The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-01-25
BUSINESS MOI YET BRISK.
THE CONSUMPTION OF GOODS he
LOW THE SUPPLY.

Reports From Various Sections show
Considerable IrreGuIarity In
Trhde-AIabama Cotton En- Route
60 JaBRn-LOndon Again "A Buyer
of StOcks-The Fear of Disturbance
I'm the Money Market Passing
Away.
New York, Jan. si.-Bradstreet's to-
morrow viii say: An analysis OF special
kilograms TO Bradstreets from the more
/ important business centcrs throughout the
country shows considerable irregularity in
trade. the most favorable feature being
the tendency of staple prices to advance.
The late drop in iron and st6d prices was
one OF the shortest on record.
There is interest attaching TO the an
nouncement that ten car loads of Mobile
cotton are at Tacoma awaiting shipment
TO Yokohama.
THE fear of disturbance in the money
market as the result of subscriptions for
the new government bonds has been
greatly modified. and time money is Of
ferod more freely. London has been inclin-
ed TO buy stocks. and short covering has
helped the advance. The stock market is
however. narrow and professional For
eign exchange is duh and less firm at 4S9.
! The gold shipments for the week are So
j0,000 No gold exports are announced by
Saturdays steamers. The gold imports for
bond subscription purposes were S1.150.-
600. The premium of 9sas for gold or le-
gal tenders for use in the same connection
is still quoted. hut transactions are less
important 1t seems that the bidders for
the new bonds have generally completed
their arrangements.
THE falling off of II business failures in
the number reported from the United
States this week, the total being only 3fl
compared with 4l2 last week, is somewhat
unexpected, but no less favorable for,
compared with the total one year ago 3l2.
the contrast is less marked. In the CORE
spending week in 1894 there were S3S fall
ures. three more than this week and in
the like week of 1898, at a period when bus
mess was of large volume and considered
prosperous, the total was 800. The most
favorable reports regarding the movement
or merchandise, present and prospective,
ara from Baltimore, where orders are be-
ing received freely and prospects for spring
trade are bright; from Bunalo, where the
money market is reported more easy than
for two years past. and from Charleston.
where almost all the leading 1obbers re-
port an Improvement i'm business"
r. g. Dun q Co. will say tomorrow in
their weekly review Of trade: THE fail
ures for fifteen days of January have
shown liabilities amounting to I25SS, 6l7.
] fsNf
year. and $l3.65S 800 in eighteen days of
1894 The failures for the week have been
| S73 I'm the United States, against 1863 last
year. and 81 in Canada, against $40 last
year
The week has been marked by inn
prOVement apparent rather than real.
The prices OF some products have risen,
but only because supplies are believed to
be smaller than was expected
THE prices Of pig iron and billets have
risen, because coke and ore have been
D a Il ut n or
better demand for finished products.
Money has been easier. but only be-
cause more has been borrowed from Eu-
rope at time when the actual balance
/ OF trade takes money hence to Europe.
/ The Senate still Injuries all business by
doing nothing, and the treasury cannot
/ expect to gain in gold as yet, but loses
less than was expected. II is generally
assumed that the new loan will be placed
| without difficulty.
] Business at the mills does not revive.
Payments through clearing houses for
/ the week are SIS per cent larger than last
year. but 29.3 per cent less than In 1893
being less satisfactory than for long
THE textile industries do not gain
| With materials practically unchanged
| they halt because the demand for future
delivery is so narrow Cotton manufac-
| turers have for months been storing NJ
/ staple goods. but prices have gradually
! declined ever since Oct. II, and now av-
erage ga per cent lower than at that
! time. Wooden goods also tend lower, with
a small demand, and are practically at
the prices of year ago, though wool is
/ higher.
"The iron and steel business finds en-
I couragement in the advance OF BessemeI
| pig to S13 at Pittsburg and gray forge Ia
| S1125, but these are results of the ad-
| vance ordered by combinations in coke
/ and ore. Anthracite is not dearer at the
/ east and southern pig is pressed for sale
! Finished products are not stronger; while
pig iron has advanced 1913 per cent. since
Jan. !, the prices OF finished products
average IL per cent. lower than at that
| time. The demand is plainly too small
| for the supply and the works in operation
| are killing profits for each other by I'M
! derbidding. In such a case lower prices
| for pig, ore and coke would seem inevitable
! but last year the raw materials hoisted
everything else, and some expect the OPP
/ GRAFTON to be repeated"