The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-04-02
BUSINESS ON THE MEND.
THE OUTLOOK DISTINCTLY I'M
PROVING.

The Settlement of the Bering Sea
Controversy and the Fate of the
Free Coinage Bill Removed Two
Elem ents of Uncertainty - Cotton
Manufactures Prospering.
New York, April L.-R. G. Dun & Co.'s
weekly review of trade says: THE business
outlook is distinctly improving. Two i'm
portant causes of uncertainty have been re-
moved during the past week i'll the settle
ment Of the Boring sea controversy and in
the failure of the silver bill TO pass the
House. The former has caused much sell
ing of American securities by foreign
holders. which has now diminished, though
no material improvement in prices or the
demand for such securities abroad is yet
noticed. The silver question caused
uncertainty in the minds Of many
investors and while there remained
q possibility of an important change
in the currency this year all enterprise and
business were to some extent affected, but
besides the clearing away Of these obstacles
there has come distinct increase in the
marketing of manufactured products and
greater activity in many lines OF domestic
trade. This is in part due to more favor
able weather in most sections and the I'M
proved con dition of the country roads and
60 the prospects OF an early spring. Manu-
facturers are doing well.
COTTON MANUFACTURES.
"Prcbably the cotton manufacturers have
never turned out as great a quantity or
goods at any other time as this year thus
far, with less accumulation Of products in
the bands Of the manufacturers or whole
sale dealers. The distribution has been re-
markably large and the results of the trade
generally satisfactory as the prices OF ma
terial have been declining, while goods,
though on the whole as cheap as at any
other time are fairly maintained in price.
Wooden manufacture also shows distinct
Improvement in some branches, though not
in carpets nor in the lower grades or mixed
goods for wear. The better all wool worsted
and dress goods are more largely produced
than in past years and no undesirable ac-
emulation is SEEN
1.-THE boot business is also increasing. The
shipments now exceed last years and the
orders are large and rising.
REPORTS FROM 9th Err CITIES.
"Reports from other cities are generally
encouraging. At Philadelphia the dry
goods trade is better with wool very quiet,
as manufacturers lack orders and complain
of low prices. Carpets show no improve
ment put the knit goods trade is fair and
chemicals and tobacco quiet and in coffee
dull. Depression in iron continues, though
81 is thought the bottom prices have been
reached and bar mills have full orders.
Speculation during the week has not
been very active. Wheat has declined 2B
cents, corn one-half cent, oil fraction and
pork 25 cents. The decline in wheat is
mainly due TO the shrinkage in the demand
western receipts continuing large. As the
new crop draws nearer and the prospect is
that it will be very large prices naturally
tend downward.
although cotton receipts have been
smaller than a year ago, the pressure of
enormous stocks here and abroad has caused
a further decline Of one'sixteenth cent.
Coffee is also lower and the general tendency
of prices is toward a lower level.
THE IRON TRADE.
"In the iron trade the bottom seems to
have been reached. More business is seen
at Philadelphia, and many furnaces have
ceased, so that fewer failures are reported,
though large and new furnace in Ala
bama begins work. No improvement is
seen In bar iron, but there is some in plates,
and in structural iron the demand is better
than year ago.
THE money markets here and through
out the country are abundautly supplied.
and there is no sense of anxiety exhibited
in any quarter. Although imports have
doubled and exceed the exports in March no
shipments Of gold appear until this morn
ing, which is more encouraging because of
large sales of securities by foreign holders.
THE RECORD OF FAILURES.
1.-THE failures during the fret quarter of
1892 were 8 1884 in the United States, against
8545 last year, and the liabilities $50, 1884 $40,
against $40, 1877. 631 last year In Canada
the failures were $50, against 579, and the
liabilities 1874 s72, against Sc, O48, 234 last
year. An increase is seen In the eastern
states, but a great decrease at the west, and
some decrease in every other section.
THE business failures occurring through
out the country during last week number
for the United States 1899 and for Canada
10, a total Of 21S, against 23I last week."