The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-10-07
DIXIE LEADS THE NATION.
The Improvement in The South Greater
Than Elsewhere.

King Cotton Bringing Cash to Our Cof-
fers- Settlements Very Well Met
and Improvement in Collections Re-
ported-Less Improvement in Trade
in the East Than in the West and
South.
New York, Oct 6-Bradstreet's to-
morrow will say: Slightly more cheer
full reports from leading southern trade
centers, largely due to a freer movement
of cotton and the advance in the price of
that staple coupled with more numerous
advices of improved trade distribution at
western and northwestern cent
ers, constitute the principal points
of interest in the kilograms
to Bradstreet's this week. Trade
was interrupted at New Orleans and Mo
bile by the Gulf storm early in the week,
but later advices are to the effect that
staple crops have not been materially
damaged There is a very general re-
port of slightly improved collections,
coupled with the statement that the set
Elements have been very well met
NAVAL STORES STRENGTHENED.
I naval stores nave DCtu SlEtuR UntuCu,
| both in demand and prices.
Texas trade reports are variable eX-
/ cept that at Galveston there is great con-
| servatism in the granting of credit and
| distribution.
"A good supply of funds, for moving the
| cotton crop is generally reported.
AT the west rather more activity is re-
| ported at several cities, notably, Chicago,
/ st. Louis Cleveland, Duluth St. Paul
| and Kansas City Lumber is generally
| higher in price. Whisky is more active.
! The demand for cattle and hogs has i'm
proved.
LESS FAVORABLE IN THE EAST.
''From the east reports are less favor
! able except from Baltimore, where in
creased sales are reported. The dry
| goods demand is below the average at
! Boston and Philadelphia The demand
for iron and steel is still limited by i'm
mediate wants; prices are lower and cash
! purchasers make their own terms. An
thracite coal moves more freely. Pro
visions and coffee are higher, while bread
/ stuffs, notably wheat, have declined. Re-
| ports as to collections class them gener-
ally as only fair. The indications of
improvement in this direction come chiefly
from the south
'The exports of wheat and -four, as
wheat, from both coasts in the United
! States and Canada this week, equal 3, 1872
| 09l bushels, compared with 3, 400 600 bush
els last week, 4.017,00 bushels in the
same week last year, and 395S, 900 bushels
in 1891. The visible supplies of wheat of
the United States and Canada increase
! but slowly, the total stock on Oct. /, 1898,
being Is. 270,000 bushels, an increase of
only $4,000 in September, and an increase
! over Oct /, 1892, of II 600 600 bushels
"A satisfactory business is being done
| in wholesale lines at the low prices
"a fear of delivery day prevails at
| Montreal"
DUN's REVIEW OF THE SAME TENOR.
r. G. Dun & Cos. review of trade says:
! at is difficult to discern any signs of i'm
provement. While there has been some
| addition to the number of manufacturing
| industries and the number of hands at
| work during the past week, it is beCom-
! ing painfully clear that the orders OBJ
tanned don't suffice to keep employed at
| full time even the limited force at present
| engaged
Reports from other acities disclose a
| distinct check in business. There is, on
! the whole, less activity and less conf
! dence regarding the future than there
| was a week ago, and this is in many cases
! attributed to the uncertainty regarding
! the monetary future which the delay in
| the Senate causes.
THE stock of money in New York has
! clearing house certificates here and at
! other cities shows great Improvement in
| the monetary situation.
INDUSTRIAL REPORTS.
! There is not as much of an improve
! ment as might be desired in the industrial
reports for the week An increased num-
! Der of establishments are reported in
! operation, but the sagging of prices in
| print cloths and some other cotton goods
/ IN tsnr, -
| iron and steel disclOses much retarded
| business. The demand for iron products
! is, on the whole less satisfactory than it
was week ago. Steel billets are selling
at Pittsburg for SIS per ton and there is
! practically no demand for rails.
IN manufactures of wool, there is
still remarkable hesitation and the de-
mand for consumption is much restricted,
so that the purchases of wool at the prin-
cipal markets, Notwithstanding some
! speculative buying, have been only 2,626
995 pounds against 6,7l2, 400 during the
same week last year.
CROP MOVEMENTS.
"The movement of wheat has been
fairly large and the price has declined
about &c, while corn has also yield about
1c.
Cotton is &c higher, with decline in
crop prospects. Pork prospects some
what higher Pork 75c per Dbl 1t has
advanced sharply, and after some reac-
ton closes &c per Dbl. higher than a week
ago. 1t is probable that the surplus cur
rency in circulation has its natural effect
of stimulating speculative action. Very
happily the changes thus far have not
diminished the exports of products, which
continue fairly large.
! Failures continue to decrease in num-
! Der and Importance, though not as much
as hoped. The number reported for the
| past week is 800, against 1874 for the same
week last year, and in Canada forty-five
against thirty-siX last year. The DISPOSE
ton to include all the banking and tinan-
! cial failures with those of commercial
and manufacturing concerns during the
! past year, has led to estimates which do
| much injustice to mercantile interests