The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-08-25
HOW TRADE IS TRENDINC.
Further Improvement in Order in
Spite Of Adverse Circumstances.

other Untoward Events Fail to Dis
courage the General Outlook-A
Notable Increase of Bank Clearings
in All the Large Cities The clear
inEs as Compared With Former
! Years.
! New York, Aug. 24,-Bradstreets to-
morrow will say: Serious industrial
/ disturbances in New England, drought in
central and far western states, curtailiug
/ of nearly all staple crops, and disposi-
! tion IN all lines to continue to buy for
nearby wants only, fail to greatly infu-
ence general trade throughout the coun-
| try, the trend of which is toward further
/ Improvement. Northwestern states east
! of the Missouri, and the Atlantic and
| gulf southern states report relatively
| greater gains in volume OF trade
and in the spread of that better feeling
and confidence is q larger volume of bust
ness in the fall, on which improvements
in business depends. Prominent among
the evidences of expansion in general
trade is this weeks bank clearings total,
100000, gain over last week of
about per cent, and over the like total
one year ago, when clearings got down to
about low water mark, the increase is 20
per cent. But compared with the total in
the like week two years ago, this weeks
aggregate clearings show a decrease of IS
per cent II is also worth noting, as a
sign Of the business movement, that
every city's clearings total for the week
is larger than a year ago, except one.
| Gains in Clearings at whisky markets,
Louisville, Cincinnati, Paris and Lexing
ton have naturally been expanded ex-
traordinarily. The greatest apparent
increase in the volume Of business during
the week is at St. Louis, Baltimore, Chit
cago, st. Paul, Minneapolis and San
Francisco At the larger eastern cities
there is evidence Of an increased conf
dence thatthe autumn will brnga largely
augmented demand in nearly all staple
lines, SRt Baltimore is the enly. city in
this group announcing a decided improve
ment, southern buyers having placed
good orders for goods, notions, millinery
and shoes
General trade at southern cities be-
trays no change within a week in volume
of transactions or demand, business on
the whole being relatively better than in
some portions OF the country, There is
better request for lumber at Charleston
for hardware and machinery at Augusta,
AOolA NN % NhAhuAA hAN "hASAJ NN ANAoAA
Vile
The prospective early movement of
cotton is expected to stimulate trade in
all staple lines. Jobbers at Birmingham,
Ala, report heavier August trade so
far than year ago, and the crop outlook
in Louisiana is expected to help business
| interests there generally. Texas coast
region crops are said to have been dam
aged by excessive rain.
The attempts of the New Bedford and
Fall River cotton goods manufacturers to
reduce wages have caused strikes and
lockOuts affecting nearly $4,000 employees,
operating fully 3000,0O0 spindles, over
half the cotton spinning capacity Of the
country Print cloths have advanced
three-eighths of a cent as result, and
the prospect seems to be for month S
suspension of operations with heavy loss
TO employers and employed"
NEITHER DEFINITE NOR IMPORTANT.
New York, Aug. Ar. G.. Dun & Co IS
weekly review of trade will say to-mor-
row; Changes during the past week
have not been definite nor very impor-
tant. AS the Presidents final decision
regarding the new tariff IS assumed, but
not yet certainly known, part of the hesi-
tatiOn which appears, may be attributed
to the lingering uncertainty which must
soon terminate. Other conditions are
favorable. The business so long delayed
by tariff uncertainties begins to como
forward, so that transactions are larger
than Of late, and, on the whole, larger
than at the time Of especial stagnation
last year; but it is still too soon TO deter
mine how far the satisfaction of post
poned demands will set idle hands at
work or raise transactions toward the
normal volume. But il is a healthy sign
that the gain thus far is gradual, and not
spasmodic nor Eighty in appearance.
In all the great industries some
increase in the demand for products has
appeared, and the boot and shoe trade
continues to lead others in recovery, as
shipments from the east not only exceed
last years largely, but surpass those in
August of previous years. Economy ap-
pears here in purchases of cheaper quail
ties rather than in purchases OF fewer
pairs of cases, and the demand is largely
for speedy delivery, the effect of
unusual reduction Of stocks. Cot
ton manufactures, which has been
employing larger proportion Of
its normal force than most others, and ac-
cumuiating goods greatly in advance of
current demands, has about $1,000 work
ers on strike at Fall River and New Bed
ford TO resist a proposed reduction of
wages, and the expectation is that the
difficulty will last some weeks. A some
what Increased demand for goods has ap-
peared, but perhaps not yet as great as
many have anticipated.
In the iron and steel manufactures the
demand for finished products increases,
but is at present not as large as the
capacity Of the works which have en-
deavored TO resume operations, so that
their competition results in prices nearly
I as low as have been reached at any time
"a moderate gain In transactions is seen
at Philadelphia, though finished products
there are weaker, and at New York no
Improvement yet appears, while at Pitts
burg and Cleveland there is more buying,
but at Chicago considerably less than of
, late. Several more furnaces have gone
Incorporation Notwithstanding the scarci-
, ty of the water supply at Connellsville,
and consequently Of coke, and prices
Of pig iron are not further depressed A
moderate increase is seen In the woolen
mills in operation, and agents who have
offered shipping goods, generally al re-
duction Of about l2i6 per cent. from last
years prices, have taken orders for con
siderable quantities, but there Is is still
I great uncertainty as TO the extent and
effect OF foreign competition in many i'm
portant classes, particularly Of the better
grades Of goods. and as this must con-
tinue for months the adjustment 10 new
conditions must be gradual
The money market continues 10 reflect
a legitimate increase OF commercial de-