The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-10-10
BUSINESS GROWING BETTER.
LARGER EMPLOYMENT OF LABOR
ONE OF THE SIGNS.

Large Transactions and Continued
Buying of Materials for Manufnc-
ture Also Reported-Whent Going
where 1t is Needed Most and Gold
Coming This Way-Fnilures Shll
More Numerous Than a Year Ago.
New York, Oct ar. C. Dun & Co.
will say tomorrow in their weekly review
of trade: Distinctly better conditions
have appeared Of late and are reflected
in somewhat larger employment Of labor,
in large transactions. and In continued
buying Of materials for manufacture. A
great part of the change is due to those
resistless laws of supply and demand,
which take wheat where it is wanted and
gold where it is wanted. India is waiting
for cargoes of wheat on the way from
Pacific states. just as Australia and South
Africa were not long ago. The surplus
usually available from India disappears
and the supply from Russia and European
countries is reduced. according to late es-
timates. 100000 in bushels. Happily, this
country has a supply which official ag
ures have not correctly measured, II act
ual movements do not greatly mislead. a
feature Of large Importance, too, is the
unusually heavy foreign demand for corn,
which is a rarely failing sign of deficient
crops abroad, where other grains are
used instead when wheat becomes scarce
and dear. 1t is another good sign that
railroad earnings, amounting to $SS,7i5,-
3lS in the United States for September,
show a smaller decrease than tn August,
. asr,rT al
last year.
THE iron furnaces in blast Oct. I had
a capacity of 1l2,7S2 tons weekly, against
49, 800 Sept l and PIT 3O6 Nov l last year
while the unsold stocks decreased 49, 52
tons, but If those of steel making con
Germs were included would probably show
an increase. Buying of materials con-
tinues but Bessemer is a shade weaker
$1l.40 al Pittsburg. The demand for prod
ucts is so light, and so much business is |
held back pending the election that de-
creasing output is not an unhealthy sign.
There is quite a good demand for sheets.
especially in the west, and a better de-
mand for pipes, and outside concerns are
getting large contracts in steel and iron
bars and in nails, but prices have not
been reduced.
Minor metals change little, with a
Slightly better demand for copper. Lead
is quiet and tin weaker but the Euro
pan FAsiDAC supply odsoVV tOllSs - ouuJ
greater than a year ago. Some Compel
ing American manufacturers are making
large sales of 100-pound tin plates at 1920.
the outward movement of money to
the interior has been 100000 for the
week, and little is doing in commercial
loans with the rates about y per cent.
higher than a week ago.
Failures were 296 for the week in the
United States, against 26S last year, and
4s in Canada, against 50 last year."
Bradstreets tomorrow will say:
"Colder weather, continuing heavy re-
ceipts of cotton and wheat, and other in
fiuenees have stimulated the demand for
staple goods at various points, but the
volume of trade remains moderate, with
out material change from a week ago.
The tendency at some centers is to a small
er volume of trade, but the general out
look is for an improved demand after the
election.
Except in the cotton and wheat re-
gions mercantile collections continue I'M
satisfactory. Trade improvement is re-
ported from Atlanta, Augusta, Charles
ton. Birmingham, Ala, New Orleans and
Texas cities.
Print cloths are lower, as are cotton.
sugar and oats The recent advance in
wheat is firmly held as is that in WOOL
iron and steel Some varieties of pig
iron have advanced 25c per ton. Higher
quotations have been made for wheat
flour, Indian corn, pork, lard, coffee, pc
troleum and leather
Bank clearings throughout the United
States aggregate Sl,095, 100000 this week.
is per cent. more than last week. but
per cent. less than in the corresponding
week one year ago.
"A further decline in exchange to the
gold importation point has resulted in re-
newed engagements of gold in London.
amounting to about 100000. Some
further amounts may also have been
taken in Paris Silver has declined on
decreased Indian demand.
September gross railway earnings
make a better showing than those for last
August, although both show smaller to-
tails than in the corresponding periods a
year ago. The best showings made are
in the south and southwest, the coalers
roads. one Canadian line and the Trunk
lines decreases are found in returns from
the Granger, Central Western and Pacific
roads.
There are POI business failures in the
United States reported this week, a de-
cline of "a as compared with last week,
but an increase of II as compared with
the first week in October 1895.