The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-02-07
TRADE ON A GOOD BOOM.
MORE SALES AND BETTER PRICES
THAN LAST YEAR

Less Speculative Excitement and Buy
ers Very Cautious-Money Every
where Easy and Collections Geaer-
ally Fair-The South Embarrassed by
a Further Decline in the Price of Cot
ton
NEW YoRK, Feb. 6.-R- @. Dun & Co.'S
weekly review Of trade says: Although
at a higher level of prices business continues
TO exceed last years on the whole, and is in
character more healthy and conservative
than usual. With less spec ulative
excitement. with sense Of
tious in nearly all lines. so that purchases
are closely confined to the actual demand
for consumption, the volume Of business
transacted is nevertheless much greater
than year ago in some Of the most i'm
portant branches, and in scarcely any is
there material decrease.
MONEY EASY.
1.-THE money markets are everywhere
easy. Confidence is still affected to some
extent by the possibilities of monetary leg
islation, but the impression grows stronger
that no important action will occur
at this session of congress and that an
extra session will be avoided.
1.-THE stock market has been irregular.
but the disposition to invest surplus funds is
strengthened by the progress Of the railroad
presidents toward effective regulation Of
traffic and by the large earnings reported.
1.-THE averagessprices of commodities. ad-
vanced nearly nalf of per cent. for the
past week, but the advance is almost ex-
clusively in products of which the crops are
short.
FAIR VOLUME OF TRADE.
"Reports this week from all parts Of the
country indicate a fair volume of trade for
the season, easy money and collections gen.
orally fair, though at a few western points
and in the grocery trade in Philadelphia
rather slow.
1.-THE south has the embarrassment of a
further decline in cotton, but the receipts
are large and the general trade is somewhat
better at New Orleans, though the receipts
of sugar are light. Trade is improved at
Atlanta; of fair volume but quite cautious
at Memphis; and dull at present, but with
bright prospects, at Savannah. At Pitts
burg iron is quieter, though better demand
for rails is seen.
philadelphia notes a prosperous spring
business in shoes and leather and in dry
goods, with the clothing trade healthier
than for years, fairly satisfactory trade In
groceries and chemicals, with liquors and
tobacco quiet.
ALABAMA's IRON FURNACES.
"The resumption Of work by some Ala
bama iron furnaces increases the excess OF
production. Buyers hesitate to take rails
at the price fixed by the combination. At
many bar mills scarcity of orders is felt,
and structural and plate iron are Irregular.
1.-THE coal trade is still congested, the
January output having been 2, SIS, 900 tons,
a quarter more than last year, and some
mines are stopping
'In wooden manufacture signs of i'm
provement multiply, and while the trade in
goods is cautious, it is steady and large
One large establishment, which has been
making worsteds in Bradford, Eng
land, has bought property and
prepared works near Philadelphia.
The demand for wool of all kinds lifts the
price little, but especially for the coarser
and worsted grades.
wheat has advanced / "a cents, and corn
and oats nearly a cent on moderate sales.
lard and hogs being also 10 cents per 100
pounds stronger, and oil 2ss cents, but cot>
ton is a sixteenth lower.
1.-THE exports from New York are now
falling below last years, especially In
breadstuffs.
Money on call has dropped from 90 to Q
per cent. and foreign exchange remains
steady at 81 81.
'The failures for the week number 261;
for the corresponding week of last year the
number was 1885,"