The morning news. [volume] (Savannah, Ga.) 1887-1900, 1900-01-13
BUSINESS HAS BEGUN WELL.
But TRADE SHOWS MUCH OF THE
USUAL HESITATION.

Considerable Assistance Has Been
Given in Money Matters by Cow
eminent Deposits and other Mat
terS-IrOn and steel Market
Changes Scarcely Any-TeNtiIe
Manufacturers Are We'll Employ
ed. but the Movement of Cotton
Has Not Changed Greatly.
New York, Jan 12.-R. G. Dun & Co.'S
weekly review of trade will say in to-fnor-
row, issue:
The business of the new year begins well,
though there is sim much of the usual
hesitation. In branches where last years
business was extraordinary and prices
have risen greatly. some pause is natural,
though nothing indicates decrease OF con-
Stunning disposition of purch asing power,
but there Is continuing rise In wages to
promote increase Monetary conditions
have grown easier. with the return of
81 100000 from the interior during the week,
and further deposits by the treasury and
more liquidation in some speculative stocks
has also helped.
Ranks report an increase in their per
cent. of commercial loans and rates were
generally more easy after the decline an
nounced by European banks.
The furnaces in blast Jan. l were pro-
ducing weekly 29ilS6 tons of pig iron,
against 296,959 Dec. /, but, as several had
stopped only for the holidays. and others
had started, the output now Is probably
larger than al either date II exceeds con-
sumption at least as the Iron Age shows
n o-..
but the manufacturers apparently consum-
ed during the year 1881, 626 tons. less
small net exports in December The in
crease since 1892 is about 4225,O00 tons, or
i6.5 per cent. Prices change scarcely any
nor is new business significant.
The minor metals are strong in tone,
but as yet without much change in prices
The Textile Industries.
Textile manufactures are more fully
employed than for long time, though
scarcity of water has troubled some cot
ton mills Trading is embarrassed by I'M
certainty about prices Wool Is not active
nor are spectators or manufacturers in
haste to buy at current pEces, though the
market shows some advances for the next
season, with excellent trade thus far The
effect upon the seasons sales cannot be
judged.
cotton goods nave Deen quiet and no
longer advance in prices, as the market
for the material is uncertain in tone. The
manufacturer has a similar difficulty, for
while shipments are heavier than ever
before at this season, in two weeks 1895
cases against 1914 last year. and l7s75i
i'm 1895 as the rapid distribution to con-
sumers causes some urgent calls for goods
previously ordered, yet dealers are slow
to order more in the fear that prices will
not hold.
Manufacturers insist that still further
advances are needed, to cover the cost Of
leather. The Chicago market for hides Is
weaker with a lower average than at any
time since Nov. /.
Cotton moves so slowly that belief IN a
very short crop Is constantly strength
ened, but foreign demands are much re-
duced also. On Jan. 5 only 6000031 bales
had come into sight, against S,0Ol 916 last
year, but exports mad decreased 1,725OcO
, bales and European stocks were far be-
low last years. For the present foreign
ers are using up old stocks, instead OF
| buying more and the price hesitates.
! Wheat has been slow to move, also, At
lantic exports In two weeks having been
only 4,376,5A bushels. flour included
| against 9,452 106 last year, and Pacific,
| l312,993, against 1,52405l last year The
price closes fraction higher
| Corn receipts have also fallen below last
years, though the exports in two weeks
have been 1881 1888 bushels. against $780,
9l3 last year. and prices have advanced
about u cent.
Failures for the week have been ga IN
the United States against 31S last year,
and 25 in Canada, against q last year.