The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-08-26
BRADSTREETS.
Business Timid and Cautious, but
Better Outlook Noted.

Better Outlook Noted.
New York, Aug. 25.-Indications of a
slight increase in the volume of general
trade and of better feeling in business
circles, reported in special kilograms to
Bradstreets last week, are not only con
firmed, but there is reason to believe the
tendency toward Improvement has
extended from the west, north
west and south. Prices Of iron,
steel, wool, cotton, wheat and corn
are affected unfavorably Financial con
ditions and industries in those lines are
all more depressed than usual at a CORES
ponding period in preceding years.
An increase of demand from New Eng
land jobbers of cotton is said to be de-
layed July business is Offset by the
heaving cancellation Of orders for wool
ems in the hands of the mills. The list of
business failures for the past seven days
number 456, which contrast with
1S9 in the same week a wear
ago. General trade at Nashville
remains relatively most disturbed
owing to recent banking troubles
Charleston iobbors are not seeking
new business. Trade at Alta nta
remains quiet, as usual between seasons,
and manufacturers have only fair trade
Business at Savannah dull, and cotton is
moving slowly, requiring smaller advances
than usual No change is reported from
Birmingham, but at other points reported
there is better feeling, and returning
confidence in an actual increase in the
volume of trade. This is noticeable at
Memphis and Richmond, while at New
Orleans increase in distribution of staple
is small. Cotton is beginning to move
freely now that the banks are issuing GER
tifcates of deposit from s. upwards for
use as currency. There is n good demand
for provisions at Augusta, and a marked
feeling of confidence in improvement in
the situation at Little Rock Improving
collections noted at Dallas. AT Gal
weston, trade remains greatly restricted
At New York, Boston and Philadelphia
and among large eastern cities, there is
q large improved feeling in the financial
circle, although no material gains are re
ported in distributions. Jobbers at Balti-
more are doing business on the most con
seryative lines as heretofore. AT Philadel-
phia manufacturers are in almOstall lines
working on orders only. There is practi-
cally no money market; there are few if
any new time loans being made, lenders
extending when loans become due.
DUN's WEEKLY REVIEW
New York, Aug. 25.-R. G.. Dun & Cos
weekly review of trade will say:
The improvement'observe last week
| has become much more distinct and gen
eral While actual transactions have in
creased but little, the change in public
feeling is noteworthy. There are fewer
/ failures, either of banks or important
! commercial or manufacturing concerns,
! than for some weeks past. Many disasters
/ have been ayertCd by a more general feel
/ ing of hOpcfuness and a greater spirit of
/ mutual helpfulness and forbearance, than
/ We're seen some weeks ago. One large
/ stock failure for several million dollars
U n~s.11
/ day, and the makCt for securities, though
/ at times depressed by the closing
/ OF heavy loans, has been extremely
/ dull without material decline. Money
I on call is more abundant aud lower, as
/ many interior loans have been paid since
/ the banks ceased to send currency away
| and advanced their rates for renewing or
/ extending such loans, but there is a little
4 relief as respects mercantile accOmmOn-
( datiDns as the use of the checks in place
/ of currency increases, and the Secretary
( Of Treasury, in answer to
| an inquiry, has stated that
no local objection exists as to the use of
! sight drafts on New York for small sums
I in payment of hands. The difficulty of
collections and interruption of exchanges
/ are nearly as serious as ever. The num-
/ Der of Industrial establishments
/ resuming begins TO compare fairly
/ with the numbers stopping A little
! better demand appears for some products,
! such as wire nails and barbed wire, of
| which important producers have been
/ idle for nearly two months, butin general
/ the consumption has so far decreased that
southern furnaces are Offering pig iron at
/ very low figures here and standard max
/ ers in Pennsylvania are contemplating &
/ reduction in prices. Though currency is
at premium of one 10 two per cent, the
demand is less than it was
4 a week ago Receipts of gold
] from Europe during past week