The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-06-19
DAILY, $40 A YEAR.
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WEEKLY 2-TIM ES-A-W EEK 81 A YEAH
BUSINESS GROWING BETTER.
sHREwD MEN DETECT THE COMING
OF GOOD TIMES.

Evidence of Gradually EnIargIng
business In Every Department.
Seen On Every Hand Reports
From the Leading Trade Centers
show Very General Progress and ~
Continued Large Distribution
Through Retail Trade The Int
prOvcment More Noticeable In the
Industrial Than In the Trading
Field.
New York. June 18--R G. Dun & Co.'s
weekly review of trade tomorrow will
say: THE retarding influence OF cold and
unreasonable weather has passed. The
gain In business in spite OF It which was
seen week ago has become clearer to all.
As no genuine improvement ever begins
with an uplifting OF prices before the pro-
ducing force has become fairly employed,
this does not, and the buying OF 1000 bales
of Australian wool by one Boston house,
and 100000 tons Of pig iron by a Wall street
operator, and advancing prices for stocks
are only proof that the actual conditions
are understood by some capable men.
There Is evidence of gradually charging
business in every important department,
more establishments have been set at work
and more hands employed. and while pru-
dence still binders speculative excuses the
progress toward better things is uncheck-
ed.
Reports from the various cities this
week show very general progress and a
continued large distribution through retail
trade. The proof is clearer, as 1t should
be. in the Industrial than in the trading
field. Contracts providing for consump-
ton of 100000 tons of iron ore have al
ready been made. 100000 within the past
fortnight, II Is believed though last years
contracts only terminated about two
months ago. Bessemer ore is selling
lower by 20 to 80 cents than at the out
SIDE Biwabak at q to Is, but the heavy
demand put the mines at work. Heavy
speculative purchases of 10000 tons of
southern pig at 1915. clears the deck for a
large business at better figures. and sales
at Chicago-d5O 0O0-have been the largest
for eighteen months. Reaction of the sud-
den purchase of $1,000 tons Bessemer at
Pittsburg leaves the price at $3.50 per
ton, but the heavy orders for bars there
and for $1,000 tons at Chicago, mainly from
| implement makers, with orders for many
new buildings al the west, one OF magni-
tude at Philadelphia and several at New
York, the larger demands for plates and
sheets and the order for twenty-five miles
of pipe, and the purchase OF steel rails,
which have started the new Joliet works,
with good orders are far more important
than the speculation in materials. Coke
production has increased 900 tons, nearly
21a per cent. without changing in price.
Tin Is stronger at $3.75, and the copper
output In May, larger than In any other
month this year, has not yet lowered quo
tations, while lead Is stronger.
'"rhe demand for print cloths, for the
first time In many months, has exceeded
the weeks production, and the price has
risen a shade, while prints and other
grades Of cotton goods are in slightly bet
ter demand. There is a more widely dis
tributed business In woolens than was ex-
pected. ClOthiers are buying and are IN
haste. Eastern mills are quiet
Western operators still pay more than
eastern prices warrant. In produce mar
kets the year draws toward a close with
slightly stronger prices for corn, owing
to heavy foreign buying, and in cotton
owing to a better foreign demand, not
wlthstanding more encouraging crops re-
ports Nobody can count bales In June,
but the outlook is so far favorable that
few make large ventures against the
yield exceeding 100000 bales. Wheat was
much, closing a u OF a cent lower for the
week. In spite of reduced western receipts
and Atlantic exports. In two weeks of
June Atlantic exports Of wheat and -four
have been equal to 4,W7, 600 bushels, against
6,2lOS23 last year.
Failures for the week have been 1888 in
the United States, against Z6 last year.
and S6 In Canada, against rs last year.
Bradstreet's tomorrow will say: There
are encouraging features In the general
trade situation this week. the most con-
spicuous OF which rs increased orders for
staple goods for fall delivery In a few lines.
notably clothing, which at Chicago, Baiti-
more and a few other centers. promise TO
exceed the movement of a year ago.
1.-THE more cheerful feeling among man
ufacturers OF iron and steel Is based In part
on expectations OF revival In demand.
The repeatedly announced improvement In
iron and steel this week rests upon large
transactions In southern forge at Birming-
ham furnaces and mills in Pennsylvania
and Ohio being fairly busy on old orders,
but failing to report many new ones.
Encouragement Is also derived from the
advance In raw cotton and an advance of
1-l6 on print cloths. which marks an adj
vance from the lowest price ever reached.
A moderate increase IN the demand for
woods is the speculative outcome Of the
increased probability of an early settle
prices this week did not carry out last
weeks promise OF a general advance.
There are lower quotations for tea and
coffee, -four, wheat and oats. and for steel
bilets, and unchanged prices are reported
for naval stores. lumber, petroleum, pork
and sugar and In addition to a nominal
advance in anthracite coal, the only note
worthy gains for the week are for cotton,
print cloths, northern pig iron at Chicago
and southern pig iron at Birmingham.
'"rhe exports OF wheat (nour Included as
wheaO from both coasts OF the United
States and Montreal this week increased
sharply, amounting 10 2,3i7.Si9 bushels.
compared with 1.S96,OOO bushels last week
and 5000, 900 bushels year ago. Exports
OF Indian corn declined this week.
amounting 10 $4,000 bushels, compared
with 2.S9s. 900 bushels last week and i,5i0.-
900 bushels last year.
There were 226 business failures re-
ported throughout the United states this
week. % less than last week, 80 fewer than
IN the week one year ago, Ave less than