The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-02-28
TRADE STILL HESITATES.
pULJNESs MORE NOTICEABLE
AND MONEY TIGHTENING.

The Possibility Of an Extra Session of
Congress Felt in the North-Ths
Quietness Of Real Estate and the
Low Price OF Cotton Felt in the
South.
NEW YORK, Feb. Pr. g. Dun & Co.'S
weekly review Of trade says: There is not
much change in the condition of trade, bat
there is little more dullness at the south
and 10 the northwest, with little more
stringency in the money markets and COM
plant about slOwness of eollec-
tons. In general, business is still hesitat-
ing. Though there Is no chance Of monetary
legislation at this session Of congress, the
chances Of an extra session Of congress seem
TO be rather greater than before, and pend
ing legislation IN several western legislat-
ures regarding loans. mortgages, land
titles and railroads, causes much timidity
and shifting Of capital. But larger cause
Is undoubtedly the partial loss OF crops,
which has left great many Of the farmers
without means for the usual purchases.
THE REAL ESTATE BOOM.
AT the same time the collapse of the
real estate boom which so wildly inflated
prices throughout the west and south has
affected business more than has yet been
realized. To this infiusnce is added at the
south the extremely low price of cotton
which affects the farmers more because 80
many of them tried. by holding back their
crop, TO force higher level of prices. Thus
a tardiness of collections begins to appear,
because the local debtors do not realize on
their goods as promptly as expected.
"At Philadelphia there are tolerably good
collections in the clothing and dry goods
trade, but poor in jewelry and extremely
poor in paints.
MONEY TIGHTENING.
1.-THE money market, although still gen.
orally called easy. gives signs of steady
approach to stringeney. Southern reports
generally note fair demand, but no inn
provement in trade, while the north western
reports are, on the whole, less favorable
than before.
Business at the eastern cities is irregular.
The wool trade is strengthened by compare
tive scarcity, and the prices Of some grades
are higher Knit goods manufacture has
apparently gained most, and next the man
ufacsure Of dress goods. Continuance of
purchases at more than the usual rate will
be needed to make the season satisfactory in
mems wear goods.
TRADE IN CoTToNs.
TRADE in cottons is dull, because the
southern demand has dropped remarkably.
"In rubber goods the trade Is unsettled,
some makers having advanced prices with
those of crude rubber, while others have
not.
THE glass trade is fair at Pittsburg and
light at Philadelphia.
steel rails do not move, because buyers
doubt the permanence Of the combination
''Coal is dull, but in fair demand.
"Cigarmakers are busy. The advance in
Sumatra leaf retards sales
There has been an advance in the aver
age prices of all commodities amounting to
a of per cent for the week, but it has
been almost exclusively in products of
which the crops were short The price of
wheat has not advanced, western receipts
continuing heavy while the exports are
lower, but corn has risen q cents and oats
IN cents.
COFFEE HIGHER.
"a speculative advance Of over one-half
OF cent is also seen in coffee. The exports
OF merchandise from New York for the
past four weeks have been "A per cent. less
than for the same weeks last year, and the
imports also decreased about 10 per cent.
Little disturbance is caused by further
shipments Of $780, 900 gold to Europe, aud
as the treasury disbursements for pensions
are just now enormous, the m 0nsy markets
are likely to be strengthe ed for time
The business failures for the week num-
Der 2o6. For the corresponding week of
last year the figures we're 257."