The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-01-28
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BUSINESS LOOKING UP.
MONEY COMPARATIVELY EASY AT
MOST PLACES.

Collections Fair in all Quarters-The
Volume of Business Somewhat Af-
fected by Storms-Absence OF Specu-
lation a Healthy symptom-Foreign
Trade Favorable to This Country.
NEW YORK, Jan. 27.-R. G. Dun g. Co. q
weekly review of trade is as follows: Busi-
ness, both domestic and foreign, has more
encouraging appearance Money is re-
ported close at a very few distant points,
but comparatively easy everywhere else,
and collections are fair in all
quarters, with substantial improve
ments where tardiness has been observed.
The volume of business has been affected by
storms and the bockading of railways, but
is generally fair for the season, and ex-
changes outside of New York are 81 per
cent. larger than for the same period last
year. 1t is a decidedly healthy symptom
that there is a general absence Of specula-
tive excitement, and the prices of products
are In most cases settling toward a mora
natural level, though the average is slis-
tanned by the scarcity of anthracite coal,
the scanty supply of vegetables, and an adj
vance in cotton goods
FOREIGN TRADE.
more favorable than the early statements
indicated, the decrease in exports of cotton,
breadstutfs and provisions being partly
balanced by an increase in cattle, petroleum
and minor interests. The excess of exports
over imports of merchandise is S21, ,131, 763
for the month, while outgoing
silver exceeding incoming gold bv
S69,0So, indicates withdrawal OF
capital exceeding by 100000 tho
average required for interest payments and
under valuations, but for the past six months
the receipts of foreign capital have appa-
rently exceeded the Withdrawals by s55, COO.
600. The returns for January thus far in
dlcate an increase Of > per cent in exports
over last year, prices having lately encour-
aged more free movement Of products but
imports at New York thus far show an in.
crease of II per cent. AS the exports ex-
ceeded the imports by 10000, 900 last Jam
uary, these reports point to a continued,
though smaller excess.
EFFECT OF THE MINERS STRIKE
The great strikes in the anthracite re-
gons continue and the scarcity of coal at
many manufacturing points contrasts with
the official reports Of large movements tn
| tldewater. Companies not obliged to stop
work are vastly increasing their output,
| while many iron and other works which
depend upon Reading and Lehigh supplies
of fuel have been obliged to stop.
| lrop Is perceptlblY sustained
in price for the time by this
enforced curtailment of production, and
| several Southern furnaces have stopped for
| repairs, but feeling prevails that n re-
| sumption of work in the coal mines may
| he followed by lower prices of iron. At
| Pittsburg Bessemer iron is 25c. lower; at
| Philadelphia, bar is quoted at 81 95; and
| sales of so. 1000 tons of steel rails TO Pennsyl-
vania, are reported at ''over S3l Mt the mill :"
with sales of $4,000 tons of Bessener
during the week. In ell branches of this
| great industry a decreae in the railroad
| demand IS felt.
WOOL AND COTTON.
There is a better movement in wool, but
quotations average little cwer.
Cotton is unchanged, while the prices Of
and fancy prints have been advanced, and
print cloths are quoted at So "a bid for 64s.
The boot and shoe business is fairly active.
with shipments exceeding last years and ths
prices of almost all kinds Of leather favor
ing buyers
The decision OF Secretary Fairchild not toi
add to the number of bank repositories on
the ground that an increase in deposits
above $50,0O0,000 might prove a source oc
danger, comes at a time when money is
rapidly accommodating at the chief centres,
but the prospect of definite action by Con-
gress regarding the surplus revenue does
not appear to improve.
The bus ness failures occurring through,
out the country during last week number
for the United States 26S and for Canada
40, total of BIZ, against 3l4 last week.