The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-09-21
WEEK IN THE WORLD OF TRADE
BRADsTREET's AND DUNs WEEK
LK BUSINESS REVIEW.

Further Improvement Noted in the
second Week In september-Par-
ticuIarIy I'm the Manufacturing and
Industrial sOuth-Heavy Increase
fn the Total OF Ciearings is An
nOunced With Increased Demand
In Iron ana steei-Whisky Produce
tion VIII Be Curfalled-Busfness
Failures for the Week As COmpara
ed with other Years.
New York. Sept @.-Bradstreefs too
morrow will say General trade through-
out the United States shows further inn
provement In this, the second week OF
September more particularly in manu-
featuring and commercial lines al the east
and south. From the central western
and some western states. notably Iowa,
there are advices that purchases Of sea-
sonable goods have been checked this
week because OF the high temperature
throughout the region specified. but Ia the
South Atlantic, Gulf and southwestern
states and on the Pacific coast, general
trade has been increasing IN volume, with
improving mercantile collections as a rule
ana goods selling with less effort in many
instances
In support Of favorably influencing con-
ditions are this weeks heavily Increased
total of bank clearings. the largest weeks
aggregate Of wheat exports within three
months, the heaviest weeks shipments OK
Indian corn in seventeen months, ths
maintenance Of fun proportions Of the ex-
traordinarily heavy demand for iron and
steel, and the significant hardening of
leading money markets. accompanied BY
reports of increasing mercantile discounts.
Among special trade features OF the
week are tho increased demand for fin
ished forms Of iron and steel, following
the check IN the demand for crude; in
Creased activity among manufacturers
OF clothing and cheaper grades OF Jew
elry ana an enlarged demand for dry
goods. hardware, clothing and shoes az
the west, particularly Chicago and St
Louis. IL should also be noted there IL
a prospect that whisky production viii
be curtailcd; the demand for shoes
among manufacturers Is slower in start
ing up than expected. and the season
Tor hbht weight domestic Woolens has
been only from one-third to one-half OF
an average, owing 70 the low prices asked
Tor European products. Agents are ask
ing 10 per cent. advance on spring SAM
pies Of imported plain wooens and %
per cent advance for MOhars. Savan-
nah, Jacksonville and birmingham at
the SOUTH report visible Improvement in
general trade, and as expected, Atlanta
and Chattanooga locally.
The total number Of business failures
throughout the United States, as reports
ed to Brndstreers this week. Is 2i8,
against 2l3 last week, and as compared
with 2ls IN the week year ago. In the
was 8i0, and In the year prior TO that
date II was IA.
review OF trade tomorrow, win say:
Movements OF exchange and Of gold have
somewhat affected all markets this week.
Exchange has fallen, though not because
commercial increased
and exports of specie though diminished.
will reach about 100000. 1t Is conhdent-
~ believed that the international syndi-
cate viii allow no financial disorder and
many are certain that an issue Of bonds
will come. But the root Of the difficulty
Is not removable by bankers, namely, that
merchandise exports disappoint the gov
eminent and the syndicate, and falling to
meet the cost OF the merchandise import
"a leaves "A heavy balance 10 be maid
abroad. August imports exceeded exports
by S5,2s2l2g, and net exports Of gold were
Sl5159,7S2. A small cotton crop, with large
stocks held abroad, a slender demand for
Atlantic wheat, with Russian arriving in
London in large quantities, and merchan-
disc imports at New York 30 per cent
larger than last year Ia September thus
far, scarcely promise speedy change, The
volume OF domestic trade measured by ex-
change is 20 per cent. greater than last
year, but 9S per cent less than in 1892,
Is not quite as near the record of full
prosperity for September as for August or
July.
In spite Of gold exports wheat advanced
for some days IN all nearly cents. Corn
rose and fell In sympathy with wheat with
as little reason. Western wheat receipts
for three weeks Of September have been
l6.7si,66O bushels, against 16.isi,629 last
year. while Atlantic exports, four includ-
ed, have been 5,9il ,G94 bushels against T.
G2l 1886 last year
Good reports OF foreign crops, weakness
of flour IN Minnesota and large exports
Of corn from this country all work. againsu
q rise in wheat, though scarcity Of con-
tract grades may help a speculative ad-
%
ing, a fraction each day alternately, shows
no settled tendency, big stocks balancing
an undoubted, but as yet not definite de-
crease IN yield.
The surprising increase in production
and advance in prices of iron seem to be
bringing a natural check, as prices have
gone so high as to cause some purchases
ducts, and have also caused a distinct
shrnkage in the home demand
The cotton mills which laid in stocks OF
cotton below cents are enriched by the
advance in material and are enabled. to
make frequent advances on goods when
are sustained. The present demand Is
dull, but there are no reports OF stoppage,
and the threatened strike at Fall River
does not come. The woolen manufactu-
rer Is doing well in dress goods and
hosiery, but the demand for mems WOOL
ems is much restricted and few mills
have closed.
Commercial failures for two weeks of
the month were 81, 154,2A this year, against
S2 867, ,764 last year and IS, ,260 S13 for the
were of manufacturing concerns. against
ss69,li6 last year, and 23ll, ,5S6 of trading
concerns, against Sl,796.048 last year.
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