The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-07-22
BUSINESS CONTINUES GOOD
THE THREE YEARS OF PROGRESS
NOT VET ENDED.

Labor Troubles Have Little or No
Eject Ipon the General situation.
InrEe crop Movements From the
West-prfcrs OF iron Continue 20
Look Ipvard--W ooi SIN AdV"ne-
inr-Leathcr in Good Demand and
Slightly Higher.
New York. july Pr. G. Dunn & CO."
In their weekly review of trade, viii say:
Optimism is always popular, but more
than hsrf the time dangerous. Seven years
of halung ana reaction historically tol-o"
three of rapid progress. But the three OF
proeress have not yet passed. and The
most cautious search discloses no sieu OF
balting. Foreign anNieties have been real
but seem 10 he passing. and EuroHe has
begun paying Hberally for more food with
out expectation that securities can be sent
in settlement The extensive labor strikes
have vanished, aud the local strikes do
not affect national business. Fears of new
and powerful corporations lessen as it is
foupd that they are controlled 10y the same
laws which govern the small companies.
Above an. The general evidences OF pros
peritv continue conViuciug Failures are
the smallest ever known for the season,
railroad earnings The largest. and solvent
payments through clearing houses in July
have been 4S.6 per cent. larger than last
year. and 61S per cent. larger than IN
1892. the best of the previous years.
Omcial returns of the most wonderful
year in the nations commerce show a de
crease of $50 100000 in value of the great
STAPLES exported, largely owing to prices
but an increase Of a bout $50, 100000 in other
exports. mostly manufactured articles.
Fear OF deficient crops has been buried
under Western receipts from farms
amounting to 13S61.046 bushels of wheat
for the month thus far, against 8r3l
last year. and 15,29S, 655 bushels of corn
against 6.612,3l5 last year Exports of
wheat. Atlantic and Pacific, have been
77O9. 1893 bushels during the month thus
far. against 1899 259 last year, and of corn
909S. OIL against 500, SAT last year
Prices declined sharply with assurance
of ample supplies, wheat cents and corn
2A which is the more significant in view
of the previous heavy exports of both
Cotton also is going abroad largely,
though the price remains 6.l9 cents.
Pig iron has not advanced this week
but mainly finished products steel rails
to $50 at Pittsburg, billets to $4, steel
bars to $685. 50, sheets to cents at Pitts
burg and cut and wire nails both SO per
ton. The American Tin Plate Company
settled with its hands by granting 10 per
cent more wages and raised the price
of plates so cents per box Still demands
do not abate, though works have to re-
fuse many orders. In plates one large
order for shipment to the Clyde was re
ceived; in bars less urgency of demand
appears at the East, but in sheets works
are about flied for the year and in struc-
tural shapes, besides $500 tons for bridges
and POO for buildings at Chicago, pro-
posal is reported FOR 5000 tons to build a
palace for the Mikado of Japan.
Coke Is unchanged I'm price and likely
to break the record for production this
month. Tin is lifted to 2S.9 cents by wild
speculation at London; copper is firm at
1872. and lead is said to be sold by the
smelling company below 46 cents, the
quoted price.
Wool is stin advancing, Coates Bro
Tiers circular of July Is showing a rise
of PIG cents since May Is, speculation be-
ing particularly active in fine wool be-
cause il is rising abroad, though in less
demand for manufacture here than com
bine and medium grades. At the three
principal markets 35,9561O0 pound have
been sold in three weeks. against "a 1A-
zoo in the same weeks of 1897 before the
present tariff was enacted. Manufacture
ers do not appear 70 be buying largely,
though the demand for goods is better.
and has caused an advance in clay and
some other kinds.
Cotton goods are unchanged but fairly
strong.
Leather is in good demand and slightly
higher, and hides at Chicago rose slight
ly with limited receipts.
Failures for the week have been 145 in
the United States against 207 last year,
and % in Canada against II last year.