The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-02-17
HAND TO MOUTHBUSINESS
Buyers Cutting Their Purchases as
Close as Possible.

Portion Of ACKNOWLEDGEMENTS Now
Waiting On Tariff and Monetary
Legislation.
New York, Feb. 16.-Bradstreets to-
morrow will say; photographic advices
from leading trade centers make il PLAIN
that the volume of general business since
the beginning Of the month shows de-
crease IS compared with the CORES pond
ing portion of January this year, and it is
difficult, of course, to determine at this
writing now much it is due to natural
temporary recession of the wave of the
incoming tide. There is a disposition to
| continue dispOsing of stock and buy for i'm
mediate wants until after the tariff
question is disposed of. This evidently is
having some effect. Commercial travel
ers from dry goods, clothing, hardware,
shoes and other houses in a number Of
instances are on their way home or have
arrived home, and report many orders of
those secured dependent on the passage
or otherwise of the tariff bill. Snow and
storm have temporarily checked business
west, many railway lines being blocked
and country roads rendered impossible,
though northwestern advices are that
the snow is Of value to the winter wheat.
The greatest activity in commercial lines
is in dry goods, hats, shoes, rubbers, and
south in plantation supplies and fertili-
zers.
| WOOL DULLER.
! "Wool is duller, with manufacturers
working on orders and buying as needed.
| This results in shaded prices AT some
more important eastern dry goods centers
| lobbing is very moderate, indigo prints
! being cut to ~ cents, and print cloths
| lower, with stocks accommodating.
| Rice is in good demand, and strong.
| Sugar is from & to 4 cent higher, and
Bessemer pig iron at Pittsburg holds its
IS cents advance, although fears are ex-
| pressed of a reaction when makers begin
! TO produce from lower priced ores.
| Recent expansions of the demand for
! manufactured iron and steel continues,
| although checked by consumers await
! ing action on the tariff by congress.
! The recent government report on cot
ton marketed from plantations indicates
a probable crop of Z, l00OO0 bales
| Mercantile failures throughout the
| country this week number 2SS against 1886
last week, and POS in the same week
| year ago.
| REPORTS FROM THE CITIES.
| There is no improvement in mer-
| -
noted at Philadelphia is in the demand for
| tobacco. The idle capacity for iron and
| steel production there far exceeds the
| demand.
! The anticipated trade revival at Balti-
more has not appeared, and commercial
| travellers report business dull.
NO change is reported at Charleston or
| Mobile, the feature at the former being a
| fair demand for ferdlizers and lumber
| General trade at Nashville is smaller
| than in the opening weeks of January,
| but at Memphis the demand has improved
in groceries and plantation supplies.
| Atlanta, Chattanooga, Savannah and
Augusta report fairly satisfactory vol
umes of business covering fertilizers,
naval stores, cotton manufactures and
| leading staples
There are indications of improvement
in several lines at Birmingham, but at
New Orleans the volume of trade is
| smaller.
Galveston reports leading lines fairly
| active"
RECORD BREAKING WEEK.
| New York, Feb 16.-R. G. Dun K Co. IS
weekly review of trade tomorrow will
| say: This has been a week of record
breaking in wheat, in silver, in some of
| theJorms of iron and steel, in Connells-
| vile coke and well known cotton and
| wool goods. The lowest prices ever known
have been recorded and it is gratifying
that failures of Importance have not re-
suited. The great fail in wheat had a
! perCepuble influence upon the tone of
| business generally, and there was less
| confidence in Wall street, less improve
ment in manufactures and a greater
decrease in the volume of payments
| through the clearing house, which were
PA per cent. less than a year ago out
| side of New York and BAT per cent less
] than a harA het
unusual transactions in grain.
while no action especially affecting
business prospects was taken at Wash
ington, the continued discussion of reve-
nue. and monetary measures and the I'M
certainty regarding them. have CON
slant unfavorable influence and in differ
ent markets have caused sudden tluctua-
lions in prices.
Wheat at 6025 cents is lower by "A
cents than it was for a single day last
year, and lower by "a cents than it had
ever been IN the previous seventy-seven
years. A visible supply of over 10000 600
bushels Feb. 10, with sales and receipts
from farms continuing large, completely
destroyed faith in the official reports of
the yield last year and caused enormous
llquldations. Some trust companies have
arranged to advance money against wheat
as collateral security, but with results
not as yet encouraging.
THE COTTON CROP.
Cotton declined an Is cent, with increas-
ing distrust of short crop estimates The
receipts from plantations this week have
been larger than year ago, and at no
time small enough TO support the idea
that the crop of 1893 was but $500 900
bales, which would mean that less than
100000 bales have yet to come into sight in
over six months.
The slight recovery in prices of iron
products has not been maintained. Bes-
semer pig has declined at Pittshurg TO
SlO.65 and gray forge to S9.65 ana steel
billets are sold below $l6 there, while at
Philadelphia most rolling mill products
are lower than ever. The decline is the
more noteworthy because an increase in
the demand IS reported, both in eastern
and western markets, especially in struc-
tural forms, at the west and
here, where several large build
inas are pro .ected, The demand for
wire rods, nails and fence, continues re-
markably large and sustains prices, but
rails are stagnant.
"Connellsville coke sells at IS cents,
the, lowest price ever made. and while the
output increased for the week ,643 tons,
only 81 per cent. of the ovens are in use.
Heavy reductions in the price Of Lake
ore are reported with large contracts at
$50, Cleveland delivery Minor metals