The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-09-08
WEEKLY TRADE REVIEW.
Alternate Smiles and Showers the
Order Of the Day.

UluNl vi luC Day,
What Dan and Bradstreet's Say ofths
Outlook in the Business World-In-
creased Bank Clearings so Far in
September-The Effect of Strikes on
Business-An Early End Looked for
in the Present New York Labor
Troubles.
New York, Sept 7-R G. Dun's weekly
review Of trade to morrow viii say: The
business outlook is much like an April
day with alternate clouds and sunshine.
IN some branches strong improvement
stiu continues while in others trade is
diminishing In the adjustment 10 new
conditions such conflicting signs are to be
expected, and the more because the de-
ferred business which had awaited
settlement, was by no means
evenly distributed. For some ume to
come it is likely conditions in different
trades. and even in different minor
branches of same trade, may vary widely.
Strikes lessen for a time the working
force, perhaps, as much as It could other
wise increase, but the strike Of garment
makers spreads so rapidly that an early
end is considered certain, while the
strikes in cotton mills have advanced
prices so much that settlement is
| thought not distant
NO EXACT MEASURE or TRADE.
"Of the aggregate volume of trade no
! exact measure exists, but payments
| through clearing houses for the first
week of September were IL per cent
greater than last year. though 297 per
cent smaller than in 1892 Perhaps set
Elements on past business affect the rec
ord, but il also appears that commercial
loans are not increasing, and are limited,
while western demands for moving the
| crops are much smaller than usual, indi-
eating limited demand in other business
centers. Several large mills have gone
| into operation this week and others win
| soon follow, and the deferred business an
| pears enough, with current needs to en-
| ploy the whole working force for time
IN THE IRON WORLD.
"The iron mandatory has materially
| increased its output since coke troubles
| ended, but with the result that pig iron
| is weaker, Bessemer being 81 50 at Pitts
| burg. At all eastern and central markets
| the demand for finished products is some
| what disappointing, and prices gradually
| tend downward, indicating working ca
! pacity exceeding present require
! ments. Rails are not selling, aud
except at Chicago there appears some
! what less business in other finished forms.
The woolen manufacture. in which
deferred business might natu-
rally have been larger than in others,
does rot increase working force, and
| after two or three active weeks the busi-
ness has slackened. with about three
| quarters Of the usual transactions for the
season.
THE WEEKS FAILURES.
"Failures in August aggregated liabili-
! ties of $40, ,l30,477 of which So, 172, $50
were in manufacturing and $5,07S, 1853 In
| trading concerns. During the week the
failures were 2l5 in the United States,
against 1913 last year, and AZ in Canada
against 25 last year"
HoPEFULNEss STIMULATED.
New York, Sept. T. Bradstreet's to-
! morrow will say: Especial kilograms to
Bradstreet's from more important distri-
| buting points make it plain that in mer-
| camille lines trade is fairly active. An
| increased number Of interior buyers at
! large cities within the week has served
TO stimulate the feeling of hopefulness,
and aside from the cotton mill strike in
| New England and distress in
| the northwest. due TO forest fires
the week has not brought Lnfavora bic
| features. Staple prices tend upward, ex-
cept for wool Philadelphia now reports
the presence of country purchasers, ,partic-
| ularly Of dry goods, and a better demand
! for cotton yarns.
THE relatively more satisfactory busi-
ness situation south than elsewhere, is in
! dicated by our reports from Nashville
! that iobbers are surprised and pleased at
| the favorable financial situation Of south
ern merchants. Baltimore merchants
have made like reports, and add excep-
! tioually good collections
IAN southern cities report favorable
| features, Birmingham with increased
| sales and unimproved collection the few
est. Galveston announces the best weeks
trade of the year, and Augusta that
heavy cotton receipts have stimulated
trading in general lines sales of hard
ware at Chattanooga in July and August
aggregated more than in the preceding
two months or the like two months last
year.
Savannah, Atlanta, Memphis and
Charleston report a fair volume of busi-
ness for the season and for the year, and
prospects bright. In the region tributary
TO Nashville il is pointed out that the
tendency Of prices generally is upward,
but that northern dealers prevent ad-
vances by Offering goods at what are
| called panic prices"