The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-08-01
NJ CONDITIONS OF TRADE.
-,~11IE REPORTS ARE NOT
"" VERY ENCOURAGING

. Light and Earlier Orders
sl''- Reen Cancelled on Account
n-,-,-omfsinE CROP Prospects In
% Plaees-Dunn says the Con-
of Trade Have Improved
trade itself Has Not.
v,-z July S1--Bradstreets to-
~ ,.r / will say: Political uneer-
me- -,,rfnues 10 exert an unfavoraole
ia'- ~ trade. and the dullness in IN
e-7- and commercial lines is OF more
-..-,sl midsummer proportions Mef-
--edirs are more closely scanned
CAM any instances shortened. Coun-
am ---.bsnts in Northern Louisiana ana
N' -, Arkansas have cancelled orders
~ delivery in some cases, owing TO
io- -. - IN trade of the drought there.
' --5sstrial situation is less favora-
,-,org manufacturers of iron and
- Re REGARDED as serious in some
So ,,i,r TO the surprising falling on
- ma Curtailment of production Of
80 fabrics continues, yet fau pur-
' .-sss If prints are of small volume and
4 an 10 sustain quotations.
-, .omplaint Of the condition of trade
'-..t.s,bla ut Baltimore, with a less IA
20, trade among jobbers. because
-. merchants have delayed purchases
~ charleston for similar reasons.
-..a-..s has been restricted at Augusta
,,t-ville because of the long con-
.i7,.d intense heat, and at chicago ana
Z. 1o1|s smaller orders and an uneX-
-..,s5 depression prove the rule. Favor-
.5zrs ara received from Omaha,
aoll ID shows Improvement because
Lent rains which have assured GOOD
80 throughout Nebraska, ana from
csi,sst.u. where jobOers report improve
I'M due to ths Favorable crop outieoA.
General trade throughout the Cahaulah
5,,,,iri5n remains quiet and dun Col
.,5 V-ooleu mills throughout the do
r9infoD are running on short time, yet
49, arf. accumulating. There are thirty
ssrau business failures reported from the
Canadian dominion this week, SIX more
than last week.
N-su, York. July Sl.-R. G. Dun & Co,
g., tbair weekly review of trade tomorrow,
viii San: business conditions nave clear
~ imnT0ved though business has not. II
: +bs toruid season and better prospects
have little effect, as yet. Cold exports
have been stopped and foreign advices are
NOR. promising as respects an early anu
ii~rs demand Tor American products. The.
0Uerauons Of foreigners in the stock mar
hi have reflected little beyond the
troubles Of SPECTATORS at the London set
dement's and varying degrees Of ignorance
lbo8t American affairs. The prospect Tor
4rze crops OF cotton and corn is still eN-
celalt and neither movements or wheat
nor markets give COuntenauce to low eStl-
mates Several weeks of extremely slack
demand for cotton goods have brought a
further reduction in print cloths to Z.42c,
instead of the advance expected in conse-
quence of the stOppage or 4UOWo
spindles, but prints are selling more tree-
IL. while brown and bleached goods are
dun except for export kinds.
Tho wooden mills do not gain, light
weights opening 8 to ~ per cent. lower
in price than last year, and sales OF
wool now reported are less than quarter
Of full week s consumption. Orders
taken In light weight have been very few,
and for low priced goods.
The boot and shoe industry has secured
slight further advances from the lowest
point, in brOgans and calf boots and
Shoes but new orders are Scanty, the
more because the permanence of the, ad-
vance is questioned, Leather is stubborn
~ held without change in prices, and in
some grades is really scarce, although
manufacturers are buying only for actual
needs, but hides have turned downward
sharply at Chicago declining per cent.
on account of heavy accommodations.
The iron industry is helped but little
by the settlement which gives puddlers
or the Ohio region 50 cents
advance In wages, because the
demand Is so slight that few
mills can run, and the associations price
Is ~ cents, while steel bars are now being
sold al less than LOS cents. A ray of en-
enlargement comes to rail mills two
considerable sales having been made, 20. %
NV tons TO a New England road and lO. 600
by the New Premier Steel Company of
indianapolis. But otherwise sales are
small.
Trade in wire nails has been so light
that even the trifiing allotment of 65, 600
Kegs for July is supposed to have ex-
ceeded sales, and the association is in
session at Boston to consider the matter
Inc billet pool has been constantly under-
soiq by middlemen in open hearth steel.
ana had a session yesterday at which
lle reduction Of prices was DESTROYED
Many contracts for structural works are
Aeid back, and there is very little done
IN that line, and orders for pipe are
scarce 1t is not strange that pig is weak.
bessemer being s1l.50 at Pittsburg ana
southern somewhat lower at the east
me volume Of domestic trade, Judging
HVIl exchanges, has been small even for
EuGauIhIner. 1t is not surprising thar
.S1ufes nave been considerable in magni-
Jus ana IN the twenty-three days OF
suly aeIaulted liabilities were 81, O69, 4Si.
1salHst " 552 III in twenty-five DAYS last
:gdt. Falures for the week have been
81 IN the United States, against 261 last
W. 49, ana ~ IN Canada, against Is LAST