The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-07-10
HOPEFUL FEELING IN TRADE.
THE FALL EXPECTED TO BRING A
REVIVAL IN BUSINESS.

Orders for Clothing, shoes and Hard
ware for Fall Delivery on the In
crense-No Improvement In the De-
maud for Cotton and WOODEN
coods. But the Latter Higher On
Account of the Advance In the
Price of Wool.
New York, July 9.-Bradstreet's to-mor-
row will say: rThere is a moderate vol
,,,ne of trade throughout the country, the
more noteworthy changes being check
cd demand west and northwest, due to the
excessive heat and to storms. continued
damage reports as to the cereal and other
crop prospects and disturbances in indus
trial lines. due to the strike Of about 12O,-
con Unanimous coal miners. The reluct-
anc-e of West Virginia operatives to join
IN the strike complicates the situation.
THE prospects of an early settlement of
the tariff has strengthened the widespread
feeling OF hoDefulness that the autumn
will bring a revival of constructive de-
mand. Orders for clothing, shoes and
hardware for fall delivery are already
more frequent at Baltimore. Chicago and
omaha The movement of dry
goods is checked by midsummer
stock taking, but retail business in
sessonable lines has been stimulated by
midsummer weather There is no i'm
provement in demand for cotton or wooden
goods but the latter are higher, based on
the cost of wool. Prices show an advance
of one-eighth of one per cent. during June,
and mark the beginning of a turn in the
outward flow of the tide of prices, which
continued from Jan. to June l. Exports
of wheat, -four included as wheat, from
both coasts of the United States. and from
Montreal this week amount to 2,O52,606
bushels, compared with 2,77s,o0O bushels
last week, and 2,167, 900 bushels in the week
year ago. Exports of Indian corn
amount to 2S7S727 bushels compared with
1,923,00 bushels last week, and $4,000 BUSH
els in the like week last year.
There were 215 business failures report
ed throughout the United States this week
compared with 225 last week, and 219 in
the week year ago, and "a reported from
the Dominion of Canada this week, COM
pared with IS last week, and 80 in the week
year ago"
R. G. Dun & Co., in their weekly re-
view of trade tomorrow, will say: THE
strike OF bituminous coal miners has taken
1000 men or more from work and threat
ems to restrict supplies of fuel in some
quarters though the West Virginia and
some other mines have declined to take
part and the operators claim TO be able to
meet the eastern demand for some
months. At the west the strike is by no
means unitedly sustained and the impress
sion prevails that it will not last long.
The tin plate works have settled the
md to AKr.r
show production of 100000 boxes yearly,
with capacity of $4,000 boxes
The bar mills have more trouble, but
A general settlement of iron and steel
wages is expected without much delay.
New orders are small since the annual
vacation began, but yet are large enough,
the season considered, to afford some en-
couragement.
Tin is stronger at 1410 cents without
concessions, and copper with a large ex-
port demand at 1112c for Lake, while in
lead sales of 1000 tons or more leave the
price about SIC.
The cotton mills have a steady and in
cfeasng demand and the quotation of
mlddling upland have been advanced a
sixteenth, aided by speculative strength
vi reports OF damage to the crop, especial
~ IN Texas and Arkansas.
The wooden mills are getting decidedly
more orders for fall wants and beginning
hopefully on spring goods, but are eau
uous in contracts for future delivery
some have made large purchases of wool.
out by far the greater part of the sales,
Wnich amounted to 14,142,500 pounds at the
,hree chief markets for the week have
zen OF speculative character. Western
prices are held much above those of sea-
board markets, Montana secured being
5ou according TO reports at the eduiva-
ienl OF ~ cents at the west, against SS at
hoston, and 40 at Philadelnbia
mere Is better demand for domestic
While the most cautious estimates Of
we wheat yield have been advanced. that
Ihe orange Judd Farmer TO 575. 600 600
SuSheis prices have been lifted nearly 3A
t gl,S mere, although Atlantic exports, flour
-H1iuued' were for the week / sos 500 bush
S, against l, 1886 last year Western re-
Ps are small, only 1884, 6S2 bushels
ea'nst !'H5,4OS last year, and the disposi-
!, 'n OF farmers to hold for higher figures
Il suehgthened by many foreign reports.
ms 10 be the fact that crops in other
svs les are less promising than usual.
49, 'ue demand for American wheat is
rPplemented even at this season by ex-
80 oi 2S0,5A bushels against $50 6lO
EaIe TOT the same week last year.
80 week raises the estimate of wheat
III u, however, and II the weather con-
me- favorable the crop may prove a
H., Important factor in the future of ma
"o ma and International business.
Che ne prospect as to corn is growing more
80 vi with each week and an Immense
oP j. now anticipated
81 aHufes Tor the week have been 2o6 In
49, mted States against 215 last wear.
!" Canada against 80 last year"