The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-01-21
TRADE HURT BY WINTER.
THE WEATHER TOO STORMY TO
CONSUMMATB DEALS.

Shipments OF All sorts by Rail and
Water Greatly Delayed - Alabama
Coal Dealers Feel the Benefit OF
Frozen Rivers Exports Show a
Falling Off Over Last Year.
! NEW YORK. Jan. 20-BrGGstreecs to-
morrow, Jan. 81. will say: The features
OF business have been delayed merchandise
and produce shipments by rail, stoppage of
the same by water, the coal famine at the
west, checked communication with interior
merchants due TO the severe cold weather
and snow, advances in prices for nearly all
perishable products, notably fruits and
potatoes. coal lat retail at some places Is
cents per ton, hides, rubber and petroleum,
wool ! i cents, and raw sugar one-sIxteenth
cent, with an upward tendency in prices for
shoes. cotton goods, woolens and tobacco.
Iron has remained barely steady or weaker,
and declines are noted of one
sixteenth cent for cotton, IL
cents for wheat, three-eighths cent for
corn, a half cent for oats, 35 cents for pork,
10 cents for lard. with a declining tendency
in rice and naval stores.
"The most serious effect Of the extreme
Of traffic by water. This was felt unfavor~
ably most conspicuously at Baltimore aud
favorably probably at Birmingham. Ice
In the Ohio and Mississippi rivers stopped
shipments of Pittsburg coal so that export
and other requirements from New Orleans,
Pensacola ana Mobile present and prospect
i've, have been met at Birmingham with
the Alabama product. No boat has left
Memphis and Nashville and trade there
except at points reached by rail. as else
where east and west, at the south has been
materially restricted.
NAVAL STORES TOO Low.
Savannah and Charleston report low and
unsatisfactory prices Tor naval stores. due
to overproduction. but that the producer
and dealer are arranging to restrict the out
put and stitfen prices.
The Chattanooga iron industries are
seasonably quiet.
good, but not equal TO that of q year ago,
owing to higher prices FOR cotton, Cloths
have not advanced in price proportionately
while Richmond's general trade is OF
good volume. the movement of produce.
particularly tobacco, has been checked by
cold weather. while iron foundries are una
Bile to meet demands from a like cause
Georgia farmers. Atlanta wires, are rails
ing more cereals and will continue to have
to buy less, while higher prices for staples
and improved financial conditions cause
New Orleans merchants TO extend credits
little more freely"
EXPORTS TOO SMALL.
Dun's review says: ''The volume of do
mestio trade continues larger than last wear,
but exports are decidedly smaller from New
York in three weeks OF Jsnuary-SS,592,S 1851
below the same weeks last year. AS i'm
ports are meanwhile very heavy for two
weeks Of January-S3, 9l9, 1870 more than
last year-the prospect Of further gold ex-
ports causes no surprise. There is much
hesitation regarding the action of congress
on various measures and the uncertainty
about the silver purchases repeal, the pros
poets of the anticipation bill, and the defeat
OF the pooling amendment OF the inter-
state commerce act all influenced the mar
kets and trade to some extent. There is
also q somewhat general increase In com
plants about collections, although money
at nearly all the markets is comparasively
easy and in supply adequate for legitimate
demands. Confidence regarding the future
of business is in all parts Of the country
remarkably strong and general, especially
In view Of the interest taken in pending
measures in congress.
''rhe business failures occurring through
out the country during the last week num-
Der 800, and for the corresponding week of
last year ga