The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-04-05
TRADE'SHORIZ0N BRIGHT
THE RECORD FOR THE PAST TIRE E
MONTHS VERY GOOD.

Failures Fewer Than in the Same
Period of Last Year and the Liabili-
ties Smaller by IL Per Cent-The
Outlook For the New Quarter
/ Highly Encouraging.
/ NEW York, April 4-R q. Dun & Co.'S
review of trade for the past week was
I issued to-day. 1t follows:
| The first quarter of the year has passed
without the financial disturbances which
many saw reason to fear, with fewer fail
ures than the same quarter Of last year and
smaller liabilities by - per cent; with
larger railroad tonnage than in the
same quarter of any previous year and
with larger payments than ever through
the banks and clearing houses outside of
! New York
! Foreign trade has been heavier than ever
for the season, and domestic consumption,
while smaller than usual in coal, in woolens
and IN heavy winter goods, has been at the
| maximum in nearly all other lines.
The new quarter begins with no appre-
tension of monetary difficulty, with the
| general level of prices recovering from the
de: ression OF February, and with signs of
| Improvement in many quarters, though a
| recurrence of failures of woolens, com mis-
sion and manufacturing concerns, recalls re-
newed attention to the evil effects of long
credits in that department, and to the un-
usual strain to which IL has been subjected
| by the succession of two mild winters.
A BETTER MONEY MARKET
The money market is no longer center
OF apprehension. Rates here have been
about steady at 4 per cent on call, and it is
calculated that the April disbur ements
have been $20.45l, S6l on S757 1888, $40 of
bonds. Sll -, 0S9 on $6S3, 4Sl ,74D of stocks
| and about $6,0J0,0 900 by the government.
| The treasury has taken in but $50, 600 more
| than it has paid out. Foreign exchange is
tritie stronger, but still only shade above
par, and the ne VS. from the monetary cen
tiers abroad is generally favorable. More
| over, the returns Of commerce indicate
| a considerable excess of exports over
imports in March, and trading in
| securities appears to have resulted in no
considerable outgo of capital. The money
| markets Of the interior are more satiSfac-
tory, Boston noting comparatively little
pressure, though rates are firm; Philadel-
| phia reporting money easier, though not
| plenty, because of many large investments
IN southern enterprises; Pittsburg reports
a fair demand at 6 to per cent; Chicago
firm with ample supply; st. Louis, no
change, with 8 to Z per cent. rate; New
|
Cleveland excepted, noting an easy market.
THE WOOL MARKET.
The failures of a woolens commission
| house here aud manufacturing establish
ment i'll Pennsylvania came Just when there
| were siglS of a better demand by manu-
| facturers fol- wool at Boston, here, and at
| Philadelphia On large sales concessions
are still made, but manufacturers reason
that the pending tariff will probably pre-
vent sales Of the new clip at lower than
| current rates. while it may give them bet
ter market for goods.
The reports of the boot and shoe and
leather industry are nearly all favorable.
In the iron business there is another
| effort at Philadelphia to create more en-
| c)uraging impressions but it is now ad-
United that in spite of the hopes there
| entertained the demand for the past quarter
| has been slow ald at Reading prices
| Southern iron is still pressed for sale here,
offers of No. l at SIC 50 being quoted, which
would net Sl2 at the mill, while northern
is quoted at SIS 80.
Copper has been weaker abroad though
| the English and French stocks are placed at
| u, go tons as against %, $50 March l, and
| ia, $50 year ago.
| Tin is duh and weak and the dullest week
| Tor long time in lead-closed at about
SIS 81
The reports of trade from interi cities
are generally favorable. At Philadelphia
The leather trade is unsettled; the drug trade
| fair and tobacco more active.
| FAILURES FOR THE QUARTER.
| The number of failures during the first
| quarter of 1890 was 3 2223, against :, 3lI last
| year, with Il decided decrease in the eastern.
| southern and Pacific states; but an Increase
IN the middle and western states. The ag-
| gregate of the liabilities was S37, S52, 96S,
against S42,972,5 $40 last year, but in this
particular there was an increase at the south
and i'll the middle states-in the latter
nearly so per cent.--with a decrease in all
| other sections
The business failures occurring through
out the country for the past week number
for the United States ls9 and for Canada II
a total Of 2O6, against 2A3 last we, X