The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-05-14
BUSINESS LOOKS BRIGHT.
SHORT CROPS THE ONLY CLOUD
ON THE HORIZON.

Money Easy all Over the Country.
Exports Very Heavy and Imports
Barely Holding Their Own-A Better
Demand for Iron-Business Quiet in
the South.
New YORK. May 19.-R. g. Dun g. Co. IS
weekly review says: THE business failures
occurring throughout the country during
the last seven days as reported to p. G.
Dun & Co. number for the United States
$50. and for Canada %, or total Of 175
For the Corresponding week of last year the
figures were 237, representing PA failures in
the United States and % in the Dominion
of Canada.
1.-The continuance Of very unfavorable
weather throughout large part of the
west begins to cause apprehension regard
ing the crops of the year. AS business OF
all kinds depends largely upon the agricult-
ural prosperity. halting is natural when in
addition to the decrease In sales and collec-
tions which the bad weather immediately
causes there is fear that the
farmers in several important states may
meet misfortune. In all other respects
the situation appears satisfactory, and at
most points the prospects for trade are con-
sidered more hopeful. SO that a short period
of good weather would speedily change the
temper of business Actual distribution
has gone on very feirly. with less diminu-
tion on account of storms than might have
been expected.
MONEY EASY.
1.-THE money markets are everywhere
easy, with visible improvement in the de-
mand at few points. The labor disturb
ances which recur at this season, though un-
usually numerous, do not yet embrace a
great number of men nor seem likely to be
prolonged.
"At Baltimore manufactures are active,
though the building trades are retarded by
strikes.
"At Pittsburg better demand for iron is
seen, and good trade in hardware, and at
Philadelphia fair trade in groceries and
In dry goods, though the western demand
is checked by the weather, with jewelry
quiet and paints in good request.
THE south has little to report at this sea-
son, though Savannah finds the outlook i'm
proved by recent rains. Business is light
at Montgomery; quiet at Little Rock aud
Memphis, and only moderate at New Or
leans, with sugar in fair demand and rice
active.
HEAVY EXPORTS.
Foreign trade In April was remarkable.
The exports of cotton, breadstuffs, pro-
visions. cattle and oil amounted to S54, ,340,-
or, against S47, ,665, ,223 for the same month
last year, with large decrease in cotton
because OF the lower prices, but a heavy in
crease in breadstuffs and cattle. This month
the exports from New York show a gain of
% per cent. thus far over last year, and
meanwhile the imports of last year are
largely maintained. Money is so abundant
that moderate exports of gold cause as yet
no fear. and the treasury has been taking
in Of silver and notes more than it has paid
out by 81, 100000 during the week.
Reports about collections from all parts
of the country are favorable considering the
weather and state of the country roads.
WHEAT DECLINES.
"Wheat has declined pa cents on sales of
100000 bushels. Instead of the 50 per
bushel predicted by the farmers alliance,
the price on Thursday was 8913 cents. The
receipts this week has been comparatively
small but the exports thus far are quite
large.
'Cotton has declined sixteenth, with
sales of AT 900 bales, the receipts and ex-
ports both being close to last years for the
week. The government report shows that
the sensational accounts of a decrease in the
acreage have been, to say the least, some
what exaggerated.
Corn rose a cent and pork products were
slightly stronger, but coffee and oil both de-
clined.
1.-THE stock market has been dull during
the week, and the range Of prices is slightly
lower.
1.-THE spring trade in dresslgoods still holds
on, with a large demand for immediate
distribution, and the trade in fiannels was
never better.
"a small hand to mouth trade is seen in
mems goods, and manufacturers are still
short Of orders, but confident.
"The wool sales at the principal markets
since Jan. l, have been 1900, 900 pounds,
or IA per cent. more than last year.
More activity Is seen in cottons. and
while some brown goods have advanced, the
prices Of prints and many other qualities
have been reduced. Joobers are to Z per
cent. lower than last year.
"In the iron trade decrease OF Z, 7,576 tons
in the weekly output in April has improved
the demand, and stocks unsold seem to be
no longer increasing, though prices gain
nothing, and are so low as to be trying to
many producers"