Savannah morning news. [volume] (Savannah) 1868-1887, 1881-05-28
THE STATUS OF BUSINESS.
A Very Healthy Condition of Affairs
-ShOwings of Various Cities.

The New York Public says: "Last week
the strong upward movement In the stock
market continued and the general reaction
which many expected on Monday and
Tuesday did not come. Prudent men,
when asked an explanation of this long
continued advance, answer, Window and
Europe There is large buying on account
of the former holders Of government
bonds who have sold out in order
to escape the reduction of their
yearly interest to 81 per cent, and there is
also large buying on account of foreign In
vestors. The exchanges for the week end
ing May 81 have hardly ever been exceed
ed. In the third week of January and the
first week of March the amount was little
larger, but iu each of these weeks exchanges
outside OF New York were smaller than they
were last week, aud the transactions at New
York were smaller by much larger dealings
in stocks.
''In the first week of the year, with its
extraordinary annual settlements, the
amount of exchanges was substantially no
larger than last weeks, although the
amount outside this city was greater. While
New York and Boston are the cities which
show the largest increase In comparison
with last year, the returns show some in
crease, greater or less, at eyey@~eity in the
country, and In this respect are unusually
encouraging. The following shows the
amount Of exchanges at San Fran
cisco for, the week ending May IA,
ending May 81: New York, 81, ,212, ,647, ,662;
Boston, $92, ,454 $50; Philadelphia, $50 1885,
829; Chicago, S34, 1923 ,553; Cincinnati, s17,-
2S4 900; St. Louis, SIS, ,433, ,129; Baltimore,
SIS 274, $50; San Francisco, $12, 195. .797;
New Orleans, $7,S76 .929; Pttsburg, sc, &c.,
562; Louisville, $6,257, ,738; Milwaukee,
$4.234 ,52li Providence, $4,06I, 400; Indiana
polls, 81, ia; Kansas City, Sl,S47 600;
Cleveland, 81, ,92S. 1876; Hartford, 81 ,299 949:
New Haven, $l,122, ,236; Lowell, $37S, ,298;
Syracuse, $3690S6; total, 81, ,495 ,659, ,869;
outside of New York, $2S3, ,012, ,217.
"No one can examine these reports with
out concluding that the commerce and in
dustry of the country are, on the whole,
more prosperous than ever before. There
is considerable speculative activity, but, on
the whole, less than there was at this sea-
son last year, and in the stock market much
less, although prices are now advancing
more rapidly than they were then declining.
The exchanges, exclusive of those arising
from stock transactions, have never been
exceeded, except In the first week of the
year. Here, and in some degree at
other cities, the amount has been
increased by enormous transactions
in government bonds during the
past week, but the largest possible al
lowance on that account leaves a great in
crease In comparison with the correspond
ing week last year in payments arising from
the interchange of products. Prices have
not been unduly inflated this season, but are
perhaps about as high as the end of May,
1880, after the rapid decline which had then
continued for nearly two months. The re.
turns of railway traffic and trades report of
the movements of leading products indicate
that the increase in the quantities transport.
ed and transferred is at least as large as the
increase In the values paid. No sign OF dis
aster appears In any branch of the business,
and outside of the Stock Exchange it will
not be denied that business is healthier.