The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-01-26
TRADE IN THE SAME OLD RUT.
No IMPROVEMENT IN THE MOVE
MENT on MERCHANDISE.

No Sign Of Material Change in the
Near Future-An Exception to the
General staGnatiOn shown in In
creased sales of Wool, But at In
changed Prices-Ifand tO Mouth
Buying Apt 10 Continue the Rule
for some Time 60 Come.
New York. Jan. 25.-Bradstreet's to
/ morrow Will say. Special Geographic
l and mail advices from the more important
] distributing centers fail TO reveal any
marked Improvement in the movement
l OF merchandise and products. and the
conclusion is forced that general trade
remains as previously characterized-by
small volume. low prices hand-to-mouth
sales. and the outlook favorable 10 a
/ very conservative trade for some time to
come. Gains in demand have been note
worthy only at eastern wooden mills Tor
mems wear fabrics, among Providence
manufacturing jewelers. wholesale dealers
| in staples at Augusta, Memphis and New
Orleans; ana in the west and northwest
at ST. Louis. Kansas city, st. Paul and
Minneapolis only, Improvement being
rather by contrast with recent dizziness
than with the volume Of trade ordinarily
transacted at this season. An exception
is ina wool sales, which nave increased
sharply though prices are no higher.
Mills report Unexpectedly heavy orders for
mems wear. wooden for fall delivery In
spite Of foreign competition, clOthicrs hav~
ing placed the bulk of the OvercOats and
general suitings contracts with domestic
mills.
transactions in prints and ginghams
are Of fair proportions, the latter having
been stimulated by cut prices.
None of the larger eastern cities report
likelihood Of a demand to anticipate
wants; on the contrary all the Indications
are for a continuance Of orders for nearby
wants only"
Boston reports decrease in the guam
tity OF commercial paper Offering, and
| Providence small stocks Of goods on hand.
AT Pittsburg unfaVorable weather has
checked trading again.
philadelphia textile mills are dissatis-
fled with the situation and the outlook,
but Baltimore jobbers say trade is fairly
satisfactory.
AT the south, collections are slow in
South Carolina, Georgia and Virginia.
More interest Is manifested by patrons Of
Richmond JObbers, and Charleston and
Savannah respectively report fertilizers
and naval stores more active. At Atlanta
Jobbers are awaiting The results of Feb.
l settlements before seeking to extend
trade. AT almost all southern centers gen
eral trade remains quiet and of a very
moderate volume"
r. G. Dun & Co.'S weekly review Of trade
tomorrow will say: Events have
not helped business this week Industries
have not found sufficient demand for
their products to prevent further decline
in prices and this week the average for
all commodities has again touched the
lowest point ever known. The number of
hands employed does not increase, and a
strike has cut off for more than a week
about half the business of Brooklyn to
some extent affecting trade here. Con-
gress has done nothing to replensh the
treasury, and great variety Of financial
doctors each Offering his remedy, does
not promise health for the patient. An
other offer of bonds, under the old law
and existing circumstances, might result
Enthusiastically.
AT bottom business hesitates because
the future is cloudedA nd the consuming
demand has not incrGsed in January as
was expected. In bAief that 1t would
the Industries had enlarged their produC-
tion, and. until 1t does the excess of pro-
ducing capacity constantly tends to de-
press prices.
In iron and steel weakness is seen at
Philadelphia, where Bessemer iron is
quoted at $l1Sj and plates at $l.30, and at
Pittsburg, gray forge is quoted at S9.15
and wire nails at IS cents. A better de-
mand appears for bars at Pittsburg but at
Chicago they are Unexpectedly dull No
transactions in rails are reported, and in
general the demand for finished products
is considered disappointing.
The demand for cotton goods has been
staggered by successive reductions in va
rious lines, ginghams having been es-
pecially depressed, but the demand is still
very narrow.
print cloths sold moderately at PFC
the lowest quotation on record but have
been lifted a shade by speculation. Even
with cotton at almost the lowest point
sales to spinners are restricted. Cotton
barely escapes the lowest point on record
with the receipts from the plantations
nearly 454 600 bales larger than at the same
date when the crop was over 5000, 900 bales
and stocks of American here and abroad
100000 bales larger than at the same date
that year
Exports of s., 450. 900 gold this week MAX
ing about S20OOO. COG in January, have been
partly for Illinois Central settlements, but
mainly due to Withdrawals of foreign capt.
tai Considerable sales Of stocks, and of
high priced railway currency bonds. sell
ers' fifteen days." show doubt about the
monetary future. OF the same Significance
are purchases of bills for future remit
lance by importers, as a change in the
currency would subject them to loss. Many
bankers talk seriously of the danger that
a silver basis may suddenly come unless
congressional inactivity ceases.
THE liabilities in failures for the first
seventeen days of January were s., 5O1, 2O9
against SIS. 66S, $50 in eighteen days last
year; manufacturing liabilities were 81
572,04S. against $6.072.s37 last year and trad
ing s.. s93. 166, against 81. 800. 1853 last year
THE failures this week have been 1863
in the United States against 4S3 last year
and SO in Canada, against 55 last year"