The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-09-23
Dun AND BRADSTREET.
Substantial Improvement Of the Sit
uatiOl in all Interests.

ment OF Business over the First
Week of ptember-Conhdenoe An
ticipatinR the Senate's TardA Action,
Which 1t Is Popularity Believed win
Result in Repeal-Southern Trade
Reported Generally Good and in One
or Two Places Decidedly Better Than
in Years, Though Cotton Moves
Slowly.
New York, Sept OR. G. Dun & Co.'S
review of trade tomorrow viii say:
There is no longer only microscopic or
sentimental improvement that can not be
measured. Some increase is seen both in
production and in the distribution of pro-
duets. True, IL is small as yet, but after
the worst financial blizzard for twenty
years, it is not to be expected that all
roads can be cleared in day.
But all conditions, except at Washings
ton, favor gradual recovery. Business
goes on in unquestioned confidence that
the general desire of the people will in
some way prevail. Money has become
abundant and easy ut present here on
call, and stagnant speculation fortu-
nately favors greater freedom in COM
mcrcial loans Stocks and products
are dull, without serious fall in
prices the industries are rapidly
rallying 20 make good the scarcity of sup
plies by weeks of inaction the vitality of
the demand for goods shows that the
wonderful consuming power Of the people,
il lessened for time, has not ceased, and
the shrinkage in the record of CONNER
cial disease ana mortality shows progress
toward health.
FINANCIAL SITUATION.
Neither the advance Of 4 cents in ex-
change nor the small absorption Of gold
by the treasury has been felt, for the
market is n long way beyond the point at
which il waited with breathless anxiety
for steamers. Monetary conditions favor
revival of trade and industry. While
renewals are as large as ever, commercial
loans are no longer unknown. Maturity
Of large western obligations has brought
hither unusual sums of money from that
section, but the banks, while
retiring part OF the cir
culaton recently taken out and
some certificates, have not retired large
proportion, keeping a weather eye on the
body OF commercial indebtedness to ma
turc in October and November, Foreign
trade grows more favorable Cotton has
fiuctuatcd much, and is a shade stronger,
though nothing appears TO warrant an
estimate which would reduce the worlds
supply of American, including the guam
tity carried over, within 100000 bales OF
the largest consumption ever known.
INDUSTRIAL INTERESTS.
The Industries are giving strong proof
that consumption Of goods was not as
much arrested as many feared when tho
collapse Of trade and manufactures came.
While manufacturers show extreme eau
tion, and deciue TO start work without
orders, piling up goods at their own risk,
improved financial conditions enable
them 10 accept many orders which would
have been or were refused weeks ago, and
actual nfHlaPc TpnlpPpd fTnnuppE
by the exhaustion Of retail supplies
in many directions. The number of works
resuming this week have been at least
fifty-eight wholly and twenty-four in
part, against only fifteen concerns men
toned as having closed and eight reduc-
ing force. The gain has been greatest in
cotton where some goods touch the low-
est prices ever known. The industry
which shows the least actual gain is the
manufacture of iron and steel, where
only the changes in prices were downward,
and in spite of the great decrease
in production the consumption seems
to have shrunk even more. But even in
that branch distinct increase is seen in
the demand for few products. Failures
for the week number only 3l9 in the
United States against 1888 last year. and
in Canada 40 against % last year. Only
five failures were for over 100000 each.
The liabilities in failures for the second
week IN foeDLemDe were Dub eo,Ut2,l
against s., ,3l9,09S the first week.
WHAT BRADsTREET's WILL SAY.
New York, Sept. 22.-Bradstreet's to-
morrow win say Aside from the increas-
cd activity in general trade at Atlanta,
Savannah, Dallas st. Louis, Omaha,
Kansas City, milwaukee, and Minneapolis
no Improvement in demand for staples Is
reported in contrast with last week.
Higher prices for cotton seem TO have
stimulated shipments in Georgia, but
elsewhere receipts at primary markets are
slow. The signs of the expanding volume
of trade in iron and steel shown last
week at Pittsburg and other centers OF
production have proved disappointing.
At the city named there has been even
further depression in prices The textile,
as well as other manufacturers, where
running, continue to employ reduced
forces. An increased distribution Of dry
goods, notions, shoes and grocery staples
is reported from Baltimore, but clothing
manufacturers, who bought heavily
last spring anticipating a large
fall business, are reducing forces. Money
is in slack demand at Pittsburg, and
trade has not been as active as last week,
inquiries for iron and steel having de-
clined. Country buyers at Louisville
have stim ulated trade in staples, but
factories there recently started are not
employing full forces A reaction is re-
ported in various lines at Cincinnati, in
which increased trade has been an
nounced in preceding weeks.
SOUTHERN TRADE IMPROVED.
Six out of dozen southern trade centers
report gain over last week. Previously
reported improvement in Memphis, has
continued. and the like is true at Nash
Vile. but industrial operations there are
restricted by the financial situation.
The business situation at Atlanta appears
relatively most favorable, higher prices
for cotton having stimulated receipts and
collections being as good or better than
in preceding year. Chattanooga mer-
chants also report an increasing vol
ume Of business. Savannah's cotton re-
ceipts have increased, but the naval stores
movement is restricted owing TO the lack
of tonnage Cotton goods industries at
Augusta report demand fair, and at Dali
las, Texas, increased ease in the money
market and tendency on the part Of cot
ton planters to hold for higher prices in
dicate the nature of the Improvement.
Collections are not as free at ROches-
ter, and general trade remains dull
at Charleston, although grocery,
shoe and notion drummers report
the outlook better. At Birmingham dull
ness characterizes almost all lines. and at
Mobile light receipts of cotton tend TO re-
strict trade. New Orleans reports an inn
provement, portion Of which is evident