The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-12-24
IN THE WORLD OF TRADE
WHAT BRADsTREET AND DUN sAY
OF TIE SITUATION.

Decided Improvement in the Stock
Market Checked by Fears of Further
Shipments Of Gold-Suver Weak on
the Adjournment OF the Brussels
Conference.
New YORK, Dec. 23-Brddstreet's to-
morrow will say: 1.-THE stock market shows
a disposition to recover from the effects OF
liquidation and the temporary stringenoy
In money which marked the beginning Of
the week. Speculation, however, Is active
and apprehensions Of further gold ship
ments check any decided improvement,
while they give place to bearish attacks ON
prices. Reading Is now a weak feature on
rumors OF a bond issue and conflicting
opinions about the extent of the interess
payments on the junior securities. Manipu-
lated industrials have recovered somewhat
from their depression. but seem likely to be-
less prominent feature. The foreign la
terest in the market is at q standstill.
| financial opinion abroad inclining to belief
| In q United States government bond issue.
The silver market was weak on the ad-
| journment of the Brussels conference, aud
the price of bars declined to SO, little
| above the lowest quotations on record. The
ihlA WhSs uOWtNoT, DT Ol6 ACblOn OF
the Indian government In reducing its
offerings OF council bills Foreign exchange
is firm again, the supply OF loan bills. by
| the stringency of money, having ceased.
"Gold engagements for shipment early
| next week were anticipated, but now seem
unlikely in any large amount until after
Jan. l.
"Throughous the south sctivity In hoii-
| day specialties has ruled, with comparative
quiet in other lines. At Birmingham and
Memphis collections are said to be only
fairly satisfactory, bnt at Nashville,
Charleston and Atlanta payments by coun-
try merchants are being made with prompt
| ness.
"Sales have been fairly large and dealers
| regard the outlook quite hopefully.
sugar is active at New Orleans at an,
| an advance, with prospect for higher
prices. The receipts of Rio there continue
heavy"
DUN's REVIEW.
| Dun's review says: "The striking feature
Of the week Is the great demand for WOODEN
and cotton goods. All cotton machinery is
employed to Its full capacity. but is behind
the demand and prices are exceedingly
firm, with tendency TO advance. The de-
Dand for coatings has been phenomenal.
and nearly every mill is ready TO be oper-
ated, which leaves less machinery available
for other goods. But orders for suitings
are larger ana earlier than usual, clothIers
realizing their losses In past years by watt
| ing too long. Orders for ohsviots are enor-
nous. especially for those about So 25 per
yard, and for cassimers large.
The Iron trade has become decidedly
weaker, and holders OF pig make conoes-
sions OF about 25 cents, the pressure to sell
being mainly northern. For nearly all
| finished products the demand is slack and
lower prices are made wherever much BUSH
ness is done. A sale OF 10000 tons Of foreign
rails TO the Pacific coast is reported and a
meeting OF makers is supposed to have ar-
ranged for some reduction in price.
| "Cotton advanced sixteenth, great
stocks being held for rise; 90 that settle-
ments Of bankers southern loans are backs
| ward.
"The treasury has taken in $1,000 900 Of
its notes and lost as much gold, while its
silver has increased $500, 900 during the
| week.
"The business failures for the week for
the United States number 2S3. For the COR
responding week last year they numbered
257n