The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-11-28
Trade IN A LITTLE TRANCE.
r SPOT IN ALL lines BUT BET
TER TIMES AHEAD.

rss Falling on in the Rush of Orders
,nediateIy After the Election
-. natural Let Up Monetary
,,mcuIties No Longer in lsx-
noe and Lenders Now Seeking
.oxvers-Prices in Most Lines a
Little Lower.
w, York, Nov. PR. G. Dun & Co.
-, sav tomorrow in their weekly review
,.rode when the rush of orders after
i Lection slackened many began to think
BUSINESS dwindling. But subsistence of de-
i I'D orders is not a decrease of business.
i monument is observed in the iron
stee1 industry, because various combi-
4 IONS have been and are still retarding
Il -sors nv prices which buyers believe can
80 no maintained, and the same is true in
hoots and shoes, and in few branches of
4 .+ue goods. But business is, on the
4 -nols enlarging, and the employ
1T of many more hands will
4r+ond purchasing power. The set
81 .,.r,ent of the window glass con-
e ..orersv. starting many thousand hands,
+ and the COLLAPSE VI sumo AAiPOi eseiAS 4AOii
.,n,binations with the same effect give
n misc of more business. Broadly speak
-. the gain has been greater than anybody
4 'nacted and it is not surprising if a small
,t of it is in excess of the present con-
4 Stunning demand.
nRenorts from all parts of the country
4 sbov clearly the enlargement of trade, not
a. oil points in the same branches, but ev-
oryhodv helped by a more confident feel
Inc Monetary difficulties have vanished,
.sif nv magic, and banks with an uncom-
fortablv large supply of idle money are
hunting borrowers. as the borrowers were
recentlv hunting lenders. Enormous gains
in hank deposits, $37, 100000 in two weeks,
indicate something of the amount of the
Il funds recently boarded.
"Cot+on has gained only sixteenth, af-
,or ms considerable decline, and the re-
roarkablv heavy movement puts the spec
,iators for an advance In constant diff
ecuIties and yet there is to be remem-
bered that the crop was nearly one month
earlier than usual, and the present ex-
cess over last years movement may be
reduced hereafter. Nevertheless, the fact
annears that northern mills are taking
much less cotton than in previous years,
and the demand for goods is evidently dis
amounting 1t cannot be said that prices
in this department are the hindrance, for,
even with some recent reductions in quo
tations. the sales of staple cottons are
comparatively small.
"Wool was and is still bought largely
for speculation, and earlier purchasers
are unloading on the latter, but the mills
are not Yet doing much more than in
october. A few more have been started,
but there is scarcely more demand appar-
ent for staple goods.
1.-THE boot and shoe industry is still
hindered by the general refusal of deal
ers to pay the advanced prices demanded
by manufacturers, except for the limited
quantities which are Immediately re-
quired, and, while most manufacturers are
working on orders taken weeks ago at
lower prices, which will keep them busy
for some weeks to come, very little new
business is coming. No further advance
of Importance has been made in leather,
and the market for hides has sharply re-
acted, so that the average of prices is
slightly lower than Nov. r.
THE collapse of the nail combination,
and probably Of the beam combinatio and
considerable reduction in quotations for
nails and beams, gives reason to look for
larger demand for products of iron and
steel, but at present the sales against
speculative purchases made some time ago,
are depressing prices and Bessemer pig
has sold at $12.25, and, according to some
reports, is little lower at Pittsburg. The
demand for such products as are not con-
trolled by the combinations is somewhat
increasing, but not to so great an extent
as was expected. Failures for the week
number 800 in the United States, against
Hs last year, and 3S in Canada against S5
last year.
New York, Nov. N.-Bradstreet's to-
morrow will say: Last weeks disap-
pointment at the lack of demand in gem
eral lines continues, the Intervention of a
holiday having made trade quieter and
the volume smaller. At some points of
distribution there is no change in the sit
uatlon. Mild and unreasonable weather
prevents q more active distribution of
clothing and heavy goods, and the volume
moving is smaller. Where business has
been more active it is due to filing in
orders and to the demand for holiday
goods. Confidence in a revival of the de-
mand, which has not yet appeared, was
responsible for the starting up of some
Ills and factories, which are dissatisfied
with their prospects. The most encour-
aging reports are of an improved tone of
Haue and favorable outlook for 1897.
The larger number of changes in the
prices of staples were downward this
week, petroleum, turpentine, hides, APP
pies cotton, and wheat -four being lower,
IN addition to prices of metals. I'm
changed quotations are reported for WOOL
PRINT cloths, leather, pork, sugar and cof-
lee. while the leading cereals, wheat corn
and oats, responded with advances, as do
Inc prices for lead, lard and tin.
reaction in the demand which appear
ed Immediately after the election, to-
gether with the Intervention of the
thanksgiving holiday, accounts for the
sharp reduction in the total bank clear
lhgs throughout the country, the total for
which is $9lO000,OO0 this week, nearly "a
per cent. smaller than last week, but
ri larger than in the corresponding week
one year ago.
There are 295 business failures through
out the United States this week, thirteen
leWer than last week, and seven more
IMAM in the week one var ago."