The Palatka daily news. (Palatka, Fla.) 1884-1888, 1888-01-28
MONEY Is COMPARATIVELY EASY
AND COLLECTIONS ARE FAIR IN
ALL QUARTERS.
The business OF the Country, Both De-
nestle and Foreign. Has . More
ENCOURAGING Appearance.

NEW YORK, January 27.-R- @. Dun
& Cos weekly review Of trade says bust
ness, both domestic and foreign has q
more encouraging appearance. Money is
reported close at q very few distant
points, but comparatively easy every
where else, and collections are fair in all
quarters. with substantial improvement
where tardiness has been observed.
FAIR FOR THE SEASON.
The volume Of business has been af-
fected by storms and blockading Of rail-
roads, but is generally fair for the sea-
son, and exchanges outside of..New York
are 81 percent. larger than last year.
1t is decidedly healthy symptom that
there is a general absence of speculative
excitement and prices OF products are in
most cases settling toward more natu-
raj level, the average is sustained by a
scarcity of anthracite coal, scanty sup
ply of vegetables, and the advance in
cotton goods.
FOREIGN TRADE MORE FAVORABLE.
The foreign trade in December was
much more favorable than the early
statements indicated, the decrease in ex-
ports of cotton, breadstuffs and pro-
visions being partly balanced by the in
crease in cattle, petroleum and minor
interests. The excess of exports over
imports of merchandise, Gel, 100, ,7s3 for
the month, with outgoing silver exceed
ing incoming gold by $679 9,O39, indicates
the withdrawal Of capital exceeding by
SIC 900, 900 the average required for in
terest payments and undsrvaluations,
but for the past six months the receipts
Of foreign capital have apparently ex-
ceeded Withdrawals by SIS, ,0O0, 900. The
returns for January thus far indicate an
increase of per cent. in exports over
last year, prices having. lately encour-
aged a more free movement of products,
but the imports at New York thus far
show an increase of IA per cent. AS the
exports exceeded the imports by &20,-
0oO, 900 last January, these reports point
to continued though smaller excess.
COAL AND IRON.
The great strike in the anthracite re-
gions continues, and q scarcity Of Goa lat
many manufacturing points contrasts
with the official reports of large move
meut to tide water. The 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. Iron is perceptibly sustained in
prices for the time by this enforced cur
tailment Of production, and several
Southern furnaces have stopped for re-
pairs. but the feeling prevails that the
resumption Of work in the coal mines
may be followed by lower prices of iron.
At Pittsburg Bessemer iron is 25 cents
lower, at Philadelphia bar is quoted at
81. 95. and sales of 10000 tons Of steel
rails to Pennsylvania are reported at
over $31 at the mill, with sales Of $4,000
tons besides, during the week. In all
branches of this great industry the de-
crease in the railroad demand is felt.
WOOL.
There is a better movement in wool,
but the quotations average little lower.
Cotton is unchanged, while the prices
of many makes of bleached and brown
goods and fancy prints have been ad-
vanced and print cloths are quoted al
394 bid for 64s.
BOOTS AND SHOES.
The boot and shoe business il fairly
| active, with shipments exceeding last
years, and prices of almost all kinds OF
leather favoring buyers.
THE CURRENCY.
The decision of Secretary FairchilG
not to add to the number Of bank depos
itories on the ground that an increase il
deposits above $50 ,OOO. 900 might prove :
source of danger, comes at a time wher
money is rapidly accommodating at thu
chief centers, but the prospect of definit'
action by Congress regarding the sur
plus revenue does not appear to improve
| BUSINESS FAILURES.
The business failures occurrin,
throughout the country during last weel
number for the United States 26s, an,
for Canada 40. A total of 3l7, agains
Ala last Ueek