The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-09-09
BRADSTREETS FOR TODAY
Revival Of Trade, Industry and Con-
lidonCe Everywhere.

New York, Sept. -Bradstreet's to-
morrow win say. The third successive
week Of improvement of financial condi-
tions is followed by d stimulation Of de-
mand for staple articles at many points
and has practically satisfied the CONNER
cial and industrial communities that the
change for the better IS a result Of i'm
proved conditions, and that the move
ment viii prove continuous. The last of
the premium on currency has finally dis
appeared, and the tendency Of bank de
posits TO increase, pointed out week ago,
has become general and pronounced.
FUNDS MORE EASILY OBTAINED.
At nearly all the large financial c0nters
funds are more easily obtaiuable, though,
in a few instances. at lower rates of in
terest or discount. The fall in the rates
of domestic exchange was widespread,
and very little that is abnormal remains.
\ careful examination of detailed tele-
graphic reports of the state Of trade to
Bradstrcet's makes it plain that easier
money has stimulated and increased the
volume of trade, but that the improve
ment in the financial situation has already
been greater than the commercial.
NDUsTRIGL REVIVAL REMARKABLE.
Industrially. the gain is noteworthy. so
many mills and factories have started up
within two weeks New England cotton
and wooden mills remain very generally
idle, Ond the outlook is for lower wages
in the former. Evidences of revival in
trade are an apparently increased
demand for eastern iObOers of dry
goods and hardware. Western
holders Of pig iron are said to be asking
an advance but this is Offset by the
lowest prices on record. Cotton and
wheat receipts continue very low. Ad-
vices from all directions report very slow
mercantile collections.
SOUTHERN TRADE BETTER.
Relatively, the most rapid gains in dis
! tributioD of merchandise are found along
the Ohio and Mississippi river valley.
( More money is being loaned at Richmond,
and there is a slight improvement in the
volume of trade. But there is no great
gain at Charleston, where meats and rice
are higher, the crops of the latter having
been damaged
At Atlanta the effects of easier money
and the growth of confidence are showing
more activity in commercial and indus
triallines.
Savannah reports retarded movement of
cotton but better prices and good de-
mand for naval stores. The New York
banks Offering to send funds needed to
]
livening effect on trade at Au-
gusta, where cotton goods and
industries announced better demand.
| Resumption of recently suspended banks
! at Nashville has inspired confidence, and
more travellers are out from that city,
and more goods being sold By merchants
| there. better business is reported
from Memphis, and fair fall trade is
confidently expected. The volume of mer-
chandise distributed from Mobile is larger,
but the area of cotton is Unexpectedly
| large. Relatively less gain is reported
/ from Birmingham. In New Orleans bus
! mess is more brisk. Rice is short and
/ higher in price. Sugar prospects in
/ Louisiana are excellent. Farmers in
| Southern Texas are holding cotton,
which is reported by Galveston to re-
strict collections somewhat.
WHAT DUN's REPORT SAYS.
| r. G. Dun x Co.'S weekly review of
/ trade will say: Improvement has ex-
/ tended from banks to the mills. The con-
/ ditiOn of the great industries has dis
/ tinctly mended, though still seriously de-
/ pressed. More important by far than any
/ rise in stocks is the fact that more
works have resumed during the past
week than have stopped operations,
so that the producing forces of the coun-
/ try, after months of constant decline,
.
ton twentv-eight textile and thirty
metal works which resumed. some with
ONLY. partial help while twentv-6ve
textile and nine iron works have STONED
1t is expected that most of the Fall River
| mills viii start soon. the hands asserting
to reduced wages. The money markets
are more healthy. the premium on cur
rencv has almost vanished. The embar-
easements in domestic exchanges have
well nigh disappeared. and while very
little money is Vet available for CONNER
cial and industrial loans. there is some re-
lief I'm that resucct also.
...,.-...
TINE FOR IMPROVEMENT
1t was time for some i'm
provement. September LIST the
output of the iron furnaces in
blast was only So, $40 tons weekly, against
107, 042 on August LIST, and l,55l on May
LIST; so that much less than half the pro
ducing forces was engaged, and yet man
ufactures were so stagnant that unsold
stocks OF pig-iron increased p 600 tons "a
week in August. 1t is stated that further
reductions in the output have been made
The Thomas Iron COMPANY has reluced
its price for pig iron 80 cent. but some
other concerns are selling standard No. l
as low. as $40 per ton. Soft steel has