The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-01-22
BIG VOLUME OF BUSINESS.
BEATS 1896 BY IS PER CENT. AND
1892 By 10 PER CENT.

Fact That One or Two Industries
Are Lagging-Demand For Goods
More Heavy. Manufacturing works
Better Employed and Orders Book
ed and In Prospect for the Future
More Encouraging Than for Years.
New York, Jan. 21.-R. G. Dun & Co.. s
weekly review of trade will say tomorrow:
with a volume Of business remarkable
for this time of the year, IS per cent. larg
er than a year ago and 1914 per cent. larg-
er than in 1892. on the payments through
clearing houses, il is not discouraging that
one or two industries are tagging. The de-
mand for most goods is more heavy for the
season, manufacturing works are better
employed and orders booked and in pros
pect for the future are more encourag ing
than last season or in any other year of
which equally definite records exist. Ex-
ports and productions continue surprising
ly heavy in spite of some rise an prices.
Treasury receipts from customs We're larg-
er in twenty days of January than in the
entire month of October or November, and
apprehension regarding the monetary fu-
ture is no longer felt outside of speculative
circles.
Failures are considerably smaller than
they were ever known to be at this season,
both manufacturing and trading being less
than half last years.
Railroad earnings in January thus far
reported have been 17.6 per cent. larger
than last year, and 1913 per cent. larger
than in 1892.
The rise in wheat above a dollar in
regular sales was not accompanied by
ipqc Of 1aff
the continuance Of extraordinary ex-
ports, 2,945705 bushels, flour included, for
the week, from Atlantic ports, against
l,5f3,2l5 last year and for three weeks
9OJ2, 495 bushels against $3.50 532 last year,
besides 4,O36,940 from Pacific ports fol
three weeks, would give excuse for high
prices, even If the corn exports were not
enough To suggest great foreign need,
amounting to 9.270 1879 bushels, against TO-
T4,2S3 for three weeks. The fact that
cargoes Of corn were shipped during the
week 70 Egypt and Russia, the very coun-
tries upon which Europe most relies for
preadstuffs, next to the United States af-
tected trade not unreasona bly,.
Just when unprecedented production of
pig iron was causing weakness an extra
ordinary demand for finished products ap-
pears For the season, at least the gen.
eral demand has been unprecedented. in
Guiding 10000 tons steel rails for the week
and 100000 already this year. Orders
for plates are so large that Pittsburg
WORKS send away some to other concerns,
unable to fiji all they receive; orders for
bar such that many concerns are obliged
70 refuse more; an excellent demand for
sheets, rail and structural iron Prices of
all finished products are sustained by the
demand, though Bessemer pig is 5 cents
lower at Pittsburg, but pig at Chicago is
strong, with some production of finished
forms delayed by its scarcity.
The great strike of operatives in cotton
mills of New England seems as conve-
nlent to mill owners with their heavy
stocks unsoid, as if they had ordered it
Probably it will last long enough to work
off stocks and the print cloth market is
already about l per cent. stronger. while
sHght advance is noted in some other
cotton goods.
with very stagnant markets for wool
sales amounting to only 5395, 500 pounds AZ
the three chief cities reporting, for three
weeks, against 6,500000 in four weeks. the
inquiry for round lots is mainly for three
eighths and a quarter blood, suitable for
cheviots, but have resulted in little dealing
The mills have taken satisfactory orders
for such goods probably without knowing
where they could set wool
The dry goods movement is distinctly
encouraging, although quoted at no higher
prices. Heavy weight goods are still lag
ging.
Failures for the week have been .374 in
the United States, against 400 last wear
and % in Canada against 60 last year.
Bradstreets tomorrow will say: "a
large measure of activ ty in business and
industrial lines within some instances.
previous records passed. and very general
steadlness in prices of staples. is perhans
the most notable feature CT the trade SIT
uation this week. Quotations of cereals
snow the most aggressive strength while
those of some makes of pig iron disnlav
rather more weakness than thew did a
week ago. Mid weather is frequently
mentioned as an influence tending to check
retail distribution of seasonable goods
chiefly because of the effect on country
roads.
shipping trade opens slowly, as usual
at this time of the year, but confidence is
still unimpaired
las already intimatld, the immense cur
rent production of pig iron, amounting
10 ruby 100000 tons per month. has be-
gun 70 exercise an influence upon the price
or that stap.e, but the decreases renorted
are still only fractional
The outlook in the steel rail trade is
reported as a fattering one.
Higher prices for wool abroad based
parity on snort yield estimates, are re-
sponsloIe for the domestic firnness ,rbo
domestic situation, with the single ever
ton OF the cotton industry, is one of OK
ceptonal strength. Yet the strikers in this
branch of trade, however are largely con-
fined to Massachusetts
MEMS wear woolens are moving fairl,,
we'll -'
AT the West distributive trade is slow
ly improving, while at the South a fair
January trade is reported, particularly in
the Mississippi valley. Good returns from
last years Louisiana sugar crop find ex-
preston in higher prices for sugar lands
THE good export demand for cotton nra-
cludes TOO heavy Accommodations at nrl-
mary points, in spite of the crop move
ment.
Total shipments of wheat, flour includ-
ed, from the United States and Canada
amounted to S,926,000 bushels, against >
$4,000 bushels a year ago. Indian corr
exports were 4,Sl6,0O0 for the week.
further falling off in the number of hrsi-
ness failures is reported in the Trnitsd
States for the week, the total being oniv
SO9 against 435 last week, and 439 a wear
ago" 90
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