The times. [volume] (Richmond, Va.) 1890-1903, 1893-10-28
THE OUTLOOK BRIGHTER
9ooD EFFEcrS or THE PROSPECTS
FOR REPEAL ON BUSTN EsS.
An Unusually Long List of Cides at which
an Increase in the Value OF Bnsi-
meas 81 Recorded.

NEW YORK, Oct z7.-BraGstreet's to-
morrow will say:
Comparative freedom in shipments Of
cotton and Of grain TO market have an
influence in stimulating renewed de-
mand FOR staple articles. and together
with a prospect for the near by repeal
of the silver purchase law. render the
outlook brighter orders for merchandise
in large volume have been received at
Baltimore, Pitfsburg. Richmond, Nash
Vile. Memphis. Birmingham, New Or
leans, Houston. Dallas Little Rock and
Galveston, and at Cincinnati, Louisville.
St Louis and Omaha, in the West This
IS an unusually long list Of cities. at
which an increase in the volume OF busi-
ness has been recorded within week
and Il Is worthy Of notice that reports
from them in almost ali instances specify
that increased orders have been Tor
dry goods. shoes. clothing and groceries
Mercantile collections are made more
freely In the cotton growing regions as
well as in the larger winter and spring
wheat States At cities I'm Georgia, South
Carolina and South Alabama no increases
are reported in the volume or trade ana
at some n decline is visible. The IN
dustrial situation at more Important
centres in the West IS unsatisfactory, as
heretofore.
prospects for repeal Of the silver clause
Of the Sherman bill are reflected at
Richmond, Nashville and Memphis, where
there is a better tone in the markets, and
an improved demand for dry goods, shoes
and groceries. and easier collection
At Charleston the situation is not as en-
couraging. The volume Is no larger and
fv.a,. rf.uror ont 10 20
ported from Augusta, where business IS
dun and collections slow. Sales are lighter
than expected at Atlanta, although money
is easier. Some animation has been shown
In dry goods and groceries at Chatta-
nooga, the outcome Of freer shipments OF
cotton and consequent ease in money.
General trade is only fair at Savannah,
where lower prices for cotton are re-
rarded as temporary. Prices OF naval
stores are firm, with the tendency up
ward The Improvement in trade az Biz
mingham announced last week continues,
but at Mobile no change is reported and
the volume OF trade is said TO be less
than was expected.
The Interior demand for general mer-
chandise shows considerable improvement
at New Orleans, II being the outcome Of
activity among cotton shippers. Similar
reports are received from Little Rock,
Galveston. Houston and Dallas, the Texas
State Fair at the latter city tending TO
emphasize the increase I'm the volume Of
trade there. The loss Of business from
the silver States is said to amount to
about twenty per cent.
Bright Hopes to Business.
r. G. Dun and Co.'s weekly review OF |
trade tomorrow viii say: Repeal is in |
sight after a long and stormy voyage, and |
the prospect Of a speedy end of the strug- |
gle over repeal has brought bright hopes |
to business. Stocks climbed up rapidly for |
three days, banks relaxed restraints, COM |
mercial loans are more freely sought and |
made. and reports from Jail quarters |
show the prevalence Of more hopeful feel |
ing. This OF itself tends to produce some |
revival Of consumption and Of industry, |
which, nevertheless. has made but mode
rate progress as yet. II Is still too soon |
10 expect much effect in trade and manu- |
features and. though monetary obstacles |
are TO n large extent removed, there |
still remain other legislative questions
which create uncertainty. Opinion also
differs as TO the extent Of Improvement
now TO be expected after so much doubt.
and delay and loss. But the clearings
outside Of New York this week are not
quite % per cent. less than last year AS
yet there is seen only a continuance Of
the faint and slow increase in distribution
OF products which has been noticed for
some weeks
Nor does even this gradual revival in |
demand extend TO all branches. Most |
OF the increase In cotton and shoe manu- |
facture may be explained by more ex- |
haustion in stocks Of dealers. as frequent |
requests for immediate delivery show. |
but there is also reported by dealers n |
somewhat better demand from consumers.
and four more cotton mills have started |
and seven increased force, against seven
stopping or decreasing A similar de-
mand has increased by six the humber
of hosiery and knit goods works reported
I'm operation.
The New York banks still accumulate /
money, and commercial loans are more
largely asked and obtained.
The number and magnitude Of failures
decreases less than had been expected.
the liabilities In three weeks Of October
amounting TO $5,O72, 900, against about
100000 for the same week last year. /
This week there have been 80 failures
In the United States against 49, last year,
and A I'm Canada, against 20 last year.
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