The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-11-17
BUSINESS GROWING BETTER.
Gradual Improvement Seen in Nearly
Every Branch.

The Low Prices for Farm Products and
Labor and Only Partial Employment
of the Latter Still Retard Distribu-
tion-The Recovery OF the Industries
Money Still a Drug in the Market.
Imports Likely to Continue to Exceed
the Exports.
New York, Nov. 16.-R. G. Dun & Co.'S
weekly review Of trade tomorrow will
say: In nearly all branches Of business
gradual improvement appears, and the
hopeful feeling observed last week. Then
It was also noted that the main condi-
lions Of business and trade had not sud
denly changed, and this became clear, to
the disappointment Of some. Low farm
products low wages and only partial en-
ployment of labor still retard distribution,
and the limited demand binders the re-
covery Of the industries. Progress toward
the recovery has not ceased, and many
establishments have resumed or added
to their producing force, some also ad-
vancing wages, but it will take time to
lift business out of its depression, and
the progress made, if less than the SAN
Kuine expected, is at least encourag ing.
The decision to offer $50, OOO, 900 bonds
Cor replenishment of the treasury reserve
was by bankers generally approved, but
events are showing that restoration of
confidence cannot by itself remove all
embarrassment. 1t is generally assumed
that the offered bonds will be taken at
once. The effect is less easy to antici-
pate for the formal announcement that
after a general reconstruction of the rev
enue laws, it is still found necessary 20
borrow largely, tends to raise doubt about
financial provisions for the future. The
report Of importation of gold from Lon
don, with a loss on its face of 1880 at
present exchange rates, is presumably
meant to affect bond subscriptions. There
have already been some Withdrawals of
gold from the treasury by the redemp-
ton of notes to make payments for bonds,
and goods rather than gold are likely to
come from Europe. London has also sold
here about 1900 shares Of stock during the
week.
going west, while the outgo to the south
has diminished. Bankers are much en-
couraged by indications Of larger business,
but there is no increase as yet in CONNER
cial borrowing and one dry goods loan
has been taken at "a per cent.
Merchandise imports in the two weeks
of November have been 16 per cent. larger
than last year, though 30 per cent. less
than in 1892 and exports for the same time
show decrease Of about per cent.
"The exports of breadstuffs, cotton, pro-
visions and oil in october were $57, O06, 1867,
against SOS, S2S, 937 last year, although
100000 bales of cotton went abroad, and
the value of the same quantities exported
this year would have exceeded $40, 900, 900
at last years prices, the difference on
prices alone being $10,6OO,OOO in cotton, and
s.. 100000 in breadstuffs.
Resumption of work and an increase of
working time have been more conspicuous
in the cotton industry than in others, but
no increased demand for goods appears.
Print cloths are unchanged, and the mar
ket is dull.
Tor finished products of iron the de-
mand is on the whole narrower, so that
structural beams are lower, the barbed
wire combination has broken, the strife
in nails continues, at the lowest prices
heretofore named, and both grey forge and
Bessemer are a shade lower at Pittsburg
at the west there is a little more improve
rnent.
THE failures the first week in Novem-
Der were rather larger than of late, the
liabilities amounting to 1854, 445, of which
S742.420 were of manufacturing, and s., 0S3 =
97 of trading concerns. In the five weeks
ending Nov. 1, the liabilities in failures
were S11. 127. 200, of which 81, 464, S13 were of
manufacturing. and $6,51,974 of trading
concerns. The failures of the past week
have been go in the United States, against
1923 last year, and 80 in Canada, against 36
last year"
Bradstreets tomorrow will say: Per
haps the most conspicuous favorable fea-
ture of the general trade situation is found
IN numerous reports from merchants and
manufacturers throughout the country of
n disposition TO regard the business out
look more encouragingly, and with in
creased confidence in an early improve
ment in trade. Even in many portions of
the south and southwest adviees from
the interior country are that merchants
are doing an increased business, based on
favorable weather and crops. This is the
more striking in view of the continued
reports of the unfavorable effects on trade
in the south of the low price of cotton.
1t is learned that fertilizer men have ar
ranged TO curtail their output next sea-
son, in some instances as much as 40 per
cent.
Among larger eastern cities, PhiIadel-
phia, Pittsburg, and Buffalo, report a
moderate improvement in some CONNER
cial and manufacturing lines.
among southern cities, New Orleans re.
ports relatively the greatest gain in the
volume of business, notably i'm groceries
shoes and dry goods, and improvement is
noted at Memphis, and at Jacksonville
also.
The least favorable situation is an,
nounced by Galveston, with collections
quite unsatisfactory, and some interior
merchants asking for extensions.
Chattanooga, too, reports trade duller
and collections slower, due to cotton being
withheld from the market.
There is a fair movement of merchan'
disc at Atlanta and Savannah, but al
Augusta jobbng is duh.
Business in most lines is reported very
quiet at Birmingham and Galveston. and
except for holiday goods, at Nashville"