The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-06-26
TRADE RIDING A RISING TIDE.
GRADUAL IMPROVEMENT ~ BUsI-
NESS REPORTED EVERYWHERE.

business Men of the Highest stand
ing Looking Into the Future With
Confidence Quite Unknown to
Them Short Time Ago-SteadiIy
Frightening Prospect For Crops
the Main Factor In the Situation at
the Present Time.
New York, June 25.-R. G. Dun & Co >
weekly review of trade tomorrow win
say: There is no step backward in busl-
ness although the season of midsummer
quiet is near Improvement continues
gradual and prudenty cautious as before,
although in many branches 1t is evident
where no signs of it appeared few weeks
ago. Business men of the highest stand
ing in all parts of the country, having
gradually perceived that the tide has been
begun to rise are regulating their con-
tracts and their Investments and their
plans for the future with a confidence
quite unknown to them a short time ago.
Great changes before the adjournment of
congress are hardly to be expected, but re-
moval of uncertainty is with reason ex-
pected to bring into operation buying
forces which have been restricted for
months
THE main factor at this time is the
steadily Frightening prospects for corps
Harvesting of wheat has already begun in
some winter wheat states, with surprising
~ good results in the Central region and
California, so that 100000 tons is now call
ed the minimum from the latter state
and statisticians of repute calculate on
60, 100000 bushels of winter wheat beyond
the government estimates, Spring wheat is
doing remarkably well, with a practically
unknown increase of acreage
Cotton was lifted an eighth without
reason, and has fallen back as much be-
cause everything points to a larger crop
than has been commonly expected.
Iron and steel products average a
small fraction lower than published quo
tations. Tin has advanced to IA cents,
in spite of heavy arrivals.
There is an encouraging increased de-
mand for all textile goods, even for cot
tons, which have so long been slow, and
though it is but moderate there Is moth
ing of a speculative character in the
transactions, and prices are firmly held.
Recorders for woolens have been rather
better than were expected from clothiers
and fairly good for dress goods. Opera
lions in spring goods are still deferred
Domestic wool is still held at relatively
high prices at the west
Failures for the week have been 2l6 in
the United States, against 217 last year,
and "A in Canada, against "A last year.
New York, June 25.-Bradstreets will
say tomorrow; 1.-THE persistent misrep-
reservations of the actual state of trade
throughout the country during the past
month in an apparent endeavor to make
prospective improvement in business APP
pear to be greater than it is demands an
.a.ya mi ylaIf ion, &c 10 d.
streets presents condensed results of in
terviews with representative manufactur-
ers and merchants at more than fifty i'm
portant commercial and industrial centers
east of the Rocky Mountains The de-
mand, except in few lines, is less pro-
nounced than 1t was two months ago,
there is no material increase in the vol
ume distributed compared with a year ago,
and prices for many staples are lower
But there has been an Improvement, COM
pared with the situation prior to the pres
idential election of 1896, and as contrasted
with last January. Many of the larger
merchants characterize the business rec
ord for the first half of 1897 as a disap-
pointment in contrast with anticipations
in December, 1896. on the other hand, con-
fidence is widespread in a revival of de-
mand this fall. OF the great manufactur-
ing indus tries-iron, steel, cotton and
woolens-the first shows relatively the
the most improvement, and woOlens next
although tariff delays have taken the edge
off demand in that line and permitted inn
porters TO stock up with nearly two years
supply. Cotton goods still suffer from
cheap prices, excessive competition and
heavy production. There is a better de-
mand for silks millinery and confection-
cry, which, aside from the prosperity of
the bicycle industry, constitutes excep-
tons.
Higher prices for leading cereals, for
meats and Havana tobacco are note
worthy and reflect respectively unusually
small supplies of wheat, the strength of
the control of the market supply and ex-
listing conditions in Cuba. Exports Of
wheat (nour included as wheat from both
coasts of the United States and Montreal
this week amount to 2,156,2 46 bushels, COM
pared with 2.547 900 bushels last week, and
2S37,0 900 bushels year ago. Exports Of
Indian corn amount to 2,281,S6 bushels
this week as compared with 1924 900 BUSH
els last week, 1876, 900 bushels in the week
a year ago, 1884, 900 bushels two years ago.
There were 215 business failures report
ed throughout the United States this week,
compared with 226 last week and 218 last
year, and II in Canada, against "a last
week, 10 In the week a year ago and %
two years ago."
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