The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-04-11
DUN's RE'IEW OF TRADE.
A Slackening Trade Due to Tenn
porry Causes.

A Slackening Trade Due to Tenn
porry CAUSES.
New YoRK. pril 1O.-R. G. Dun &
Co.'s weekly repw of trods says: at
cannot be said rat the business Of the
country is expaning when there is a de-
crease Of nearly ae sixth within a single
month in the ouult of pig iron. In nearly
ali quarters tn admitted slackeniug of
trade is attribu.d to merely temporary
causes, but thestate Of the iron trade
cannot be thus explained, and while it may
at any the change for the
| better. it is at present an un-
favorable symp,n. The anthracite and
coke furnaces wre producing April l 102,-
o9S tons weeklyAgainst 1913, 636ltons March
l, III, Jos tons lee. l, and 1880 tons a
| year ago. The cures of charcoal produce
ton are not yegiven, but at Detroit iron
| is offered at IS, the lowest price ever
known. 1t is hopeful feature. on the
| other hand, that;he stocks unsold have de-
creased during tie month moro than one
quarter, both Of anthracite aud coke iron,
| at the furnaces r9orting.
THE TRDE VERY DULL.
'But the trade is very dull and some
southern furnacesweakening as to price,
and the market fr manufactured forms OF
iron and steel shows no Improvement. It is
said that the orde's for rails placed this
year do not reaci 400, 600 tons. Another
element which my prove Of great, though
temporary importance is the decision of the
great body of the miners to strike
May for eight hours. Philadelphia
reports little call br clothing wool, but .
far demand for conbing, and good trade in
groceries, though tea and coffee are quiet.
Plttsburg reports lower prices for iron
products, but glasi is sustained, with i'm
proving trade. At New Orleans trade is
quiet. and at Memphis caution rules, but at
Savannah the prospect is bright, and there
is improvement at Jacksonville.
THE SPECULATIVE MARKETS.
"The speculative markets are rather
inert, aud the general average of prices is
now 2 per cent lower than it was two
weeks ago. The movement of wheat, -four
and corn falls far below last years. The re-
turns Of foreign trade for March appear to
indicate an excess Of about $1,000, 900 ex-
ports over the imports, but the exports
cannot be expected to enlarge from
this time forward. The money market
here is quiet a1d undisturbed, though at all
eastern markets there is more than the
usual disposition to loan on call rather
than on time. and at Boston there is con-
siderable stringency. Philadelphia and
Pittsburg are easy, but at Cleveland there
is some pressure. Cincinnati is a little
close, and at Chicago there is good de-
mand at per cent.
AT OTHER WESTERN POINTS.
SAT other western points generally the
markets are comparatively easy, and at the
south not materially changed. Collections
are not as rule satisfactory, owing to bad
weather and bad country roads. The
stock market decidedly improved most
earnings and the prospect Of easy
money, but has since grown weaker,
though still averaging about 81 81 per share
higher than q week ago. Probably fear of
important labor troubles has some influence,
but the state of the great Industries is just
now altogether encouraging. The failures
for the week number Gil. For the CORE
spending week OF last year they were 176. u