The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1898-07-27
THE WORLD OF BUSI.
NESS.

New YORK, July pr. G. Dun i
Co ia 5beie Weskly Review Of Trade
will say to morrow: A state of war
does not disturb business, but reaction
after phenomenal movement Of grain
causes relative loss, which macy mis-
take for decrease 10 the volume OF
trade So much grain has been re-
quired aed shipped during the past
twelve mouths that sdecrease vas inev-
table, and Grapgers and Pacific roads
show loss lr earnings even compared
with 1892, though cot much ye, COM
pared with last year.
After the surrender at Santiago bare
ley week Of rest preceded the sailing
of the Porto Rico force, bus mean
whils the Presidents proclamation
opening Santiago to trade on terms
siogulasly favorable to the Inhabitants
there aod the rush to build up business
in Eastern Cuba, are occupying the
! thoughts Of many en,erprisiog firms.
Reduction of one half in the tax here
sofore paid. with honest instead of
Spanish administration, brings home to
Cuban residents the meaning of che
change. and !.hey also learn to use
money of which a paper dollar is as
good as gold, which for them is long
step forword
10 the stagoant midsummer season,
with business larger than ever before,
toe grea. manufacturers ueariy all
share the gain. Oace before 10 1895.
With ar extraordinarily small move.
mers prior to July the shipments in
sbree weeks Of July bavs been as large.
Print cloth works at Fall Rive: have
iu part CON oined to cur.ail production.
half the sp!ndIes of that city being
idle for 2 month, but in other branches
Of the cotsoo goods trade no such mea
sures appear necessary. There is az
increased demaod for woelen goods,
although 10 some lines slow aud disap.
pointing. but the number Of establish
neuts as work Increases, though the
mills are uos yet assured Of satisfactory
prices
The iron manufacture seems to be at
the verge OF another revolution, since
Bessemer pig is held by curtailmeot of
production in the Sbeuaugo and Ma
boDiog valleys at $40 25 at P;tsburg.
and. YET some steel works have made
enormous sales of bille,s. Toe demand
for structural forms keeps ali the works
busy. While The plate mills are every
where crowded. sheets and bars are in
better demand than heretofore, aud the
prolonged weakness 10 cast pipe, which
usually requires Deariy 100000 toes
Of pig in year, may presently be
cured.
With abasement Of foreign needs ADD
prospects of excellent crops in many
f,reigo countries. wheat has decliued
during the week 3 cents iu price. not
withs,andiug exports from Atlantic
porss amounting to 1887 ,092 bushels,
-four included. against 1,516. .997 las;
year and from Pacific ports 577 1855
against SO, 523 lest year. Total exports
for three weeks have been 1899. .259
bushels, -four Included, against $780,
4SS last year. Corn a,il goes abroad
10 astonishing quantities, all the CIR.
ccmstances considered. exports having
been iu three weeks 5,077, 847 bushels,
against 6.635,395 last year. TIE
price has not changed 10 spite of the
declioe 10 wheat The closing OF some
New England nills has doubtless affect
ed the price Of cotton to some extent,
aud yet the crop reports are sufficiently
favorable to depress prices an eighth
during the week without other iodu
euce The collapse of strong pool to
advaoce prices and control the market
is also reported
Failures for the week have been 207
10 the Uoited States, against 227 last
year, aud II 10 Canada, against q last
year.