The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-08-06
PEACE PUTTING UP PRICES.
DIsCOUNTING PROBABLE
END or WAR.

Beneficial Effects Expected to Flow
From the Opening of New Trade
Relations with the Conquered Is
Iands-Corn Prospects frightened
by Hains-An Encouraging Export
Demand for Our Cereals.
New York, Aug. 5.-Bradstreets to-mor-
row will say: "The stimulating influences
of the apparently near approach OF peace,
coupled with the generally expected bene-
fetal effects il Is hoped win flow from the
opening up of new markets in the lands
added to the national domain, seem TO IN
crease as the summer wanes.
That the improvement, while as yet a
limited one, and largely of sentiment, is
not entirely confined to sentiment how
ever is proven by reports of a still further
increased distribution of staple goods in
the West, Northwest and Southwest
where the excellent crop situation has
rendered harmless the supposed benumb-
ing effects of the war.
80 far as the crop situation is con-
cerned the past week furnishes not the
least notable contribution of the year in
reports coming from the great surplus
corn producing state, of beneficial rains,
checking a deterioration which threaten
ed material damage to this most widely
grown and intrnsicany valuable of the
country's crop.
Another favorable feature of the week
has been the percepuble growth in the
strength of the Iron and steel situation.
"Firmness in prices is a feature of par
ticular interest, in view of the enormous
production of pig iron early in the year,
and apparently reflects the going into con-
sumption of most of this immense produce
ton, leaving stocks generally within con-
trollable limits.
Encouraging export demand for our ce-
reals, great steadiness in prices, largest
recorded midsummer bank clearings, and
fairly encouraging railroad earnings not
withstandng the unwillingness of farmers
TO accept present cereal values, are addi-
tonal encouraging features of trade at
! the present time Prices are quite gem
orally firm, or tending upward, in spite OF
| the midsummer quietness in many lines OF
trade.
LAS a result Of operations In July, 80, or
about one-third of all staples, advanced
in value q declined, while "A remained
steady or unchanged.
Advances in many cereals, except
wheat and -four live beeves and hogs, a
number of provisions dairy products and
| groceries, most raw textiles, except cot
! ton petroleum, rubber, alcohol, opium and
qusnlne, are features of the months oper-
| atoms.
important decreases, aside from that
! in wheat, are found in some future makes
! of iron and steel, some other metals, ana
in building lumber.
Compared with August one year ago,
| 66 out of 1914 staples are higher, 20 are
| lower and nine are unchanged, so that
| it may be said that compared with a year
| ago there have been more than two adj
vances for every decline reported
wheat shipments for the week (hour
| included as wheat aggregate ALL 1872
| bushels, against 2271, s72 bushels last week
and compared with 1908 AT bushels in this
week a year ago 2,747850 bushels in the
| corresponding week of 1896. 1,55O,562 bush
els in 1895, and 3,417 200 bushels In 1894.
Since July l, the exports of wheat ag-
| gregate 1926, 122 bushels, against ll,655 ,O25
| bushels last year.
| Corn exports for the week aggregate
! 1856 923 bushels, as against ,S2l bush
els last week, 3,22S,3S5 bushels In 1897, 1,257
S43, bushels In 1896, 1,006,T0 bushels IN 1895
and 226, 100 bushels in 1894. Since July /,
! this year, exports of corn aggregate 13,5l4
392 bushels, against u, 461, POS bushels last
| year.
Business failures in the United States
| are at a minimum, numbering 1879, identi-
| cal in number with those of last week,
but compared with PA IN this week year
ago, 269 In 1896 200 In 1895, and 1877 IN 1894.