The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-01-03
LAST YEAR In TRADE.
AN UNPRECEDENTED BUSINESS IN
MANY LINES.

The Production of Iron, Cotton,
Leather, Boots and Shoes and Meats
Larger Than in ANY Previous Year
The Failures Larger Than in Any
Year Since 1884.
NEW YORK. Jan. 2-R. G. Dun e. Co.'s
weekly review Of trade was issued to-day.
II says: The new year opened with so
much Of uncertainty that there is a natural
disposition to dwell upon the browning
records Of the year just closed, which show
an extraordinary volume Of business. in
many lines surprising all prece-
dent. Iron, cotton, leather, boots
and shoes and meat production were
larger than in any previous year. Thus
2,2l9,3l2 cattle were slaughtered at Chicago.
against /, 763, 80 in 1889. a gain of 25 per
cent and 5, 733, 0s2 hogs, against 4,2ll 1867
IN 1889, gain of 80 per cent. At Boston
3,535,2l1 cases of boots and shoes
were shipped, against $685., $50, a
gain Of per cent. Clearing
house exchanges show that the volume of
all business In IS 80 exceeded that of any
previous year by at least 10 per cent,
though in part this increase was due to the
nigh ranges Of all commodities, which,
compared with year ago, is SO per cent,
and the average has been about SIS per
cent. higher for eight months.
THE YEARS FAILURES.
"But this unprecedented volume of bust
ness has not been altogether successful aud
the recorded failures have been in u,mber
aud amount of liabilities larger than in any
previous year since 1884. though in number
only trihe greater than in 1889. The
average Of liabilities was $l7, 400 for
the year, against BIB ,672 the year before.
Moreover, the average of liabilities for the
last quarter was greater than in any other
fourth quarter ON record, namely, $26, 7S4,
against S14, 907 in 1889.
Reports from other cities are almost
uniformly confident in tone, and indicate
good volume and fair condition of trade for
the season, but are liable to bel colored
by'a retrospect of the general prosperous
year.
THE south rejoices in a great crop and
wonderful manufacturing growth, and for
the moment notes less financial pressure,
good holiday trade, and bright hopes.
"Plttsburg reports decline OF 25 cents in
pig iron, weaker finished products, and a
reduction in the price of coke at the fur
naces from 81 is to 81 80, though the She
mango furnaces are also to close.
EASIER MONEY MARKETS.
Eastern reports show easier money mar
kets and a more hopeful feeling. At Phila-
delphia the grocery season has been salts
factory, with good collections; the paint
business fair, with collections improving;
chemicals are quiet and collections slow.
AT Boston the conditions are deemed
favorable. Wool is fairly active, with the
unsold stocks in the country reported at
$1,000, 900 pounds, against 30, 000, 900 pounds
a year ago, and better prospect for wooden
goods. Domestic hides are firm, aud leather
and boots aud shoes more active
1.-THE iron industry does not improve as
the closing of many furnaces indicate
Southern iron has been sold here at SIG 80
for No. l, and northern at SIG rs, and Phil
adelphia quotations for the best grades at
Sl7 80 against $40 a year ago, $l4 30 for
forge against $lS and 81 10 for plates
against So 80. The rail business ID involved
in uncertainty, and quotations are $28,
against S35 year ago.
Copper and tin opened the new year
lower, lake copper being sold at Sl4 Is and
tin at $40 95, but lead is sitter at 81 10.
"Ihere is better tone in the anthracite
coal market
1.-THE market for dress goods and worsteds
has been improved both in volume and to
some extent In price.
WOOL AND COTTON.
"Ohio fleece sells at "a cents, against 81
cents year ago.
ue COtCOn market mas advanced sc,
with sales of 465, 900 bales, although both
the receipts and exports for the week exceed
those of year ago.
1.-The stock market has been dull rather
than weak, though prices close much below
those of a year ago, averaging for the sixty
most active stocks $55 40 per share, against
1854 63 Jan. 2, 1890. The average rose to
500 9315 with the silver boom May "a, and
fell to S53 81 on Nov. 10, the day Baring's
liquidation was announced. The most sig
nifcanb fact in this business is that the new
issue of securities listed during the year,
after deducting all for the replacement of
older securities. have amounted to $780,
ia, $40 bonds and SlS9,630 75l stocks, ex-
ceeding by $l34, 100000 the net issues for
the previous year.
The monetary situation has not changed
during the week, though the treasury has
put out 100000 more than it has taken in.
The exports at this port continue - exceed
those OF year ago, swelling the excess Of
exports over imports, and the rate Of foreign
exchange has again fallen to 81 So, indicat-
ing that gold imports may not be distant.
1.-THE failures Of the week number 3ll. For
the corresponding week Of last year the