The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-06-12
MODERAE GAIN IN BUSINESS.
II Is ST4L IN VOLUME RATHER
HAN IN PRICES.

DemaId From Dealers-CottOn and
WooRn Mills Doing waiting
Busness Owing TO the Tariff Tn
cerhinties.
Ney York. June u.-R. G. Dun Co.'S
veelly review of trade tomorrow will
sly; The gain in business continues, not
Wtput fluctuations, and at the best mod
eraS but yet distinct 1t is still in guam
titid rather than prices, although in some
braehes an advance in prices appears,
but on the whole the number of hands
enjoyed, volume of orders, and the
aIcdnt of work done are slowly increas-
lg. Prospects of good crops of wheat
nd cotton help the growing demand from
callers whose stocks a gradually gain
3g consumption deplete, also helps, and
the money and exchange market large
hying of American securities also has an
t1uence
wheat looks well, and the best trade
uthority now estimates the yield at 515,-
D,OOO bushels with many state and rail-
pad returns to support it, The price recov-
ced rs cents after last week. fall of over
4cents, because visible supplies are dimin-
Thing, but 1881, $50 bushels being received
& western ports in June. Atlantic ex-
rrts have been (hour included) S,12S,943
bshels, against 3,374,s27 in one more day
lat year. The outgo is steady and since
March has been 1886, 3S2 bushels, against
1115,421 last year, and yet western receipts
lave kept fairly ahead of the exports
1.-THE annual report of cotton acreage by
he Financial Chronicle shows an in
cease of 5.S3 per cent. in all the states,
and an increase in every state, in spite
d the floods, which, with no more favor
able weather than that of last year. would
pean crop of nearly 100000 bales. The
market is a sixteenth weaker, partly be-
ause some southern mills are trying to
Init production.
Neither cotton nor wooden mills can ex-
Eect other than a waiting business, with
Z change of tariff impending, but the de-
nand for bleached goods is steady. though
moderate for print cloths, slightly better
1t 2.44c. plus 1 per cent, and for print
goods, though not active. Brown goods
are dull, though quotations are unchang
Cd. Some large wooden mills are prepar-
ing to increase the output, and have
bought heavily, sales of foreign wool at
Boston alone having reached 6,310,0QO
rounds, out of S,368 600 sold of all kinds at
the chief markets. Carpet mills at Phila-
celphia, which have just resumed after a
bng idleness, were also buyers, and all
are now running nearly full time.
somewhat better recorder demand for
woolens is reported, especially in medium
and hgh-priced goods and fancy worsteds
without change in prices.
Iron furnaces in blast June / reported
a weekly output of 1S6,3S0 tons, against
170,52S May /, and in unsold stocks, exclu-
sive of the greatest companies, an increase
of 1853 tons for the month, to 1850, 252
Yet, when an accident sent one of the
large concerns into the market to buy
quickly $4,000 TO $1,000 tons of pig the
burg, receding afterwards to 1915. with
gray forge higher, at 1925. The main
fact is that production of pig has for
some months been much in excess of the
demand in the manufacture of finished
products. Failure to form the rod wire
trust caused nails to yield cents The
general demand for plates and sheets
was better. and for bars much largest
east and at Chicago. with some large or
ders taken at Pittsburg, and Philadelphia
reports decided Improvements in finished
iron, with fewer concessions, and Pitts
burg large structural orders, while APP
prehension of labor difficulties has in
duced much buying at the west. The
strike at Pittsburg ended without sue
cess"
Failures of the week have been 262 in
the United States, against 240 last year,
and % in Canada, against q last year."
New York. June l1.-Bradstreets to-
morrow will say; Notwithstanding cool,
a r2-bf abarloI ha lee,
tion of seasonable goods, disappointment
as the restriction of distribution of mer-
chandise in the spring and early summer
is giving way to hopefulness for the fall
trade. Business is better than year ago.
The volume is larger and there are more
people employed than prior to the last
presidential election. The movement of
merchandise in the past five months has
been disappointing, but jobbers are begin
ming to report fair orders for fall delivery.
The encouraging features announced this
week are the Improvement in May rail-
road earnings and the advance in the price
of Bessemer pig iron; although the latter
is less significant than reports indicate
Manufacturers of woolens are more hope
full. the outlook for higher prices stimu-
latng speculative demand for both raw
and manufactured products.
Crop prospects, except in Oregon and
Washington, where rain is needed con-
tlnue favorable Hot and forcing wealth
er with showers throughout the Gulf
states. has had an excellent effect on cot
ton and corn. which has stimulated de-
mand for merchandise.
This weeks price movement includes
advances for tea, Indian corn, wheat. oats,
coffee, sugar and pig iron. Steadiness on
the part Of prints lumber, steel billets pc
troleum -four. and declines for cotton.
lard turpentne and rosin pointing to a
tendency 10 reverse last months weak
ness In quotations. Exports of wheat
(nour included as wheaO from both coasts
of the United States and from Montreal
this week amount to 1923 bushels, com
pared with 100000 bushels last week, and
., 922, 900 bushels last year. Exports OF In
dian corn this week amount 2,3S5 600, COM
pared with 1896. 900 bushels last week, and
1,SS6.000 bushes last year.
There were 256 business failures report
ell throughout the United States this week.
compared with l97 last week 23i a year
ago. 2S2 two years ago. 227 three years
ago, and as contrastod with 303 In the like
week Of 1898. There were 50 failures IN
Canada compared with % last week. aud
SS last year."
cor. FRANK HUGER DEAD.