The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-05-07
DUN'S REVIEW OF TRADE.
MERCHANTS BUYING ONLY AS TIE
DEMAND WARRANTS.

! Great Conservatism Noticeable in All
Lines of Business - Money Every
where Easy Because of the Falling
of in the Taking of Any Risks
Whatever.
New YoRK, May 6-R. G.. Dun & Co. IS
weekly review says: The business failures
occurring throughout the country during
the last week number, for the United States
| 1856, aud for Canada %.
Business has been much retarded
throughout most Of the western states by
unusual and continued rains The move
ment Of products Is thus delayed, though it
is believed temporarily; collections are re-
tarded seeding in many quarters is inter
rupted, though, on the whole, fairly ad-
vanced for the season and the distri-
button sof goods is checked. A somewhat
better tone appears at the south, and bust
ness at the east Is fairly active for the sea-
son, although in some lines dull and de-
pressed. Money is everywhere abundant,
in part because the demand is smaller than
usual but this is. in a measure, due to the
unusual conservatism of the trade, buyers
making many small purchases in
stead Of larger purchases, and waiting
more carefully for actual distribution.
This ia peculiarly the case in the dry goods
and boot and shoe trade. Orders at any
one time have been in most branches mod
crate, but they have been repeated again
and again until the volume Of business is
large.
channels are improving and the unpre-
cedented distribution of dress goods helps
the manufacturers.
SALES OF WOOL.
1.-THE sales of wool this year at the three
great markets have been 80, 2S2, 376 pounds,
against ST. 100, 726 last year, gain OF z per
cent. The inquiry for cottons is large and
improving, western stocks being small aud
trade in prints fair for the season. The iron
trade shows larger transactions but no bet
ter prices. A thousand coke ovens have
stopped at Connellsville because the manu-
facture is slackening, but more inquiry is
seen for rails.
"At Philadelphia the grocery trade is
larger than year ago, and the paint and
glass business fair while building operations
exceed last years by IA per cent.
AT Baltimore trade is decidedly salts
factory, southern trade being fairly main
tanned. and the exports exceed those of the
previous month. Furniture manufacture is
improving, aud ship building plants are
taxed to their full capacity.
Iron is slightly weaker at Pittsburg and
the glass trade not pushing, but the nard
ware trade is exceptionally good. The de-
mand for coke is shrinking and prices are
cut.
IN THE SOUTH.
'tAt New Orleans trade somewhat i'm
proves, with cotton more active and at Sa-
vannah is somewhat decreased, drought
having affected crops.
Cotton is a sixteenth higher, though re-
ceipts and exports exceed last years. be-
cause of sensational accounts Of a deer ease
in the acreage.
Pork products are shade lower, and
coffee weak at three-eighths decline.
The receipts Of cattle at Chicago in
April were the largest ever known In that
month, exceeding last years by Is per cent.
THE money market is not disturbed by ex-
ports OF over 100000 in gold last week,
though S2,600,000 more has already been
engaged TO go this week. The banks are
we'll supplied, and the treasury cannot ac-
cumulate, its revenues for ten months being
$3S, 000, 600 short Of last years, and it has
paid out during the past week 81, 200 900 In
| gold and notes.
exports have been little larger"