The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-05-11
TRADE IN A MIXED STATE
SOME BRANCHES FLOURISHING
AND OTHERS LANGUISHING.

The Period One of Readjustment and
the Symptom Therefore Not an Un-
usual One-M oney Reported Easy at
Most Pcints-The Failures of the
Week.
New YORK, May 10.-R. G. Dunn g.
Co.'S, review of trade for tho weeks says;
Post-centennial business here has abund-
dainty satisfied some houses, but greatly
disappointed many others. Ii is the most
prominent characteristic of the present
situation throughout the country that the
usual consistency of commercial action is
lacking; transactions aud results for some
branches of business are highly satisfactory,
and for Others much the reverse This is
not an unusal symptom of a period of
commercial and industrial read diustment,
when everything has to be ad lpted to a
new scale cf prices and profits, and 70 new
conditions. but it has hardly ever been nor5
nromneEG tbal it il now. Many iron
works are closing. for example, bat many ?
are doing remarkably veil Many wo1len
mills are Idle, but others are at WORK on
full time with fair profits. The approaching
transition from one crop yea to another,
the recent change Of administration,
changes in the Interstate comme ce law,
and the rapid development of manufactures
at tle south, are producing effects which
cannot yet be fully measured.
IRON PRODUCTION DECLINING.
Iron production has begun to decline, the
output weekly Of anthracite and bitumin-
us, May /, being only 1873. IA tons, a de-
crease of 4,3i3 tons weekly since April /.
But the announcement by the Thomas Iron
Company that it " i'll supply No foundry
at SIG so at tide, and gray forge at SIS, or
lower, II necessary TO meet south
or competition, is expected to
accelerate reduction Of the output.
The Ia gest Virginia concern has reduced
its price 81 80 in return, an Ala ANA iron
had previously baeu SELF X here at S16 A.
number of furnaces are a out TO blow out,
though wo ks making Bsssemer iron, or
nil iron, for their own use, are not
affected. Prices arc lower at Plttsburg
also, but there is a bet er cling in finished
bar iron there, and at Philadelphia the
demand for plate, pioe, sheet and structural
irol continues satisfact ry.
WOOL CHEAPER.
The wool market goes over while wait
ing for adequate new supplies, and the
average of lU4 q !alitlts, on May /, wa 243
cents, against 24S csIts April l. TIE
failure depends upon the state of The go DIS
market, waIch is now no encouraging.
The de aand for woolens IS neagre, deal
| iLlRb III hT6Ss EOptAa are ilEuL, anu, Wnlla
waiting for the tr easury decision regar ling
| y rsteis, ma .uIacturiug and buying are
| retarded.
| Cottol manufac ure is active and he llthY
and Isine afte the centennial holidays
as bes1 at firm prices. with prospects Of
| peedy alvanc3 in heavy sheetlngs, while
| glugh ms are also siro1g.
A Philadelphia, the clothing trade Is
considered or, aud collections 'about as
Dad they ever nHVA baeu
The speculative movement in breadStuifs
has deve oped again, apparently base on
he theory tnat though the coming crop
may be very large there will
1e enough actual scarcity in
July, before nev wheat comes
forward freely, to enabla traders to load.
Wheat has lvanced l q cents. err ~ aid
"A s 4, with al advance OF Is Gems per
l0) ounds in hogs a nd lard.
Oil has declined 614, and cotton 1-16,
with sa % of $500 bales hero for the
week. The receipts are just now falling
below last years, while exports are fully
mailtai iel ut southern crop advic % are
unusually favorable.
The grocery trade has been active, with
collections fair, tlough in sugar the de-
nand is aghin co ltinel to actual needs.
GENERAL DECLINE.
In spite 0f some speculative advances.
the general average OF p ices for conmod-
itie5 is a little 10 wer than il was May 2, and
Jhe fall sincS Jan. ha been uearl 6< per
cent, and raj az tho west have given
wheat SPECULATION a setback.
The stocR market has i'm ated that king
Who marc ed up II a d then march. Il
down again" and it ends mt exactly the
average of a week ago, the default in s.. LOUIS
and Arkansss being the most prominent
causes of the recent weakness But the
largo exports Of gold, who reg n a week
ago, AID the absorption Of 81 900 900 by the
treasury 81 CO MAJ 3, al % have some effect.
The exports of merchandise have dro ped
below last years again, and while reports
from tbs terror markets are general un-
chang representing money as abundant
and in only mode Q de nand, a sha per
demand at Cleveland cause a slight strin-
gency. No cla ige appears Ia the re-
pJr.s as to business activity at other
JOi is, excepting tat the outlook
in tho northwest Is regarded much m re
co fidently since the recent rains. Every
whe the crop prospec are enco iraging
wit the season more sd tancei tnan u ,uai,
n ID the acreage In wheat consid ,raoly in
creased.
The business failures occurring through
out he country during last week nunb.r
for the United States 1913, and fJr Clnada
20, to,al of 227 against PA for to pre-
ced.ng week.
SUGAR BoUNTIEs.