The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-01-25
BUSINESS MORE BRISK'
THE EFFECT OF COLDER WEALTH.
ALREADY FELT.

Heavy Disbursements by the Trea0
ury Make Money Easier-sDscul6<
ton Still Moderate In Volume a
Gratifying Statement by the Iro1
and Steel Association = Trade 81
Wool Better. k
NEW York, Jan. PR. q. Dun i
Co.'S review for the past week Is as fol-
lows:
Business WAS decidedly more favorabt&
in appearance. Colder weather has brou9ht
a general increase of activity, and fmprova
ment in collections. Heavy disbursemenfs
by the treasury for bonds have brought
easier money markets, aud several troubla
some labor controversies have been adI1
justed. Prevailing sickness, though seriously
interrupting trade and industry in many
quarters, is distinctly abating at the east
Speculation is still restricted and moderate
in volume, while payments through tho
banks show steady increase over last year'f
records, comparatively small at the chiei
cities, bus exceeding II per cent. az othei
points
IRON AND STEEL.
! The official statement of the from and
steel association is particularly gratifying
because IL shows that, contrary % the gen
eral impression, the uusold stocks In ths :
hands OF makers and warrant cOmpanv dix
not increase during 1889, but actually de
creased l6,300 tons. The production wa
1904. tons. against Z, ,4s9, 73S in the pro
vlous year. Adding imports, the total con
sumption or pig iron in this country viii
probably prove to have been about Z, 750, ,00
tons, against 6.6S8, ,744 In 1888. The gain q
more than 100000 tons year over ths
largest consumption ever previously knowi
fairly explains tho advancing prices In ths
face of unprecedented production.
GREAT BRITAIN's PRODUCTION.
The production in Great Britain was
about :, S,3OO,OO0 tons, and the consumption
after allowance for about 900,0 900 tons de-
crease in stocks and 200, 900 tons ex.
ported, was about S,000,000 tons. Tbs
American market this week. however
shows some signs of weakness. Recent pro
duction, it is to be remembered, has been a
the rate Of nearly 100000 tons, and th
Philadelphia market for pig Is more ir
regular, with some ofRersof M. l at Sl9 so
Bar iron is dull and less firm; plates and
nails are duh, and, while two Pennsylyanjs
mills have marked up steels rails to $50
others still sell at s35. The sales for lSg
have been TAG, ,993 tons, and last years ship
ments from mills were 1,27l, ,438, agains
| 1900, 1S4 In 1888.
THE wooLEN BUSINESS.
The woolen business has been little inr
| proved for all grades by the colder weather
and is fairly active for cheaper Cashmere
and worstsds, with some gain in hsavie
| woolens.
Cotton goods move fairly at firm prices
but the rise In material begins TO cause som
disturbance.
CoTToN's ADVANCE.
Speculation in cotton has m trked ND tn,
price one-half cent, with sales for the weel
OF 100000 bales. The receipts for thu
week slightly fall behind, while the export
slightly exceed last years.
Except in cotton the speculative markets
show no unhealthy activity. though moneI
here has been decidedly easier. The lare,
bond purchases of last week explain a de
crease Of S4,00O,000 in the cash held by th,
treasury, and the rate for money on cal
has declined to S1& per cent. Foreign ex
change Is also shade lower at "a SO, ani
increasing gold reserves at the banks q
England and France give more confidence
FOREIGN TRADE BETTER.
In foreign trade also, some improvement
Is observed In the exports at New York
which fall only per cert. below last year.
for January thus far, while the decrease /,
imports is II per cent. But the exports O
wheat have been decidedly small since th,
recent rise, and the -four shipments ar
light. while even corn exports appear {
fall behind those Of last year.
The reports from ether cities are gener
ally more satisfactory this week. Mos
reports note improyement in the weathea
and in trade. At Pittsburg the mills are al
operating, and higher prices are expected
The business failures occurring through
out the country in the last week number 10
the United States 295, and for Canada 43.
total OF 1888, against 1856 last week.