The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-05-22
TRADE IMPROVES A TRIFLE.
A TENDENCY TO INCREASE FELT
AT SEVERAL CITIES.

New orIeanS-Increased sales Also
Reported at Milwaukee, Omaha,
Chicago and 1T. LOuis-An Increase
I'm the Exports of Wheat-FniIures
About NormHI-Prices Not Upward
i'm Tendency.
New York, May 21.-Bradstreets to-mor-
row will say: The sight Improvement in
trade is in the tendency of business to in
crease at a few cities in the northwest,
on the pacific coast and in the South At
lantic and Gulf states. There is increased
buying at Baltimore. Atlanta, Birming-
ham and New Orleans, where trade has
revived, on the announcement that north
ern Louisiana. Mississippi and Arkansas
flooded districts are being placed under
cultivation, and that the damage done is
less than expected.
There are increased sales at AInwua-
kee, Omaha, Chicago and St. Louis, and
exports of general merchandise and lum-
Der from San Francisco having increased.
Advices from California are that lack of
seasonable rains and long continued dry
winds have injured the wheat and fruit
CROPS
Larger eastern centers report the move
meut of merchandise slow and trade dull.
The season is so far advanced that no
general gain is looked for till after the
fall buying sets in.
THE usual industries, notably clothing,
mining, iron and steel, and manufactur-
ers of woolens, are wen stocked with raw
material, but owing to slowness of orders,
prices are easier. Makers of cotton goods
are at a disadvantage, owing to the rela-
lively high price of cotton and the in
crease in the production of products.
There is no gain in the demand for iron
and Steel prices for which continue low.
The report that the steel rail- billet and
wire nail makers are seeking to form
pool to advance prices is not confirmed.
Exports of wheat -four included, from
both coasts of the United States and from
Montreal this week, amount to 1855 S62
bushels. compared with 2,1S9OOO bushels
last week. 1,9O6OOO bushels in the week
year ago, 2,7540O0 bushels two years ago.
and 100000 bushels three years ago. and
as contrasted with g. 10000 bushels in the
like week of 1898.
Exports of Indian corn amount to g.
1908 bushels, compared with 3096.0OO
week year ago, 10000 in the week two
years ago, 507, goo bushels three years ago,
and as contrasted with 765, 600 bushels in
the like week of 1898.
There were 245 business failures
throughout the United States last week,
which is not IA from what may be called
the normal. This total is compared with
PSI last week, ZIG in the third week OF May,
1895, BOG i'm the like week of 1895 2S7 in
1894, and 247 in the corresponding week of
1888. There are twenty-one business fail
ures reported for the Dominion of Canada
this week. compared with thirty-one last
week and twenty-eght last year"
New York, May 21.-R. G.. Dun & Co.'S
weekly review of trade tomorrow will
says: "Unmistakable evidence of improve
ment comes in the general increase of
commercial loans mostly for eastern mer-
chants or companies, though some houses
inthe middle states appear with consid-
cradle re-discounts from the south. Not
for long time have commercial loans
been fun half the whole. The distinct
change gives proof that new business has
been larger than many have supposed.
Receipts of money from the interior ex-
coed shipments Sl.50000O, mostly from the
middle west. Exports of gold have no in
iluence, and only signify the willingness
of Russia TO pay a price for the gold
needed. The excess of merchandise i'm
ports to answer demands for half a year
Involves greater excess of exports when
the anticipated gold movement ends and
the crops begin to move, which fact rem
ders large outgoing of gold less likely and
gives the country stronger position in
International markets. Meanwhile there
is a continuing increase, distinct though
gradual, in the volume of business in de-
mand for products of manufacture and
considering the time Of year, in the move
ment of grain and product.
Western wheat receipts exceed last
years for the week 2,Ss4,1S9 bushels.
against l,73S, 1856, and the Atlantic exports
were 1670.SlS bushels, flour included,
against 1902, 49l last year. and for three
weeks 4,77S722, against 3,3S5,9l0 for The
same period last year. Western receipts
Of corn were 1,655,67 bushels against
1,49560, and Atlantic exports PISS S25,
against l.60S,74S hst year, notwithstand-
ing the enormous Increase hitherto. Wheat
again cheated hopeful buyers and fell
nearly &c, closing nearly 3l5c lower for the
week Corn was shade weaker.
Cotton once more hopefully advanced
TO 75sc, but fell back to 724c with poor
support here or abroad
Both the volume of stocks and the con-
dition of domestic and foreign markets for
goods hinder an advance, and later acre.
age reports are better.
''Tho iron industry has quite an Increase
In new business, though not in all
branches. Part was due TO the rupture
Of the steel beam pool and the fan in price
from l.55 to $l.25. nominally quoted, and
some good structural contracts were at
once secured. There is also some Increase
In rods, though the season for wire and
nails is nearing an end. because OF an eN-
pected pool in rod mills. Low southern
freight rates marketed a little more iron
at the northern and eastern foundries.
slightly lower for greyforge, which Is only
S.25 at Pittsburg. The Carnegie works
are now turning out 5000 tons OF rails
daily. nearly all on old orders. and ex-
ports OF finished products are increa slur.
Sales of copper, said to be nearly 6O.OOo ODO
pounds, have stiffened the price 10 filsc
for Lake, and tin rose 10 i3hc. IN spite
OF large arrivals though lead was weaker
and Tin plates az $40. Coke Is also a
shade lower.
sales Of wool decrease, though sim
greater than when all the mills We're busy
nut manufacturers are doing scarcely any.
tning, most OF their possible demand FOR
months ahead having been supplied. West
ern holders begin TO offer az 1 20 fibc
lower Than Of late. Wooden goods are