The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-07-30
BUSINESS OUTLOOK BRIGHT.
NEW MARKETS LOOKED FOR ~
THE WEST INDIES.

More Hopeful Tone to Trade ia the
East Follows the Increased Pros
poets of Peacc-ENpected Activity
in ShipbuiIding Reelected in "a Bet
ter Demand for PIatcs-Ccrenl Ex-
ports Continue of satisfactory Vol
ume.
New York July 29.-Bradstreet's viii say
tomorrow; while as yet showing little
effect upon distributive trade, there is
evidence that the improved prospects for
peace, with probable wider markets for
American products, have given a more
hopeful tnge TO the trade outlook, more
particularly at the East. This is reflected
in active preparations by shippers and
coasting trade interests to share in the
expected widening of demand from the
West Indies.
"As for some time past, however, re-
ports of solid business returns came main
ly from the western part of the country,
and in the markets of that section are re-
ported signs of the ground swell of fan
demand
signs of cumulative improvement come
from the iron and steel industry, more
particularly from west of the Alleghenies,
where slight advances in prices, accom-
panying a good volume of domestic and
export business. are reported.
Expected activity in ship building is
reflected in The demand for plates at East
ern points.
"A rather better tone is found in the an
thracite coal trade, in which, as a result
Of another one Of those numerous gen
tlemens agreements prices have been
advanced at the West from previously
low cut rates
The situation in cereals is hardly as
| satisfactory as could be wished, cash pro-
ducts being lower for the week, in face
| OF probably record breaking small world 5
| supply on Aug. 1. and good exports from
| this country, while futures are less de-
! pressed, but exhibit the pressure of ex-
/ pected liberal supplies at home and heavier
| crops abroad.
| THE sugar markets remain dun and
stocks of refined in the channels of dis
tribuuon are reported small. Raw sugar
however, remains featureless. perhaps
| waiting closer approximation as to the
| effects of recent or imminent changes iu
territorial authority upon the Sugar trade
| Of the world.
! the textile manufacturing situation Is
/ dS YET q IdlICT GlOuGCu one, a smut down
! OF print cloth mills being regarded as
! probable in another effort to restore the
lost balance of his trade
'Woolen goods are still slow of sale
while the relatively low range of wool
prices at Eastern markets and the inn
| proved inquiry by manufacturers has stiff
ened values, with the effect of discourag-
ing sales. Raw cotton is frmer on re-
| ports of excessive rains affecting crops.
Cereal exports still continue of a salts
factory volume, wheat shipments for the
week (dour included as wheat. aggregat-
ing 2271,S72 bushels as against 2303, as!
bushels last week. and compared witt
| 2,343 OF bushels in the corresponding weel
of last year, 2.64s76 bushels in this weef
of 1896; 1,460 917 bushels in 1895, end 2977 So
bushels in 1894. Since July / this year tEt
exports aggregate 102l4Sl0 bushels
against S,346, $50 bushels last year.
Corn exports aggregate 2.601 sd bush
els as against 2,s22 128 bushels last week
], ASP, rs bushels in 1891; 1495,S12 bushels il
1896; 594 $50 bushels in 1895 and 10000 BUSH
els in 1894
Business failures in the United State.
remain al a normal dow point aggregatin2
| for the week, 1879. against 1SS last week
and compared with 259 in this week a year
ago; 294 in 1895; 221 in 1885, and 90 in 1894