The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-05-21
DUN'S REVIEW OF TRADE
BUSINESS AFFECTED BY THE
FLOODS AT THE WEST.

Nothing to Warrant Apprehension Of
Deficiency in the Years Crops
Money Everywhere Plentiful-Col-
lections Unsatisfactory Only Where
the Weather Has Been Bad.
NEW YORK, May Cor. G. Dun & Co. s
weekly review says: 1.-THE business failures
occurring throughout the country during
the last week number for the United States
1863, and for Canada %, a total Of
1872. For the corresponding week last year
the figures were pa failures,in the United
States and 40 in Canada.
"Great floods at the west, unprecedented
at some points, and prolonged rains extend
ing over the whole Mississippi valley, seri-
ously interrupt trade. But there is nothing
to warrant apprehension that the years
crops will be deficient, or that trade for the
year will fall below expectations. In all
quarters a confident spirit prevails, and
even at the south business seems to be rela-
lively less embarrassed than of late.
MONEY PLENTIFUL
Money is everywhere In large supply
and light demand. Collections are only I'M
satisfactory where bad weather delays dis
tribution and settlements. PHILADELPHIA
notes fair trade in dry goods-excellent,
except with the south; more activity in
wool, especially in worsted grades. and
larger trade in iron, though at low prices.
More encouragement is seen in glass. and
slight Improvement in some groceries Iron
is weaker In Pittsburg, but there is a fair
demand for finished products. especially for
hardware, and improving trade in glass.
IN THE SOUTH.
"At New Orleans trade is fair, with COT
ton in better demand and firmer, and at Sa-
vannah, though trade is falling, the pros
poets are favorable.
Coffee has advanced half cent, with
sales Of 1873, 600 bags
"The injury Co cotton in the southern
valleys has less to do with the advance of a
sixteenth in price than the covering of
speculative sales. With dealings of Ale, 900
bales. the fluctuations have been small
THE great industries are fully as active
as usual at this season, though prices are
remarkably low. Cotton perhaps fares
best, the price Of material being about the
lowest for forty years, while great de-
mand prevents corresponding reduction
in goods.
A GOOD MARKET FOR WOOL.
New wool begins to come forward and
IS promptly taken, with slight advance
in some grades, the market being more
nearly bare of supplies than usual. The
sales at the three chief markets aggregate
since July l 1900 pounds, or 10 per cent.
more than last year.
Manufacturers are fairly supplied with
orders in most branches, the demand for
dress goods pressing upon the capacity of
the mills, and the trade in flannels exceed
ing last years.
IRON MORE ACTIVE.
"The iron business is distinctively more
active, with larger transactions in all
grades, though prices do not improve at ell.
There is still some pressure to sell
inferior grades Of pig, but
the better brands are strong. The
consumption is gaining upon the supply, and
stocks are diminishing. No improvement is
seen in bar or plate iron, but there is more life
in structural iron, and many considerable
orders have been placed. Rails are stag
nent; buyers being in no hurry to pay the
combination price. Differences in the
building trades alone seem to prevent a
really unprecedented demand for struct-
ural iron and other materials"