The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-03-03
DIXIE STILL ON A BOOM.
NORTHERN COMMERCIAL CLOUDS
NOT SEEN SOUTH.

Trade in This Part of the Universe
Undoubtedly observation-disclosures
Good in Every Part of the Country
and Money Easy - Renewed Activity
in Real Estate.
NEW YORK March 2-R, G. Dun & Co. s
review of the trade for the week says:
The actual business is satisfactory for the
season. The prospects are confused and
uncertain. in some directions promising, but
In other branches of large importance de-
cidedly clouded. The passage by the House
of the bill authorizing bond purchases was
designed to remove the monetary uncer
talnty. an influence which frets all
trade and industry. Whether the
Senate will pass the bill in its
present form is not yet certain, and Secre-
tary Fairchild's report makes it gu Stlon-
able whether the measure, if passed, would
prove an adequate reliance for the proven
ton of Treasury absorption of money. But
many think it will give full relief, and that
Impression gave hOpefulneSs to the stock
market for one day. Lower prices lmme-
diately followed, however, and the average
decline for the week has been about 81 per
share.
EFFECTS OF IhE RAIL WARS.
The Western railroad wars and strikes
continue to disturb business, while the earn
ings of railroads continue to show that
large quantity Of freight for the season Is
in motion. Rates are dropping and the ex-
penses on many lines increasing. The Penn
sylvania road advances wages on its W est
ern lines 10 per cent An important
cause of uncertainty in many branches
of trade is the movement to change
Cd
changes are deemed desirable
or not, those who think them probable are
for that reason moved TO defer business
operations The bill submitted Thursday
would affect so many industries and
branchessof trade that individual opinions,
favorable or unfavoTable to it, must consid
erably influence transactions while it re-
mains pending.
INCREASES HESITATION.
1t comes at a time when, for other
reasons, there is hesitation in most of the
branches chiefly concerned and increases
that hesitation. II is a characteristic of
many trades at present, that purchases and
p operations are, for one reason or another,
limited to present necessities.
In the boot and shoe trade, which is
otherwise exceptionally satisfactory, there
are some such indications as to womens
and chidren's goods.
be attributed to unusually large dealings in
the past.
in sugar and numerous other trades, the
operations of trusts or combinations cause
uncertainty.
The coal business, since the strikes began
to collapse, has been been marked by only
hand to mouth dealing, in doubt as to
the future output.
The prices OF wool are steady, with Ohio
X at 80, and buyers have been operating
with some freedom, but any advance has
been resisted, and the effects of the proposal
TO change the duties are not yet seen.
CLOUD IN MICHIGAN.
Large failures in the lumber and salt in
te-ests in Michigan following a remarkable
shrinkage % til ,mand for iron ore, indi-
Gates thai the eospect in that region is not
wholly urce'7t>G. Elsewhere the iron
trade is h.. tatlng, with somewhat lower
prices at Pitts .urg, while the Youngstown
works resolve to close unless better rail
rates enable them to meet Southern conpe-
ton. In the East the supply increases
while orders halt.
DIXIE BOOMING.
No unfavora sle indications appear in the
reports of trade o. Of collections in any part
of the country. Mo.er - everywhere com
paratively easy 18th orq Il ,de is clearly
improving, and there are signs of renewed
real estate activity at some Western points.
The business failures occurring through
ont the country during the last week num-
Der or the United States 202 and for Can
ada AZ, a total of PA against 210 last week
TIE casualties rep 1rted in Canada are still
unusually large in number.