The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-01-23
1ry'S REVIEW OF TRADE
CEASED BUSINESS AND GREAT
MN FR CONFIDENCE

..-.sz for the Past Week Two
ne nan for the One Previous
Less Easv all over the Country.
NO., ,-o-l,e5 staple Products Undis-
- BY speculation.
- YORK, Jan. 22-The business fail
NJ" --i1y throughout the country dur
rre' 90 -, week as reported TO R g. DuA
~ We 49, for the United States 27I,
o. Cansda 81, total Of S2S. against
~ '1s from other cities show some In
l7r, - trade as well as great confidence
clsos' IRE At Philadelphia increasing
j w., seen in dry goods, larger orders
81 -sDorted for nails and general improve
sFs ~ hardware and better orders for iron
r'n' - I'D additional furnaces to begin
h'. 7, wool there are few transactions.
O-1s~ .,atss and jewelry are quiet. At
so p. -, some improvement is seen,
, S large supplies OF cotton are still on
hand ov PRECIOUS METALS.
49,. o,tnnt of precious metals in 1891 has
lns ur narssed in only two years, according
oeeDi Wis Fargo & Co.'S statement,
70 "S'I, 10 s3l. 915, 1894 gold, $50 6l4,004
s I ai5 psi, 663 copper, and 81, 3S5, $50
l9Il.. D.. Mexican output Of silver was S43, :
49, W. o,,nual reports of many other indus
. ~ that the production in 1891 has
n .sov II ever, been equslled, and the new
To- To-. {bayins with no prospect OF @ decrease
n sny important industry.
IL I g. manufacture appears to have used
VOL last year than in 0ny previous
r ,l.-. The imports having been the largest
Cd 4, rev e4cellent business is done by jobbers
: a. 80 Goods and in the medium and
c5sSner grades unprecedented. Knit goods
are fairly strong.
MONEY EASY.
Tho reduction of the rate by the Bank of
ISLAND from 81 to 3 per cent. shows
NJ confidence that prevails in foreign
money markets. Reports from all the
T1onetsry canters show ample supplies, an
es,er market, and. except at the south. a
comparatively light demand with fair or
-.1J collections. The enormous excess OF
Tsya that more gold must soon be imported,
E1t foreign exchange has risen u cent
i1ring the week, notwithstanding the re-
r1rts Of purchasing by London in the stock
market ...--
THE INDUSTRIES.
The industries are remarkably we'll en-
rlaysd for the season, and the movement of
eroDs is still large and reports from every
mart Of the country express even greater
confidence than before in the prospects for
trade
Tbe market for staple products has been
uDdrturbed by speculation, which is held
in check by enormous supplies.
Wheat advanced a cents, and the re-
csipts at the west have been lighter owing
. The severe weather, but the exports con-
tue large,
Corn is coming forward freely and has
salined y cents, and the exports for the
vask will probably be heavy.
ssare 4 cent lower, but pork products
NJ shade stronger.
b. has declined e cent and coffee adj
vausi i cent
1,-essing strength is reported in the
markets. for iron and steel products.
CoTToN's RISE.
Speculation in cotton has taken courage
from the fact that the receipts have recently
declined ct some points largely, and the
price has advanced sixteenth during the
week and quarter since the lowest point,
y cent, was touched. Speculative sales last
Eesk cached zoo 200 bales here, and the
improving market caused better tone at
many southern points.