The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-01-16
EXPORTS ARE ENORMOUS.
MORE MONEY DUE Tbs SIDE BY
EUROPE THAN EVER.

/ Freer S sliinR of Cotton All That Is
Needed to Esss the Situation In the
/ South-No Prospect OF a Shortage in
the Supply Of Money at the North.
/ NEW YORK, Jan. lj.-The business fall
ures occurring throughout the country dur
I ing the last week, as reported by K. G.
K Dun & Co.. number for the United States
PSI, and for Canada -, a total Of $50;
against 435 last week (eight days..
II was suggested two weeks ago tina. the
exports in December were likely to be ex-
traordinarily large. Preliminary reports
| just issued indicate that the exports in that
month were probably the largest ever
known, for while no increase appears in
cotton aud exports of provisions, cattle
and oil were slightly less than
a year ago. A gain of $50, 100, 900 appears in
breadstuffs. making a net increase in the
principal items Of Sl7,54O,s45, or nearly %
per cent, Indicating that the aggregate ex-
ports for the month will probably exceed
SIG. 900, 600 against about SOS, OOO, 600 last
year, when the amount was greater than it
had ever been in any month. The exports
Of -four increased so per cent and the ex-
against 4, 800, 900 bushels last year, while the
exports OF cotton are 100000 pounds
greater in quahtity, though no increase ap-
pears in value, owing to the low prices.
MEANS PLENTY OF MONEY.
These enormous exports overshadow all
other features in the commercial situation.
They insure large supplies Of money if ever
needed, but at present the markets are ev-
erywhere we'll supplied except at southern
cgr,ka a -.
week ago. The treasury disbursements
have been large and there is no reason to
expect a lack In the supply OF money.
Another fact of large Importance is that
the iron output was not diminished in De-
cember, as usual, owing to the stoppage Of
furnaces during the holidays, but was
1888 Ol2 tons weekly, against 1SS. 135 Dec. l,
December, last year, was about
1900 tons. The market is
fairly active, though the enormous
output gives buyers an advantage and Ala
bama and Virginia iron are offered at
lower prices. There is a fair inquiry for
rails and good business in plates, while
structural mills are we'll employed, though
with comparatively few new orders.
THE WOOL CLIP.
The wool production last year is esti-
mated as considerably larger than that of
u
somewhat larger, Indicating that the con-
sumption in 1891 hasbeen about the same
as in 1890. The market shows no impor-
tant change, and just at this season none is
to be expected.
Pittsburg reports no change in the iron
market, though prices for finished iron are
growing stronger.
The depression OF business at the south on
account of the low price of cotton still con-
| tinues.
Breadstuffs have been much weaker since
the publication of the government reports
and wheat has fallen a cents. corn 135 cents
and oats 81 cents. The exports and receipts
continue large, though colder and less favor~
| able weather to some extent restricts
the movement. Coffee is unchanged and
oil has advanced 8 cents. Cotton fell to
I37 cents during the week, the lowest price
for forty three years, but has since recov-
cred to 7,56 cents, though the receipts and
stocks are remarkably large. The de-
preston at the south is not relieved by the
talk at the cotton convention and probably
cannot be In any way except by free sales
of cotton which is now held for higher
| prices.