The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-10-27
No MOVE ON BUSINESS YET.
The AltiCiDltiOnS for Fall Trade Not
Realized.

Business in the South Affected by the
Low Price of Cotton and Jobbers eau
tious as TO Granting Credits to Inte-
rior Merchants-B Bank Clearings Show
Decided Falling on as Compared 20
the Corresponding Week Of Last Year.
New York, oct. 26.-Bradstreet' to-mor-
row viii say: Merchants interviewed in
various portions of the country report
in some instances the condition Of busi-
ness as not having realized anticipstions,
and at other points that the recent bright
outlook for trade Is modified. Such adj
vices are based in part on the practical
conclusion Of the fall trade and always
on the demand for holiday goods. Deal
ers in dry goods, clothing, groceries,
shoes, hats and a few other lines have
had relatively the more satisfactory vol
ume of business, although in many in
stances fault has been found with the
total shipped. General trade continues
good, though retarded in some of the re-
gions supplied by Kansas City. St. Louis,
Omaha, Minneapolis and St. Paul, due TO
unseasonably warm weather.
AT the south low prices for cotton
continue to affect business unfavorably,
many of the larger merchants being more
cautious as to granting credits to inte-
rior merchants. Throughout a large por-
ton Of the region between Ohio and the
northwest interior jobbers will continue
to carry small stocks throughout the win
ter
Eastern HrNv 10
low cost goods moving with any freedom,
and the outlook for a settlement of the
ran river strike is less favorable
Among southern cities, Charleston
Chattanooga and Savannah say trade is
less encouraging, while at Memphis. Au-
gusta, birmingham and Jacksonville no
new features have been developed in the
week. sales, however, have improved in
some lines a Atlanta. At New Orleans the
volume of sales has improved very
slightly, the lower price of cotton sharp
revision OF credits and hand-to-mouth pur-
chdses being specified as the causes.
The total bank clearlngs throughout
the United States for the six business DAYS
ending with Thursday, this week. amount
10 9Sl2OO,OO against $50 900 900 last week
a decrease of 3.5 per cent, as compared
with 9l9,OO)00O, in the corresponding week
last year, loss of about one-third of one
per cent. But when compared with the
the decrease is seen to be $685. coo 600, or %
per cent.
Business failures throughout the
united states number POI, against 253 last
week and as compaI ed with 500 in the like
week of 1898, 22O in 1892 and POS in 1891
r. G. Dun 81 Co.'S weekly review of
trade tomorrow, will say: "Engrosslng
political excitement in many of the states
causes a natural Stacking in some kinds Of
business. But on the whole business in
dicattons are rather more favorable than
they were week ago Gold exports have
ceased quite number of mills have gone
into operation, and the demand for pro-
ducts II not equal to prosperous times,
is better than it has been most of the
time this year. The prices of farm pro-
ducts do not improve much and there are
sun some strikes to resist a reduction of
wages, so that the purchasing power of
the people cannot have materially increas-
ed, but there is a more hopeful spirit
which prompts greater activity on the
other hand the record of bank transac-
uons are somewhat less favorable than of
late. 1t is interesting that o spite Of the
low price of the pricipal southern crop,
manufacturers and wholesale dealers re-
port rather more improvement in trade
with the south than with any other sec
ten.
In iron and steel the west shows weak
ness, while eastern markets show more
encouragement. Nothing Of consequence
IS doing in rails, the deliveries for the year
to Oct. list, being only $4,000 tons, much
below the ordinary requirements for re-
newals. In structural works some mod
| crate contracts are reported, but bar iron
is extremely dull, and it is stated that the
low prices reported last week, 95 cents for
iron and 81 for steel. have been shaded in
some transactions. There is a decline in
wire, $3.50 being quoted for galvanized
barbed, and $3.50 for wire rods. The best
feature is that the heavy increase in the
output of pig does not yet seem to over
/ load the market, and there are rather less
! signs of pressure to sell them of late"