The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-01-28
BUSINESS MUCH BETTER.
The Demand for Manufactured Goods
Larger.

New YORK, Jan. pr. G. Dan & Co. 3
weekly review Of trade will say: "rhere
has been some increase IN the distribution
OF products during the past week, and the
demand for manufactured goods is dis
tinctly larger, 80 that business has percepti-
bly, improved at many points. Yet the
outgo of gold, expected to exceed 5000 200
this week, reduces the treasury reserves,
causes increased nervousness about the
future and renders men more reluctant to
engage in new undertakings. Money is
everywhere comparatively easy and cheap,
nevertheless there is more sense Of uncer-
| tainty about the future than appeared a
month ago. Money is in good demand, but
currency is returning from the country.
Southern cities generally report i'm
provement, especially Louisville, Knoxville
and Memphis, with good prospects and col
| lections.
"At Little Rock trade is quiet and colleo-
tions are slow, but at Atlanta business in
| creases and collections are very fair.
"At New Orleans trade is quiet and
money in fair demand with an ample sup
| ply, but cotton is dull, with light receipts.
| Sugar Is still.
IRON AND sTHEL.
"The iron and steel industry during the
| past week has been facing strong record
! breaking prices, though tho demand and
sales are large Bessemer pig at Pittsburg
| has fallen to $l3 %, and other markets for
| pigs are irregular. though the sales are
| large. Business in finished products is very
| heavy, but for many kinds the prices are
| the lowest ever known. The contracts for
cruisers given TO Pittsburg works and, for
elevated work here given to Pennsylva-
MIA mill are mentioned as remarkably low,
| although structural iron works have far
| more business than usual
THE business failures during the last
week number for the United States 2j5, and
/ for Canada 40, total of 295 against 332 last
week.
| BRADsTREET's REVIEW.
! BradStreetS tomorrow will say: 1.-THE
| features OF the business week have been a
| gradual return of the movements Of general
| merchandise aud produce to their aoous-
| toned channels. Boats are once more rum
/ ming freely on some OF the southern
streams, except in the river traffic between
| New Orleans and the north, and also at
| some Atlantic tidewRter points. Produce
| and other pershahle goods are again NOV
| ing freely, with loss OF some of the ad-
vances in prices referred to last week
Eastern jobbers and dry goods mills re-
| port the beginning OF what happens to be
| Lub iuOau uCJlN0 huEafI ueLLiuuu AOI CObbull
and wooden staple goods for years past.
| Cottons are particularly strong aud print
| cloths are hrmer, with the surplus cut down
co 900 pieces against PAS, 900 a year ago.
| Printers are unable to furnish 1obDers as
| fast as the goods are demanded, and Janu-
ary's sales promise TO largely exceed those
for 1892.
PRICES OF COTTON.
1.-THE usual influences have been ab work
on cotton prices, the English strike, the
| prospects for and against the passage of the
| antI-option bill aud reduced or increased
movement from the plantations to ports,
| the net result for the week showing a de-
| cline of 10 per cent.
Considerable Improvement ia noted
| throughout the south, where the effects OF
| the cold snap week or so ago we're severe.
| Baltimore announces a larger volume CT
| orders than for the same period in 1892, and
| reports that country merchants very gem
orally count on good spring trade, the
recent ice blockade having been raised.
GOOD ORDERS AT RICHMOND.
AT Richmond orders for goods are
/ active with the exception Of shoes, as is the
| demand for tobacco, while travellers for
| that city report that bad weather prevents
their reaching the interior points as readily
as expected.
"At Charleston prices for rosin and
turpentine are low, but intended ourtaiing
of the outputs Of the season is expected TO
| improve the prices and profits.
business has revived at Memphis, where
navigation is under way again, while at
Atlanta satisfactory orders are being re-
| ceived for all staple goods. At New Or
leans distributive trade has been checked,
as well as exports Of wheat, by the ice in
| the river.
| cat Galveston and other Texas cities
| country merchants are buying freely to
| supply their wants for the spring trade.
| Mercantile collections throughout the
south, very generally, are slow, as Is TO be
expected"