The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-01-20
BUSINESS CROWS BETTER.
The Tide Of Improvement Still on The
Rise.

the Reports Concerning the Manu-
featured Product Contradictory.
New York, Jan 19-Bradstreet's to-
morrow will say: Special kilograms
| from many Of the more important cities,
based on interviews in leading lines of
trade, make it plain that the improve
ment reported a week ago, characterized
as the turn in the tide, has been retained
and added to. Exceptions are noted at
some OF the larger eastern manufactur-
ing centers. Pittsburg is more hopeful,
but while retailers have increased pur-
chases, there is little gain in iron or steel.
philadelphia emphasizes further oon-
cessions in prices for wool, but there are
| contradictory reports as to the manufac.
tured product; attention is directed to
the taking OF iron and steel contracts by
competing western concerns at ruinous
prices, although it is admitted that trade
in drugs, paints and glass is much i'm
proved.
Manufacturers of cheap iewelry, novel
ties and cardboard at Providence report
increasing orders.
THE SHOE TRADE.
"Jobbers in shoes at Baltimore say trade
is fairly satisfactory, and travellers from
that city say the condition of business
throughout the south is such that a re-
vival there must appear in a short time
General business continues slow in
portions of South Carolina, affected by
cyclones, but in Georgia it is improved,
while in North Carolina the spring de-
mand has not fully started.
Boston reports increased sales in sew
eral lines, due to buyers who have held on
so along they are obliged to replenish
stocks.
There are slight increases in the cast
ern shoe trade, and exports of leather are
fair.
COTTON GOODS.
Cotton goods have better tone, and
prints and wash fabrics are in fair sale,
as are shirtings, which are reduced to
Ss4 cents.
General trade at Charleston is ex-
pected to become more active as soon as
planters and merchants have perfected
arrangements for the new year,
Notwithstanding cotton is lower, gem
eral trade at Savannah Is more active,
and at Augusta all lines report an ad-
vance over last week, druggists being be-
hind on orders, and dealers in groceries
and dry goods much encouraged. Spring
trade at Atlanta opens with some activ-
ity, and the manufacturing output has
increased.
Chattanooga jobbers saNcollections are
improved, and that hardware is more
active.
IMPROVEMENT AT CINCINNATI
TRADE conditions at Cincinnati have
improved with manufacturers and job
bers in merchandise.
"A better feeling is reported at Louis
vile, as well as actual gains
cat st. Louis the demand for groceries,
dry-goods, shoes and hats has increased
as have orders for finished iron and steel,
the latter being equal to those in any pre-
ceding january
Trade at Nashville starts out in re-
duced volume. though jobbers express
themselves fairly well satisfied. Even
Memphis reports larger sales Of groceries
and plantation supplies than anticipated,
but at Mobile, Birmingham and New Or
leans and Galveston, no gains are re-
ported"
THE GAIN SLOW.
r. G. Dun & Co.'S weekly review of
trade tomorrow will say: "Whiie indus
trial improvement continues, the gain is
slow, and the increase in the purchasing
power of the people by enlargement of the
force at work is in measure counterbal-
anced by the loss in the purchasing power
of the people through reduction in the
wages paid.
During the past week dispatches have
told of reductions averaging Is per cent.
in fifteen iron and steel works, and aver
aging 1877 per cent. in eleven textile
works, five employing thousands of hands
each having reduced wages 30 per cent.
Meanwhile twenty textile and eleven iron
and steel concerns resumed wholly or in
part against seventeen textile and four
iron concerns stopping or reducing force.
The volume of business done has in
creased in leading branches, but not
largely. clearings falling below those of
last year for the same week 22 8 per cent.
and uncertainty regarding the future as
yet prevents the ventures essential to
! prosperous activity.
AMONG THE TEXTILE WORKS
THE textile works resuming are mostly
carpet and knit goods concerns, with some
| worsted works. Though more mills are
at work and there is more speculative
| buying, prices, nevertheless, decline.
| Lowell Brusselscarpets have been reduced
| cents, though the demand for wooden
| goods increases, but is very small and is
! largely confined TO goods of low cost, but
| known repute for quality, and trade in
| dress goods is decreasing.
Cotton goods are weaker, Lawrence
| Brown sheetings at 4l4c, low grade
! bleac he'd at 41%c, print cloths at 2sIc.
with a dull market. American shirting
| prints at $50, Merrimac prints at &c and
Lancaster and Amoskeag ginghams at SC
! anu f%4C
I'm silk manufacture the depression is
indicated by imports of raw silks for six
months, not third as large as those OF
year ago.
| SHOE MANUFACTURERS.
| Most shoe manufacturers are doing lit
tie more than half the usual business.
though some are well employed, and
the shipments from Boston this year
thus far have been 20 per cent. less than
i last year TO date.
| Again there is reported mere business
in iron and steel products, but at lower
prices. Steel rails were reduced Jan.
to $24 per ton and ut PittsAnrg steel bill
let's are selling OF s1H76, steel bars and
tank steel ut 1.2 cents, beams at 1.SS and
wire rods at t2S.5
"At PhiladelphiA consumption in
creases very little and the market is sill
in the buyers favor.
! AT Pittsburg BeSsemer pig is quoted
at $l0.75 or less, and contra cts for coke are
made at 81 for six months, while some
southern forge iron is sold at pricelyield-
ing only IS so at the furnace. Structural
work is in far demand, and there is more
| business in wire nails at IL cents, but no
| improvement is seen in bar or pipe
Chicago reports increase in structural
work, but lower quotations, though the
lroquois furnace is about TO start.
| Idle money constantly accumulates