The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-04-09
DUN'S REVIEW OF TRADE.
NORE PROOF OF TEE IMPRoVEa
MBNT IN BUSINESS.

----~------~
Slackness ct q Few Points Attributss
Bile to Local Infuences--The Bx-
treme Low Prices for Cotton stilf
Felt at the south-A Revival in
Building-The Weeks Failures.
New YORK. April S.-R. @. Dun g. Co.'S
weekly review Of trade says: "The business
failures that occurred throughout the
country during the last week number Tor
the United States 1T. and for Canada 81,
total of 20s against PIG last week.
'Another week brings additional proof Of
actual Improvement in business at many
points, while sIackness at few Is explained
by causes obviously local and temporary.
AT some points bad weather and impessabIe
roads still retnrd, while at Others where
that condition has passed, vigorous revival
is seen.
THE extreme low prices for cotton still
depress at che south, aud the production OF
iron In excess OF the demand has caused the
failure of ono company and the closing of
several furnaces.
''SDring brings us a revival In building
and demand for materials at some points
larger than usual, and at only one as yes
reporting checked by aD expected strike.
Aho Ilputy COnblnub huuiIud
antly supplied and easy, with no trace oG
the pressure often seen about April and
while at most points the demand is only
moderate. at some points tue demand is in-
creased. Two theories are advanced thae
trade has disappointed expectations TO SONS
extent is obvious, and there are some whos
claim that a reaction has begun OF
unknown duration, which appeared in
Europe last year, and was only In part de-
ferred here because OF the extraordinary
crops. Tnese have to support ubem unusu~
ally low prices and in some departments a
shriDkaRe In sales, but others argue that
the disappointment is due to excessive exs
pectations. and especially to failure to take
into account the great volume OF indebted~
ness left from real estate speculation at the
west and south, the influence hore of bad
crops aud the financial depression abroad.
These have TO support them much evidence
that the actual business transacted, alt
branches considered, is greater than ever
before at this season, in spite Of ali obstacles
and complaints
REPORTS FROM THE CITIES.
'The reports from other cities are. on the
whole, favorable. At Philadelphia the
failure OF an iron house. folio wing that OF
the Lehigh Iron Company, depresses that
trade. but dry goods is better, with q good
demand. No Improvement Is seen In wool,
and groceries are duh. though the sales for.
AnS year appear EFbhbeT bhuu lnhb year s.i
Tobacco is improving. The liquor trade is
good and chemicals steady, aud In paints
and building material Gn exceptional trade
is seen.
"The payments through the clearing
houses outside Of New York are larger than
ever
Railroad earnings show substantial in4
crease.
"The receipts of bresdstufTs will exceed all
past experiences and the receipts Of cattle
at " estern cities are 1916, ,6i5 head for the
first quarter, gain Of II per cent. over
last year.
"lhe sales of wool ut all the principal
markets for the year thus far exceed last
years, indicating larger manufacture.
'The shipments of boots and shoes now
exceed last years, though for the year thus
far they are per cent. behind, but some
shops are now working overtime.
''Coal is dull but firm, sellers gradually
getting up TO schedule prices
"a better tone with larger sales Is seen In
iron, for the output he's been reduced 7,50G
tons weekly, and an improved demand Is
seen for plate, structural and sheet iron.
Cooper is dull with indications that the
combination has failed.
''Some concessions are seen in coke tim
plates.
"Lead is dull. but tin rises a little.
Speculation has been stronger wheat adS
vancing 3S4 ceDts corn cents, and cotton
1-16, with smaller receipts. Oh is cent
higher, but coffee d of cent lower.
Foreign exchange is fraction lower.
though exports fall a little behind last years.
for the week.
'The treasury shipments exceed the rec
ceipts for the month thus far over l,000,~
600.
1.-THE stock market has shown no impor-
tant change, but is on the whole strongerI
some foreign buying Is reported"