The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-08-22
88ADSTREET RATHER BLUE.
80 THINKS TRADE SHOULD he
BETTER THAN 1T IS.


r,l.es n More Hopeful View on
,ccount of the Importation of
I'D in the Face of Political EX-
cement. which Means That We
a.. selling More Than We Are
u,,inx-southern Farm Products
=. nringIng the Gold and the
so,t6 Is Doing the Business.
- York. Aug. 21.-Bradstreet to-
-.,-,,v- will say: General trade through
--.- che United states is practically con-
-. ~ staple lines The volume Of bus
80 is no larger The feature Of the
- is increased difficulty in making col
rs.-fops and the higher rates for mer-
.,,,ile discounts. Credits are being
-..-re5 more closely than heretofore and
---,n-e5 less freely. Chicago bankers are
slow 10 make loans except to move the
-,s and Chicago bank deposits are de-
Using. At Buffalo. Pittsburg, Charles
IN, Cincinnati and Galveston mercantile
elections are slower than before. Bus
,-szs in South Carolina is retarded by the
s-,rgbt and in Northern Louisiana,
s,ytbern Arkansas, and Mississippi the
5-7longed drought has interfered with
business so seriously in some sections that
il amounts to a calamity
The total of business failures in the
r-ni-ed States was 24O for this week, six
more than last week, and seventy-two
more than in the week one year ago. Bank
cIearings throughout the United States
ar,ount to only $S13OOO,OOO this week, al
nos, exactly the same total reported for
the third week Of August, 1894. when the
volume of trade was very small Compar-
cd with last week, the weeks total shows
q. decrease Of AZ per cent, and contrasted
with the week one year ago, the falling
off is almost 10 per cent
More favorable trade advices are re-
ceiyed from Baltimore. where bust
ness is satisfactory, with better
southern purchases, based on the
early cotton crop. Among SOUTH
ern cities Atlanta is conspicuous
for its better trade. Southern and south
western buyers have appeared in st. Louis
and are buying with moderate freedom
for fall wants. Kansas City jobbers report
good sales in all lines, and that rains have
assured large and fruitful crops to Kan
sas. At St. Paul there is better de-
mand for hardware, groceries and dry
goods.
The New York market is duh and spec
ulation is entirely professional The gold
imports announced thus far amount TO
over S2,5O00OO."
New York, Aug. A.-R. G. Dun & Co.
will say tomorrow in their weekly review
of trade;
Failures for the week have been go in
the United States, against 200 last year,
and q in Canada, against 4S last year.
political events of the week had no
definite influence upon business prospects,
for the phenomenal variations in ster-
ling exchange, and the beginning of i'm
ports of gold. although following the
great meeting in Madison Square Garden
on Tuesday, may be fairly attributed to
the accommodating excess of merchandise
exports over imports, to which attention
has been repeatedly called, exports from
New York for the past two weeks having
been 20 per cent. larger and imports here
p per cent. smaller than last year. The
rapid movement of grain and usually
early marketing of cotton tends strongly
to aid the banking syndicate which has
uiAtA Ahhtu u ItBuldAG LOIelEu exchanges.
Withdrawals Of money to the interior
are rather large, and commercial loans
are hard to place, and this difficulty
checks many new enterprises and bust
ness in many departments. Bank clear
ings are small, for the week Is per cent
less than last year. Railroad earnings
are not as good as might be expected for
the first half of August exceeding those
OF last year by only 3.4 per cent The
boot and shoe industry is rapidly nearing
the end of past orders, excepting in wo-
mems plain and button shoes, of which
there are still orders for some weeks to
come, while others are constantly receiv-
ed, but in other branches the new BUSH
ness is light. Prices are shade weaker
Leather is weaker, with a small demand.
although restricted supplies have caused
a shade advance in some kinds Hides
at chicago averaged more than per cent
lower for the week, the fall in the past
hVe weeks having averaged about % per
cent.
The iron and steel manufacturing has
only continued depression to report- and
Bessemer pig has sold at 5000 at PITTS
burg, while Southern No. l offered At
prices equivalent to $40 at New York
and nearly all finished products are he
ing sold below the current quotations
Ihere Is rapid curtailment of Droduc-
uoh' out in spite of this the supply of
PiOuuNls appears TO greatly eX-
Ceed the demand for them. The one
Dright spot is sale of 5000 tons of steel
rams to Japan for rehtting RAILWAYS in
mat country, which makes an aegregate
oL 42'Voo tons exported during the year.
Nothlng encouraging can vet be said
Iegardlng the wooden manufacture and
lne demand for goods, which even at
recent reductions in prices, is still disap-
pSeintlngly small. A heavy auction sale
Coutoh goods brought prices which
We're considered quite encouraeine ana
ne current demand is fairly maintained
aionough the mills are not inclined to
t fd large contracts for the future in
t easo VI OF the rise in the raw material. In
bbraeIal the working force in textile
c cra1icnes does not appear to have in