The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-03-17
TRADE FAIR FOR MARCH.
NO UNUSUAL DIZZINESS FOUND
BY DUNN s. co.

The Volume of Busn ess for the Week
of Course Greatly Reduced by the
Effects OF the Storm-A heavy Fall
! ing Of in the Output of Iron.
New YORK, March 10 -Following is an
extract from r. G. Dun g. Co.'S weekly re-
view of trade:
| The paralysis Of business here, the stop
page of communications aud mails through
out the Eastern States and the costly condi-
tions under which the scanry business OF
the past two days has been transacted,
| make statistical comparisons for the mo-
ment Of no value. 1t would not be far
from right to reckon an entire weeks bust
ness as lost throughout the region most
affected by the unprecedented storm.
The statement of the iron furnaces in
blast March l is of especial significance.
The weekly output of anthracite and btu
minous iron was 81, 400 tons, against ,9)1
Feb and 1870, 487 Nov. /. Clearly, the
furnaces which were forced to stop by the
strikes III the coal regions have blown out,
and the report as to charcoal iron, though
still incomplete, shows that there has been
some shrnkage in thal branch also.
A CHANGE OF LARGE IMPORTANCE.
The decrease of So per cent in one
month and 25% per cent. since November
IN the quantity of iron produced implies
change of large importance in many
branches of manufacture. The prices for
the best grades of pig are unchanged, but
offers of all other grades continue at con-
cess ions. The prices of manufactured
iron are unsettled, not only by Western, but
by foreign competition, foreign iron being
offered Guty paid at 81 per ton below cur
rent prices at Philadelphia. Coal declines
pc. again; though stocks are light. The
Lehigh strike after six months of suffering
ends in the defeat of the demand for higher
wages.
TEXTILE MANUFACTURES. D.
With transportation arrested, no indica-
tons of value are obtained as to textile
manufactures or the dry goods trade.
Transactions are light, but prices have
yielded no further, and the ''lull in cotton
goods" it is stated, causes no uneasiness. :"
The strike at the Wamsutta mills has
ended in an agreement, and decline of an
eighth occurs in raw cotton, notwithstand-
ing large exports in February. In other
markets few changes of importance are re-
ported, though the complaint of dizziness
becomes more general
The railroad strike at the West spreads to
other roads, though the Burlington appears
to have overcome It's difficulties, and it is
said to have agreed to an advance in rates
Its heavy loss of $500 600 III its earnings for
January, before the strike began, shows
how important TO many roads at the West
is a settlement of their quarrals.
The New York Centrals earnings show a
deficit for the first quarter, and TIE general
tendency is toward reduction of profits.
TRADE FAIR FOR THE SEASON.
Reports received from interior points
show a continuance of trade deemed fair
for the season at most cities. with a slight
Improvement at two or three, but with COM
| plants of unsatisfactory trade at as many.
At Detroit it is observed that dealers in
lower Michigan find collections from farm
ers unsatisfactory, and the output Of goods
is not large. At Cleveland there is some
closeness in money and slowness in co!lec-
| tons.
| The general tenor of the reports does not
indicate scarcity of money in the interior
or unusual delay in settlements.
Partial statements of foreign trade in
| dictate considerable excess Of imports over
exports for February, and a larger excess
this month, but there are reports of foreign
inquiry for good bonds in the absence of
large dealings. The prices Of stocks have
slightly advanced, the report that the Yves
| tern war of rates will soon end being cred
| tied.
| The business failures occurring through
out the country during the week, number
for the United States POP, and Tor Canada
26, a total of 22S, against 253 for last week.