The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-01-02


The roDorts OF the commercial agencies
a..+as.i in our d-'atches yesterday just
FL. ODE conclusion that business WI. be
more arosperous curing the year that has
H=t b.sun than H. was during The year
.at sJ closed. There has been progress
towards better time ever since the money
.srr " 1888. AZ times the progress has
been .ow-so slow .n fact that there was
doubt whether any progress at all was
being made--but taking the whole period
tH-s.. r-the period from 1893 10 the c.ose
Of 1851 lit is apparent that there has been
srsa. provement in nearly ali kinds Of
1-~U ana industries. And.tha this i'm
pros. meut is to continue there IS no good
=, .a 10 doubt There IS an abundance
- money which can be had at very low
-5.ss Of interest on good security, and the
confidence in the future is becoming so
strong rhat there Is greater readiness to
embark in new enterprises.
in Uking survey of The past and a
glance at the future the conditions which
prevail throughout the whole country
must he taken into consideration. In some
sections there may be a feeling Of depres-
sion, owing 10 local causes but In other
sections there is 10 be found firm belief
that The country Is entering upon period
of unprecedented prosperity. Here in the
south the low price OF cotton is causing
farmers and business men to complain,
and In the New England states the cotton
manufacturing interests ere suffering from
southern competition. The southern fac
tories have more orders at profitable prices
than they can fiji. Hence while south
ern farmers and business men are doubt
ing whether prosperity has yet returned
southern manufacturer are satisfied that
it has and they are confidently predicting
that the time IS not distant when the
south will not only raise the cotton which
the world needs bur VIII also supply the
worlds markets with cotton fabrics.
The west is prosperous because the grain
crops Of that section were remarkably
good last year, and they are being sold
| for remanerative prices.
But Il is chiefly the rapid increase in the
volume of our exports of manufactures
which makes the outlook for the future Of
this country so promising We now con-
troll the domestic market for all articles
which we manufacture and we should
continue to control it even if all tariff
duties were removed because. owing to
our more slillful labor and better labor
saving machinery we can produce most
kinds of manufactured articles more
| cheapy than they can be produced else
where. Only those who have taken the
trouble recently to study the statistics of
our exports realize how great the volume
and variety of the exports of products of
our factories are. 1t is not TOO much to
say that we are gradually capturing for
eign markets. Only yesterday it was
stated in our dispatches that one firm in
Cleveland, o., had just sold to a company
in Cardiff, Wales, $20.O0ooO0 worth of pig
iron Only a day or two ago it was an
nounced that an American firm had OBJ
tanned The contract for building the great
bridge Of Holland. We are shipping steel
rails to Englnd and India and locomotives
to Russia ana South America. We are
sending paper to Japan and England and
our carpets and shoes are sold in nearly
every city of Europe. We have no compet-
itor practically in hardware and agrlcul-
tural machinery and implements. A glance
at the list of manufactured articles which
we export is well calculated to create the
Impression that our manufacturing re-
sources are being developed at a remark
able rate and that the statement that we
shall have control virtually, of the mar
zets Of the world before many years is not
an extravagant one.