The Waco evening news. [volume] (Waco, Tex.) 1891-1894, 1894-06-19
Improving Financial Condl-
lions Of the South


The ManufactuTers Record, Of
Baltimore, June 10, says;
clearinghouse returns are trust
worthy barometers Of trade. They
are the pulses of business, and as
they move up and down record
activity or depression. How bust.
ness centers sre recovering from the
recent spell Of bad times
is told in simple but in
suggestive style by the report
from clearing houses. From
the reports Of the Commercial and
Financial Chronicle we find that
the aggregate earnings at ten lead
ing New England cities for the
week ending June = to be $50, 1873, i.
BAL. For the same week last year
the amount was S94 o49, 406 In
the Middle States ten cities report
clearings for the week mentioned of
ISL, 1918, $50 against Slll,3lI,544
for the same period in 1898, loss
of 26 per cent. Fifteen ciuies in the
middle Western states show total
clearings of Sl03, 9S2, 493 against
Sl31, 403 52g for the same week in
1898, loss of over 20 per cent.
Ten cities in the Pacific group re-
port clearings of SIG, $40, $50 against
s22 lsl,770, loss of 25
per cent. Thirteen other Western
cities make total returns of S29,.
397, 376. Last year the total for
the same week from these cities was
$37, 13l, ISL, showing loss of
about 20 per cent With these
figures of tie whole country, ex.
elusive of the South, an examina-
ton of the returns from that Sec
ton is in ordsr 1t is to be noted
that in the above summary of fifty
eight cities not one reports an in.
crease in comparison with the same
week of lasy year, AID that the
losses of tins d different groups of
cities range from Is to 26 per cent.
From seventeen Southern cities
the return, shaeY, vu51," s sgsTfnnsst
$50, pol, SO for the same
period Of 1898, falling eff of but
rs per ceit. Six cities show gains.
Memphis hads, with an increase of
33 per CENT Fort Worth gained
80 per ant., Savannah l9 8 Der
cent, Norfolk : 3 per cent. and
Richmond IL per cent. These
figures plsnly tell what section of
the county weathered the financial
disturbances with the least sacrifice
There IS mother phase of the sub.
ject lllustAting that not only did the
South suttr the least during the
financial ringency, but that it is
recovering quicker than any
other sectn. The losses for the
week endif May 20 and for the
week endeJune will plainly in.
dictate this The loss for the South
for the wk ended May u was {
1871 per c., and for that of June ,
but 5 + cent For the month
of April tiloss was over 20 Der :;
cent Gearing the two weeks
the New Hand cities had a SLIGHT a
increase insses, going from IA
to | = pssnt. The cities of the
Middle SITS also lost ground, the
losses incrng from 10 0 to 26
per cent. he cities of the middle
Western sss Increased their losses
from to 20 usr
cent. the Pac!tic group
the lossegere increased from |
81 3 to per cent The other "
Western IS addeu per cent. to I
their lossa 1t will thus be seen b
that the pthern group was the CT
only one tightening its position. II
The cond of business ia GRO y. y
ing bettealhe Sou.h day by day n
and repd of correspondents to
the Manurers' Record are al o'
most uniiin the expression of "
lmproveMnd brightness Of out. fe
look