The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-02-15
TRADE OUTLOOK BETTER.
MONEY EASY AND COLLECTIONS
GENERALLY SATISFACTORY.


The Volume of Business Continues
Surprisingly Large-No Adverse
Change in the Iron Business "A
More Hopeful Aspect for the Textile
Industries "A Building Boom in
Progress.
NEW YORK, Feb. AR. G.. Dun & Co.'s
review Of trade for the past week Is as fol-
lows:
The business outlook is somewhat more IA
vorable. While a large amountof money has
gone into the treasury, rates here remain
moderate and the market easy. All the in
terror markets are also easier. Reports as
to collections are satisfactory, with a few
exceptions. The volume Of business con-
tinues surprisingly large.
There is still no really adverse change in
the iron business, aud tho weekly report eff
the furnaces Feb. /, was 1861 tons,
against 173.0S3 Jan. l. a gain Of 1876 per
cent over the output of year ago. The
demand for pig does not yet indicate
probable advance in price. and at Pitts
burg Bessemer is little weaker, but other
iron rather stronger, because Of an Increase
OF IL per cent. conceded in the
wages OF the coke workers. This,
with a reduction OF 30 cents in western
freights makes difference in favor OF the
southern and against the western producers,
but there are no reports Of probable strike
In the Alabama coke works. AT Pniladel-
phia rails are steady, but not stronger,
resales of large lots taken for speculation at
S21 and S2S having eau 'ed woa xness There
is no snap in the demand for bar, and the
market for plates is "dull and disappoint-
ing" with no great activity in structural
iron; nails dull and Old rails lower.
TEXTILE INDUSTRIES.
The textil6 industries present a mora
hopeful aspect with q steady and strong de-
mand for goods. Cotton manufacturers
have increased their lakings Of cotton
largely since Jan. /, so that the aggregate
now exceeds that of the last crop year TO date.
There is a better demand fer woolen goods
| also, though manufacturers pursue con-
| servative course, and sales OF wool are bet
| ter at Philadelphia, and reach 81, 100000
| pounds at Boston for the week, without
further weakening in price.
In the boot and shoe trade the previous
conditions hold, but the domand for leather
is steady and hides are distinctly frmer.
A BUILDING BOOM.
The demand for lumber at Boston is very
| good, and In this city and Philadelphia
also building materials generally are in
strong demand. The disposition to push
| new buildings forward to completion is
naturally increased by the resolution OF the
building trades to demand an eight-hour
arrangement May /, proposition which
| most employers consider lmpracticable. In
| case OF a prolonged contest the fact that the
new building at most cities has been Of un-
| precedented magnitude would tend to
| operate against wage earners. The recent
advance in window glass is firmly main
tanned and other branches of labor are gen
orally well employed.
THE SPECULATIVE MARKETS.
Speculative markets have not tended up
ward during the past week. In wheat, with
sales Of 22.O00, 900 bushels here, there has
been decline of g cents, aud in corn, with
sales Of 100000 bushels, a decline of u
| cents, the current price even at the sea-
| board being only 3535 cents. Oats are also
| "a cents lower, aud pork products un-
| changed, as is oil with small transactions.
| Speculation in cotton has been enormous,
the sales reaching $4,000 bales for the
week. with an advance Of II points. Coffee
has been steady, with moderate sales, but
| sugar is | l. l6 cents lower, and sales cents
per 100 pounds below trust prices continue
to weaken refined, though tue trust has
| been vigorously advanced.
EXPORTS OF WHEAT AND FLOUR.
Exports Of wheat aud -four have fallen
| much below those of the same time last
| year, while the corn exports continue large.
| The strength of cotton is partly due to the
| government report, which is interpreted as
indicating yield Of only about 100000
| bales
The general level OF prices, notwith-
standing the decline Of breadstuffs, is about
one-half Of per cent higher than Feb 1.
The exports Of merchandise for half Of
| February have been fully up to those of
last year, but from this time some excess OK
| imports over exports Is probable.
The business failures occurring through
| out the country during last week for the
United States 240, and for Canada 90;
total Of 302 against 321 last week.