The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-03-10
TRADE HAS A BLACK EYE
COMBINATION OF CIRCUM-
STANCES THE CAUSE.

Strikes, Tariff Uncertainty and the
Death of the Emperor all Play a
Part Stocks OFF About ST. per
share-Wheat Sent Up &c. by the
War Talk.
NEW York, March Or. G. Dun & Co. s
review of trade for the week is as follows
business begins to fall below that of last
wear in volume The railroad strikes and
the possibility of their extension, uncer-
tainty as to the tariff and mode of prevent
ing the accumulation of money in the Treas
ury, the death of the German Emperor and
doubt as to its financial effects, conspire to
check new ventures and to limit purchases
TO immediate needs. Thus exchanges outside
of New York fall below those Of last year and
the decline at nearly all the principal cen
ters of distribution is considerable, though
numerous smaller cities still report gains
The tendency of the markets is generally
toward lower prices, though the average
for all commodities is as yet hardly l per
cent below the highest point touched soon
after New Years.
STOCKS DECLINING.
SIN the stock market the downward
movement has been more definite, though
without any excitement. The causes above
named, and especially considerable foreign
sales since the decease of the German En-
peror was anticipated, fully account for the
average decline of about 81 per share; in
deed, the remarkable steadiness of the mar
ket under the circumstances is constantly
mentioned. But this implies a measure of
unreality in current prices markets which
do not respond to natural influences are
with reason distrusted. The appeal to the
courts by the Burlington and Quincy opens
the way to a legal decision whether any
combination of men can lawfully arrest the
traffic of one railroad because it performs
its duty as a common carrier in taking
freight from another. 1t is felt that the
decision may prove of great importance in
the end, but it can hardly be reached soon
enough to have influence this season. The
earnings continue large, but the increase in
expenses also continues.
wHEAT's ADVANCE.
"The wheat market has been lifted &c. by
foreign news, but with the result of COM
pletely arresting the export demand. AS
reported the exports last month from At
lantic ports were less than half those of the
same weeks last year. While exports as large
as last years would still leave considerable
unsold surplus next July, the expediency of
also risen about 1c., and oil a little more,
while the foreign news has checked
the decline i'll pork products, but cotton and
sugar are lower, with some grades of iron
and wool. The decline in sugar has been
small: the belief that the trust may be
effectually resisted seems to increase. The
drop of half cent il cotton has caused
some failures here AM at the South, but
does not surprise any who have observed that
Yo1o at1
about 360, 900 bales above those of last year
to date. The belief that the crop will reach
100000 bales appears to gain strength.
IN THE WORLD OF WOMEN.
SIN the dry goods market the demand
even for cotton goods, has become moderate.
Uncertainty as to prompt transportation
checks operations and also the uncertainty
as to the tariff.
The inquiry for print cloths is light at
SIC; not long ago it was strong at 4c.
THE wool market is steady for the better
grades, which are in small supply, but
other lots are slow of sale except at conceS-
sions, and manufacturers:gener are buy
ing only for immediate wants.
The boot and shoe trade is steady and
manufacturers are busy. The feeling that
leather can hardly go lower helps pur
chasers.
Iron does not grow stronger. If the
supply for good grades Is limited, so Is the
demand, while grades less known are offered
at a concession. Bar iron is weak again, and
sales below 10 are reported. Sales of
50, 900 tons of domestic steel rails result in a
slight lowering of quotations to $31. 20 at
the Eastern mills Twelve thousand five
hundred tons of foreign are taken for
Pacific delivery The supply of money at
all interior points reporting is ample, and
collections are nowhere matter of special
complaint
THE business failures occurring through
out the country during the past week num-
Der for tine United States 19j, and for Can
ada IS, total of 253, against pa last
week"
COFFEE MERCHANTS ASSIGN.
Mayer Bros. & Co., made an assignment
to-day without preference. They were
coffee and commission merchants at No. SO
Wall street. A month ago thetfrm claimed
to be worth 100000 above its liabilities.
The failure was caused by the shrinkage in
coffee. Their liabilities, the amount of
which cannot now be ascertained, are
principally to banks and large coffee
houses. They have no liabilities on the
coffee exchange.