The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-08-14
A CONDITION NOT A THEORY.
IMPROVEMENT IN BUSINESS AN IN
DISPUTABLE FACT.

dences of a General Awakening In
All Departments of Trade - A
Wholesome Tone In the Cotton
Goods Market Exports Increasing.
The Best Since 1892.
New York, Aug. 13-Bradstreets, to-
morrow, will say: Evidences of the wide
spread revival in the demand for mer-
chandise and other products have become
so numerous as to compel recognition.
The press has, therefore, ceased discuss
ing whether trade has really improved
or not, and have begun measuring the
volume of business compared with pre-
ceeding years. A buoyancy of feeling has
appeared among buyers and sellers at
New York. Baltimore Chicago, St. Louis
and Kansas City, where interior mer-
chants have thronged this week, the like
of which has not been seen for several
years. Interior merchants are buying dry
goods, clothing, shoes, groceries and
fancy articles far more freely than at
any time since 1892. Crop conditions have
improved at the south and southwest,
and merchants there are encouraged.
Southern lumber mills are not able to
keep no with orders and innumerable
small consumers of iron and steel through
out central western states are buying raw
material as they have not for years. A
nominal advance of 70 cents a ton for steel
billets is more than a feature, as it means
the confidence of makers in an early re-
vival of the demand for iron and steel,
which has been so long delayed.
Wheat scored an advance of cents
on continued heavy exports and the ten
dency to decrease estimates of the size
of the domestic crop. Wool is higher on
speculative holding. and cotton yarns have
advanced again. Hides and southern lum-
Der are up, as are wheat -four, Indian corn
and oats and last. but not least, print
cloths the market for which has been so
long depressed. Prices for sugar, lard and
petroleum remain unchanged while pork
is almost the only important product quo
ted lower than last week.
Exports of wheat flour included as
wheat from both coasts of the United
States and from Montreal, this week. ag-
gregate 4,460,5l9 bushels, an increase over
last week of more than 100000 bushels,
and compared with shipments in the week
a year ago of 2,635 900 bushels. The world
wide character of the demand for our
wheat and flour is illustrated by the export
from both coasts of this country to such
far off and infrequent customers as Rio
de Janeiro in Brazil, and 'Surabay in the
creased shipments to Europe, China and
the east. The total exports of Indian corn
this week aggregate 3,275,652 bushels,
against 3, 223, coo bushels last week, 1856, 900
bushels in the week year ago, and $4,000
bushels in 1885,
There are 214 business failures reported
throughout the United States this week,
compared with PA last week, and 25S in
the week year ago. There are 81 failures
reported from the dominion of Canada this
week, against Il last week, 30 in the week
a year ago, and % two years ago.
New York, Aug. 1S.-R. G. Dun & Co.'S
weekly review of trade tomorrow says:
Every city reporting this week, reports
an increase in trade and nearly all bright
crop prospects. The inference of this is
emphasized by the present of multitude
of buyers from all parts of the country by
their statements of the situation at their
homes, and, more forcibly yet, by the
heavy purchases they are making. But
the customary signs of prosperity are not
lacking. The strong rise in stocks, the
growth OF bank clearings and railroad
earnings, the heavy speculation in many
products, but most of all in wheat, have
made the week of surprising interest,
even to those who best remember the up
ward rush in 1879. AT the principal clear
ing houses throughout the country pay
ments in July were for the first time
slightly larger than in 1892 and ITO per
cent. larger than last year; and in the
second week in August they are 179 per
cent. larger than in 1892, and S8.1 per cent.
larger than last year The great crops
and the haste of foreigners to buy and
ship wheat in view of the shortage else
where have made the week memorable.
The taking of profits by a pool lowered
the price cents on Saturday, but it has
since risen 8 cents. Western receipts,
slow in July, have in two weeks been z, 1885,
7l3 bushels, against 6,722, 1862 last year, and
Atlantic exports, flour included, have
been in the same two weeks 4114,-
3f, against S,9A,6l3 last year.
Even the demand for corn, by greatly ex-
ceeding that of last year, shows that for
eign anxieties are serious. for $50. 1876
bushels have been exported In two weeks
from Atlantic ports, against 2.514,42S last
year The price has advanced LIP cents.
notwithstanding enormous stocks being
brought over.
The urgency Of the French buying of
wheat, reports that Russia viii stop ex-
ports in order to keep supplies for itself
and continued shipments from the Pacific
70 countries usually having surplus,
making even the largest estimates of the
probable supply not too great for the pos
sible demand. In all the great industries
a large demand for products appears,
with strong speculation in materials and
intermediate products. In the iron and
steel branch, the starting of many works
after a settlement of wages, keeps prices
low and even depresses some, but the
fact that the demand is growing leads 90
heavy purchases of iron ore, 10000 tons
at Cleveland in week and
Of billets. 10000 tons, while concessions re-
Gently reported in pig iron have ceased.
The output of furnaces on Aug. l, was
165 S7S tons. against 164064 on July l, and
a decrease IN known stocks unsold indi-
Gates a consumption for two months past
averaging $4,000 tens weekly, which is
more than in the same months OF 1892. be-
low the greatly increased capacity Of the
works now Sales Of tin are moderate; OF
copper to American consumers, large IL
is said az II cents for lake. and Of lead at
37ia with speculative realizing. But heavy
sales OF tin plates are bringing slightly
better prices.
All textile Industries are encouraged by
a greatly improved and really large de-
mand for goods which causes many to ad-
vance in prices. With the production
much curtaied the stocks OF cotton goods
are rapidly decreasing, and in woolens ad-
vauces have been made IN clay worsted
and mixtures, fannels. and middle suit
ing. Speculation IN wool continues. prices