All the mills are busy at Augusta.
The delay in paying the sugar bounty
afects trade very unfavorably in Louis
Fl ana. At larger eastern centers there are
changes beyond a better demand in
aaIing staple lines at Baltimore, New
York and Boston, based on improving in
a erior demand for fall delivery.
The general industrial situation is
mewhat improved through the probable
iccess of the striking New York tailors
hs end of the stock of the Cleveland wire
drawers, continued frequent advances of
wages, starting up Of new manufacturing
# rerprises and a further increase in de-
band Tor leading manufactured staples,
ltahly in iron and steel. At Chicago coke
I'd big iron manufacturers have been re-
N using orders.
There are 221 failures in business re-
"a Jrted TO Bradstreet this week, as COM
red with 2S9 throughout the United
Sates last week, 220 in the week one
Par ago and 459 in the corresponding
Faek of 1898. In the like week of 1892 the
otal was only 49,
Il x. G. Dun q Co., in their weekly review
trade tomorrow, will say: The year s
usiness will be much affected by the
props and the most hopeful estimate falls
low a full yield, except for corn. Larg-
r stocks than were Immediately wanted
ave been taken by traders, as prices
yere advancing and these tend to limit
.ure orders. The general advance in
nany products also causes reluctance to
ID urchase. and the distribution of the past
alf year has been in part to make up for
Ii ocks and individual supplies depleted
&luring two years OF economy. On the
II TIER hand, there has been an enormous
Increase in the working wages paid,
(Which enables people to buy more freely.
"A apprehension of money disturbance has
ZEN quite pushed aside. Strikes Of some
Importance appear, but do not yet threat
to last long. though a strike of coal
miners may for a time affect business
mewhat extensively The hopeful spirit
8 eya!ling in nearly all markets may find
warrant in spite of some shortage in
r0ps.
All the indications show midsummer
sstude. For the first time since the
Sc in prices of iron products began, there
lave been some concessions TO retain
asness, and efforts of new works q
et orders tend to check the advance. In
gi,e of this, the general average Of prices
a shade higher, bar having risen rela-
lively more than mill iron has declined
The market for pig iron is quiet and or
be whole remarkably strong, with The
uspect of increased output. -Finishe'
loducts are generally strong. with more
emand than can at present be met.
The business in cotton goods has beer
Die largest in July for several years
sckoning deliveries, but not large as L
eW orders. A further advance of one
aarter cent per yard has been made, wit;
moderate demand for some beache,
nd brown goods, and prices are firm
for sheets and drills. while colored cot
ms are quiet with occasional advances
The demand for mems woollens has beer
active, with some disappointment oh
5ryable, while worsteds have sold rela
yey better.
The failures for the twenty-five day
July have been smaller in liabilitie
han year ago, amounting to $500, 721
which S2,021,s22 were of manufacturing
al $685. 500 of trading concerns, whil
r. liabilities last year were $90l6,77S. o
hieh Si,500.520 were of manufacturing an,
tSl.09l of trading concerns.
The failures for the week have beel
Vi in the United States, against g
ast year, and % in Canada, against
aSt year"
BISHOP BECKER BACK,