The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-09-15
GOOD TINES ARE COMING.
Business Men Predict a Prosperous
Fall and Winter.


Cotton-Planters Good The Improve
msnt in the Financial Situation
Giving an Impetus to All Branches
of Business.
/ The business men Of all classes seem I o
/ agree that business should be good during
/ the fan and winter season. not flush,
/ perhaps but everybody seems to expect
| That a very fair business viii be done for
| several months.
It is admitted on all sides, Of course,
that business has been poor for the last
several months. The financial strn-
gency was not alone responsible. The
probability is that had it never
been heard Of business would have been
tight any way. The true reason for the
dullness in this section was that the CON
sumers had nothing with which TO buy.
The farmers raised the smallest cotton
crop last year for several years and sold
IL at exceedingly low prices Conse-
quently they had no money to spend eX-
cept for the barest necessities. The lum-
Der business had not been very thriving
and trade with the mill men was
small. The naval stores
crop so far has Melted
them almost nothing. Consequently very
few of those who have bought goods have
been able to settle their accounts. On top
Of all this came the financial stringency
and hampered the merchants in their deal
ings.
THE OUTLOOK GOOD.
Now there is prospect of a general
change for the better The financial
situation is rapidly improving. The pros
pect is that there will be an average cot
ton crop which will bring fair prices.
The naval stores market is improving,
and better prices for spirits and rosin are
looked for
Business generally is picking up and
everything is looking brighter.
The prospect for the cotton planters
and hose who deal with them is good"
said prominent cotton factor yesterday.
"A crop of from 1000, 900 to 800. 600
bales is expected, of which this section
will raise its share Some damage has
been done to the crop by the storm and
the recent very heavy rains, but I do not
think the damage is as great as has been
reported. l do not think there is much
Likelihood of cotton bringing ten cents
this year, but l think the farmers may
calculate upon ~. ato 81 cents for their
cotton III the country towns.
no HEAVY sUPLUs BROUGHT OVER.
There is no heavy surplus of cotton
brought over from the previous crop as
was the case last fall, and the mills
btOh in this country and abroad have ex-
huusted their stocks. Consequently the
demand will be good. The farmers have
raised this crop within the smallest posi-
BILE expenditure and even at ~ cents for
their cotton, they will have more Cl0ar
money than for any previous crop for sev-
eral years
They are in need of many things of
which they have been depriving them
selves for the past year, and consequently
trade win be good
The farmers will have money and they
are going to spend it. The great
damage to the sea island crop
III Carolina will have the effect of caus-
ing good prices for the Georgia and Flor
ida crop, which has been only slightly
damaged"
THE NAVAL STORES PROSPECT.
A naval stores factor said: ''The de-
crease in the output caused by the dam
age done by the storm, and the general
action of the producers in curtailing their
product by shutting off old boxes last
month will have the effect of causing bet
ter prices for spirits and rosin from now
on. The improved conditions Of business
in this country will revive the domestic
market and assist in the improvement of
prices The result will be that the pro-
ducers willnet something on the remainder
of their crops and will find themselves in
a much better condition at the end of the
season than they are now. They will be
able to square their accounts with the
factors, settle up with the merchants
and have something left in pocket besides
All of which will be great help to trade
in this section"
THE GROCERIES OUTLOOK.
A prominent wholesale groc-
cry merchant said: 1T is true
that our business has not been
what we would have liked for some
months There has been no money in the
country and we have had to curtail cred
its and watch our accounts closely
There is going to be a good result to
this financial depression, however.
Things have gotten down nearer to a cash
basis, and speculation, rockies and care
less fnanciering and wholesale credits
have received a set back, from which it
will take them long time to recover
Business is going to be done in a more
prudent manner hereafter. The business
outlook now Is good. A fair cotton crop.
at fair prices, may be considered assured
The naval stores situation IS improving
This means business for the country mer-
chants, which in time, means business
for the wholesale merchants. | do not
expect any boom, but good steady bust
ness | think may be expected"
HARDWARE MERCHANTS HAPPY.
A leading hardware merchant said:
''Ihe farmers have bought nothing in our
line this year but what they stood abso-
lUtely in need of, and used old implements
wherever possible. Most of their tools
and implements are worn out. and before
beginning work next season they will
have to buy largely of plows, hoes and
farm implements generally That means
a good hardware trade, We have had
hard time with the naval stores
people. Very few of them have been able
to settle up their accounts. With better
prices which are now in prospect they
will be able to settle up their accounts
and to make arrangements for next wear.
think sales in the hardware line will be
larger next year than they have been
this year.
This is the general report in all lines of
business. Everybody is moro cheerful,
and good trade is looked forward to
during the coming year A boom is not
expected or desired