The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-12-22
LIVELY TIMES In TRADE.
THE ACTIVITY GREATER THAN
Usual AT THIS SEASON.

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A Few Clouds Seen on Certain Sec
tons of the Horizon-Southern Iron
Undersellng the Northern Product
Exports and Imports Both in TX
cess of Last Year
New YORK, Dec. 21.-R. @. Dun & Co.'S
review Of trade for the week saws:
Business has been rather more active than
Is usual FOR the season, although at some
points there is complaint. In the southwest
there is more regularity, and while the cot
ton movement is now large and the
clearings heavy. the situation seems less
wholesome. At Memphis no Improvement
Is reported and the character of recent
failures is thought indicative of an un-
healthy state OF trade. Pittsburg finds
southern iron underselling the northern
product. and the same is reported from
Philadelphia. The payments through all
the clearing houses are still about per
cent. larger than a year ago, and at all
cities outside of New York the amount is
about 3ls per cent. larger.
AN OVER SUPPLY OF IRON.
The weak ess IN the iron market is dis
tlhctlvely due to an over supply, aud as
usual in such cases. while the b,st brands
and those best known in the market are
well su tain d, others hat are less known.
whether inferior or not, are decidedly
weak. Sales of Alabama iron, equal
to eastern gray forge, which sells
at SIC TO $40 so, are reported
at $15 The trade IN bar iron is weaker,
and Is cent is quoted by m lis which want
orders. Rails are ruin usy low at $40,
or even less. anu small sales of steel rails
hawr % - Al
report shows sales Of ,25l. III tons for the
eleven months, with Lilo, 7S8 tons deliv-
cries.
The dry goods business is fair for the sea-
son, though cotton staples are only in nod
crate demand, and print cloths at 81 bid.
Raw cotton is lower, at 99I for miidliug
uplandS, notwit standing all the short crop
eports and a large demand for consump-
tion here and abroad. Tue sales here for
the week were 360, 900 bales.
WHEAT, CORN AND FLOUR.
The progress toward quotation in wheat
has been atte .ded, As wrs inevi able, with
dee !iue in prices. which are 4 cents lower
for the week. The sales havo been only
100000 bushels, and the seat of the
difficulty is at Chicago. where favor
able reports as to growing winter
wheat begin to be left. The
expo Is from the Atlantic ports for the
paeI bur WORKS ndNe Oeen D, llO,03l pusn-
els, against /, 1913, ,32l last wear, and of -four
3 3,095 barrels. against 66S $50; and it is
| noteworthy that the corn exports have been
| 310S, ,036 bushels against 1.4i4, 074 last year.
The price of corn has advanced one-half
cent, with oats unchanged
THE GREAT AMERICAN HOG.
The specna ion i pork products has re-
suited IN slightly lower prices.
On q 9 lie, the tendency Of p ices Is
still downward, more because money is in
better demand and there are some appre-
hensions Of pressure At western points
some movement toward sringency
appears, though no demand upon
this city is felt at present.
Lower prices have helped exports, though
but little as yet in breadstuffs, but the
value of the exports from this port last
week was large, and for the three weeks six
per cent larger than last yaar.
Imports also KEEP bove last years mark,
the increase TOR the three weeks being 2.6
per cent.
MOVEMENT OF SPECIE.
AS before the movement Of specie Is con-
trolled ather by the financial dema ds on
the ot ier side, than by the state OF the mer-
chandise trade, and higher rates of In crest
here check the outgo FIR the present. A
million dollars in gold went abroad ON
Wednesday. Bankers generally look for
a further outgo Of gold in jan
| uary, though the annual dis
bursoments are confidently expected
to stiffen the market for securities, which
has been irregular for the past few days,
| without important movement in either
direction.
The business failures occurring through
out the cou try during the week number
for the United States 293, and for Canada
1S, total Of 31l. az ms 303 last week.