The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-10-12
BUSINESS IN DIXIE BooMS.
MARKED IMPROVEMENT, SHOWN
IN NEARLY EVERY LINE.

The Advance in the Price of Cotton
putting Everybody in a Buying
HumOr-COIIectfOns in the south
Also Remarkably Free-Light Ex-
norts of Wheat an UnfavOrabIe
Feature for the West-RafIway
Earnings Also Increasing.
New York, Oct. m.-Bradstreet's to-
morrow. oct. y, will say: Cooler
weather has stimulated a seasonable de-
mand for staple dry goods, millinery and
clothing. and jObbers in these lines in all
parts Of the country feel the improve
nent Relatively the most gain has been
made at the south, where an improve
rent is reported in almost all lines. In
terror merchants are placing more liberal
orders than for several years and larger
distributing centers report sales Of goods
10 the cotton belt and collections there
from exceptionally free.
THE more unfavorable features are
found in disappointment at the modera-
tion with which wheat Is exported from
week to week. the reported weakness in
mig iron and steel billets. and in the COM
netition suffered by domestic wooden
manufactures from abroad.
lions indicates that if reports of the size
of the wheat crop and of wheat stocks
carried over be accepted, the average
weekly exports from this country, if kept
M 10 the end of the crop year, will ex-
baust the amount of wheat available for
shipment abroad.
The total number Of business failures
throughout the United States number 26S
.1aipcf las 922 in
the week a year ago, 4O6 two years ago
and 191 in 1892.
sMore encouraging business features are
found in the continued advance in the
nrice of cotton, which, in turn, has put up
prices of several varieties of cotton goods,
and in the prospect for the maintenance
Of these rates, which. with freer move
ment of cotton at the south, are having a
very favorable influence on the business
in that portion of the country. st Louis
merchants wire that southern merchants
are outdoing themselves in placing or
s,The reports to Bradstreet's of gross
railway earnings in september point TO
continuous growth of the railway trans
portation business as the autumn ad-
vances accompanied by enlarged gains
over corresponding periods in 1884. In
creases are most numerous and percent
ages of gain largest among the granger
and southern roads, pointing to an en-
iarged movement OF merchandise, grain
and cotton in sections which have mere
tofore been backward in these respective
R. G. Dun & Co., in their weekly re-
view of trade tomorrow, Will say The
price barometer gives indications that
are not entirely favorable. Cotton goods
20 up with increasing evidence that the
crop of cotton is short. The prices or
hides and leather. all show some decline,
a general abatement In new orders being
the principal cause. With an immense
volume of business, not much exceeded
in the largest month of the exceptional
year 1892, and with evidence that in sew
eral important branches the volume has
surpassed that Of any previous year, there
is a growing uncertainty about the near
future of industries. Money markets are
neither strained nor threatening, foreign
exchanges no longer raise apprehension,
and all fears about the great northern
crops are past. There have been few au-
VanceS in. the wages of labor within the
past month, and only few works have
been closed by strikes for an advance.
The. main cause of the decreased or
ders has been repeatedly pointed out by
this journal during the past half year.
When business began to revive a million
traders were in haste to order, not only
the goods each expected to sell within
given time, but enough more to replenish
stocks, which had been cut down almost
to bare shelves by two years of prostra-
ton. Thus the buying was much in ex-
cess of real consumption within a given
time. Also, as prices rose, many FASTENED
10 Duy IN advance or visible SaleS hoping
that their purchase would mean a gain,
while multitudes hurried to get in their
orders before competitors could buy as
cheaply. Under such conditions buying
continued for six months and still cOntn-
ues in cotton goods, which have risen less
than the material. But in most manufac-
tured products buying for the same rea-
son can no longer be expected, and the
steady and regular consumption is not
yet known.
In wooden manufactures demand for
dress goods and some specialties keeps
man fully employed, but most of the
works making mems woolens, for which
new orders are scanty, find not enough to
keep them running. To pile up goods in
ture foreign competition, involves such
risk that some concerns may close for a
time
1T is too early for cotton movements to
cast much light on the probable yield.
Fort receipts, thus far % per cent smaller
than last year, do not indicate as small
a crop as many. fear, in view of the
lated advices to hold back cotton have
some influence also. At present prices
averaging SEC in southern markets
against 5Ac year ago, 100000 bales
!Rould bring $13,000000 more than 100000
bales brought last year Some months
bales of American cotton would be carried
over, and was much criticised by some.
Mr.. Ellison, the European authority
SHOWS that 2,T7, 900 bales were held Sept.
Ian ports and at mills here and abroad
The failures for the week have included
Size and have been 26S in the United
States, against 231 last year, and 81 in
canada, against 4S last year"