The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-02-04
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BUSINESS FAR FROM BAD
THELULL ONLY SUCH AS is USUAL
at THIS SEASON.

Money So Plentiful at New York that
it Only Commands Four Per Cent.
Interest on Six Months Loans-Spec-
ulation in Stocks at a Standstill.
New YORK, Feb. 2-R. G. Dun & Co. 3
review of trade for the week says:
Quiet has been the prevailing feature in
business during the past week at nearly
every interior point reporting and at the
chief Eastern cities. Yet it is generally
estimated that the volume of business trans
acted compares fairly with that of last
year TO date. The clearings confirm this
estimate, showing gain of about per cent.
III payments through all banks outside
of New York. With little speculation in
any direction to swell transactions the re-
turns are a safe indication at this season OF
moderate increase in legitimate trade.
Prices refuse to rise, though meats and
vegetables are a shade higher on the whole.
There is little larger. decrease in other
articles. even the retail prices of coal at
Philadelphia having yielded 25c. The
general level of the prices of commodities is
now shade lower than Jan. l.
MONEY PLENTIFUL.
Money is easier and in good condition at
all interior points reporting, and accumu-
lates in New York banks so rapidly that
some six months loans at per cent. have
been made. A sackening in manufactures,
and an indispositiOn to invest in new
enterprises cause plethora OF
money here, and purchases of bonds have
increased of late, though in January the re-
port was $36, ,527500, against $44, l2S, 800
last year. The withdrawal of public in
terest from the stock market Is illustrated
by sales of only 2,0l8 465 shares in January,
against s, 8,236, 129 for the same month last
year. The steadily widening disagTeements
between lines, both East and West, and the
rapid enlargement of operating expenses,
deter investments. Without active move
ment prices hove declined about 25c. per
share for the week.
FOREIGN CAPITAL ROLLING IN.
Large amounts of foreign capital continue
TO come in for Investment in lands or mort
cages at the West and South, particularly
of late in Texas, but statistics indicate that
larger amount of foreign capital is at
present being Withdrawn, in part, perhaps,
from securities.
The exports of merchandise from New
York for four weeks have fallen only $50, 0,000
below those of the same weeks last year,
but the imports here for four weeks show an
increase of l3 / per cent.
The strike in the coal regions has already
caused some bloodshed several failures in
| the grocery line, and great suffering and
| loss Hopes of its termination within sixty
days are not more clearly warranted than
they were two or three weeks ago.
For time a sitter tone results in the il on
market the best grades being scarce and
shade higher, but it is felt that general
anxiety to sell would appear if the strike
should end. More sales Of rails at $31 so
are reported but less than were expected to
| follow Pennyslvania's lead and the market
for bar iron is disappointing.
In wool a distinctly better tone is seen,
with considerable buying by manufacturers
who feel an improved demand for woolen
goods, but foreign competition keepf prices
very low, and the wool season is so near it's
end that no material advance in prices is
expected.
Staple cottons remain firm, but business
is limited by scantiness of stocks. In prints
some advances are reported.
The business failures occurring through
out the country last week number for the
United States PAT ana for Canada 80, a total
of 279, against 317 last week.