The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-03-14
DUN'SREVIEW OF TRADE.
A HEAVY DECLINs III TIE OUTPUT
OF thu FURNACES.

The Prospects for the Building Trade
where-Brighter Reports from the
South-1he Volume of Business
Larger than a Year Ago.
NEW YORK, March 13.-R. G.. Dun &
Co.'S weekly review Of trade for the week
says: 1.-THE weekly output Of all the fur
naces on March 1 was but 1885 tons,
against l46,O50 on Feb. l, a decrease OF
Is per cent. In month so great decline
would be sign Of impending disaster if it
were not properly attributable in a large
measure to temporary causes. The belief
that the coke stri will soon end in cheaper
supplies OF fuel, while the railroads west of
PittsOurg have just agreed to reduce their
charges, prompts consumers to expect lower
prices soon, and though the ma ket here
has better tone, northern No. is quoted
as low as S17 and southern at S16 %. A
rail combination has at last been formed !,
but the demand is small. Bar iron is weak,
but in structural iron there is more activity.
BUILDING OPERATIONS.
1.-THE prospect for the building trades is
rather dull here, but at other cities, par
ticularly in the west, it is remarkably
bright with the single condition that threat
ened labor troubles do not interfere.
"Wool manufacture is doing remarkably
vel, though prices of goods do not adj
vance. The mills engaged on dress goods
and knit goods are especially active, and
worsted works are on full time with fair
prices.
"In the boot and shoe industry the shops
are fairly employed, and some new works
are going up, but the speculative furry in
hides and leather has made business less
satisfactory
1.-THE reports from other cities are fairly
favorable.
REPORTS FROM THE SOUTH.
''The reports from the entire south are a
shade brighter, because cotton has recov-
cred slightly in price. Baltimore reports
trade ahead of last year; New Orleans finds
the cotton receipts moderate sugar dull
and rice firm; Savannah deems the prospect
very bright, and at Atlanta a better price
in cotton helps, but at Memphis depression
continues, and at Louisville trade is slow.
In tine south little is said Of collections, but
throughout the west complaints of slow
collections grow more frequent. and the
money markets, tn ugh not positively
strong, are generally firm, with a more ao-
tive demand.
THE VOLUME OF BUSINESS.
1.-THE volume of business continues larger
than year ago, but the range of prices,
farm products included, is over 10 per cent.
higher, and has advanced Is per cent dur
ing the past week. Wheat rose AK cents,
but reacted about l cent to-day, the sales
for the week being So 900, 900 bushels. Con-
sdering that the western receipts
steadily exceed last years while the reports
OF the foreign scarcity are not
sustained by the exports, which still fall far
behind last years., speculation is venture
some. Corn has advanced ~ cents, and
oats 215 Gems for the week, on rather
larger sales than usual, and cotton has risen
an eighth on sales of 600 900 bales. But all
of the speculative markets have to recede
with the possibility of scarce money be-
fore long, as the drain from this city to the
interior continues.
THE STOCK MARKET.
SIN the stock market foreign alarms came
when the holders were wearied by the alb
sence of public support, which was expected
after congress adjourned, and by the con-
tinua1ce Of the controversies which it was
hoped were settled weeks ago. But the de-
cline has only pulled back the prices to
about the level of Jan. l. and, while the
market is very dull, it shows no symptoms
of alarm or special weakness.
1.-THE busne failures for the week num-
Der 239 For the corresponding week of
last year the figure was 2l7."