The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-01-18
BUSINESS MUCH BETTER.
REPORTS MORE FAVORABLE FROM
ALL QUARTERS.

Interruption from Prevailing Sickness
the Only Complaint-Colder weather
Brings Improvsment-Incres Out
put of Pig Iron-Heavy ExDorts-rhe
Financial Condition.
NEW YORK, Jan. 17.-Following is r. q
Dun & Co.'s trade review for the week:
An important improvement i'm business is
noted wherever the recent change to coldsf
weather has been felt. Elsewhere the un-
seasonable weather ia still the chief com.
plant, but everywhere interruption Of
business and manufacturing by the prevail.
ing sickness is observed, and many factories
have been forced to close because so many
Of their employees we're unable to work,
At one or two eastern points this interrup-
tion appears to be passing away, buh
it is still widespread and seriouA
To nearly all kinds Of trade it means noe
only delay in production or dealings, but
some sarinkage OF the ability OF great NUM-
hers to purchase the products, but in spite
OF this the volume of trade is large.
East bound shipments from Chicago last
week were 131, 793 tons, which Is the largest
ever known. The exports OF provisions are
heavy, tho lard movement last week reach
ing IA, ,5S2 863 pounds.
The clearings of banks last week were not
only the largest on record for that part OF
the year, but showed an increase over last
year Of 10 per cent. outside Of New York.
INCREASED OUTPUT OF PIG IRON.
The weekly output of pig iron Jan. waa
174,0SS tons, against 169, 1871 Dec. l. and
l54, 1893 year ago. This implies a slight
increase in production over last year over
previjus estimates The surprising increase
N IN an lnH t. ftne f,r vhnn
way the enormous quantity now made can
be consu ned, and inquiries indicate that
there Is some accumulation in stocks. 1T
also appears that the market for bar iron IL
somewhat unsettled. with tendency to-
ward concessions. aud plate iron is less firm,
Structural and sheet iron and nails arc
steady, but some uueasiness Is noticed in
the market for steel rails. U less the con-4
sumption of the finished product is not only
sustained but extended, the output of pig
iron can hardly continue at the present rates
IMPROVED DEMAND FOR COTTON GOODS.
The cotton industry is disturbed only by
sickness. The demand for goods is slightly
improved. Staples and prints are firm.
The wool and woolen trades show distinct
signs OF division between light goods and
worsted, and heavier goods Of nearly alN
kinds. The latter are seriously depressed
by unreasonable weather and accumula-
tion Of stocks from the last open winter, on
purchased early for this season but not YET
disturbed Many manufacturers Of such
goods buy sparingly, work part of the time
or wait. and the kinds Of wool which they
require are weaker; but there Is marked
revival in the trade for domestic and light
goods, due TO the change last year In treaS4
ury rulingz Now, for the first time, manu-
facturers are busy and hopeful, ald the deS
mand for such wool as they can use isl
strong, prices being firm.
REPORTS MORE FAVORABLE.
Reports from various quarters are, on the
whole, more favorable. The mild weather
has caused much depression, but whereveP
colder weather has appeared thers
is clear and quick recovery,
Collections are quite generally slow, be-
cause Of retarted distributions, but uneasi-,
ness is reported only at a few points. AN
southern reports note active trade.
DECEMBER's EXPORTS.
Exports Of cotton, provisions, oil, breadk
stuffs, and cattle in December were $74, ,447,s
727, against S67 ,O45, ,345, in 1885, which,
points to an aggrega Of exports exceeding
$84, 100000 for the month, and again sur
passing imports by $26, 100000.
Foreign exchange has weakened to "a So
and the treasury has taken in for the weed
only 81, 100000 more than it has paid ouEs
but the money markets and elsewhere show
on bu6 W nOlo ThJueT IuOEo pTeSsGr6, WnlcU
the heavy business in progress aud tardY
collection explain.
The stock market has been depressed.
with an average decline of nearly 81 ped
share, and signs of foreign realizing con4
tinue.
The speculative markets for products ares
irregular, but not very active Wheat isi
nearly cent higher, with sales of only 49,
100000 bushels Tor the week. Cornis l cent
lower, with sales nearly as large, and pork
products shade weaker. Cotton has been
marked up a shade, though receipts
again exceed last years. Coffee is steady.
oil / d cents higher on light dealings, and
raw sugar is again advanc a shade,
though estimates put the crop at 3, AS 900
tons, against 2.764, 457 for the previous year.
The general level In prices is a shadA
lower than week ago
BUSINESS FAILURES.
Business failures occurring throughout
the country during last week number fof
the United States 307, for Canada 81; total
338, against 373 last week.