The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-10-17
KNOCKS OUT TRADE.
callers IN GOLD MAKING AN
EASY AND SURE PROFIT.

,.,l,ers and Business Men I'm the
s.,tcs where the silver Agitation
=. strongest Making Purchases of
,ne yellow MetnI-The Excess OF
,,orcbandise Exports Over Inn
IFS One of the Most Favorable
FEATURES of the Hour.
Nv York. Oct 16-R. G. Dun & Co. win
-. tomorrow in their weekly review of
.~.5s. cold commands a small premium.
,.a most powerful force in business at
-.osent is a conservative timidity, and the
t..sign bankers who have been offering
~ small percentage to ensure people
.-oinst a premium on gold until December,
have made an easy and sure profit out of
rrsvalent apprehensions.
.From Kansas, Nebraska and other
..+es where the silver agitation is said
=. no strong. come orders by many bank
We and business men to get them gold at
mail nremium, and there has also been
s.r,s demand for boarding, from individ-
,.ls in other states, who are afraid even
If the own best judgment
IOWA commercial change which, more
.
.bsn any other, ensures Better business in
he near future, is the excess of merchan-
5ise exports over imports.
"q,be heavy movement OF grain is the
oornerstone. Confidence as to the future
LIS trouble in some industries, because
sne-ulation in materials raises prices, so
tbat the demand for finished products is
"Boot and shoe makers get very narrow
orlers at old prices, or at an advance
lass than 10 per cent Difficulties threaten
the iron manufacture, for pig is higher
Bessemer al SLID, and gray forge at
N75 while plates, angles and beams are
reajser various combinations holding
nrices only by leaving outside competit-
6rs 10 take the market as far as they
can. Steel bars are largely sold at l
conf while 10 cents is demanded for iron.
All the nails that outsiders can produce
are sold at less than the association asks;
Iulets are still sold for less than the pool
price. and it's shipments in September
aggregated only $4,000 tons, mainly on
sheet and tin plate bars, and the demand
for rails is growing small.
.oVool is stronger, with continued spec
Native buying but consigned wool has
baen mostly Withdrawn until after the
election No gain is at present possible
in goods. and though the number of mills
starting for the week is fifteen against
seven stopping much of the work done
Is in anticipation of a better demand
than now exists. The cotton manufactur-
ers have also started more spindles, but
the demand for goods scarcely increases,
and print cloths sell at 2.56 cents.
1.-THE failures for the week have been
S2S in the United States, against 1853 last
year and 10 in Canada, against 46 last
year"
Bradstreet's tomorrow will say; While
the volume of general trade has not in
creased materially, new conditions are IA
vorabe to an early improvement. Features
of the business week are the continued adj
vance in price and strength of wheat, and
the maintenance of a large volume of
wheat exports, notably to India and Aus
trala
while wool is no higher, holders have
sold enough to render them Indifferent to
immediate business and are holding stocks
for full figures.
while new orders for iron and steel pro-
ducts are not being placed freely, they
would be if makers would accept current
quotations for 1897 delivery. Southern pig is
% cents higher, and Notwithstanding the
growing export trade in iron and steel has
been checked by higher ocean freight rates
and cut prices by German steel makers,
1t is anticipated that within three weeks
the domestic demand will meet expecta-
tons
Cotton goods continue in unsatisfactory
demand Mills are running on full time, but
stocks tend to increase again, and jobbers
and ether wholesalers are slow to pay the
advance asked while having lower priced
stocks on hand
The depression in wooden goods con-
tnues marked, and the mills running be-
Ing on part time or on samples.
Prices continue the upward tendency
OF several weeks past; shoes, leather,
southern pig iron, wheat, wheat flour,
canned goods Indian corn oats, pork,
coffee and print cloths being higher; pc
toleum lower, and cotton, anthracite
coal lumber, sugar and various finished
products Of iron and steel unchanged
Bank clearings' totals amount to 1884,
eoe0 this week, 6 per cent. less than last
week and 146 per cent. less than in the
second week of October, 1895.
Inc total number of business failures
reported throughout the United States
hls week is 279, twelve fewer than last
week and ten less than in the second
week of October, 1896"