The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-02-27
DUN'S REVIEW OF TRADE
a FALLING OFF IN TIE NUMBER
OF FAILURES REPORTED.

Dizziness In Domestic Trade Somewhat
More Noticeable - Money Every.
where Easy But May Become Bearer
on Account of Gold Shipments.
Speculation In BreadstufHs Less Act
I'VE.
NEW YoRK, Feb. OR. G. Dun &
Co.'s weekly review Of trade says: ''The
business failures occurring throuhout the
country during the last week as reported
to R. G. Dun & Co. number for the United
States 2S6 and for Canada "a, a total Of
go against 299 last week.
1.-THE state Of domestic trade has not mate
rally changed, though the continuing dull
ness is perhaps more generally felt.
"At Philadelphia money is easy, trade
much depressed by southern sales, hardware
dull in the city, the wool market quiet, but
dry goods more active with sales ahead
of last year and satisfactory orders from the
west. Liquors and chemicals are quiet, to-
bacco improved and oils fairly active with
paints, glass and jewelry quiet.
Baltimore notes good business in dry
goods, but slow collections.
lat New Orleans general business is dull,
though sugar is strong and active and rice
in fair demand, but cotton is dull and low
lat Savannah also the low price of cot
ton is depressing and money is in active de-
mAnd.
SPECULATION IN BREADSTUFFs.
"In breadstuffs speculation has been
much less active since gold began TO go
abroad, and wheat has declined cents dur
kng the past week, Atlantic exports being
small, while the receipts at the west were
y k..~r IL. -. l.. o.
has risen "a cent and oats cent.
while scarcely any change appears in pork
products. Oh is l cents lower and coffee
"a stronger, with small transactions IN both.
But cotton has declined 1-16 cent,
with sales Of 46S, 900 bales, and the receipts
still exceed those of the same week last
year. while the exports have fallen off DUR
ing the past week.
THE only great branch Of manufacture
which makes discouraging reports at pres
ent is the iron and steel industry, and the
difficulty there is not shrinking of con-
sumption, but the enormous increase In
production. II cotton larger consumption
has never been known before, and is sus-
eained by a demand so active that advances
IN prices Of some qualities are occasionally
reported.
THE WOODEN MILLS.
"In woolens the mills have recently been
much more active with large orders for
goods, and manufacturers purchases OF
wool are for the past week much larger
chan year ago.
1.-THE building trades are irregular, some
cities reporting greater activity, but where
last years strikes shortened the hours and
increased wages, there has been a general
shrinkage which affects the iron industry.
"The rail combination also restricts pur-
chases Of steel rails, and started the year, 1t
appears, with orders for only 625 900 tons,
no transactions having been reported for
abe past week. There are orders placed for
several thousand oars and some locomotives.
The demand for plate iron is somewhat bet
ter, and for structural iron satisfactory at
present, but no Improvement is seen In bar
iron. while the market for pig iron is de-
pressed by sales. which are generally
attributed to financial difficulties.
Southern No. is even quoted at SIS IS.
and northern at GIG 80 per ton, about the
lowest prices ever made.
Money continues in abundant supply,
and at IL per cent. on call at New York.
with no pressure at any interior market,
but large shipments Of gold, said to be for
Russia, led to q belief that money must be
dearer soon and the treasury needs at this
season to replenish its balances"