The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-04-06
1T WILL BE A BOOM YEAR
THE PROSPECTS OF LEGITIMATE
TRADE VERY BRIGHT.


Favorable Crop Prospects Reported
from Every Part of the Country
Building Operations Very Lively at
Philadelphia Everything Looks
Like Good Times.
New York, April 5-R. g. Dun & Cos
weekly review of trade reads a follows:
The course Of events has not changed
Prices continue to sink, though the volume
of trade. both domestic aud foreign, con-
tinues large. Railroad earnings show an
increase Of about Is per cent over last year
for March. so far as reports have been re-
ceiyed. and vet stocks are lower and some
have been sharply depressed though IN
later quotations partial recovery IS seen.
Trade at interior points is pronounced dull
or quiet in nearly all cases, though at
Cleveland it is fairly satisfactory and
clearly larger than last year; at Atlanta it
is satisfactory. with spring business well
sustained: at Omaha it is considered good;
at Kansas City improving, and at st. Paul
the trade in dry goods aud clothing is very
active There IS also some improvement
noted at Detroit, particularly in ship
building, and lumber IS hrmer.
BUILDING OPERATIONS.
Philadelphia contractors report larger
building operations than ever, and real
estate transactions of 81 900 900 for March,
with dizziness IN the drug, liquor, tobacco,
cattle. iron and coal trades, though some
activity Is seen in structural iron, and
better feeling IN dry goods.
Toe money markets are easy, with a
light demand at nearly all points, and col
lections, though generally rather backward,
have improved somewhat at Kansas City
and Detroit, but have fallen of at Atlanta.
WOOL DECLINES.
Wool has declined for nearly ali qualities
except New Mexican and Texas which are
ashade stronger. The average Of lO4 quo
tations Is 24.S cents against p. cents In
March. But 1t is thought that the outlook
is favorable for a good demand when the
new clip appears, unless manufacturing
should continue Improbable De-
pressing influences are felt in several
branches Of the dry-goOds and clothing
trade, not the least being the accumulation
of goods which the open winter left unsold.
The dema d for woolsns is very moderate,
as orders for import are restricted. Co1tons
are duler and print cloths are weak a. 81
cents per "a S. But raw cotton is a
stronger The export demand continuing
in excess Of last year,.
IRON WEAKER
In the iron market more pressure to re-
alize is seen here and at Philadelphia, and
in the south iron is from 50 cents 10 81
below corresponding northern grades. Bar
iron remains very dull aud rails have sold
moderately without lifting Of prices. The
allotment for the year mas been increased
90, 00J tons.
In the coal market no improvement ap-
pears, and between the effects of an open
winter and war between the companies and
individual operators who undersell at pleas
ure the situation IS discouraging to those
who are trying to maintain prices.
COPPER Quotations.
Sales Of copper all Dad at about 941 per
ton, with no news of a settlement between
the syndicate aud tie producers, causes
stagnatlon here, and while Lake is sold at
151I cents for April the quotation for G.
d. B., July, is only 1905 cents.
Oil has been inactive and a shade higher,
but pork is fifty cents lower Pressure TO
sell abroad, aud fear of monetary troubles
growing out Of the Paris difficulty. have
reduced the price of coffee half cent.
though a stronger feeling was afterward
seen.
LOWER AVERAGE.
The average prices Of all commodities
have again declined over one-half Of l per
cent for the week, making ths fall since
March fully per cent, and since Jan.
over ) per cent. The most important
change is a fall of % in wheat, which
naturally weakens as dreams Of
an expected famine give place 70
realization Of large unsold stocks on
hand. Reports from the growing and SOW
ing regions continue 70 foreshadOw a large
yield this year, and the demand from
abroad though better since prices fell is
not large enough TO promise clearing Of the
surplus stock on hand. Corn has advanced
u cents, export demand continuing, aud
oats a fraction.
LOOKS LIKE STILL BETTER TINES.
Favorable crop prospects, though dis
heartenlng TO spectators, tend strongly to
sustain the confidence of those who look for
improvement IN all branches Of legitimate
business. The export business distinc "
impro- es already, and for the past five
weeks the value shipped from this port az
gregates S34070.000 against s25, 901, 600 for
the same week last year. Meanwhile. in
part because changes IN treasury rulings
are expected, the imports have Of late been
little smaller than last year
MONEY NOT STRINGENT.
Apprehension of stringency in the money
markets about April has now passed, and
heavy iquidations in securities on foreign
account causes as yet no such withdrawal
OF foreign capital as has been feared. Dis
trust as to some American securities does
not vet seem TO have prevented CON
tinued investment of foreign money il
OJneF secui letlss, III loans OF many kinds,
and in industrial enterprises the GENERALLY
prevailing belief that. In spite Of the present
low prices, the business OF the country is 70
be Oh tie whole prosperous this year, and
that large crops will revive trade Of all
kinds. mas its natural effect upon the minds
OF those who find no more promising field
for investment abroad.
Secretary Wirdom has made it clear that
he will not at present pay over los for as.
or purchase A. in preference, and during
the past week the treasury has taken ia
about 100000 more money than it has
paid out.
The business failures occurring through
out the country during the last week mum
Der for the United States 1877, and for Can
ada 80; total Of ~, against $40 last
week
FAST TRACK AND BIG CROWD
Duchess May, Lucy Howard, Quota