The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-06-15
DUN'S REVIEW OF TRADE
TIE OUTLOOK ON TIE WHOLE
CONTINUES GOOD.

The Improvement in the Iron and Stesl
and Wooden Industries Maintained
Exports of Merchandise on the In
crease-The Failures for the Week
Show Slight Increase.
NEW YORK, June AR G. Dun &
Co.'S review Of trade for the past week is as
follows:
The better feeling which was observed q
week ago in the iron and steel, and WOODEN
Industries still continues, and Improvement
is now felt in prices as well as in the
magnitude Of transactions. Meanwhile ex-
ports Of merchandise increase, and never
theless gold goes abroad in large amounts,
about $, 800, 900 having been ordered for
shipment to-day. Imports Of merchandise
remain about as large as they were year
ago, when the excess over exports was
heavy. But in the two weeks OF June the
value of the merchandise exports from New
York gained 20 per cent. over last year,
and the exports Of breadstuffs, cotton, pro-
visions and oil for May were 12jl per cent.
over last years. These facts point to a
smaller but yet considerable excess Of i'm
ports over exports this year. so that the
outward movement Of specie Is fdiiy ex-
planned, irrespective of trading in sscuri-
ties, but in these it is stiA the impression
that foreign sales exceed purchases.
RAILROAD PROPERTIES.
The news as to railroad properties is more
favorable. The proposition TO settle the
Northwestern controversy on the basis OF
an allowance Of 60 per cent. Of the through
freight 10 the lake lines is expected to be
accepted. Other difficulties are in more
satisfactory shape, and the earnings con-
tinue in excess of last year. The railroad
progress in restoring the lines interrupted
by the food gives additional encourage
ment, and the loss Of property
and of life appears from later accounts to
be less than was at first reported. Mean
while the government and other crop re-
ports, though in some points conflicting, are
on the whole decidedly encouraging, but re-
ports Of injury by lack of rain in some re-
gions have been made the pretext for little
movement In the market, ard the general
average in prices has again advanced a
little.
IMPROVEMENT AT SOME POINTS.
Reports from other cities indicate i'm
provement in trade at Cleveland and Pitts
burg, and in the wool and groceries trades
at Philadelphia but otherwise little change
Collections show no improvement on the
whole, but complaints refer more frequently
and some continuing embarrassment
from the last open winter. In
dry goods there are clear signs
Of greater activity, and some bleached
cottons have been advanced, while brown
goods, recently reduced in price, have, in
some instances been put back. Especial
activity in leather has resulted from floods
in regions where many tanneries are
located, and crop leather has advanced
fully 2 cents since June l. In the anthrs-
cite coal trade there is better demand,
with reduced output
TIE IRON TRADE.
The capacity of the iron furnaces an
blast June | was 49, JIG tons weekly,
against IA, 342 tons May IA, but much of
the decrease was due to the stoppage of the
furnaces at Johnstown, which were not
much injured. and are expected to resume
work Immediately. Sales of southern iron
continue large. and the prices of pig at
PiMsbIrg are rather lower, but the Cambria
Iron Company has advanced its quotations
SIT for No. l. Better prices are realized
for structural and plate iron, and a tenth of
a cent better for bar iron. while the larger
demand for steel rails has SO stiffened the
price that $2S is now quoted. Part of the
demand resulting from the necessity
roads destroyed by the food is
but temporary, and yet the consump-
ton otherwise must be on scale hardly
ever surpassed since prices stffen. with raw
iron coming into market at the rate of more
than 10000 900 tons yearly.
BREAD sTUFFs STRONGER.
Bread stuffs are stronger.
Corn has not changed and the official re-
port for May shows exports of 101, 257, 564
pounds against 101, $40, 05l pounds last year.
Since June l, the shipments have been very
small, with even greater decrease in the
port receipts
Coffee has receded Lack of demand
at the high prices is at last affecting specu-
lative confidence.
Pork products and hogs are lower.
Oil has advanced Ia cents.
The rise in raw sugar continues, being II
cents per 100 pounds for the week, and re-
fined has been marked up to 9% cents for
granulated.
No disturbance results in the money
market here from heavy exports
of gold, in part because during the past
week the treasury has paid out s., 600, 900
more than it has taken in, but shrinking
bank reserves in June do not promise easy
money next fall.
Business failures occurring throughout
! the country during the last week number
for the United States 226 and for Canada
"a, total of $50, against 225 last week.