The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-04-12
TRADES SKY CLOUDLESS.
THE MONEY MARKETS. EASIER
NEARLY EVERYWHERE.

Dixie Drawing Heavily on the North
for Payments for Products sold and
Sending Only the Usual Amounts
Back for Goods Purchased-Tne Iron
Market Overstocked.
New YORK, April 11--R G.. Dun g. Co.'S
weekly review of trade, Issued today, says.
With larger tonnage in motion than in
any previous year at the same season,
larger volume of currency in active circula-
tion, larger payments throughout the clear
ing houses by nearly 10 per cent, larger
imports and exports, aud larger domestic
production in agriculture, in iron end steel,
and the leather aud boot and shoe manufac-
ture, the country has entered upon the second
quarter Of the year with great hopefulness.
Trade throughout the country seems grad
ually improving-severa! failures with
unpleasant features have disturbed confi-1
dence, winter wheat has sustained some
injury from the unnatural season, and wars
Of railroads grow more threatening to in.
vestors and at the same time labor dis
turbances begin to menace important indus.
tries. Nls
THE IRON INDUSTRY. ~e
The iron industry has advanced too rap
idly and the expected set back has begun.
The furnaces In blast April were Of III, 600
tons weekly output against 10000 March
!, and l4S,000 a year ago. The production
for the quarter may be estimated at 3 2250,-
600 tons, against 100000 last year,
and the stocks on hand are accommodating.
AT nineteen southern furnaces in March the
increase in unsold iron on hand was equal
to 30 per cent. Of their entire output.
Prices are lower, southern No. 4 being
offered at $l7 80 and northern at SIS,
while bids of $39 are sought
for steel rails. The business in bar iron is
better, with no change in prices. Plates
are moving at very unsatisfactory prices,
and structural iron Is not as active as the
makers wish.
THE SPECULATIVE MARKETS.
The speculative markets have been more
active, with higher range of
prices on the whole. The sales
Of wheat have reached $4,000, 900
bushels here, and the price has advanced
2M. Corn is also half a cent stro1 1ger, with
sales for the week of 11,000,000 bushels,
and oats are nearly | ceut higher.
Sugar has been firmly held, the support.
ers of the trust calculating that no change
will be made in the duties.
The reports from other cities are more
generally favorable. At the south, outside
the direct effect of the floods, trade is good
and less time is asked than usual The
monetary sitaation does not threaten.
THE MONEY MARKET EASY.
Exports of products are falling off a
lit le, while tho imports continue large, so
that. in the absence of foreign purchases
of seeul tiles gold exports may occur, but
for some time to come the money market is
likely TO be well supplied. Interior mar
kets are generally easier, and at Kansas
City and Milwaukee with more demand.
At Cleveland the demand Is so active as 10
cause stringency. Ii is not to be
overlooked that the west and south have
been drawing from the east enormously for
products sold, while the purchasing Of goods
is not much more than in other years
The business failures during the last week
number for the United States 176 and for
Canada SO, a total Of 200, against 206 LASH
xvaoL