The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-10-13
RETAIL BUSINESS SLOW.
Lower Prices for Farm Products and
Lower Wages the Cause.

" NoNS sAN NNNS~s
Political Interest and Uncertainty Also
Cutting Figure in Preventing More
Marked Improvement-A Material
Falling on in the Demand at the In
terror for Money From New York.
Prices Gradually Weakening in the
Iron Market.
New York. Oct Pr. G. Dun & Co.'S
weekly review of trade tomorrow will
say: BUSHES is still waiting for the de-
velopment Of retail trade. There is a lit
tie better demand in some Industries, but
not so good in others. Wholesale dealers
in nearly all branches are hating be
cause retail business does not yet show
distinctly what it is to be. Lower prices
for the great farm staples. and lower
wages in some establishments, hinder
purchases for consumption, while politi-
cal interest and uncertainty also have
some retarding influence. Meanwhile,
large imports and small exports of mer-
chandise, with inadequate employment
for money here, are raising the foreign
exchange so that the possibilities of gold
exports somewhat affect the stock mar
ket The hating attitude for the moment
is disturbing to those who have looked
for continued gain, though rightly con-
sidered it is the natural consequence of
conditions which were to be expected at
this season.
Reports from the different cities show,
as they did a week ago, that while ex-
IRENE low prices for cotton and wheat
are checking purchases in the west and
south, there is nevertheless a gradual
gain.
Monetary movements indicate that the
expected expansion of interior trade has
not been wholly realized. and the de-
mand for currency from this city has
materially slackened The demand for
commercial loans is weaker. and three
per cent. is quoted for prime four months
paper.
Foreign imports for two weeks have
been $6S00,0O0 or Sc per cent. larger than
last year, while in exports of domestic
products a decrease of II per cent. ap-
pears for the two weeks in October. The
net customs receipts for the two weeks
are only s280,000 larger than last year. and
the internal revenue receipts are 81 2s0-
600 smaller
The iron industry records larger pro-
duction In September than in any other
month this year, but prices are gradually
weakening because Of insufficient de
mand for finished products. and some
works are preparing to close or shorten
time. few structural contracts are re-
ported, and two amounting to 5000 tons
for steel rails, but combinations hold no
the prices of rails and wire nails"
The demand for bar iron is satisfac-
tory and Bessemer pig and steel billets
are weak
The demand for cotton goods has
materially slackened, and prices have be-
come irregular, although resumption of
work at FAN River and New Bedford with
only per cent lower wages indicates
confidence in the future.
The wooden mills still have numerous
belated orders for fall goods, but the de-
mand for spring does not increase, though
in nearly all the lower-priced products
domestic makers appear able to command
most of the business
THE failures for the week ending Oct.
show liabilities of $1.7l4.276, of which
SSo5SS5 are of manufacturing and 1892, 391
of trading concerns. The final report for
September shows liabilities of only 81. BOZ
lA, of which $9,254,373 are of manufactur-
ing and S3.710,092 of trading concerns The
failures this week have been 231 in the
United States, against 293 last year. and
forty-three in Canada, against forty-two
last year"
Bradstreet's tomorrow will say: IAN
accentuation Of favorable features is re-
vealed in the telegraphed reports to
Bradstreet's this week While advices as
TO the most marked Improvement come
from the west and south there are some
encouraging features also reported from
the east, and the net result Of the weeks
business has made further progress in the
direction of enlarged distribution.
"A number of prominent southern points
report increased activity. Cotton receipts
are large, but the price tends downward.
The first arrivals of new crop of sugar
at New Orleans sold at the lowest price
paid for many years. Southern lumber
men anticipate higher prices
Distribution has increased at Charles
ton, Savannah, Atlanta, Jacksonville.
Memphis. New Orlenas and at Galveston.
where the cotton receipts are very heavy.
The export demand for grain is con
nned TO small shipments of wheat.
Naval stores are more active at Sa-
Nannah, and lumbermen are cheerful, an
ticlpating higher prices
Trade continues quiet at Chattanooga.
Birmingham and Augusta. but is holding
It's own at Nashville. Rather more bust
ness is doing in money at Memphis"