The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-09-18
TRADES BALANCE THIS WAY.
GOLD COMING IN AND MERCHAN-
Disc GOING OUT.

TO the NFerchantiIe Reviews, In Fa-
Vor of Trade ON This side of the
water Farm Products In Good
Demand-MiIIs Using Large GUAM
titles of COttOn-The stock Market
Has Been Erratic-JObbers Sales
Have Been Large.
New York. Sept. T7.-Bradstreets to-
morrow will say:
Notwithstanding unseasonably warm
weather. and the appearance of yellow
fever in several Gulf states, checking 10
cally the distribution Of merchandise,
business throughout the country has in
creased more than anticipated. The CEN
ter of improvement is Chicago, which
furnishes the most favorable trade report
within five years. Advices from Kansas
City. Omaha, St. Paul and St. Louis also
reflect activity in demand among jobbers
and wholesalers.
"There is a temporary stimulus to busl-
ness at Savannah, owing TO the with
drawal of competition from merchants at
towns now cut off by the fever quaran-
tine Chattanooga, Memphis, Atlanta,
Augusta, Galveston and even St. Louis
anticipate a temporary falling off in bust
ness. owing to the interruption to traffic
in the Gulf states and adjoining territory.
The practical settlement of the bitumi-
nous coal strike, further rising tide of
demand for iron and steel products, the
withdrawal from the market of some man
ufacturers of wooden goods, activity gen
orally among manufacturers of woolens.
extraordinary large bank clearings and re-
ports that mercantile collections have inn
proved, constitute the features of the
week
Wheat exports are very large, and with
one exception (that of the second week Of
September lS9D, are the heaviest on re-
ord The total shipments this week flour
included as wheaO aggregate 6,S79NS
bushels. against 5,461, $50 bushels last week;
8. 500. 326 bushels last year; 2,53S,OS5 bushels
ia the corresponding week in 1890 1855
bushels in 1894; .727,920 bushels in 1893, ana
1874 600 bushels, the heaviest on record, IN
the week of 1891
Corn exports are 100000 bushels smaller
than last week They aggregate 3,9OlOOO
bushels, and compare with $4,000 bushels
last year; 1,6O5,O0 bushels in 1895, 10000
bushels In 1894, and l,l95,555 bushels in 1898.
There are 1863 business failures reported
compared with IT'S last week, Sl5 in the
week year ago, 2lS two years ago, a like
number three years ago and as compared
with 346 in the second week of September,
1888 There are SO business failures report
ed from the Canadian Dominion this week,
against 80 last week and Al in each OF the
corresponding weeks in 1895 and 1885,
New York, Sept 17.-R. G. Dun & Co.'S
weekly review of trade will say in its
issue tomorrow:
1.-THE end of the bituminous coal strike
and the return of many thousand men to
work at advanced wages, adds to the
purchasing power of the people. The an
thracite strike affects not a fifth as many
workers. The starting of many mines
and works, enormous exports of wheat
and corn, the favorable news as to these
crops and cotton, the fall in sterling ex-
change and the report showing that gold
imports begun in August. exceeding ex-
ports by 81, 800, 5S7 while merchandise ex-
ports exceeded imports by $40, 1858, 753 have
all contributed TO forward the improve
ment in business. The replenishment of
stocks cannot be half finished, though
some who could see no sign of improve
ment a few weeks ago are now finding it
so vast and rapid that they fear reaction,
but consumers, as well as dealers, have
also to supply themselves, after years of
enforced economy and. while their pow
er to purchase is increasing every day and
their actual buying at retail, the reasons
for that apprehension are not urgent.
The wheat market has declined over
cents on account of crop reports, which
promise larger prosperity, and corn and
cotton are both a little lower for like
reasons. Yet estimates of the highest
financial authorities regarding require
ments from this country are not smaller,
but larger than before, while better pros
poets in Argentina, Australia and India
hold out no promise of large European
supplies, or of any until winter is about
over. Atlantic exports of wheat, flour in
cluded as wheat. are more than double
last years each week, and In two weeks
S,S203l3 bushels. against 4,lO7, 72l last year,
and of corn 7095,363 bushels, against g.
9S7, S26 last year. From the Pacific coast
wheat is also moving largely twenty-five
cargoes from San Francisco this month
and over 54S $50 bushels in seven days
from Portland. Corn declined over cents
with growing belief that the yield will
surpass estimates. Cotton was depressed
from ~ TO cents with favorable news
of yield, although the mills are now con-
Stunning with great rapidity.
The stock market had another of its
reactions on Monday, but on Tuesday was
higher than ever. The microscopic reac-
tons thus far have been significant. Aft
er the average of sixty active stocks had
risen 81 per share, it fell SO cents in two
days of reaction in June, and then rose
again. After rising S. more it fell II
cents Aug. g. then rose another dollar
and had serious reaction of 90 cents on
the nth. but was higher than ever within
a week. Aug. "A and % it fell 25 cents.
but it then rose s. more. Sept 10 its re-
action averaged 25 cents, and it has since
advanced S1.07.
The iron industry again shows iucreas-
ing demand, and an average of prices
nearly per cent higher due to purchas-
ing by consumers. Buying of 100000 tons
bessemer pig at Pittsburg has advanced
the price to so, gray forge is hard to find
there at $9l5, and billets sell at SIS. so.
With output increased to 122, 431 tons week
w. Connellsville coke advanced to 81 40 for
furnace.
Textile mills are more fully employed
tnan al any other time for years though
new buying has diminished in amount and
though, while the number of orders re-
ceived IS still large, the amount is smaller.
The demand is sull very good for the sea
son, and prices are firm throughout. with
some further advances. Actual buying Of
wool by mills is increasing at all mar
kets, with the belief that foreign sup
plies are short