The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-08-29
YELLOW, BUT NOT JAUNDlCED.
.o,D IMPORTS LEND COLOR TO
THE. TaADE REPORTS.


,-.ssrreet says That Twenty-Five
,u,Iion Dollars VIII BE Brought
o,-er-FaiIures Have Been Many
- Nancy Is Hard to Get-IrOn
r,ts a Dull Market, But Cotton
II Western Products Show More
Activity
xsw York Aug. &.-Bradstreet's to
--.--,V will say: The volume of general
,-..5,szs has not increased within the
- The exceptions appear to be at
-,-.-.--ors Louisville and Kansas City.
---..7 send out more favorable reports as
che Quantities Of general merchandise
-o,s man any other center. The early
,,orsnsnt Of crops is said TO be behind
.ts increased orders. Another encourag-
t-- irAuence is found in lower rates for
.,-stan exchange. the movement of $lO,-
o.o,.. I'm gold from abroad to the United
s.sres and the expression of opinion that
mn, less than S25OO0,OOO in gold is to be
Unmarried in the near future.
CONSPICUOUS among the checks TO trade
are The greatly increased firmness of
-ro7sv At nearly all the financial centers.
AZ lie the case at New York, banks III
almost all the larger cities report the
ui-bdrawaIs of deposits, in many in
s,.roes bv country banks; higher rates
f,- call loans, and at some points the
n-actical refusal to make time loans. The
rse,rar rates of discount are no higher
st Pittsburg, Baltimore, Atlanta, Louis
Vile Nashville, Omaha and Kansas City,
b1+ only regular patrons are being ac-
cornodated Rates at New York, Bos-
ton Providence, Buffalo. Chicago, St.
Tolis Detroit, St. Paul, Minneapolis
DuIuth and Charleston are all higher,
with regular customers receiving better
than published rates. The demand Tor
funds TO move cotton at the south and
southwest. and wheat west and northwest,
with the tying up in a speculative deal OF
several millions belonging to Chicago
hanks. intensihes the relative difficulty
in securing funds.
Jobbers and manufacturers report no
general increase in the demand for staple
merchandise. The tendency of the former
is 10 let the latter carry stocks, ana OF
the latter to cut down the production I'M
til the scarcity compels freer purchases by
wholesalers The trade opinion is that
little gain in business need be expected
until after the election. Merchants in re-
gions where cotton and new wheat are
moving freely are some what more hopeful
as 10 prospects.
The bank clearings total continue to
range at low levels. the aggregate for the
six business days ending Aug. q being
S74s 600 Co., nearly s per cent. less than
last week and Is per cent. less than in the
fourth week of August 1895.
The record of this weeks business fall
ures in the United States shows a large
increase over last week. 800 compared with
264, a gain of "a. Compared with the week
year ago the increase is 100.
The general tendency of the prices of
staples continues downward, the excep-
tons being the advances for print cloths,
wheat sugar, and anthracite coal.
New York, Aug. 2S.-R G. Dun & Co.
will say tomorrow in their weekly re-
view of trade:
Failures for the week have been 2SS in
the United States against 1856 last year.
and 80 in Canada. against AZ last year.
Clearing house certificates have not been
issued, but instead gold is coming hither
largely on the swiftest steamers, about
100000 being already on the way. High
er lending rates bring it, Notwithstanding
foreign events which disturb London mar
kets, and the growing confidence in the
monetary future of the country helps The
shrinkage of merchandise imports and
the increase Of exports also helps. These
tendencies all help to lessen the strain
Liabilities in failures for the three weeks
ending Aug. 20. were $50 932, 2S5, against
S6,5lS'S66 last year, and SS.2l4,470 in 1894
The stoppage of Hilton, Hughes & Co
this week is, of course, not included in
these figures.
The stoppage of works also continues
including among other iron concerns, the
Illinois steel plant at Hammond, Ind, and
the lake nail works there. The disrup-
ton of the tinplate association results
from inability of many concerns to go on
paying the wages demanded, and it will
presumably be followed by the stoppag pc
OF some. Other iron works are getting
very light new business, and there is so
Attle doing that quotations are almost
nominal. Grey forge has sold for 50 %
at Pittsburg, but it is said that specula-
i've purchases amounting to 100, 900 tons
o. VI pig nave relieved the Chicago market
Inc billet pool in such iron at Cresson.
Yesterday, was expected to change it's
Ddsls ana nix prices on open hearth steel.
Inc coke production at ConnellsviIle de-
creased 10000 tons last week. and further
decrease is being made. Anthracite has
again been advanced % cents to take eff
feet Sept /
Tn, The boot and shoe shipments continue
large. New business is scarce, no gain is
seen in the demand for wooden goods
lotion shows stronger tone, and in a
lew qualities slightly better prices. but
IIe ehange has been in selling from store,
without disposition to order ahead of
current wants
SPECULATION in products caused an ad-
800 Oh 10 cents in wheat but by Thurs
Jay IL had been lost. only to rise again
ana close at nearly the top. Heavy west
yin receipts continue, low as prices are.