The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-11-10
POLITICS KILLS BUSINESS.
The Elections Being Over a Revival Is
Looked For.


Colder Weather Also Having a Favor
able Effect on Trade-Dun Points Out
That the Mere Fact That the Result OF
the Elections Is Expected to Stimulate
Business Will Tend to Make il Better.
New York. Nov 9.-Bradstreet's to-mor-
row will say: Interest in the elections
this week naturally tended to restrict
the volume of trade, particularly south,
where it interferred with mercantile col
lections. But within a few days the in
fuence Of more seasonable weather west
and northwest. together with the en-
phasis with which political questions have
apparently been settled have Increased the
confidence Of many merchants and man
ufacturers in a prospect for an increased
rate of improvement in general trade in
the near future.
THE Philadelphia and Plttsburg mar
kets continue as last reported. the move
ments of merchandise being moderate in
volume; collections not satisfactory, but
the prospects fairly bright. The demand
for lumber and leather forms an excep-
tion, being more active.
trade, the political excitement there hav-
ing interrupted business more than at
the large eastern cities. The distribu-
tion Of shoes appears as active as that OF
any other staple business in other lines,
except holiday goods, being quiet.
Charleston lumbermen report a fair
business, but in other lines there is no
change.
similar conditions prevail at Memphis.
but at Nashville there is more activity in
general lines. notably in the receipts OF
California canned goods. The only mate
rial effect Of the election excitement on
business is delayed collections.
There is seasonable activity in gem
eral lines at Atlanta.
"At Chattanooga and Birmingham,
rather moro activity is observed in busi-
ness circles, while collections were fairly
satisfactory
Wholesale and retail houses at Jackson-
willie report trade fairly satisfactory for
the season, but at Savannah there is no
special change, except that collections are
satisfactory Augustus report is similar.
except as to collections, which are slow.
AT New Orleans rather more a check to
business is noted, due to interest in the
election, but Increased activity is expected
soon
AT Galveston trade is duh in all lines
r. G. Dunn & Company's weekly review
OF trade says: Business has been wait
/ ing the greater part of the past week and
thaolactions are expected TO give 10 a sharp
| stimulus. Whether we are right or wrong
in expecting better things, the fact that
| they expect them does tend to make things
better. Thus a larger volume of trade
might be anticipated, although no political
events can alter the size of the corn crop,
nor make the demand for wheat or cotton
closer to the supply. Neither can the elec-
tion returns alter the tariff, and IL any in
dustry is affected by it, favorably or un-
| favorable, the situation is exactly the
same as IL was before the people voted, at
least for some time to come. But It is
fair to infer that further notifications of
the tariff are rendered less probable by tho
elections of Tuesday.
In the speculative markets there has
been scarcely any movement, and nothing
favorable to holders.
THE treasury reports a gain Of about
S50O000 in its gold reserve for the week,
but the customs and internal revenue re-
ceipts are very low, and for the month OF
November thus far the expenditures have
/ exceeded the receipts about so per cent
Foreign imports at New York for two
! weeks have shown gain Of only % per.
cent. while In the exports Of domestic
products from New York there appears a.
loss Of $4,7oO00O for the same weeks, or n
| per cent.
THE output of pig iron was larger by
| 113l tons Nov ], when IL was 15s s66 tons,
than II was oct. ], and larger than a year
below
/ the output last May, before the great de-
/ preston began, 1t is noted that nearly
| all the furnaces In the regions depend
/ Ing on Connellsville coke and lake ore are
now IN operation with an output Of 1000
/ tons weekly out OF maximum in that
/ region of $1,000 tons, but Bessemer iron is
! rather weaker at Pittsburg, and prices for
! finished products of iron and steel have
| not improved. Some Of the wire rod mills
! have closed for lack of orders. and a
! few Of the large steel-makng concerns
/ have reduced the hours of work At the
/ same time there is a decided Improve
| ment in the tone Of the market, and a
| general confidence that the business will
now improve.
I'm the textile industries there is rather
mere hesitation than appeared a week
| ago. Print cloths are lower. having de-
| clined to 262c. and some of the cotton
/ mills have discontinued production be-
! cause the demand is unsatisfactory, the
/ shrnkage In the western and southern de-
mand being generally attributed to the
low prices Of cotton and wheat, and to
the short crop of corn.
scarcely anything is doing In woolen
/ goods for spring delivery and the demand
/ for fall and winter goods has nearly dis.
4 appeared. In general II is believed that
the spring orders thus far are not more
than half the usual quantity.
THE reports Of failures are, on the
whole, encouraging in comparison with
| last year and yet the volume of labil-
tiles is larger for the season than in any
year of ordinary prosperity. The aggre-
! gate In five weeks ending Nov. has been
Slo.772 s43. Of which 1885, SIS were OF man
ufacturing and $6SO3,sG2 of trading con-
Germs. The failures during the past week
have been 2Gi In the United States.
against SjS last year. and AZ In Canada.
against AZ last year. There have been
a few failures Of consequence during the
week. but none OF extensive influence.