The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-05-23
BUSINESS WILL GET BETTER.
GOOD CROPS AND sOgND MONEY
WILL BRING 4 BOOM.

The Business World Looking For
ward ~ the Future Full of Hope.
Noaeyed Men Watching for the
Risht Moment TO Buy al the Bot
tom-The Giving Out Of Thousands
OF Orders EnG Contracts Merely
Deferred
NV York, May PR C. Dun & CO.
will say tomorrow, in thcir weekly review
Of trade. The failures for the week have
been 217 in the United States. against "a
last year. and IS in Canada. against :
last year
There Is nothing ike reaction in bust
ness. though the volume is small. Manu-
facture.s are not gaining on the whole,
but very few are losing. Railroad stocks
average a shade higher than a week ago,
and there is abundant evidence that men
OF money are watching for the right mo-
ment TO buy at the bottom. certain that
good crops and definite political prospects
will bring Improvement in the fan. The
business world has the best of reasons
f0r refusing to so into d panic, and it
looks hopefully forward TO definite i'm
provemeut soon as political uncertain
ties are out of the way.
some people nothing better than stagna-
a
ference Thousands of orders and con-
traits are merely deferred because they
can more safely be given little later. II
the out put of pig iron was always rGll-
able barometer of business conditions, as
some suppose, the returns of the furnaces
ia blast May l. according to the Iron Age,
1888 tons. against lSl,4Jl April ]. would
be convincing But the increase OF stocks
UusOld since Jan. / has been 2i3.ylj tons,
and this, deducted from the output Of the
furnaces, leaves 2,G6,3iS tons for four
is n
the actual consumption, because the
stocks of the great steel company are
not included in the statement. Since the
steel billet pool was formed these stocks
have doubtless increased largely. There
is scarcely any Improvement in the de-
mand for finished products. though the
Bar IRON Association has become strOIs
enough to enable makers Of steel to get
slightly higher prices.
"Bessemer pig is a shade lower. and tho
ablest observers OF the iron market no.
tee that there is glaring incOngruity be-
tween pig at $3.50 billets at S2J.2j ana
steel rails at SIS.
The textile manufacturers are stin
waiting, as they have been for months
past and the extensive curtailment or
production does not strengthen prices in
the lowest"
New York, May 22.-Bradstreets to-
morrow will saw: "The reactionarv ten
dencey in prices. shrinkage in railroad
earnings, the falling off in bank clear
tngs and the fact that the present con-
StILuteS the beginning OF the s~lWeeQ-
seasons period, include the more con-
splcuous features of the general business
situation. on the other hand business
failures have fallen off sharply.
THE total number of business failures
throughout the United States this week
shows a marked falling off from the
weekly average during the past Iour
months, 2l6 compared with 265 last
week and POS in the like week of 1895.
1.-The most favorable report comes from
Kansas City, where the movement OF
merchandise continues relatively quite
active mercantile collections are fair, and
trade prospects were never better. I'M
prOVement is also noted on the Paclnc
coast, due to the weather which has
rendered the crop outlook more favorable
and stimulated purchases in staple lines
The boot and shoe industry IS con-
spicuOus in that the demand has revived
sufficiently to furnish most factories with
orders for some time ahead and to slim
ulate quotations for hides, leather and
shoes
a moderate increase in the request Tor
raw material, but nothing suthclent TO
strengthen prices
AT the south the most encouraging
report comes from Savannah, where eN-
cursiOns of country merchants, farmers
and others have resulted in an increased
volume of business among wholesalers.
Georgia, South Carolina and Tennessee
truck farmers complain that want OF rain
has Injured the crops. Wholesale mer-
chants at Galveston are not pushing bus
mess and report the demand unusually
General trade throughout the central
west has not met anticipatiOns. Decreases
in prices of staples are for wheat, Hour,
Indian corn, oats, lard, sugar live hogs
petroleum and foundry pig iron. Practl-
Cally unchanged quotations are reported
for pork, coffee, cotton and print cloths.