The morning news., 1894-11-24
BUSINESS SKIES BRIGHTER.
The Signs Of Improvement More Notice.
able Every Day.

Increased Employment of Labor in
Manufacturing Concerns Follows an
Improvement in the D mand for
Goods-rhe Prices OF Farm Products
Not Much Improved, but Hopeful
Feeling Noticeable-A Better Feeling
in the Cotton Market
New York, Nov. 23.-R G. Dun & Com.
pany's weekly review of trade Tomorrow
win say: There are some changes foI
the better. The gain is slow. and in some
directions not very distinct, but signs Of
it are little more definite than last week.
The most important OF them is largely
employment of labor, answering a better
demand on the whole for manufactured
products. Much OF this is due to the un.
natural delay Of orders for the winten
which resulted from long prolonged unt
certainty, but it means an actual increase
in the earnings and purchasing power OF
the millions, and so gives promise of a
larger demand in the future
Prices Of farm products in the aggre.
gate do not improve, but the prevailing
hopefulness is felt in somewhat Target
transactions.
There is 10 improvement in the dea
mand for commercial loans and money
still drifts to this center. scarcely any now
going south, and none west.
''rhe textile Industries have added few
factories to the working list against only
one or two withdrawn, ana there has beer
improvement in the demand for woolens
More supplementary spring orders have
been received and colder weather has in.
creased the demand for heavy goods Yet
on the whole, the market is not active and
the manufacture IS much below The ca,
pacity Of the works.
Prices Of cotton goods are more ir-
regular, and some have declined, whiIe
print cloths have advanced shade. Cheap
cotton causes much dulluess.
"The shoe industry leads all others
in approaching fun production.
The iron industry again records lower
prices for Bessemer iron, $40. 40 at Pitts
burg and for some manufactured prod
uets. The consumption is large. and so
far well maintained. but as 1t is not equal
to the capacity of the works in operation,
the struggle to get business Keeps prices
at the bottom.
1T Is reported that an American ship
yard had secured orders to build three
armored cruisers for Russia, which will
give added work for some years, and
that a contract for 10000 tons of cast
pipe for Toxic will probably be secured by
a southern concern.
The failures for two weeks of Novem-
Der have been moderately large in amount,
the reported Liabilities being Sc, ,J02 1903, of
which 1,7lS,46G were Of manufacturing,
and SO, S3l 289 of trading concerns. For the
same week last year the liabilities were
over 1920 900. The failures this week have
been 322 in che United States against $50
last year, and 81 in Canada, against "a
last year"
Bradstreets tomorrow will say: THE
features Of general trade for the week in
clude an increase in distribution of holi.
day goods, of heavy clothing, hats, sea.
sonable dry goods, and, at various points,
hardware and shoes. This was stimulated
by seasonably colder weather and a con-
tinuance Of the feeling Of confidence in
a nearby Improvement in demand.
AT the south a favorable influence is
a moderate advance in the price of cot
ton, due to the greater favor with which
lower estimates of the size of the cotton
crop are being received, and to the preva.
lence of the opinion that the price of cot.
ton Is too low. There has been "a good
demand for spot cotton.
Some shippers of southern lumber com
plain that southern railroads are showing
preference to cotton. From points In the
southeastern Atlantic states some hesi.
fancy is reported in supplying goods be.
fore making collections for the fall sea.
sons business.
AT the north lake navigation has prac.
tically closed, and the results of the sea-
sons work are generally unsatisfac-
tory.
Trade in wool Is quiet, but the volume
is increasing, with the territories rela-
lively most active and fleece woods Show
ing visibly the effects of the competition
OF Australian.
AT eastern cities the volume Of trade in
dry goods has fallen off. although the tone
of the market is good and colder weather
inclines to help It,
There Is only a moderate volume OF
business reported from any southern city
and at none Of them Is there an increase
compared with recent weeks.
Charleston merchants are not pushing
collections.
"Jobbers at Nashville and Memphis re.
port the situation unchanged and SINH.
lar advices are received from Savannah,
except as TO groceries, for which the de-
mand has increased.
Increase Of travel has tended to bene-
1T Jacksonville.
Reports from Chattanooga and from
Birmingham as 10 the volume Of trade
are unsatisfactory and collections are
slow.
"Jobbers at Augusta report slackenine
Of demand, but retailers say business is
better
"At Atlanta manufacturers have large
volume Of orders and stocks Of cotton are
accumulatng there Trade Is restricted
at New Orleans ana duh at Galveston, ex-
cept I'm groceries"
NAIL WORKS BURNED.