The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-02-06
-uIING OFF IN FAILURES.
.,,rEr~s SHOWS THE sIFuA-
SD'D r1oN ALITTLE BETFER.

Fl
SN'O r1oN 4 LITTLE BETFER.
r.onbIcS This Week Only 305 |
INST s2G last week and BIS in
,,e week Last Ycar-The
\ ,,vnrtI Tendency of Prices
porfIv Checked-LacI< of De-
ror Iron and steel One of the
,a.,tisfactory Features.
,.,r- Feb. 5.-Bradstreets to-mor-
.p say: General trade, which was
sd bv unfavorable weather week
has covered somewhat at Chatta-
Memphis, Birmingham and New
~. While the cold weather cut into
oe heavy goods, it delayed the sale
4 ZINC Goods. Other relatively favor
''-.I. reports are from st. Paul, Chi
,rrneapoHs and St. Louis. At most
io5bers report business quiet or
sa,osd. with no prospect for imme-
... ir,1r5yement. The restriction of the
Sanction of cotton goods has net
,-snrrbsned the market or advanced
..r5e heavy increase in sales of wool,
..asu mounds. at Boston alone since
against 100000 pounds last year,
tse.d largely on the expectation of
r..bsr auty on wool. More wooden mills
..,. started up. and those which have
M, tbe uonular taste in style and fabric
an. fun of present business,
some of the most unsatis-
- Industrial features is the
lark of demand for iron and
.,aeI prices of which, in the central west
.rn states. have gotten below nominal
motatjoas Eastern and western iron
makers are affected by the expansion Of
fc southern pig iron export trade within
@r6e downward tendency of prices of
s.aples noted during the past two or
tree weeks is checked in part, there be-
i9- almost an equal number of the prod
ucts and commodities usually quoted
winch are higher or lower. or unchanged,
compared with the last week. Among
those which have advanced are Havana
tobacco, wheat corn and oats, paper and
4 refined and crude petroleum. Those which
are lower include rqin, hides, wheat,
flour pork, lard. coffee ana raw sugar.
Practically unchanged quotations are re-
corded Tor refined sugar, rice, tea, lumber,
WOOL cotton and print cloths.
"Ths check to the number Of business
failures as reported last week appears
again in the total for the current week.
S throughout the United States, as COM
u9rcl with go last week and 33S in the
same week last year"
New York. Feb. Or. G.. Dun & Co.
viii say tomorrow in their weekly review
e. trade: NO important change in bust
ness appears, but the number of manu-
featuring establishments starting much
exceeds The number of those stopping dur
ing the week, and so much that the cur
tlliment of working time in many cotton
Dat fIra-.a
gate productive force or amount of wages
paid. There is distinct increase in orders
for wooden goods, some gain in the silk
manufacture, waiting condition, with
gam IN one branch of boots and Shoes
aud Indications of better things coming
ia the iron and steel manufacture.
cotton tel TO "a cents, after the agree
ment to close Fall River and other print
cloth works became known, but recovered
the quotation of week ago, 7.31 cents
without further news. Spinning takings
have been so small this year, those of
northern mills about 4000 600 bales less than
10 1915, that the admitted narroWness
@. demand for goods has at present con-
siderable weight. 1t appears that foreign
trade IS also somewhat restricted by mar
I0Wpess Of demand.
sales of wool have been smaller than
III othel recent weeks, and yet are far in
excess OF the consumption of all mills tor
Week, II az We're fully employed. At
TIE three chief markets the aggregate for
loe week has been 13, 563 200 pounds There
has been only a slight stiffening in prices.
li more foreign wool will be taken and
Stored, 1t is believed, if western holders
continue to demand higher prices.
l'Iite9 of Bessemer pig and
ttissEEty Iors ,dyant az P'iiitttssburg have
!n9I . nopeTul feeling, notwithstand-
lHS ihe comparative narrowness of the de-
maud Tor finished products, and in plates
ana WIG and Wire nails there is muoh
iu3ie business with good prospects Bill
ore quoted at Slo25, with scarcely any
N.I"5u1 AT present, and rods at 81, while
~ twenty seven black sheets are quoted
:" oHE cents. Reports that 25OO6 tons
1ge pidle and sheet bars have been
~ 't icy 20 England are only indications
hpOfafY excess eff supply over
D.'ldHu ln this country, and are not sun
tose" 10 nave realized any profit. Yet
- S5d.ed that prices of cast pipe are
+ Ian y 10 - per ton lower at New York
~, az scotch works. Bars are quoted
~ .nG lowest price ever known at PhiIa-
~ P4ld' without much Improvement in
'AidllH, ana steel rails are still in
ro.i eIo Unchanged in price, the rail-
Ndilihs Tor decline corresponding
~ IN pillets. But on the whnIe
~, .IidHi or iron and steel nrodurt
=. i'NI5 gaming and a considerable nr0-
iIa11i III, ne work is fully employed,
0'-H 'he gain is not vet enoueh Ear
trr,7. VINO nave taken large stocks of ma
D- pl oducts on speculation
..rt ,u' money market there appears nc
Nnr,ili[a,, 'I3rnt and the large sale OF
r''t 'H'in Pacific and Oregon NaNfgation
securities TO European capifaiists ~
So" 4uQlt onal assurance that fhe hal
"ctl I'r 70 TINS country will not be cam
H. LOT some months TO come. so that
mod li etii gi POSSIBLE gold exports is re-
IT, cures Tor the week have been 3it fl
e.l ,"i.1H states, against 323 last year
~ ,-dnaoa' AGAINST 81 last year
--------s--s--s----------