The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-02-02
TRADES HATING GAIT.
THE DISTRIBUTION OF GOODS NOT
SATISFACTORY.

Neverthe. ess the outlook for the Flu
ture is Considered Fromising-Stock
Speculation More Active-No Change
OF Cons quence in the Cotton Market
the Weeks Failures.
NEW YORK, Feb. 1.-R. G. Dunn & Co. IS
review o. trade for The week is as follows:
Dissatisfaction with the state of trade is
increasing, and the failure of merchants to
distribute goods purchased in expectation
of the usual de and for tie season, causes
numerous embarressments, ard general
complaint as to collections. But there is of
lat. q revival Of interest in stock epecula-
ton, and increasing conf fence that
The new agreement Of t1e railroad
presidents will bear fruit tends to support
better prices for securities we led by sp Gu
latiOl in stocks and products. Cleariags
ID oIgh the banks show a much larger
volume OF business for ia Iuary than for
tie same month last year, and for last wea
gain Of III per cent. at all c ties, and 1871
out .i1e OF Ne York. But half of this out
side gain Is due TO active stock operati OILS
al Boston alone. Through transactions at
most western and southern cities show large
gaips. and only four cities o. thirty nine
show smaller transactions than a year ago.
TIE ADVANCE IN STOCKS.
During the past week stocks have adj
vaLced, on an average, 81 II per share. and
there is more evidence Of uon-professlOHal
buying than has been seen at any other
time for months
Speculation in pro lucts has been rather
more active, and as to prices more irregu-
lar. WLeat mas declined l q cents for the
week, wita sales here Of "a, O0J,0 900 bushels;
but there is still no evidence of much buy
ing on foreign account, except TO cover
speculative sales. Fairy tales about the
stocks on hand are still circulated
by interested parties, but are
MT b. heavy shipments from
the farms, and the sales of farmers who
grow tired of waiting for 81 % wheat
Corn and oats have stiffened fraction with
mo lerate spaculatlve dealings.
OH has risen tbre--fourths Of a cent, with
sales here Of 100000 barrels.
COTTON QUOTATIONS UNCHANGED.
The co ton market has not changed as to
prices, though the sales have reached 423,-
600 bales and most OF the southern esti-
mates point to yield about as large as
| that Of 1887.
Coffee is only an eighth stronger, but in
| creasing distribution at full rates gives con-
hdence 20 holders; and sugar is unchanged,
with tea firm and in good demand at auc-
ton.
The prices for butter, cheese and eggs
have heen rather depressed, and leather is
said to be lover than at any other time for
| thirty-fye years.
The general average Of the prices of all
| commodities has declined per cent. for the
| week and "a per cent. since January. q
The market for iron does not improve.
| Philadelphia reports sales of $1,000 tons
southern, and prices are about $l7 for No
| 1, agains $l7 50 for northern. Bar iron is
more active, with prices not improved, and
plates are disappointing.
STEEL RAILS.
Sales of steel rails at Pttsburg are re-
! ported 70 1926, aud an eastern mill has sold
! for Chicago deli cry at $50 Co. equal TO S27
! at the mill. The prospect is that some fur
| naces will presently suspend production,
but the accumulation of pig iron in January
must have been considerable.
Coal is dull, and the mines are working
on short time In the coke regions the
demand is slack, and the ovens are working
! four days in the week.
The bu ine $ In dry goods has been rather
! better. The movement of staple cottons is
moderate. but at well sustained prices
| Print cloths have risen to 4. 06 cents. Dress
| goods are in fair demand and steady in
| price, and WOODEN goods are more freely
moved, th1ugh buyers lack heart.
REPORTS FROM OTHER CITIES.
Reports from other cities are remarkably
uniform in tenor: trade quiet or only fairly
active, money in abundant supply and
easy with bu moderate demand TIE ex-
ceptions are St Paul, where a slight strin-
gency is observed. and Omaha, where the
demand is active Nashville, where trade is
now quite active, and Milwaukee where
higher rail rates threaten to close some fac
tories, and from nearly all quarters it is
reported that the outlook for the future
trade is considered promising.
TIE business failures occurring through
out the country during last week number:
For the United States 29l, and for Canada
Al, total Of 332, agaias5 342 last week.