The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-01-17
BUSINESS MUCH BETTER,
EASIER MONEY MARKETS ALL
OVER THE COUNTRY.

The Outlook Cheering-The z feet of
Legislation on the Silver Question
Still a Matter Of Conjecture - The
Exports Largely in Excess of the I'm
porters-
New YORK. Jan. 16-R G. Dun s. Co. 8
weekly review of trade says: bow far
the situation and prospect may be changed
by the passage Of the free coinage bill by
the Senate is as yet mainly a matter Of
conjecture. Reports Of the state Of trade
at differents points reflect mainly the situa>
ton prior to that vote, and show general
Improvement in the volume of business,
easier money markets and a more cheerful
outlook. At New York. however, the rise
in sterling exchange to-day, which is 81 SIX
against 81 $50 a week ago, and 81 So Dec
81, is believed 10 indicate a desire on the
part of some to have their funds in a form
not affected by financial legislation. The
railroad situation is better and the prospects
brighter, and Europe does not now appear
to be selling American securities to large
extent.
HEAVY EXPORTS.
1.-THE exports of merchandise heavily ex-
coed the imports in value. At New York
tor January thus far the increase in ex-
ports over last year has been 81, 400, 900, or
about IL per cent, while the imports here
show decline Of 81, 9O0, 900, or about Is per
cent. Preliminary reports Of the exports of
cotton, breadstuffs, provisions, cattle and
petroleum Ia December show an aggregate
Of $74, 1s4, 449 against ga, $50 last year,
when the exports were almost unprec-
edented- Hence it appears that the excess
~
very large, in spite Of the
decline in the movement Of breadstuffs,
which higher prices tend 30 prolong. For the
past week, with wheat l cent higher, corn
and oats practically unchanged, and cotton
3-l6 higher, the exports Of wheat have been
only about half Of last years, of -four less
than quarter and of corn only one-eiRhrh,
while the exports Of cotton show decrease
Tor the week In spite of a con-
siderable increase in receipts. Pork
has not changed, but lard and
hogs are lower. Oil is one-half cent lower
and speculative markets are generally
rather weak outside Of those above men.
toned. Silver bullion has acted curiously.
Having risen to 4S% pence before the pass
age OF the silver bill, it fell TO 49, on Fri
day after the vote, and shows weakness
similar TO that observed in the stock
market.
EVERYTHING FRIGHTENING.
Reports from other cities show that
until Friday the situation and outlook had
been improving and feeling of greater
confidence prevailed. Boston notes greater
activity in wool. Philadelphia reports
easier money, better trade in canned goods
and in wool, fair trade in groceries gener-
ally and in jewelry and paints. Trade
as Improving at Louisville, Memphis
and Jacksonville, only fair at New Orleans.
out increasingly active at Baltimore, where
the value of manufactured products in
1880 was about $3.50 900, 900. The money
markets have grown easier and the banks
are able to help their customers more lib
orally, but at the east the difficulty
or making commercial loans has not
entirely ceased, although money on call Is
very abundant At tue west and south all
the money markets are easier, though rates
are not lower, and caution in regard to the
character Of loans is more frequently noted.
wooLENs MORE HOPEFUL
THE market for wooden goods Is more
hopeful, and the demand from clothiers is
better, while the boot and shoe trade con-
tlnues highly satisfactory.
| The weekly output OF pig iron Jan. /
was but l67, 500 tons, against 1873, $40 Dec. l.
| Print cloths have sold at the lowest
| prices ever recorded, AGA cents for CAS-.
| I'm general the course Of prices for man.
featured products is not helpful to pro-
| ducers. while the cost Of living and PRO
duction is enhanced by speculative advance.
in many farm products.
The failures during the week number
| 500. For the corresponding week of las
| year the figures were 305."