The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-07-31
BUSINESS DECIDEDLY BETTER.
VERY FEW CLOUDS OBSERVABLE
~ THE TRADE SKIES.

Every Section Report n Crafty Inc
Increase In the Movement OF
GoOGS-A Marked Increase In the
Foreign Demand For American
Nhent-Strike OF the Coal Miners
and Closing of Cotton Mills the
Principal UnfavOrabIe Factors In
the situation.
New York. July 30.--R G. Dun & Co,
in their weekly review Of trade, viii say:
"Dispa. ches from almost every northern
city of Importance report without excep-
ton Improvement in business, and from
Detroit to Seattle and Portland splendid
crop prospects. The task of adjusting
the business and Industries of the coun-
try TO conditions created by Il new tariff
law has progressed with gratifying "a
pldity ana ease. Even the increasing
strength of the striking coal miners prob
ably forwards the adoption of the uni
formity plan which promises TO remove
most Of the causes Of such struggles.
Some confusion is caused by events seem
ingly contradictory; by closing of large
cotton mills when many other works are
starting and by a decline in some prices,
when others are advancing. but the bal
ance Is Enthusiastically on the right side.
The most important event since the
passage Of the new tariff, which was gen
orally anticipated a week ago, has been
the marked increase in foreign demand
and advance in Pr re for wheat, which has
risen 4a4 cents during the week, with west
ern receipts for the first time exceeding last
years, with western railroads besieged for
cars and with Atlantic exports of 1,71S,7 3S
bushels flour included, for the week and
6,33l,17s bushes in four weeks against
6,9l7. sos last year. with heavy contracts
for shipment. exceeding go bushels,
on single day, Liverpool reports of
shipml mt from America to Northern Bo-
hemia and French markets excited spec
ulative sales here have little influence. The
fact that corn exports exceed last years,
although the price has advanced to 32.&
cents, is further proof that foreign de-
mands are substantial.
with crop news stu favorable, pro-
ducers may probably realize something
like 100000 more than last year on wheat,
which means a great difference in pur-
chases by agricultural states. Corn also
advanced lbs cents and cotton a sixteenth,
though reports as TO yield are good.
The industrial sky is partly clouded
by coal and iron difficulties, and by the
closing of some large cotton mills. Hav-
ing run for months far ahead of consum-
ing demand on cotton bought at compare
lively high prices the mills see ahead
large crop and cheap cotton and il is but
the rational way to halt production and
clear off accumulated stocks at the sea-
son when vacations are common and be-
gin the new year on its own basis.
or ctHrnF
wholesomely and moderately to the new
tariff conditions, and, while the opening
of light weights below about 81 in cost
has met very encouraging demand, the
advance in prices asked is not large. With
the very heavy stocks of free wool on
hand manufacturers are able, and, in the
presence of large stocks of foreign goods,
are obliged to engage for the next season
without advancing prices in proportion to
the rise in wool and large contracts of that
nature have already been made. Selling
of wool at Boston, where the specula-
ton has been most active, Is suggestive,
amounting to SS4S,O0O pounds for the week,
and at three chief markets to II, 1884, 800.
The sales for four weeks have been 49,,
10000 pounds, 22,5SS,O00 being domestic,
| against 72l1,3 300 in all last year.
Delay in the iron industry is partly be
cause wages have not been settled at all
works, though at many. but partly be-
cause the steadily rising demand does not
| yet raise prices Some products prices are
| a shade lower. Notwithstanding a large
| demand owing to competition between
works, but Bessemer is a shade higher In
| structural work, plates and sheet bars for
| the enormous operations of agricultural
| implement works the demand increases,
and for rolling stock owing to the abund-
| ance of crops
Failures for the week have been 236 in
the United States against PSI last year,
and Is in Canada against 40 last year.
New York, July SO-Bradstreets to-mor-
row will say: THE Unexpectedly early
! fall demand for staple merchandise which
! Bradstreets announced last week has in
! creased and although not conspicuous
at some Of the larger eastern cities which
| II is approaching, is notably so at points
| In the Mississippi and Missouri valleys,
| and I'm the larger wheat growing states.
! A special investigation by Bradstreets this
week shows that increased purchases by
| country merchants in the region specified
| based on the prospectiyely large wheat
crop at home. in the face OF short wheat
| crops abroad, has increased business with
! western iobbers from 10 TO 10 per cent.
/ compared with fan trade at a like period
| last year. The total volume of this new
business is not large, but II is unusual in
! this, the dun month of the year, and it Is
| growing.
"A number OF western implements fac
| tories are unable to ill all their orders for
nearby delivery. one order for shoes
alone at ST. Louis calls for 5000 worth
| OF goods.
"The depression among wooden manufac-
turers is less pronounced and the prices
Of cheviots and other woolens have be-
| gun TO advance. pointing 10 profit in
| handling high-priced wool.
1.-The greatest relative improvement
among the jobbers and wholesalers in var
ious lines is al Chicago. ST. Louis. Kan
| sas City, Omaha. st. Paul and Minneapo-
| lis. although az other points. notably IN
! Texas. there is a pronounced feeling Of
! confidence an an early revival Of demand.
| which is already beginning to show itself
| A number of large trunk line railways re-
! port that they are carrying more mer-
| cnandise than one, two or three years
! ago.
Fewer manufacturing Industries Than
! expected have been compelled TO close,
| owing TO lack of coal on account OF the
| strike. the principal check being due to
. |