The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-02-03

hundreds or industrial eSta Adjustments
have begun work within a week or two,
| although not all on full time in all cases,
of which no specific mention has been
made in print.
IRON AND STEEL.
Last weeks improvement in iron and
steel is continued, the stocks of raw and
finished material in consumers hands be-
| ing estimated at 1,000,000 tons smaller
| than year ago.
The cut in prices of pig iron at Pitts
| burg has resulted in orders for future de-
livery and even at Philadelphia improv-
ing demand is regarded as evidence of
| permanent gain.
1.-The shipments of shoes from New
| England have increased or s per cent
within the week, and the extension of
time for the tariff to take effect, on wool,
and woolens has resulted in Bostons
sales jumping from 1000, 900 pounds last
week to 1000, 900 pounds this week, while
| at Philadelphia trade has been stimu-
| lated also.
THE orders for brown cottons are
more active, and some mills making ex-
| port cottons are sold ahead. Prints
! glnghams and other wash fabrics are Job
bling well, but wooden goods mills report
| orders unsatisfactory, and there is ten
| NCANJ W Nul ethAA WIG Oubpub vi llLlO COGbOuS
THE OUTLOOK AT BALTIMORE.
Baltimore reports favorable prospects
! for dry goods, but one-third smaller
volume of clothing sales in January, the
orders received being mostly from the
south, the west being far behind January
of last year.
Business is quiet at Charleston, ex-
cept that shipments of fertilizers are
| heavy"
Country merchants are buying couser-
| vatively Of Nashville jobbers, who are
not trying to push sales, and a similar re-
port is received from Memphis.
"Atlanta iobbers are shipping with
some freedom, and industrial establish
| ments there are more active"
Cotton factors at Savannah are holding
for higher prices and quotations for tur-
| pentine are advancing
Collections are better at Mobile, but
| at Birmingham trade is without feature
| The approach Of the annual festival at
New Orleans has stimulated business and
| exports of bulk corn are large.
AT Galveston the wholesale movement
of dry goods and shoes is conspicuous"
DUE's REVIEW.
r. G. Dun & Co.'S weekly review of
trade tomorrow will say: "A fresh i'm
| pulse has been given to business this
week by the success of the treasury in
| obtaining gold for reserve thus strength
ening confidence in its ability to
maintain gold payments. The revenue
had fallen OF so much and the prospects
| for the loan looked so unfavorable until
financial institutions here decided to
carry it through, that some anxiety about
the monetary future was natural In
vestments IN tie ordinary sense have
been affected very little, and while more
1 dom nd for firpa haa a.
money market cannot be expected to
change much with $243 600, 900 cash In the
| banks and more coming from the inte-
rior, while the treasury also is compelled
| to pay out more than it now receives in
taxes.
GRADUAL improvement In business ex-
plains the appearance of more CONNER
cial paper in the market this
week than has been seen for
a long time, though as yet, the
vast accumulation of idle funds is proof
| enough that trade has by no means re-
gained normal proportions.
| industrial recovery continues, though
IL is but gradual, in response to the de-
mand of people whose consumption at
its lowest is greater than that of any
other country, and more mills are now at
work.
COTTON GOODS IN BETTER DEMAND.
''The market for cotton goods has a
better tone, and more staples have been
taken, particularly print cloths, with a
| slight advance in prices, but all Qualities
are extremely low and scarcely any in
crease in the working force is seen.
Some Generalization is again reported
| In the prices of woolenS. Spring goods
are offered at heavy sacrifice, but
there is more business in dress goods, and
tapestry carpets are in better demand,
while some lines of Brussels have been rs
duced in price.
"Sales of wool are still small for the
week, 4,505, 700 pounds, against 8,I7S,0OO
last year.
Eastern trade in boots and shoes still
hesitates, with Boston shipments % per
cent. below last years, but western fac
tories are reported little better en-
ployed, about 10 per cent. below their full
! capacity.
THE IRON MARKET.
"a large demand for structural iron
and steel, for railway materials, except
rails, for barbed wire, and especially for
wire nails and wire rods, gives a better
look to the iron industry both east
and west. Chicago notes a distinct i'm
provement At Pittsburg business is
larger, though prices do not gain, ana
even at Philadelphia trade is better, both
for pig and finished products, while en-
CouAdS0lnSuG Is IOunu III lne IdcJ tlaJ
prices do not further decline. Only four
of the eleven stacks of the Thomas Iron
Company are in operation, and of the
Connellsville coke ovens S,4l0 against
9,iO6, are idle, offers having been made
as low as So cents, facts which indicate
that the improvement is not great as yet,
but there are reported heavy sales of bill
lets, and wire rods at slightly better
prices. Two events of some note are
sale of Bessemer pig at Cleveland at $40,
and the capture of an order for sixty miles
Of wrought iron pipe for Canada com
pany by the American Tube works.
The domestic exports for four weeks
have been IA per cent. lower than a year
ago, while the imports have been 81 per
cent. smaller
The commercial failures for the week
number 1865 in the United States, against
255 last year, and so in Canada, against
46 last year, the list including two of over