The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-12-10
In THE BUSINESS WORLD.
THE SITUATION SATISFACTORY AT
ALL POINTS.

Southern Merchants on Better Basis
Than Ever Owing to Conservative
Buying and Close Scrutiny of Credits.
Failures Few and Money Easy-Cot-
ton Products Higher.
NEW YORK, Dec. 9.-BrddStreers to-
morrow will say: THE features of the
week in the business world include.a mod
crate reduction in the distribution Of sta
piles, as customary at this season, an I'M
usual activity in holiday goods, relatively
greater strength of pig iron west than east,
news OF financial recuperation OF southern
merchants this year, unprecedented move
ment west Of eastern manufactured prod
ucts, heavy bank clearings. fewer failures
and easy money, in spite of the unsettled
silver problem, possible gold exports and
the talk OF nervousness in the stock mar
bet.
IN THE SOUTH.
AT fourteen southern cities interviews
with leading jobbers show that with minor
exceptions, mercantile collections are uni
formly better than they wers last year at
like date, and the debts of country
dealers to merchants at dis
tributing centers are smaller and fewer in
number. Where figures are given they
point to decreases Of from 10 to % per cent.
Baltimore reports disposition at the south
% buy small quantities frequently, or as
wanted, and greater care as to local credits
at the bottom Of the Improvement
Nashville adds TO the list of good crops
raised at a minimum expense and says
bills are being discounted more than usual
and that some farmers are holding cotton
for higher prices, borrowing money on it
and paying their debts.
AT. Birmingham trade is gaining in
volume
"At Richmond, Charleston and Atlanta
increased orders for holiday goods are
features.
HIGHER PRICES AT SAVANNAH.
Savannah says staple goods have ad-
vanoed 10 to 10 per cent.
New Orleans, with colder weather,
higher prices for cotton and active sales OF
sugar and rice. reports a good volume Of
business
''The volume Of business at Memphis,
Augusta Little Rock and some other cen
tiers has not eQualed the record in former
years, but has resulted more favorably.
"Galveston's jobbers report that country
dealers owe them from so to IS per cent
less than year ago
Dallas says Texas farmers have made
good crops, and Fort Worth that general
trade is fair.
FEW CHANGES AT THE EAST.
Eastern centers present few changes
Holiday specialties are moving freely at all
large cities, jobbers finding it difficult to
meet the demands in some lines
"Staple cottons continue to advance with
a we'll sustained demand. Prints are firm at
an advance Of 4@1ac., and prospects favor
a further rise.
Cotton has scored a net gain of &c. |
within week. due to the growth Of the |
belief in a short crop and delayed action on /
the anticipation BILL"
DUN'S REVIEW.
Dun's weekly review will say: Business
shows no decrease except that slackening in
transactions which is customary with the
holiday season near. The apprehension of
monetarJ disturbance from exports of gold
has not yet been realized. At Bostoa cotton
goods are In active demand with higher
prices. and the output of the mills the
largest for long time. A large part of the
product of print cloths has been contracted
up to March aud some mills up to Septem-
Der next. Wooden goods continue firm,
with larger output.
THE business failures during the past
week number for the United States 27l and
for Canada g."