The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-03-30
TRADE GROWING BETTER
MONEY IN PLENTIFUL SUPPLY
ALL OVER THE COUNTRY.

I
Collections Inclined 70 Be Little
Slow on Account Of the Open Win
ter-The Iron Trade in the North
Weaker-Coal Dull-An Era Of Cheap
ness in Leather and Shoes
NEW YORK, March 29-R. G. Dun &
Co.'S weekly review Of trade says:
The general tendency of the reports indi-
Gates that trade is both improving and
hopeful, though complaints of dullness are
still common. Exceptions may be noted,
but the rapid growth Of tributary regions
accounts for the improvement at far west
ern points, and at most eastern centers a
shrinkage In the demand for many
products is distinctly felt. All the interior
money markets are we'll supplied, the
| demand being generally moderate or light,
| but preparation for April settlements has
advanced rates here to per cent. on call
and "a 5000 subscription to new bonds
payable April is a possible cause Of q
| temporary pressure at Philadelphia.
| COLLECTIONS A LITTLE SLOW
No material change appears in collections,
| which seem especially slow in the boot and
| shoe and dry goods trades, and two con-
siderable failures at Milwaukee are at
| tributed to bad collections. This difficulty
| is result of the open winter aud deficient
sales of seas 3nable goods, and cannot be
| expected to cease Immediately.
In the woolens trade there is nevertheless
| some increase in the demand, and wool is
moro firmly held, possibly because Of the
| recent treasury decision against the i'm
| porration of wool tops as waste, and the
hearing on Thursday regarding duties on
wOolens and worstels.
The tirmne s in cotton goods abates with
| the termination Of the Fall River strike,
but print cloths are quoted at cents spot.
IRON TRADE WEAKER
The iron trade is weaker, aad blocks are
offered through commissio1 houses at very
| low prices, while two blast furnaces near
| Philadelphia have STOPPED production.
Alabama grayfOrge is offered at SIS %,
and No. foundry at Sl7. More business is
seen in bar iron here and at PittSburg, but
tie rail market continues satisfactory.
The coal market is pronounced the dullest
| for ten years and yes the weekly output in
| spite Of all efforts at restriction rises above
last years, averaging $4,000 tons. At
Pittsburg the closing of the Mono gehela
mines for fortnight is contemt lated and
the trade has ueen bal and grows worse
The glass business is also depressed, buy
ers looking for great increase in produc-
| ton from new works row building
SOPBOI oillhS az I1OuQOAs Wlbu klO VI
| an agreement.
Another decline in wheat of 81 cents for
the week, with sales of over 10000, 600
bushels hare, in spite Of some orders for ex-
| port, comes because large increase in the
| acreage of spring wheat is foreshadowed.
Corn and oats are unchanged, and pork
| products are a shade stronger.
Sugar is in active dema I'D and has risen
| Is cent for raw and a cent for crushed.
Coffee is unchanged, with sales of 229, 900
| bags.
CoTToN's SLIGHT RISE.
Cotton has risen a shade, with sales of
| pa 900 bales. The exports for March were
about 4S0 900 bales, against 265, 900 last
| year, with an increase Of IS, 600 bales in the
port receipts.
Once more the week shows a decrease in
the average prices of all commodities,
which are one-taird Of l per cent. lower
than a week ago and II per cent. lower
| than March l. Since Jan. l the average
decline has been Al ger cent Those fare
| best who realize that this Is an era of low
| prices and very narrow profits.
In the grain business the Northwestern
| Miller concludes an exhaustive investiga-
ton with statement that no revival of
| the demand is to be expected until prices
| come down 10 an export basis.
! In iron Messrs Carnegie and Hewitt have
recently protested that the railroads. by
| continuing the present charges for freight
on material and products, will make it i'm
| possible for the eastern to compete with the
| southern works.
CHEAP SHOES.
The Shoe and Leather Reporter saws:
''The difference bet veen what people paid
| for shoes du ing the pas decade and the
| preceding would suffice to pay off what
emaius Of the national debt, y and yet warns
| traders not to look for the OLD time profits
| At the same time the era of cheapness
| makes it possible to extend manufactures
in countless directions.
TIE North Chicago rolling mill consolida-
ton will commence tue PRODUCTION of tin
| plates. Scores of inventions are develop
| ing now demands for materials, exports are
| expanding in unexpected directions, aud
| British railway being built near the north
ern frontier of India is using timber excla-
| sively from Washi ACTON territory.
MONEY PLENTIFUL.
| The supply Of money is ample, and the
| treasury has paid out Sc, 100000 more than
| it has taken in. Foreign trade in industry
| showed a. increase of nearly 6 per cent in
exports, the excess of imports being only
$2,219 sos.
| In March 1.-THE blizzard month last year,
| the exports from this city have increased
| over 81 600 0O0, or 35 per cent, while 5he
imports have increased 81 per cent, which
| seems to indicate an excess OF over $40, 000,-
| 900 in imports for the month. The weak
est point of late has been the stock
market, which has declined about 81 per
share for the week, with rumors of recsiver-
ships and large selling by investors ON ac-
unit of past acknowledgement and losses.
Selling on foreign account if long con-
tinued would affect the monetary prospect,
| and it is growing clearer that the interstate
| commerce law az amended has not increased
the confidence OF security holders.
The business fail res number 240, as com.
pared with total Of 249 last week and 26l
tine week previous. For the CORE pondine
week of last year the figures were 223.