The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-01-07
DUN'S REVIEW OF TRADE
The BUSINESS OF 1893 OPENS
FULL OF PROMISE.

Exports OF Gold the Only Cloud on the
Financial situation-Doubts About
the Action OF Congress on Financial
Matters Also Having a Depressing
Effect-The Textile Industries BOOM
ing.
new YoRK, Jan. 6.-R. G. Dun & Co.'S
weekly circular says; 1.-THE business Of the
new year opens well. though there has
hardly been time ss yet TO get fairly under
way. In some branches of manufacturing
there is a very conservative feeling owing
to the scantiness of satisfactory orders. but
in the textile branches the extraordinary
demand creates general oonhdence.
In every part OF the country,
and, apparently, In almost every
branch of business, traders are looking fors
ward to year Of large transactions. Bus
in financial circles the year opens With u
considerable feeling Of uncertainty, owing
to the revival of gold exports. which will be
about S5.0OO,000 for the current week and In
doubts about the action Of congress.
GOOD BUSINESS IN 1892.
1.-THE annual reports of various branches
OF trade come in with fresh evidence of the
unsurpassed prosperity and volume OF busi-
ness in 1892, but cast no clear light upon ths
future, which depends in a large degrees
upon monetary influences.
"At southern points business is generally
quiet, though at Atlanta manufacturers
are working full time aud at New Orleans
business is fair, with the supply Of money
ample, cotton steady and sugar in good de-
mand.
1.-THE circulation decreased in December
81, 106, ,Sg2, wholly In gold certificates, but
fDr kha IN otxie 1F
q decrease Of $25. .000, 900 In gold certificates,
treasury notes having increased e47 900. 600.
INDUSTRIAL REPORTS.
Industrial reports are mainly confined
to the unprecedented transactions OF last
year. but In iron weaker tone is manifest
with reports of reduced prices for pig by
some southern concerns. The deliveries OF
rails for the past year were but 100000
tons. The capacity outruns the demand
for finished products, 80 that the markets
are irregular aud weak, though in structs
ural and sheet large business is in prog
ress.
TEXTILE MANUFACTURES.
1.-THE most prosperous year ever known
In textile manufactures leaves the full pro-
duction OF most Of the mills sold for months
| ahead, and the new year opens with great
strength in woolens and cottons. large
demand is seen for black goods, es-
pecially unfinished worsteds. and the
mills are working on spring orders
for cottons. Above all monetary
uncertainties, the enormous demand for
textile fabrics appears to give an assured
future for some months TO manufacturers
| and the trade In these branches.
1.-THE business failures occurring through
| out the country during last week number,
| for the United states 323, and for Canada
| II. q total Of 340."
BRADsTREKT's HOROSCOPE.
Brddstreet's report tomorrow will say:
"Stock taking and spring trade preparations
have impaired tone Of quietnde to most
lines OF business. Exceptions to this, how
ever, are found In the distributive demand
for coal and clothing and boots and shoes,
stimulated by the present cold snap.
''The mills were active in 1892. New
| mills, an increased production, large profits
and low prices were features. The cotton
goods production was the largest ever
known.
Eat PHILADELPHIA the features are the
movement in wool and the activity OF to-
bacco dealers in orders.
"At Baltimore shoes and clothing are
| active aud the outlook ia good.
"Collections are satisfactory.
1T Is a season of quiet preparation at the
south. Reports there dealmore with lasr
years. reviews aud this years prospects
than with actual now business. Satisfaction
and confidence briefly express the situation.
"At New Orleans sugar is active. Tbs
final.outturn of the crop will probably ex-
ceed 200, ,000 tons. Cotton is firm and in
better demand.
"Drummers are about starting out from
Nashville.
"At Charleston the phosphate trade IL In
good shape. Liquor dealers are still agi-
taled about prohibitory legislation.
SCollections are good at Nashville, but
only fair at Atlanta and unimproved az
Birmingham"