The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-02-08
TRADE PROVESA PUZZLE.
STRONG CONFIDENCE FELT IN THE
FUTURE, HOWEVER.

What Reaction There is Believed &c
be Only Temporary - The Monetary
Prospect Improved-A Gain in Clear
ings Outside OF New York-The Price
of Wool Lower.
/ NEW YORK. Feb. 7-R 6. Dun & Cos
weekly review Of trade says: 1t rarely
! happens that the situation III business is as
perplexing as it now appears. With many
causes Of Apprehension removes there is
still a lack Of expected activity, and not
withstanding the perceptibls Improvement
here within the past few days the general
tenor Of reports is less encouraging. Yet in
every quarter there is seen strong confidence
in the future of business, and such reaction
as appears is generally believed to be
temporary
THE MONETARY PROSPECT.
The monetary prospect has clearly i'm
proved, while ths bank rate in England hes
not been reduced. Loans of SI.Sl0, 900 by
the Bank OF England and 100000 by the
Bank Of France, in gold reserve, lessen the
chance Of a disturbing drain from that
side. The dom money markets are
generally growing easier, with moderate or
fair demand. Some disturbance on account
"a WIN Ahtiuit - az L AilAutlDIld Is dDOug
the only local movement reported of an adj
verse nature. Collections also are average
or fair at nearly all points, and definitely
improved at several. Money accumua; es
here notwithstanding that the treasury has
taken IN 81 1000. 600 during the week more
than 1t has paid out
NEW BUSINESS.
The volume of new business in progress
seems to be less accurately reflected by tine
payments through banks, which include
settlements on transactions months ago.
The cleariDgs outside of New York last
week showed gain of So per cent. over
last year, and in January a gain of 1919 per
ceut., but in f4w trade centers has tn are
been so considerable an increase in new
transactions.
LARGER BRANCHES OF INDUSTRY.
The larger branches Of industry do not
for the moment show entirely encouraging
results. Iron is unmistakably weaker at
Plttsburg and here offerings below current
prices continue, and while business in bar
iron is there pronounced Extremely dull
in plates very dull, !" in structural iron new
business comes very slowly. In rails there
is not much doing at present, and in steel
rails only two or three moderate sales are
reported. The decline in England from
Cos I'd TO Gas 81 for Scotch pig has some
influence here.
THE WOOL MARKET
In wool Boston's sales for the week have
been only 100000 pounds, and prices of
almost all domestic woods are lower, w lille
at Philadelphia the trade is extraordinarily
dull, in part because of failures this week.
Many manufacturers, including sons of
the strongest. are seriously considering the
proDriety Of shutting their mills for a time,
that the accumulation of unsold goods in
the dealers hands may be reduced. The
exceptional weather IS sufficient cause for
the depression in this business, as in boots
and shoes. of which retailers hold an unsold
surplus, aud hence are buying little.
COTTON MANUFACTURES.
Cotton manufacturers are well up to last
year in production but without material in
crease. Cotton is Lice higher, in spite of
considerable decrease in exports this week,
and the sales were 6lS, 600 bales Specializing
being rampant
The foreign trade Of the country seems to
shrink little, as is natural after the enor-
nous movement of last year, and exports
and imports at New York both show some
decline in comparison with year ago, the
returns as usual including no specie, but
merchandise only.
The business failures occurring through
out the country during the last week num-
Der for the United States 265, and for Cam
ada ST, total of 32l against POI last week.