The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-12-25
TRADE CONTINUES GOOD.
A FALLING OFF IN THE NUMBER
OF FAILURES

The Holiday Trade Reported Satisfac-
tory at Most Points-General Trade
Heavier Than Usual for the Season
at Many Points-The Movement of
Products Continues Enormous.
NEW York, Dec. M.-The business fall
ures occurring throughout the country
during the last six days. reported to R G.
Dun & Co., number for the United States
psf. and for Canada IS. or a total Of 292, as
compared with the totals Of 1856 last week
and 500 the week previous to last For the
corresponding week Of last year the figures
were ssS. representing 303 failures in the
United States, and thirty IN the Dominion
Of Canada.
The holiday trade is not always just
measure Of the prosperity OF the people, but
it is satisfactory to know that at most
epoints it is unusually large this year. IL
indicates that the people feel able to expend
more literally than usual, and 1t returns
large outlays TO the manufacturers OF holi-
: day goods.
GENERAL TRADE.
=, The general trade this season is usually
light merchants being engaged In taking
! stock, but at many points it Is reported
larger than usual and even larger than last
year. The volume Of trade measured by
/ the clearings at various cities outside OF
New York was g. per cent more than lost
I year for the first half of December and
later reports show an increase OF about 8
per cent.
The movement Of products continues ex>
! traordinary.
Reports from other cities show less oom-
plant as 20 collections and large trade I'm
progress. At Baltimore the trade In cloth
ing, dry goods and boots and shoes is good
for the season.
At Philadelphia the jewelry trade il I'M
usually busy; the grocery trade light, but
equal 90 last years; the trade In tea, coffee
and sugar fairly active, and in chemicals
quiet and steady; while tobacco, liquors
and wool are quiet
Southern cities report less cheerfully than
Others. the low price of cotton causing dull
ness.
THE GREAT INDUSTRIES.
The great industries close the year with
more than the usual activity, even the
wooden mills having orders enough to keep
them fairly employed and q number have
recently started, but none shut down.
Cotton manufacturers find good de-
mand and numerous enlargements OF plants
are reported.
Shoe factories complain that the usual
orders are lacking, and vet they are fairly
active.
Paper mills are busy aud making many
additions of machinery and buildings
. The iron manufactures have been turning
out more pig than ever before. though some
works stop for the holidays. and she tone of
the market Is stronger. with rather more
demand for finished products Speculation
continues moderate. wheat having risen 1 4
cents, with sales of Is, 000, 900 bushels corn
having declined cent and oats q fraction.
+ Coffee is unchanged, oil cent higher, and
pork unchanged.
coTToN's DROP.
Cotton has dropped one-sixteenth below
cents, with the receipts from the planta-
tions exceeding last years to date by $50. 900
bales.
A very large output OF coal leads OPP
orators to expect lower prices.
The stock market has been stronger with
an advance Of 81 25 for the week. The new
railroads built in 1881 cover 4, 1853 miles,
making III, 900 miles In operation.
Exports continue enormous, FOR the three
weeks in December from New York exceed
ing last years IS per cent; and remittances
abroad having closed, foreign exchange Is
heavy and declines TO 81 S3X.
The treasury has paid out 81 400, 900
more money than IL has taken in during
the week although the receipts Of internal
revenue are large for the month-more
than 90. 100000.
Money is plenty and cheap, and there is a
general feeling that favorable conditions
will continue for some months.