The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-11-11
TIDE ON THE TURN
1 Distinct Improvement in Business
Noticeable.

7+fa-A Falling OF in the Number of
Failures-A Slight Improvement in
Railroad Business.
New York, Nov. l0-R. G. Dun &
70 6 weekly reveiew of trade tomorrow
nil saw: The turn of the tide has
come Since the elections there has
baan a distinct improvement in business,
and particularly in manufacturing There
is some increase in actual transactions
and much more in the tone of business.
Men of all parties feel that there is
ground for greater confidence, the silver
question being put definitely out of the
vav and the chance of disturbing action
in other respects being lessened, while
the right of the people to rule their rulers
has been indicated. While it is yet too
early for great changes, there is already a
distinct Improvement in the demand for
manufactured products since the action
on the silver bill, some increase in the
output of pig iron and in sales Of wool, in
the building trades in several
cities, and the failures for the
week latest reported show lower liabili-
ties.
In brief the recovery which begun
when the silver repeal bill passed con
tinues with in creased strength.
THE OUTPUT OF PIG IRON.
THE output of pig iron, though not vet
half as large as that of a year ago, is
larger than it was at the beginning of
October The monthly statement shows
SO,070 tons weekly, against % ,S95 on Oct
] and III, 9S2 Nov. l, 1892, and there is
also a slight decrease in the stocks of
unsold iron on hand.
THE sudden fall in the price of steel
rails which has been maintained at 500
for a long time but is now S22 at the
mills, has brought the quick enlargement
of the demand which might have been
anticipated, and in turn the demand for
ore, coke and pig iron improves. There
is also a better demand for some manu-
featured products at the west, though no
improvement as yet appears in prices, and
with a few large contracts taken at the
east, prices are nevertheless at the lowest
point
THE MARKET FOR COTTON GOODS.
"A gradual Improvement is seen in the
market for cotton goods, with slightly
better prices in print cloths and some
other grades The volume of domestic
trade, though smaller than d year ago,
shows considerabl bly, less decrease than APP
peared in September or October, the ex-
changes at clearing houses outside New
York being only IA per cent. smaller
than for the corresponding week last
year. Railroad earnings also exhibit
some relative Improvement, as the de
crease for the latest week reported is
only "a per cent, although analysis of
the returns shows that the decrease in
freight movement, separately considered,
was decidedly larger.
Money is abundant and cheap, for al
though the commercial demand has quite
perceptibly expanded, the supply accu-
INFLATED at the chief financial centers is
extraordinarily large.
The failures for the the past week
havesbeen 361 in the United States,
against 2lO for the same week last year,
and in Canada 81 against % last year"
THE CLOTHING BUSINESS DEPRESSED.
Bradstreets tomorrow will say: ''Sev-
eral positive and significant evidences of
actual improvement in industrial lines,
are found in kilograms to Bradstreets.
Among eastern manufacturers and job
bers Of clothing business remains de-
pressed, and prices are being reduced in
some instances, while west, notably at
St. Louis the reverse is true, and an
early advance in prices is anticipated.
The interruption incident to an cleo
ton, naturally had some effect on the
volume of trade in many states.
The weekly total of business failures
in the United States has decreased, 1888
being reported, as compared with 1853
last week
with the improvement in cotton, the
demand for dry goods increases at Balti-
more, particularly from the south.
The demand for steel and Bessemer
iron at Pittsburg has been stimulated by
cuts in prices, but dealers in pig refuse
to quote for 1894 delivery.
The general trade outlook at Charles
ton is not regarded there as favorable,
collections are depressed and clerks and
travellers fewer in number.
The South Carolina rice stocks are
small, owing to the recent cyclone.
The improvement noted in business at
Nashville last week is maintained, as is
that at Memphis, in all lines.
THE REPORTS FROM GEORGIA.
Cotton is being held at some interior
points in the vicinity of Atlanta, which
tends to check trade Money is seq rec
again among retailers there, but time
loans are being made,
There is a better demand in several
lines at Augusta, and the cotton mills re
port disposing OF production.
There is improvement at Savannah,
and collections are easier.
The outlook is brighter at Mobile, the
relatively active movement of cotton ana
easier money having much to do with it.
Orders from Louisiana country store
Keepers are being received at New
orleans, where general trade is as active
as elsewhere south.
The increased activity reported from
houston IS maintained but mercantile
collections are poor.
cotton continues to move freely to
galveston, which produces more hope
lul feeling. The volume of trade in gro
Sefes and provisions is about equal to
iasI year, but in other lines the total
business done is smaller.
Inc receipts of orders by wholesalers
dI Louisville is irregular, and trade mod
crate in volume, that in shoes, clothing
anu groceries being equal to an average.
81 Louis announces an improvement
Il! Il. clothing, hardware and hats, with a
tendency Of the prices OF steel billets TO
a.uvance, and an increased demand for
manufactured pig iron"