The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-12-28
OBSERVATION-DISCLOSURES
MERCHANTS WELL PLEASED WITH
THE HOLIDAY TRADE.

Piles of Holiday Goods Sold and Trades
People in Good Humor-The Effect
of the Stringent Money Market Mo-
So Bad as Was Expected-The Janu
airy Outlook.
Savannah enjoyed big Christmas trade
So the merchants say, and the appearance
of the streets during the week preceding
Christmas day confirms the statement
Yesterday was a very quiet day in trade
circles, kind OF lull after the storm. and q
MORNING News reporter who circulated
among the merchants found them with
plenty of time TO talk. They all seemed
cheerful, considering the stringency in the
money market for so long. and
the opinion was generally advanced,
with a few exceptions, that money will be-
come easier after the first of January, and
that there are bright prospects of heavy
trade in January, February and March.
"How was your Christmas trader was
asked of member of one of the largest dry
goods lines.
NO COMPLAINT ANYWHERE.
''Very good" he replied. "We can't COM
plain. Our trade was as heavy as we had
any reason to expect. The cash trade was
very good and money seemed to be plenti-
full with the buyers to certain
extent / don't think the stringency in the
money market will last very much longer.
The banks and railroads are declaring divi-
dends, and that will put money into circu-
lation. The Central dividend had a won
derful effect on our trade. can tell you. If
we just had something of that kind oftener
it would make the dry goods men happy.
Confidence is being restored in business
circles and the banks will soon release
the large amounts they have been
boarding up 10 anticipation Of a run. /
think everything will work out all right in
q few weeks.n
A prominent furnisher said "Our Christ
mas trade was very heavy and Our cash re-
ceipts were up to those of any previous
year. There did not seem to be any lack of
money among our customers
THE COUNTRY TRADE AFFECTED.
''The only serious effect of the tight money
market that noticed was that the country
trade, which is usually very heavy at this
time OF year, and Is very profitable,
amounted to very little, on account of the
low price of cotton, / suppose, and the fact
that there is no demand for the cotton
which the farmers have on hand. Other
wise trade was very good. 1t is little
quiet just now, but we expect good trade
the first of the year"
A member Of another firm said that their
trade was heavier Christmas than during
any previous year, chiefly because they had
a heavier stock this Christmas than ever
before. He added that they took in a large
amount of cash. though, aud are very well
satisfied with the results of the holiday
trade The gentleman thought the mo ey
market is becoming easier, and all that is
needed Is an impression to that effect TO re-
store general confidence.
a WAY TO HELP ON TRADE.
If everybody thought the panic was over,
an extension of credit ould begin at once,
the money laid up in anticipation of q panic
would be turned loose, and investments
would be made
A leading grocer said that his trade was
very heavy, but that since the stringency
of the money market began traffic had fal-
len off considerably.
There were many more expressions to the
same effect. 1t is generally commented
upon that while the scarcity of money has
been SO marked and severe during the
whole of the fall. there has not been single
failure of any leading Wholesale or retail
house in the city. Savannah is pretty
solid town, anyway.