The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-09-19
BUSINESS OUTLOOK BETTER.
spECrLATIvE PURCHASES INDUCED
ny THE LOW PRICES.

s-,rolus stock of Cotton Goods
,areeIy Reduced-COnfidence Con-
.tnueS Among Manufacturers of
-, and steel-The Sales Of GEN
raj Merchandise Also Increasing.
mare Cotton Mills Starring Up.
NV York. Sept ls-Bradstreet's to-
Low will state: THE moderate i'm
nrovement IN trade the past few. weeks
Continues, and is emphasized by. further
soecrlative purchases of wool, renewed
s,,,,ina by. wool manufacturers, the reduc-
don of surplus stocks of cotton goods
Increased demand for seasonable fabrics,
Continued confidence among manufactur-
arc of iron and steel that there will be
or early revival in demand and improve
MONT N request for staple goods in the
south Atlantic and Gulf states.
.eT1,e volume of sales of general mer-
obandise shows small gain over last
week and the feeling among wholesale
r,erchants is one of more confidence in
q comparatively early Improvement I'm
o,nactedly large sales of dry goods are
renorted from Boston, Chicago and St
tonis with indications that they may
continue throughout the month.
..Nfuch of the gain at the south is due
. ,o the rapidity with which the cotton
crop is being gathered and marketed.
New orleans reports banks lending more
freely than anticipated, and the outlook
consequently more encouraging.
More cotton mills are starting up, but
there is relatively less improvement in
vooIen goods, varieties which sell well
being the exception.
shoe manufacturers report little doing
bevond selling samples for spring delivery
and few case orders likely until after
the election.
Mercantile collections are almost uni
versally slow, some centers reporting them
almost impossible to make. The money
markets are somewhat less stringent, Out
rates continue high.
iron and stell prices are firmer in the
expectation of a revival after the election
and quotations of leather are firm on the
advance in hides Sugar and cotton quo
tatons have been lower.
THE total number of business failures
throughout the United States for the week
is 315, which is seven more than last
week. 81 more than the corresponding
week last year, 81 more than in the like
week in 1894 81 fewer than in the CORE
spending period of 1898 and not quite twice
as many as in the like period of 1892. The
increased proportion of the number of
failures of concerns with large capitaliza-
ton continues noticeable"
R G. Dun & Co. in their weekly re-
view of trade tomorrow, will say: There
is still no distinct Improvement in bust
ness although conditions favor it, Con-
fidence slowly rises, speculative buying
rfo1 fi1f,r i'm
ports of gold do not cease, and the Bank
of England has not tried to check them
by further advances in rates, as the
weight of the demand now falls upon
France. But an enormous business is
held back until the future is more clear
Outside of speculative markets the i'm
preston grows that certain and safe re-
vival may not be expected until Novem-
ber
The cotton, hides, wool and pig iron,
buying openly speculative in character
marks the current business.
Resumption of work by a good part
of the Fall River cotton mills and adj
vances in some kinds of cotton goods,
helped to raise the price of middling up
lands to S7s cents again, though realizing
sent it down to S1a. The favorite specula-
tive estimate, which was about 100000
bales in error year ago, alarmed many
by naming 7S00,00O bales as the minimum
wide enough in itself to suggest doubt,
but either quantity with the stocks car
ried over is more than the world has
ever consumed
me one Industry showing increase of
working force is the cotton manufacture.
restriction OF output having secured more
healthy demand for some goods Most
OF the mills have started ora are about to
start though the uncertainty of the cot
Ton market embarrasses them.
The prices of staple goods have ad-
Vahced so generally that the average Of
representative quotations is 81 per cent
ngher than in the first week of August
me IRON and steel manufacture is stl
with half its yielding capacity idle. bur
hopefulness and the speculative buying
sustain prices. Sales said to amount to
Io,VV tons, are said to have been made
VI Alahama iron for shipment to England,
Dul me home demand does not enlarge
al all and the various associations still
hoid combination prices, though the de-
mand ls remarkably slender.
hold Imports continue, over $4,000
having been ordered, making $S6. 1856 600
IN all OF which about $24, $3.50, 900 has ar
rived The interior movement draws off
.ne money about as fast at it comes, 81
oJoOVO having gone westward this week
Inc New Orleans difficulties have passed.
Dut the northwest is making large drafts
recent heavy failures increase the eau
uon or banks, and while more CONNER
eidi paper IS Offered, the rulingarate of s
gel cent greatly retards any increase in
me failures for the week have been Sl7
the United States, against 237aast year,
ana A. against 80, in Canada"
A LAWVu,p x-v~--