The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-03-02
BUSINESS A LITTLE BETTER.
GAINS IN THE VOLUME OF TRADE
IN THE SOUTH.

The Situation in other Parts of the
Country, However, Not Much Inn
proved over the Past Few Weeks.
Sterling Exchange Again Close to
the Exporting POint-LOndOn StiII
Selling American Railway shares.
The Record of Failures.
New York, March 1.-Bradstreet's to-
morrow will say while the course OF
general trade during the first two months
of the current year has been disappoint-
ing February ends and March begins
with tangible, though not as yet salts
factory signs of Improvement. 1t is en-
couraging to note that gains are re-
ported in the volume of trade at almost
every southern city, Notwithstanding ad-
vices from northern cities whose job
bers supply southern and southwestern
markets that the low prices for products
had curtailed the purchasing ability at
the south and southwest.
AT the west there is less encourage
ment, improvement being reported only
from Louisville, Chicago. st. Louis and
St. Paul. Milder weather has not fav-
ored the business situation at the north
west.
1.-THE movement Of phosphate is more
active at Charleston and business is in
creasing at Nashville, although the south
ern country roads are heavy.
1.-The approaching international fair at
Atlanta results in tho employment of more
people, and merchants are more hopeful,
believing a decreased cotton acreage and
increased culture in other lines will bene-
fit the planter financially.
Savannah, Jacksonville and Birming-
ham report a moderately Increased de-
mand, as does New Orleans, the Mardi
Gras having drawn many visitors, and
the action of the Senate as to sugar
bounties having stimulated better feel
ing Weather conditions in Texas have
also resulted in gain"
r. G. Dun & Co.'S weekly review of
trade tomorrow will say: mo gold goes
out though sterling exchange has risen
close to the exporting point and it does
not yet appear that the syndicate has
yet made any effort to control the ex-
change market. London has sold about
10000 shares of stock during the week,
and the market is distinctly lower for
railroad shares, though a shade stronger
for trusts. The stock market waits alb
jectly for London, and foreigners show
thus far more disposition to sell than buy.
The Withdrawals of gold by the redemp-
ton of legal tenders have not ceased, but
since the closing of the syndicate con-
tracts have averaged about $4,000 per
day There is no essential change in the
money market, though rates are some
what higher
Agricultural products are a shade
higher but without any reason which
looks to future operations.
More people are idle in the great in
dustries than were idle last week, but
not for reasons which distinctly affected
the future. The industries make very slow
progress.
Little is said Of the stoppage of the Ed
gar Thomson steel works, though many
thousand hands depend on its operations,
because the Carnegie Company has pur-
chased $1,000 tons of Bessemer pig at 1896
to $10.05 at Pittsburg, price indicating
that the biggest concern in Western
Pennsylvania does not want to make iron
for less At other markets pig iron has
been quiet and elsewhere, as at Pittsburg,
structural orders account for a large share
of the new business reported, though ac-
tivity in wire, wire rods and barbed wire
still continues. Bar iron and steel are
firmer at Pittsburg, but without increase
in quotations, and on the whole, the re-
duced consumption in January does not
seem to have more than matched the re-
duced production.
THE market for cotton goods is fairly
active and the demand improves in
some grades, but is on the whole decidedly
disappointing, though this week there
has been no sensational reduction in
prices Undoubtedly the accumulation of
goods continues and is the most danger
Gus feature for the trade.
THE failures for the three weeks OF
February have shown liabilities amount
ing to SS523. OPS, against 81 ,420 4lS for the
same weeks last year; in manufacturing
81, 557, 050 against $5,045.S47 last year and
in trading S526O.330, against S6,2Sl,693 last
year. The failures for the week have
been go in the United States against PSI
last year, and in Canada IS, against Y
last year"
RATT, AyD C,ROSsTJE.