The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-05-03
PRICES FAIL TO FRANCE.
STRIKES AND DAMAGE TO CROPS
ACT AS A CHECK.

Speculative Markets Also Less Buoy
ant Than They Were When silver
Legislation Was More Certain-The
General Average of Prices Nearly
One Fer Cent. Lower than a Week
Ago.
New YORK, Nav 2.-The weekly review
Of trade of R G. Dun & Co., issued to-day,
is as follows:
The prospects of silver legislation having
become less distinct some Of the speculative
markets have reacted from the recent adj
vance. AT the same time the outlook for
industries and legitimate trade is distinctly
unfavorable, owing to the damage to wheat
and cotton aud labor disturbances. The
accounts of injury to winter wheat grow
more definite and foreshadow a lower OFF,
cial report than that of last month. The
general average of prices is nearly / per
cent. lower than week ago, not
outstanding a rise OF 81 in wheat,
due to the reports of injury.
The sales here were A,OUO.OOO
bushels, and the experts both of corn and
wheat and -four continue large. Corn
made no advances during the week, and
oats declined 4. Pork aud lard were ad-
vanced little by speculation, and oil rose 3
cents Cotton rose 3-16, with sales here of
$4,000 bales, the receipts and exports again
falling below those of last year.
IRON LOWER.
Iron was lower at Pittsburg, but with
more sales, and not changed at Philadel-
phia. but southern blocks were sold here at
SIG rs for No. l. Steel rails are quoted at
$685. buyers claiming further concessions.
ba -lyaf for l.ar f,-nra 80 or
plates only fair and for structural not up TO
expectations.
Reports from other cities are generally
favorable as to the volume of business, and
bank clearings show an increase over last
year Of 10 per cent. At Boston wool is
stronger on some grades that are scarce,
and better demand is seen. the sales reach
ing 100000 pounds, and yet no improve
ment whatever is detected in the market
for goods there or here. The difficulties in
the clothing trade do not abate, and appre-
hension of more failures causes an uneasi-
ness in this and other cities. Chicago reports
the usual increase in the movement of
grain and meats and increasing sales of dry
goods, but stagnant clothing trade. At
Pittsburg manufactured iron is sin the
dumps"
THE MONEY MARKET STEADY.
Money has not been disturbed this week,
holding steadily at per cent. on call here,
easier at Philadelphia and in fair supply at
other cities at rates as usual. There is
much less complaint of slow collections
throughout the northwest, but considerable
in some lines at Philadelphia, Boston, and
New York. Good crops aud large sales OF
farm products have made things compare
lively easy at the west, but the effects Of
two successive open winters are felt in the
eastern markets.
The advance in the Pennsylvania divi-
dend does much to encourage foreign buying
and the tone of the market is de-
cidedly strong, but the exports of all pro-
ducts from New York are IS per cent.
below last years for April, while the i'm
ports have shown an increase of IS per cent,
facts which indicate heavy excess of i'm
ports over exports for that month.
The business failures throughout the
country during the week number for the
United States 1885, and for Canada. 20; total
of I'll, against 2lS last week.