The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-08-21
TRADES HEALTHY TONE.
CLEARING HOUSE REPORTS SHOW
THAT MONEY Is MOVING.

aote views of the Markets for the
past Mcek-The Greatest Volume
of BUSINESS Reported since 1892.
Farmers Get the Benefit of An In
.rcosed Price In Notwithstanding
ReSuming Work.
N..v York, Aug 20.-Bradstreet's. to-
morrow. will say: Special kilograms from
trade centers throughout the country en-
-basfze the growing prosperity of the
frrner due to higher prices 1or almost
oil agricultural products still ia his hands
md point TO a continuation of the demand
which has been conspicuous within the
,ast few weeks The voIIme of trade
continues to increase and prices are hard
sning. No such volume OF business large
4, I'm anticipation of requirements. has
be4n reported since 1892.
Larger transactions have been report
ed in dry goods, clothing and shoes,
sopth and west. and in wagons and farm
tnpIements Another very favorable bank
cje3rings report is found In the total ST.
1mNDOOO for the week, which, while it is
per cent less than last week, is 40 per
cent larger than in the third week of
1922; 40 per cent. larger than in 1894, and
fullv IS per cent. larger than in the like
week of 1898, when clearings totals We're
reduced 10 very low figures. Compared
with the like period of 1892, a year OF
large volume of business, this weeks
totals show a gain of 10 per cent. Among
eighty-six cities reporting a larger bank
clearings. only seventeen show decreases
this week, compared with the correspond
ing period last year. Bank clearings at
other cities than New York are II per
cent. larger this week than in the like
week year ago, but at New York the in
crease is So per cent.
prices of staples continue the favorable
movement of the past few weeks, with
adva noes for wheat, flour, neW pork, but
ter. eggs. cheese, corn and oats, Cling
hams have advanced &c, while the cotton
mills are starting up and jobloers in wooden
goods are getting higher prices for spring
delivery.
There has been a large number of re-
sumptions among iron and steel concerns
This week. Bessemer pig is 25c higher,
and the outlook is for Improvements. Su-
gar. cotton print CLOTHS, wool and petro-
leum are firm ana unchanged, while coffee,
almost alone, among the staples, is lower
than last week.
Exports of wheat flour included as
wheaO from both coasts of the United
States and Montreal this week are the
largest in any week since Sept. l. 1894,
amounting to 5,2lS,OO0 bushels this week,
as compared with 100000 bushels last
week, and 3,991,OOO bushels in the same
week last year. Exports of Indian corn
this week are also exceptionally heavy,
the largest since the third week In April,
this year amounting to 3,929,O35 bushels as
compared with $4,000 bushels last week,
10000 bushels in the week a year ago.
There are 221 business failures reported
throughout the United States this week,
against PA last year and 264 a year ago."
New York, Aug. PR. G.. Dun & Co,
5n their weekly review of trade tomorrow,
Wiu say: Not for several years have the
geographic reports from the various cities
ln all parts of the country, been as en-
T0uraging or shown as uniform improve
nents as this week. The markets are
called crazy by some, but fairly represent
the people, whose confidence in the future
is strong and increasing. Nothing APP
pears to check. Rumors of injury to crops
are not sufficiently strong to have much
luhCeuce. The one temporary hindrance
IS the strike of bituminOuS coal miners.
which interferes yet little with indus
tries and seems likely TO terminate with
~ week.
ing from New York 20 the interior about
half million more than was received dur
ing the week and offerings of commercial
loans are much larger, including consid-
cradle iron and steel paper, and the course
or foreign exchange is generally interpret
ed as an indication that specie imports can
no' be longer delayed.
The greatest gain has been for agricul-
lure Corn has advanced a little in price,
out is moving very largely, so that the
ast years surplus may soon be marketed,
unless the new crop turns out better than
many now expect
Cotton declined an eighth because of an
estimate promising the largest crop ever
grown but the dry goods market is de-
fllelly improving and some of the large
mus after a few weeks of suspension,
nave resumed work. other farm products
are dong well also, but wheat has ad-
aHeed about ll3sc for the week on actual
-'aHsacl ions, with heavy purchases for eX-
P1it The official estimate of the yield
~ 'nu'ely disregarded except as an adj
mission that the crop will be larger than
mat OF last year liz is commonly assum-
on that The yield will be 55O.OOO.00O bush
s or more though recent reports of in
Jury indicating the possibility Of somewhat
nNaIei outcome have helped the advance
;" prices Western receipts fer the week
'Ie "'ssi,04 bushels. against 3.974775 last
taT ana for three weeks, II, $40 267 bush
%-ue Atlantic reports are about
"oub'a last years 3.705,2S7 bushels,
9diHst LSe.A last year, and for three
~reNs sas.8lS, against 5.l02,66l last year,
"'or Included for both years.
10 IL well TO notice that corn exports
'r IMAM double last years in three
A9l55i4 bushels, against 4,119,24i last
' The iron and steel industry Is push
onward i'm spite Of the still unsettled
OF bltuminous coal miners, and the
nous purchases Of ore at Cleveland
d'-o OF bilets AT Pittsburg show the
s5 confidence In the future Many
Il i''Ndi Establishments have begun
curing the past week aud, while no
IaI changes in prices has occurred
e 'poits indicate fewer concessions to
business and a much steadier
IN. ne demand for finished products
Il. '-1elly improved. especially I'm plate
t,.. 1uq bars. and In railway supplies.
'a,r'Niary In car aXles.
s-' sales Of ore at Cleveland have
f''ed in two weeks to four or I'VE
r....'t thousand tons. and billet sales