The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-07-11
SLOW ON ACCOUNT OF SILVER.
BUSINESS OF ALL KINDS HURT BH
THE CRAZE.

BUSINESS OF ALL KINDS HURT BY
THE CRAZE.
uIative or Other Markets. but n
Feeling Of Uncertainty in the Air.
A Prospect for Large Cotton
Crop Not Favorable 10 Higher
Prices.
New York. July 11-R- c. Dunn e. Co.
viii say tomorrow. IN their weekly re-
view Of trade. The failures of the week
have been zl5 IN the United States against
% last year. and g in Canada against .
last year.
with a political convention IN progress
directly antagonizing me position taken
on the money question by the republican
convention last month. there has been
with many enough uncertainty about the
future 10 intensity the dullness expected at
this season. Wall street exhibited no ex-
element though stocks were weaker on
Thursday and closed lower for the week,
3 cents per share for rails but trusts rose
IS points. nor were there signs OF alarm
IN the speculative markets or monetary
articles. But iu stocks and In other bush
ness the week was one OF waiting with
somewhat prevalent feeling Of Insecurity.
Serious apprehension regarding the IN
Jury by drought 90 cotton IN Texas seem
ed justified bN some dispatches puDlf9 lrd
last week. so that telegraphic adv.Ces OF
somewhat general rain IN the state is wei
come. V neither IL T. IN season or sufficient
10 ensure a satisfactory yield cannot De
definitely known, nor the extent OF injury
said 20 have been done by excessive rains
IN some Atlantic States. But with the large
increase Of acreage yield Of a. least far
proportions seems 10 be probable, and In
view OF heavy stocks carried In mills and
the markets here and abroad. mills clos
ing quite extensively 10 permit lightning
OF accumulated stocks OF goods. a large
yield could hardly prove most beneficial TO
the producers.
Large sales Of print cloths are re-
ported at 2zc, slightly above the bottom
price. but other goods have not yet ~been
strengthened Nor have wooden goods i'm
proved. but the tone is rather less hope
1ui and the demand for goods is even more
slack than was expected
Not much can be said OF a market so
fiat as that OF iron and steel products,
but part Of the inactivity is strictly sea-
eonable part Is due TO still unsettled ques-
tons about wages. and much more 10 a
general disposition 10 defer orders until
the future Is clearer. Whether prices for
finished products are too high OF not they
average relatively at least ten per cent.
higher than prices OF pig iron, which nee
essariiy causes inactiOn when pig Is go
ing lower. Bessemer fell this week to
So at Pittsburg. and Grey Forge to $40.
but some contracts Of importance have
been placed, one for 1900 TO 5000 tons for
q new building on Park Row, and anoth-
er for 1900 tons cast pipe for Fifth Ave-
nue. Is pending. Quotations for finished
products are not lower, but are some times
cut
New York, July 1O.-Bradstreets review
of trade tomorrow will say: The usual
midsummer dullness in the general mer-
chandise markets has been emphasized
by unfortunate weather. by uneasiness at
the attitude of the Chicago platform to-
ward the finances of the country, and by
the continued cOnserva tism with which
merchants continue TO supply their wants.
The volume OF business appears smaller
than last week Mercantile collections
are most unsatisfactory, and there is a
disposition among jobbers TO look more
closely after credits.
Wool is stin further depressed, with
not enough business to establish quota
lions. There is no improvement in the de-
mand for fall business in woolens.
The iron and steel industries report a
reduced demand, even after the greatly
restricted output, with prices practically
unchanged, and little prospects for a re-
vivai for some time. A portion of the
recent activity among shoe manufacturers
stin continues, but the tendency is TO
fall OF. Notwithstanding rains in Texas
THE cotton crop there is suffering from
Euc eHects OF 9rOuBlus Wullc IN south
Carolina too much rain has fallen for the
good OF the crops.
Pittsburg. St Paul and Savannah all
report .. smaller volume of business. and
complaints are heard as to the prospect Is
OF the wheat crop on the Pacific coast
Among two dozen staple articles, the
prices Of which form a guage Of the
general tendency 81 values, only one
print cloths, shows an advance over
last week, coffee. petroleum, iron. steel.
coal and lumber being conspicuous among
these. the prices for hich are unchanged.
THE more encouraging trade features
Include the opening OF new prints for
fall delivery and the Improvement on
the road for travellers Rain has helped
Georgia farmers, and at Philadelphia the
recent brisk demand for boots and shoes
continue. Jobbers at Augusta, Ca, re-
port some Improvement over May and
June, and al Minneapolis merchandise is
moving more freely with fairly satisfact-
AT St. Louis there have been more
orders received for hardware, dry goods
and shoes than anticipated
AT Chicago increases in trade have
been very slight, but at Omaha gains are
noted in the movement of dry goods and
groceries. Relatively. the most favorable
advices come from Baltimore, whose dry
goods 1obbers report statesmen receiving
encouraging orders and whose dealers in
clothing and shoes regard the past three
weeks business as pointing to a better
fan trade than in 1895.
The total number Of business failures
Throughout the United States is 2l9 this
week. a smaller number than in the cor
responding period in each of the three
preceding years. The falling off from
last week is 10"