The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-10-05
A GOOD OUTLOOK FOR TRADE.
COLLECTIONS NOTICEABLY M
PROVED N THE SOUTH.

Georgia and Texas Merchants and
Farmers Conspicuous for Liauida-
ting Their Indebtedness and An
ticipatinE Payment of Commercial
Paper-Wheat, Corn, Oats and Pork
the Only Commodities NOticenbly
weak in Price-MOst Other Prices
Higher.
New York. Oct. 4.-Bradstreets tO-mor-
row, Oct. 3, will says: "Seasonable wealth
er has stimulated sales Of merchandise and
increased the prospects Of a favorable
fail trade generally. Among the less IA
vorable features are moderate demand in
staple lines on the Pacific coast, a reaction
in the volume OF business at Baltimore
and the check to the advance in prices of
iron and steel. with a reaction of about
81 per ton at Ohio Valley and Pennsylva-
MIA centers.
''The prices for iron and steel at west
ern centers are firm. and dealers are said
to be sold eight months ahead. Mercan-
tile collections are very generally i'm
proved, more particularly south, Georgia
and Texas merchants and farmers being
conspicuous for Equidaung Indebtedness,
and anticipating payment Of commercial
paper.
price movements this week present as
marked contrast as in preceding weeks.
A further advance in cotton has pushed
up prices for cotton goods, notably print
cloths. Coffee and sugar are higher. and
rOsin tends upward. Another advance for
anthracite coal is coupled with the an
nouncement of fractional increases for
copper, tin and lead. On the other hand
the three leading cereals. wheat, corn and
oats, have all gone off again. while heavy
receipts in live hogs have further depress-
ed pork and lard.
'''Ihere are 239 business failures report
ed throughout the United States as COM
pared with l9S last week. 2l5 in the week
one year ago, 800 in the first week of Oc-
tOber, 1893, and 1893 in 1892.
The general dry goods trade has i'm
proved with more SeaSonable weather,
large eastern jobbers reporting a material
Increase in the demand. The unfavorable
spot is in men, wear woolens, the spring
sale for which was unsatisfactory, owing
to foreign competition. Wool remains &C
tive and strong on heavy demand abroad
and a firm London market. The sales of
wool at Boston this week are the heaviest
on record, amounting to l2,OOOO00 pounds,
500 900 pounds of Montana having been sold
to go TO Bradford, England.
Trade conditions south are improving
with the free movement of cotton and the
high price Of that staple. With some eX-
ceptions leading southern points report
improving trade and advancing prices for
dry goods, hardware, leather and shoes
r. G. Dun a Co., in their weekly review
of trade tomorrow, will say: The COM
mercial failures in the third quarter of
1895 We're 2,792, with liabilities of So, l67 179,
averaging Sll ,521 per firm, against $40,
OPS last year. about Is per cent. more The
rate of commercial mortality, 234 failures
in quarter for every 1000 firms in bus
mess, is lower than last year, and the
proportion of defaulted liabilities to the
Irna
through clearing houses is but S2.49 per
$1,000. against $2.0 last year.
Highly important comparisons OF prices
this week show about Sept. the lowest
range ever known for wholesale prices
OF all commodities, Notwithstanding adj
vances since March of 20 per cent. in cot
ton goods, 40 per cent. in boots and shoes
ucrs, while in wooden goods there has
been scarcely any advance, and in al
food products taken together a fan of i
per cent.
Reports from other cities at the enc
of the quarter are highly cheering II
facts recorded, and reflect a hopeful spir
it.. Beyond question, the quarter has
shown astonishing Improvement in som'
branches, and the distribution has gen
orally been good, though not commensur
ate with speculative wholesale purchases
as prices We're rising. Hence there is
marked decrease in buying, which som,
branches of industry begin to feel.
1.-THE money market is stronger, witt
heavy demands from the interior. AL
fears of gold exports have ceased.
The failures in seven days have beer
POI, in the United States, against PIG las
year, and Al in Canada, against 40 las
year."