The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-09-15
HOW TRADE IS TRENDINC.
Business Prospects Regarded as EX.
CeptiOnally Bright

are Reported From a Number of I'm
portant Business Centers-Trads
Heavier Now Than at This Time in
August,
New York, Sept Ar G. Dun & Co .
weekly review of trade tomorrow will
say; Business has not gone back this
week, and continues larger than early in
August and larger than year ago di-
rectly after the panic. More commercial
paper is offered the western demand for
money increases, the iron manufacture
greatly expands its output, shipments
OF shoes continue large, and cotton goods
still advance a little In some directions
the postponed business has about spent
itself and less active traue results, while
the net increase has been not much more
than is usually seen in passing from Au-
gust TO September.
In comparison with last year the in
crease Is per cent. in volume of clear
ings, while in comparison with Septem-
| ber, 1892, the decrease Is 25.7 per cent
Railroad earnings In September thus far
! reported are l.3 per cent. less than last
| year, but 1873 per cent. less than in 1892,
and the tonnage comparison shows sub
stantially the same result The country
] y
the new tariff and all admit that changes
have been of less Importance as yet than
was expected, If in some branches busi-
ness has materially increased il has
gained little or has fallen of in others
Loss in some directions is explained
by crop reports, for the most favora ole
| estimate Of experts puts the loss of corn
at about 400, coo, 900 bushels, whereas the
government report Is by some interpreted
as meaning loss Of 900 900, 900 bushels
The opinion of the trade does not favor
the oitclal estimate, and the price has not
risen at all during the week though re-
| ceipts have been very small, exports have
practically ceased, and all realize that
the shrinhage of 400, 100000 bushels is
serious, Ii IL proves to be no
greater, since IL must affect prices
OF meats for a year or more Pork is IN
changed, but lard has risen 80 cents per
100 pounds Nor are oticial reports en-
couraging as TO wheat Western receipts
In two weeks have been ll,ls4, ,6s7 bush
els, against l0,67f, 76l last year, and At
! lantic exports ouly 2O34, 190, against 5, l06,
562 last year, and the price is 10 lower
Considerable injury is ofticially reported
TO cotton, but few expect less than $780,
900 bales, which is more than enough, and
the price is sixteenth lower.
THE great increase In iron production,
which was noted as following the removal
W NShN NAAAiNh hAhAoas 10 Ah1hHut0Q NY IuU
capacity Of furnaces in blast Sept /,
namely, lbl, llS tons against 1886 Aug
| J., and the unsold stocks also decreased
S5,5s4 tons during the month. The out
| put thus rises to so per cent. of "a full pro-
duction, but the consumption may be less
as the main increase in output was near
the end OF August, and prices have since
weakened little, Bessemer iron to S11. 40
at Pittsburg, while grey forge sells at
S9,9
LESS activity is seen in dry goods, the
rush of postponed business having abated
and there is more disposition TO defer
purchases because of somewhat general
advances In cotton goods and because
London wool sales are expected to make
the outlook clearer Strikes In cotton
mills have not ceased, aud stocks of print
cloths shrink rapidly, but some question
whether recent advances In price can be
maintained, with important additions
TO the present force. There is still fair
bueiness for speedy delivery in woolens
and for cheaper grades of spring goods,
but scarcely anything Is done in the finer
grades. About half the usual business in
the aggregate has been done, it is. esti.
mated, but about 5000, 900 at three quar-
ters In the cheaper grades. Sales Of wool
have been 1858, 200 pounds in two weeks
against 5,647, 600 last year, and 16,42S, 800
In 1892.
dlAuEtb III bub lTSL Week OI CtDLEUl-
ber, as yet reported show liabilities OF
only $l,430,070, of which $4l5, 100 were
OF manufacturing and $685.. $50 Of trading
concerns. The aggregate OF liabilities re-
ported for August is Sl0,6 ,5l3 This
week the failures have been 207 in the
United States, against 3l4 last year. and
A in Canada, against ~ last year.
BRApsTREET's WEEKLY REVIEW.
New York, Sept IA Bradstreet's to-
morrow will say: "All the features Of i'm
provement in general trade reported a
week ago are retained, and from q num-
Der Of the more important business CEN
ters still further gains are reported.
Commercial travellers from Baltimore are
making their second trip to the south,
and regard business prospects as ex-
ceptionally bright. Transactions In wool
at Boston have been very heavy, one sale
amounting to 1,200.000 pounds. II is
added that several new and hitherto un-
familiar varieties Of foreign woods are be-
ing purchased with view TO experiment
ing.
Encouragement is gained from the i'm
proved demand for money at Savannah,
Augusta and New Orleans, due TO increas-
ing receipts of cotton and demands for
advances on the crop. The southern pig
iron market may be gauged by sales at
Nashville thus far this month
gust. Inquiries are received from
the north for heavy blocks Of pig iron.
Boston reports quite an Improvement in
general staple lines, due TO the heavy re-
duction 10 country store stocks in preced-
ing months. At Philadelphia there is a
better demand for cotton yarns, petro-
leum shoes and drugs No change Is re-
ported in favorable business at Baltimore,
except that more orders have increased.
"A dozen or more important distribut-
ing centers in southern states report the
favorable conditions prevailing there for
several weeks, including better feeling
among iohbers and other dealers, lmprov-
ing collections at a number Of points, and
a brighter outlook for distribution in the
near future. These features specially
characterize Charleston, Atlanta, Jack
sonville, Savannah, Birmingham, Mem
phis and New Orleans Chattanooga,
however, states that general trade is not
quite as good AS a week ago, aud Calves
ton reports a falling of ia the movement Of
dry goods, although the distribution OF
groceries keeps up well. Trade continues
10 increase az Nashville, mere particu-
larly groceries and hardware, 1000 tons
Of pig iron for the north and $1,000 tons Of
coal tor southern railroads having been
sold within two days"
Death Of a Rear Admiral.