The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-09-01
IN The BUSINESS WORLD.
Improvement Will Come" Rather
Than Improvement Has Come"

Saying of the Outlook The Demand
for Money-The Scheme of the Fall
River operatives-In the Iron World.
Failures for the Week.
New York, Aug 31.-R. G. Dun & Co. S
weekly review of trade tomorrow will
say; THE activity which came with ex-
| hausted stocks and the pressure os de-
layed fall demands, and was Increased by
| the removal of uncertainty about the
tariff, has continued~wi heavy entries
of foreign goods since the bill became a
law. But the people who know best are
saying Improvement will come" rather
! than Improvement has come" The
gain is not yet what has been
! expected, and business, good in
comparison with lass year, is
still poor in comparison with years pre-
ceding. Presumably there has not been
| time to feel the full effects of the change
and a gradual gain will be more healthy
and encouraging than a spasmodid rise,
but the expansion of commercial loans
| has suddenly ceased. prices of manufac-
| tured products show weakness rather
than strength, and there has been a re-
action in the stock market.
THE DEMAND FOR MONEY.
august has ended, but the interior de-
mand for money still merely balances the
| receipts of superfuous currency from
eastern points, although crops are moving
| quite freely. The recent material in
| crease in the demand for commercial
loans appears to have been due to pay
ments for sugar imports, for rwhisky taken
| out of bond and for imported goods taken
! out of the custom houses and has dropped
off sharply.
THE SCHEME AT FALL RIVER,
! The unavoidable conclusion is that the
! desired increase in domestic distribution
! has not yet reached such proportions as
to influence the loan market. The mills
! are not running full time, though the
stoppage at Fall River looks every day
| more like an effort of the oper-
atives to force curtailment of pro
! duction in order to lift prices and
make a reduction of wages seem
unnecessary. So far print cloths have
advanced one-quarter of a cent but with
out corresponding advance in other goods,
and while the demand is encouraging. it
does not compare with years before the
| last, Neither in cotton nor in woolen
mills has there appeared this week an in
crease in production. In woolens orders
for spring goods of certain quality have
been quite large, buyers concluding that
prices are about as low as they will ever
IN THE IRON WORLD.
"The demand for products of iron and
steel has increased, but prices tend down
ward where any change appears, as there
is not enough business vet to employ the
works in operation. Steel bars are sold
at lc. at Pittsburg wire nails at S1.05
with bessemer iron at $l1.65, several ad-
dltional furnaces having gone into blast
An encouraging sale of 10000
bundles cotton ties in competition
with foreign ties duty free, war
rants hope that current prices
in other branches may be low enough to
meet the coming rivalry, and a sale OF
Messiba ore at s2 %, delivered at lower
lake ports, is reported. There is a better
demand for structural work, though one
considerable contract for Cuba was broken
off by the ADVANCE in Spanish duties.
FAILURES FOR THE WEEK.
Failures are still few and small For
the third week of August the reported
liabilities were S2, SIS, but for three
weeks have been only S., ,2l4, 40, of which
81, ,S45, ,38S were of manufacturing and 50,
3S4, Ala Of trading concerns. The average
was only 81 ,52l per firm failing The
failures this week have been lSy in the
United States, against 1856 last year and
40 in Canada against 20 last year
FAVORABLE INFLUENCES PREVAIL.
Bradstreet's tomorrow will say. "At
all but few of the cities from which
special kilograms are received, favorable
influences are shown to have been at
work, resulting in still further improve
ment in the business situation since the
settlement of the tariff question. New
England woolen mills are now reporting
! nRAa fn1a WV NrrA 1s,..s~ nj. q
dress woolens are selling freely, and
there has been and is an in
creased demand for funds at
larger eastern centers not only
for Withdrawals of goods from bond, but
to meet increased offerings of commercial
papers. Thus far funds to move crops
have not gone west as freely as antici-
pated. An exception TO the Improvement
in the demand for staple lines in the
western and middle states is reported
| from Providence. The South Atlantic
! and Birmingham alone do not report q
larger volume of business but the char
acter Of cotton shipments in the near
future will determine the volume OF pur-
| chases.
TEXAS MERCHANTS FLUSH.
at is noteworthy that the finan ,ial con
dition of Texas merchants is said TO be
better than for years. One of the most
! iiAbbA DoblhE bAhAC tNhbuIth EOnStQUGDL on
the new tariff is reported from Calves
ton, that an export order to the West In
dies of 10000 barrels of flour has been
/ cancelled by reason Of the Spanish retail
iatory duty. Galveston's banana trade
expects TO be hurt also, owing to the lack
of return cargoes for fruit steamers.
BUSINESS FAIR IN BOSTON.
"At Boston, fair fall business is doing
in dry goods, hImness characterizing
cotton fabrics prizes owing to the New
! Bedford and Fall River strikes. AT Phila.
| delpha, sugar is advancing on specula-
tive demand, and IL is declared grocers
will carry heavier stocks. tobacco
manufacturers are buster on improved
! demand since settlement of the tariff
! question. General trade at Baltimore
is quite encouraging, owing 10 the some
what unexpectedly large number Of
buyers iu all lines fromthe south and
west, whose purchases have resulted in
| quite an improvement over last week.
COKE OUTPUT STATISTICS.
! Connellsville, Pa, Aug. 3i.-The Cou-
rier says "Coke production showed a de-
| cided gain last week over the production
of the previous week there was an in
crease Of nearly 1000 tons. The detailed
report Of the operation and output Of the
region for the week ending On Saturday.
Aug. %, shows ~, 703 active and 81 idle
ovens, with total estimated prod duction
/ Of 0gE fauu oh -.