The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-01-19
DUN & CO.'S REVIEW
SLIGHT IMPROVEMENT NOTED IN
NEARLY ALL LINES.
BANK EXCHANGES GREATER
EASY MONEY IN THE INTERIOR
STIMULATES BUSINESS.

New York's CIearings 77.3 Per Cent.
Greater Than for 1900 - Textiles
show More Life and Steadiness
the Chief Characteristic of the
Iron and Steel Industry Mills
Fully Occupied on Old Business.
Some Slight Revival in the Wool
Business.
New York, Jan. 1S.-R. G. Dun & Co. s
weekly review of trade tomorrow will
say:
In most directions the condition of gem
eral business has improved slightly this
week. Prices of staple commodities are
steady. as are most manufactured goods.
Orders to manufacturers are sustained in
volume, and chat pronounced easy money
in the interior is sul stimulating bust
ness is shown by bank exchanges at lead
ing cities outside New York, for the week
142 per cent larger than 1900. and 17.s per
cent. above 1899. At New York the rec
ord is a gain of 77.S per cent. over 1909
and S7.3 per cent. over 1899.
Retail trade has not declined as much
as usual since the holidays Textiles
show more life. small but steady inn
provement in the demand has appeared
and in the cotton goods division it is the
more noteworthy because of the weakness
in the raw material. Sellers of both sta
pie and fancy cottons are abe to main
tain position of independence.
Steadiness is the chief characteristic of
the iron and steel industry. The past week
has brought no new developments of
striking importance and quotations are
unchanged. There is a notable tack of
new contracts covering large operations,
but many small orders are placed, and
mills are occupied on old business that in
most cases viii take months to complete,
even if nothing further offers. On this
account there is no urgency about secur-
ing orders, and no concessions are made
by leading concerns. Export inquiries are
fewer, but manufacturers exhibit no con-
Germ on this point. Work is so vigorous
1y- prosecuted at the furnaces that demand
for fuel increases and coke production in
the Connel,sville region expands. Coal
also moves more freely at Pittsburg, de-
layed shipments being hurried forward
with the aid of high water. There is still
some uncertainty regarding the proposed
tube and sheets plants, and action by the
Carnegie Company is awaited with inter-
est
Another moderate increase occurred in
sales of wool at the three chief Eastern
markets, raising the total for three weeks
TO $40 300 pounds. There is still
heavy loss compared with preceding years,
for in the same period last year the total
was 14,920,S00 pounds, and 16, 800 two
years ago. 22.S32,27O in 1898 and 1885, 200
in 1897. These figures give a good idea of
the present dullness in this industry.
The raw material for the other leading
textile industry has been in less salts
factory position, owing TO depression in
the yarn market, which caused the asso-
citation to recommend reduction in output
by one-half. Large estimates of the cot
ton crop also assisted the decline
Boot and shoe shops are as a rule well
occupied, but 1t is noticed that business
is unequally distributed Statesmen fur
nish moderate orders from the West and
South, although the rapid growth of man
ufacturing at interior points has exerted
a perceptible influence of New England
sales. Sales of leather are of only mod
crate volume and much below expecta-
tions of holders with no speculative opera
lions.
Failures for the week were 325, in the
United States against 242 last year.