The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-01-23
c1ow BUT STEADY STRIDE.
,,.rss IS IMPROVING SAY THOSE
WHO MARK IT'S COURSE.

.c.scd Demand in Most Lines
Tradc-MoneY Is Easier and
III. Wore Easily obtained-CoI-
TINS are Not SntisfactOry.
,,oekIy review of the Markets by
n,s and Bradstreet's Agencies.
go. york. Jan. 22.-Bradstreet's to-mor-
.il say: THE most encouraging
i',.. of the trade situation this week,
increased demand from manufacture
,,r wool. The decision of the print
h manufacturers to curtail the output
~n emphasize recent sales of the heavy
-,n,s and promises better market To
'S,I nav be added the increase in the VOL
If domestic bank clearings, a general
1...liness of prices, and the healthfulness
n neral trade in almost all departments
|'.S.srvatism In granting credits and the
er.ference by retailers and others to buy
,..rsr but in small lots. continue to
a ri the course of business as not before
\ for years
n ,nemand is increasing in almost ali lines,
In few exceptions, although very slowly.
radical improvement in the near future,
81 on a slow but healthy increase in
,hs coDsumpdye demand, is, in the alb
sanee of unforeseen obstacles, almost a GER
tainty.
generally out on the road, yet the volume |
If business continues small and collec-
lions. in many instances are unsatis- |
factory The more active demand is for |
shoes hats groceries, hardware, dry |
Goods and drugs yet at such 'centers as
chicago and st. Louis, at the west Bal
,imore, Philadelphia, New York and Bos-
ton at the east, business continues along
verv conservative lines. Memphis, Nash
vile and Galveston continue the excep-
nonaly favorable reports as to the de-
nand for staples. Pacific coast ports an Il
nounce unusually heavy orders from Alas
ks. and improving trade with China and'o
Japan. at
THE total bank clearings aggregaI hi
a0gOoooo this week, a decrease OF on Rl
hail of one per cent. from last week, 4 It
an Increase of 8 per cent. over the TIA XII
week of January, 1896. Prices appeal
include few, if any. that are higher. an TO
a week ago, while flour, wheat, corn Fu, ha
crude petroleum, tin, Bessemer pidson ca
and steel billets are lower. Wool rams If
firm at unchanged prices, but is4kely ST.
tnues Leather is also firm "a IN
changed as are lumber. cott PRINT ID
cloths, pork, coffee and sugar.
An unusually long list of buAess EN-
barrassments continues a feaFe OF the
state of trade of the week, t. total Tor A
the past six days being 423 oyS less than
last week, and IS more hsFln the week
a year ago.
New York, Jan. 22.-R6. Dun & co. will in
say tomorrow in thfr weekly review; ~,
There is more busi,sss, though not at IA
ietter prices. II is lteresting that most re
ali prices which chslge at all are lower liz
fhan week ago al yet business is un-
llestonablv Larger There is larger pro-
iucton but as " not as much increase 50
b consumption, eld there is larger buying az
IF materials blu at present only because dt
eter prices ar expected in the future. III
few conspic,ous failures during the es
geek have hadno material influence. The
market for securities is slightly stronger,
ma vet Their is very little doing. The
umber of binds employed, all industries A
S slightly larger than week
60 Wlthoue adverse condition in the rate
Wzges. All apprehension of foreign
sFbance of the money markets has ce
iSsed away, but there is still great eau nt
Oh in making loans. 1t is a mistake to
exon these as symptoms of depression. -"
the contrary in spite of the lower range a
prices in important industries, the con- of
tons all Indicate larger production and
consumption increasing, not as yet large u,
, but steadily. u
The earnings of railroads in January Nv
ave been "A per cent. smaller than last ~
ear Wheat, corn and cotton exports are =.
lie key of the financial situation and dur -
g the past week wheat has declined ss r
'ni and corn Is cent, while cotton is I'M
hanged The wooden industry is as slow
ever and no real improvement appears A
the demand for goods, although owing
me lateness of the season there is little
ore doing both in spring and winter
DDS without quotabe change in prices cl
The iron industry is engaged in set &C
ns relative prices, and the slow opera al
ms re'ards business in many branches,
Ice the future of prices is uncertain. "
sSemer pig iron is trfie lower at 1.40 81
tltsours though no further decline has
'Qrred in eastern markets or at Chicago W
l the competition of new concerns ~
apted to manufacture nails by the high 4
ces recently maintained, causes slight 20
lower sales OF wire nails at $1.S5 and
cut nails at $l.25. The bar association
been in session to consider the re-
zion OF steel bars to / cent and in large A
tracts even lower, and the billet asso-
uoh mas again been called together to
5t on the 18th, although there is no
spect OF its reorganiza ton, and bilIets W
selling at Sl5.25 at Pittsburg. -,
Inc increase in manufacturing is more
nlelE SHOWN than in any way by the h'
auction of coke which. is steadily In
1slng' and the weeks output, 1906 S6 CT
S Is over double the output of Oc- CT
err. til
allures for the week have been 400 In al
United States against 1913 last year, "
% IN Canada, against 81 last year. re