The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-09-26
BUSINESS GROWING BETTER.
INCREASED CONFIDENCE IN EAST
ERN JOBBING CIRCLES

More Doing in Some staple Lines
Both East and SOuth-SO Material
Change Reported in the Central
West and NOrthsvest-Thc ImproV-
"a Demand For Wool Continues.
New York. Sept 25.-Bradstretts viii
say tomorrow: 'In eastern jobbtng cir
Giles the feeling is one Of increased conf
dence. There is more doing in some staple
lines, noticeably az the east, and at a few
southern cities. In most other instances,
purchases continue for immediate wants
only. There is little expectation Of a gen
eral revival in business prior to the cleo
ton.
Throughout the central west and north
west no material change is reported in
general trade features. Exceptions are at
Cincinnati and 81. Louis, where the de-
mand for staples is larger. Savannah and
Augusta report a marked increase in the
volume Of business, both wholesale and
retail, with satisfactory collections. Mem
phis and Galveston report moderate gains
in demand and sales. Improvement is
shown in various commercial and indus
trial lines at New York, Boston, Provi-
dence and Pittsburg.
Improved demand for wool continues,
with an upward tendency in prices. There
IS a better jobbing movement in cotton
goods. which are higher. Not much more
wooden machinery has been started Sales
Of woolens are generally of low-cost va
riety. The starting up of iron mills and
furnaces is conspicuous. but makers in
some instances seem to be anticipating de-
mand
Stocks of pig iron have nearly doubled
since Jan. !, while the producing capacity
has been restricted more than one-third.
The better feeling in the iron and steel
industry is not followed as yet by a cor
responding demand.
THE general higher tendency Of prices
of staples continues. The bank clearings
gauge of the volume of business brings
an expected decrease as compared with
last week, the falling off amounting to
more than per cent, the total for six days
ending Sept p. being $S33OOO,OOO The de-
crease this week compared with the cor
responding week in 1895 is II per cent
"The total number of business failures
throughout the United States, continues
large, 331 this week, compared with 3l5
last week, and 1888 in the fourth week of
September 1885"
New York, Sept. 25.-R. G. Dun & Co.
will say tomorrow. in their weekly re-
view Of trade; "a very moderate and
yet distinct improvement is seen, no
longer alone in the buying Of materials,
which continues and stiffens prices, but
also in orders for products of some in
dustries, in the money markets, and in
exports Of staples. 1t is as yet little
more than a step toward better things,
but has already started some important
works, and prompted a few considerable
contracts. While the gain in working
force is not great, 1t seems clear that for
the first time in many months there Is
some net gain An important change is
the general advance in produce markets.
especially in wheat, which rose sharply
on Thursday and Friday, closing 5is cents
higher for the week. Cotton advanced
an eight a week ago, but lost three-six-
teenth and with full receipts might have
gone farther, but for resumption of work
by several important mills. Much less
than the full capacity of mills is work.
ing. and the demand for goods has been
quite slack. with a decline of a sixteenth
in print cloths but in other goods recent
advances are maintained.
"a few of the wooden mills are resum-
ing, the beated demand for heavy goods
constituting most of the gain visible, but
manufacturers show a confidence that
more goods will be wanted when the fu-
ture is more clear.
Finished products of iron meet more
inquiry and the placing of contracts for
1900 tons of steel for three battleships,
for one large building here and for sew
eral bridges, explains the starting Of two
or three works. but after such months as
have passed, a little business is a gain.
a sharp fan of 81 per ton in low phos-
phorus pig and a slight rise in grey forge
at Pittsburg and in steel plates, are the
only changes noted in prices
Exports of $4,000 tons of rails this year
at prices far below those current here,
and 5000 tons of pig to England, at 1898
at Manchester, freight being at least Sis,
indicate unloading a surplus abroad to
avoid weakening markets here.
There is no change in the boot and
shoe manufactures.
THE failures for the week have been
BIS in the United States, against S16 last
year, and 81 in Canada, against 50 last
year"