The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-05-21
WAR SCARE is WEARING AWAY.
BUSINESS IMPROVING IN NEARLY
EVERY BRANCH,

Timidity of Eastern Capital over
balanced by the Magnificent Pros
perity of the West-COntructs That
Have Been Held BACK on Account
of HOstiIities Now Being Placed.
Outside Orders Even Larger in
Volume Than Those of the Gov
eminent.
New York, May OR. G. Dunn & Co.'S
weekly review of trade will say to-mor-
row: Growing accustomed to. war posi-
bilities, which are mostly far from proba-
bilities of evil. and finding the nation NOV
ing along steadily in its industries, people
are grasping the idea that it is throwing
away some months of active and profita-
BILE life to wait until war clouds have
passed.
Western prosperity has so greatly over
balanced the timidity of eastern capital
that actual business done increases; rail-
road earnings promise better for May than
month ago for April, and payments
through clearing houses for the third week
in May show a gain of IS per cent. over
last year, and 10 per cent. over 1892. while
a month ago the increase over last year
was 1876, and compared with 1892 there was
a decrease of ~ per cent. Several large
contracts kept back for some weeks be-
cause of hostiliries have now been placed
and instead of works closing or reducing
| forces, returns show the starting Of some
works long idle, and increase of force VI
of hours at others.
Government work occupies many cs-
Establishments, but it counts for little COM
pared with other demands.
THE key of the situation as the pros
| perity of the West which altogether I'M
| precedented marketing of breadstuffs has
| caused, with the prospect of good crops
! to come These prospects and actual re-
| ceipts of wheat amounting to 1916, 7l6 bu-
| shells for the week aginst 2, 4S9, 1863 last
year, with advances also in other grain
and cattle, have produced a demand for
| rails, cars, car materials, fencing, lgri-
cultural implements, boots and shoes and
all textile goods which was not anticipated
from eastern indications.
Exports of wheat do not diminish, but
in three weeks from Atlantic ports, flour
included, have been 7,955,5S6 bushels
against 4,77S,742 last year, and from Pa
last year.
The price of May wheat fell AZ cents
on Saturday, rose cents Tuesday, and
closed 51a cents higher for the week.
"In iron Notwithstanding the greatest
output ever known, the demand has caus-
ed some advance in Bessemer pig, with on
| ly a slight decline in the price of Grey
forge at Pittsburg, but full quotations are
obtained at Chicago and Philadelphia. The
textile works are doing rather better, ever
the cotton mills, in spite of their over pro
! duction, for some of large Importance have
recently started again and print cloths are
| a sixteenth higher.
Numerous woollen mills have beer
pushed to new activity by government or
ders and prices for a few grades of goods
are better, with a stronger tone in The
market generally, although some mills o
Importance have stopped, as their orders
for the season have run out.
while sales of wool are small, $685., 90i
pounds for three weeks past against o.,
963, 700 last year. the manufacturers have
ample stocks, although some are obliged
by government orders to seek in the mar
ket grades of wool which they had not eX
pected TO require
Failure for the week have been go in
the United States against 24S last year
and 20 in Canada against 81 last year"