The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-09-22
How TRADE IS TRENDINC.
Weekly Review Of Business Conditions
by Dun and BTadStTeet'S.

In the Aggregate, Business is Better
Than Last Year, Though Accounts
Are so Conflicting That it is a Hard
Matter to Strike Balance-Clear- e
ings Show an Increase of Per Gent.
over This Time Last Year.
New York, Sept 2l.-R. G. Dun & Co.'S
weekly review of trade tomorrow will
say: "Plenty of material for encourage
ment, and also for discouragement, can
be found by those who seek that and
nothing else. But business men who
want to sec the situation exactly as it is,
find accounts so far so conflicting, that it
is dinicult to strike a balance In those
departments Of industry and trade in
which deferred business and the
demand for replenishment Of stocks
have not been exhausted, there
is obvious improvement, and
in some the business is not only larger
than last year, but larger than two years
ago. In others the exhaustion of the
temporary demand has brought disap-
pointment, because it was smaller than
was expected, and because the remaining
demand appears uncomfortably light. In
the aggregate, business is about a tenth
larger than last year, but still falls about
per cent. below full volume for the
season.
THE iron business, after its great in.
crease of output last month, shows dis
appointing weakness at all eastern and
central markets, with consumption pot
large enough TO keep fairly employed the
mills in operation. Bessemer pig is lower
al at ffgR Rtrr nd fl.,h hvrs,
in most manufactured products there and
at Philadelphia is generally done at some
concessions, though in structural work
and in sheet the demand is excellent.
Wire rods and nails and barbed wire are
weak, and steel billets and bars a shade
lower.
1.-THE volume Of domestic business re-
tiected in cearngs is for the month per
cent larger than for the same weeks last
year, but 20.2 per cent less than in 1899.
The level OF prices for commodities of all
sorts is now per cent. lower than year
ago. Foreign trade does not answer ex-
pectations, exports from New York for
the month thus far being S3, 700, ,000 or %
per cent less than last year, while inn
ports from this port are $1,000 900, or l8
per cent. larger The money markets
continue easy, but there is somewhat bet
ter demand for commercial loans, and for
western and southern needs.
Failures in two weeks of September
show liabilities Of only 81, ,S67, ,764, Of
which 1868, ,7l6 we're Of manufacturing
and sl,796,04S of trading concerns
Failures during the week have been 2l3
in the United States against 32l last year,
and in Canada 4S against 40 last year.
AS REPORTED BY BBADsTREET's.
In their reporG of the state Of trade
Bradstreet's tomorrow will say: '"rhe
condition of general trade this week is an
improvement over one week ago, in that
favorable features reported then have
been maintained The surprisingly good
reports of business south and, with some
exceptions, west are indicated by our
special advices from Baltimore, Nash
vile, Chicago, st. Louis, Portland, Ore,
and San Francisco.
Baltimore iobbers in all leading lines
report the volume of merchandise dis
tributed in excess of expectation, es-
pecially dry goods in South Carolina,
Georgia and Alabama, except in
southern products being in good
supply, orders continue liberal
and mercantile collections easy. Nash
vile, while reporting no improvement
over the favorable features noted last
week, remarks their continuance and that
collections are prompt. One sale is re-
ported Of 10000 tons of southern pig iron
this week.
Activity reported in almost all lines
at Chicago a week ago is continued,
merchants being satisfied with the vol
ume Far western buyers, who used to
buy in eastern markets, are purchasing
stocks at Chicago. Greatest activity is
shown in dry goods clothing, millinery
and shoes
wool is active. St. Louis manufac-
turers and jobbers of clothing and hats
report business heavier than in their
preceding experience in like products.
Sales of millinery and dry goods are
large, as well as those Of lumber
charleston teleRraphs that general
trade is fair, without new features Chat
tanoOga, that there has been some slight
improvement in business; Memphis, that
business is quite active, especially in dry
goods and groceries; Atlanta, that collec-
tions are freer and trade is improving;
Savannah, that the volume of business
continues to improve and that extraordi-
nary heavy dealings in spirits Of turpen-
tine have taken place
"Dry goods Obbers at Augusta have
been doing larger business than for some
time previous, while at jacksonville local
trade has been cut into by heavy rains.
Only fair volume of business is reported
from Birmingham, and at New Orleans
there has been very little change. Gal
weston reports sales of dry goods will con-
tinue smaller till the middle of October,
when new orders will be received. Texas
cotton is beginning TO move, which helps
business and collections"