The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-03-12
DUN's REVIEW OF TRADE.
The South the Only Section Under
Depression

Depression
New YORK, March Il.-R. @. Dun &
/ Co.'S weekly review says: The business
failures occurring throughout the country
during the last week number for the United
States go, and for Canada 26. total Of
! 256.
THE distribution or products is unques-
| tionably improving. Transactions are on
the whole larger than year ago IN spite Of
| the depression az the south, being very much
larger at the west. Nor is the Improvement
confined TO that section, though general
there; il is also more distinctly felt
in the eastern cities and there are not want
ing signs that trade at the south, though
still much embarrassed by the low price of
cotton, is steadily gaining. With all the
great industries active, with money abund-
ant in spite Of gold exports, and with specu-
latlon kept in wholesome check the outlook
would seem to be unusually favorable, not
withstanding general complaints that prices
are low and the margins Of profit unusually
small. yzTszg
IRON A DISMAL FEATURE.
''Iron has been a dismal feature, but In
stead Of decrease the weekly output shows
a large increase, 80 that on March it was
the largest ever known, 1925 O2 tons against
1So, 1876 last December, hitherto the maxi
mum. Rails are inactive, bar is dull and
plates weaker. The textile industries are
improving.
THE sales Of wool at Boston, Philadel-
phia and New York for the year now exceed
last years to the same date by 4, zoo, 000
pounds, or 10 per cent. In knit goods buy
ers hesitate.
"The trade in cotton goods is largely in
excess Of last year. the sales in February
ah a
At Philadelphia, while iron is democrat
lied and the market for wool in the buyers
favor, liberal orders appear for dry goods,
and trade, except with the south, is the
best for many years. In groceries. paints,
oils and glass there is gradual improvement,
and also IN tobacco, the larger cigsrmakers
being busy.
iron smaller and there is some further talk
Of closing furnaces, but the glass trade is
fair.
LoUISvILLE's TOBACCO TRADE.
Louisville reports the largest sales of
tobacco in the history Of the trade, and
general Improvement, while business Is
fair but improving at Nashville and Mem
ph1s, and some improvement is seen at New
Orleans, where sugar is rising with active
demand, and a better feeling is seen in
cotton. $50
Speculation In products is weak, wheat
being 2& cents lower, aud corn a quarter of
a cent, the exports falling much below those
OF recent weeks. The government report
that after the enormous movement
thus far, III. 100000 bushels of wheat
remained in the farmers hands
March 1, the largest proportion
ever reported, tends to depress prices further.
Oats aud pork products are unchanged, oil
three-eighths OF cent higher, but coffee
three-eighths of a cent lower. A drop OF
an eighth OF a cent In cotton puts the price
down TO 9S-100, the lowest for more than
forty years, and the receipts continue to ex-
coed last years, though this week the ex-
ports fall behind.
"Al exports from New York show a de-
crease for the month thus far of about per
cent. The outgo Of gold does not entirely
cease, though sterling exchange has declined
to "a S719, for it is understood that Austrian
preparations permit a small premium to be
paid. Though money is abundant, the rates
on call have slightly advanced and the mar
ket for commercial loans is little sitter at
most eastern cities"