The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-11-07
OUTLOOK IS BETTER.
covFIDENCE REVIVED BY THE DE-
FEAT OF FREE SILVER.

,,.,ev TO Be Easy and Loans Obtain |
,tIe Vow That Would Not be En-
..rtained "a Week AgO-NumerOus
Industrial Establishments Start
rn-Orders Contingent on the De-
cont of Bryan Now Being Executed
NV York, Nov 6.--Bradstreet's to-mor-
a -. will say: "The expected has happen
IN the success of the fight for sound
sorev. one result is a return of coni-
5ancs in the stability of values and in an
a ..rlv revival in the demand for staples.
ouer rates of interest and a willingness
an the part of banks to make loans which
"a lad previously been declined, are addi-
.,,ra1 evidences of the meaning of the
r,ointenance of the gold standard. Bush
4 ness was practically suspended through
Y ont the country early this week, and there
q has heen little increase in the volume
4 SINCE the election, compared with like
,,ariods in preceding weeks But manu-
lecturers are more inclined TO purchase
in advance instead of for nearby wants
ool,. and in a few lines, notably wool
cotton. iron and steel a larger volume of
purchases is reported That merchants
generally share the confidence in an early
revival is indicated by hardening staple
nrices and the increases in quotations in
addition to those given in preceding
weeks.
"sales of cotton goods have been freer
and some mills are better employed.
"Woolen mills also report more orders,
and tendency to prefer higher cost
goods
Numerous industrial establishments
which have started up within two days
report being offered large orders if they
would sell for 1897 delivery at present
prices. Millions of dollars worth of or
ders for general merchandise given con-
tingent on the success of sound money are
now being filed. Owing to the lateness
of the season, few have regarded the out
look as promising much in the nature of
a boom during the current year.
AT few northwestern commercial cen
tiers large orders have been received from
country merchants within few days,
and in Georgia farmers have met their OBJ
legations this autumn more promptly than
for years past, and southern merchants
and manufacturers are reported looking
ahead confidently to a marked improve
ment IN business In the near future.
Bank clearings total continue below the
billion dollar mark, $995,O0OO00 for the past
week, an increase of per cent over last
week, but a decrease of u per cent. COM
pared with the like total last year. Reac-
tons in quotations are conspicuous only
for Indian corn and lard, while prices for
oats pork sugar and petroleum are firm,
and practically unchanged. Pig iron is Csc
higher with sales for considerable amounts
in the western market Lumber is firm, the
tendency is upward and there is an adj
vance for white pine. Renewed demand
for cotton goods and placing of orders with
mills advance print cloths. Cotton, rosin
and turpentine are higher as is coffee,
while wheat under the stimulus of a strong
statistical position, and to an extent the
results of the election, reports another
marked advance.
R. G. Dun & Co. will say tomorrow in
their weekly review of trade: "A great
revolution has been effected this week in
the conditions which control business. 1t
can not be in any fair degree reflected as
yet in the transactions or in records but
there is ample evidence already that
crushing weight has been lifted and rolled
away and the business world has begun to
adjust itself to a state of freedom and Sc
curty which it has not known for years.
Dread of immeasurable disaster no longer
locks up resources and paralyzes enter
prise and new contracts involving many
millions have become binding since the
election.
THE instant vanishing of the premium
on gold, which had reached about per
cent, the unlocking of many millions
which had been boarded, the collapse of
the interest rate from and u to and 81
per cent, and the quick demand for Amer
can securities on foreign account are signs
of more lasting promise. The lifting of
the load of peril and fear, all men know,
is an incalcuable relief for industry and
trade. Speculation in cotton was excited
on the theory that the mills would now
start up, as many have done, and would
meet a large demand for goods But the
advance was met by realizing sales and a
slight reaction. 1t will be all the better
for business if bright hopes do not hoist
prices too fast.
The election Immediately stiffened the
prices of pig iron, which reached S12 at
Pittsburg for Bessemer, and the certainty
tnat many large orders for buildings and
bridges and other finished forms would
now become operative justifies some adj
vance. The future of this trade now de-
Ponds upon the extent of the increase in
the demand for finished products of iron
and steel, which is likely to be materially
affected by the course pursued
by various combinations. The billet
pool, which is still openly under
SOLD at Pittsburg and has caused no end
OF disturbance in business by favoring one
Cdss OF producers to the detriment of an
oIher, has been in session here, and is said
TO nave changed its basis of allotment SO
as 70 secure fairer results. The nail COM
Dhaton is now threatened with a hostile
Nasue of 1obbers and producers and is
openly undersold. The bar combination.
Notwithstanding its large rebate, is still
demanding more than the prices at which
sleel bars are sold in great quantities.
slight advance in sheetings and print
cloths is the only change which vet an
pears in the market for cotton goods. and
practically no change has yet appeared in
Woolens.
Failures for the week have been go in
me United States $50 last year and So in
canada against 40 last year.