The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-03-19
DUN'S REVIEW OF TRADE.
BUSINESS RETARDED By THE BAD
WEATHER

An Improvement IN the Distribution
or Goods-The Demand for Manu-
featured Products Fairly Well sus-
tained-Low Prices as a Result Of
Overproduction Of Certain Products.
NEW YORK, March 1S.-The business
failures occurring throughout the country
during the last week. as reported to R G.
Dun & Co., number for the United States
POS, and for Canada 80, q total OF 240,
against 256 last week
Storms, bad weather and bad roads have
much retarded trade during the past week,
reducing the mo cement Of grain and cur.
failing trade in many cities. but nevsrthe-
less the reports indicate on the whole an i'm
provement in the distribution Of goods and
fairly sustained In some branches increas-
ing, demand for manufactured products.
There is mol trouble anywhere about
money even at the south. the markets being
fairly, supplied with light but rather bet
ter demand. while at the west a more active
demand is still met by an ample supply.
Rates on call here have remained unchanged
at y per cent. Sterling exchange has been
unAltered and at "a S71S is below the ex-
porting point and while the imports Of mer-
chandise show a large increase over last
year for half of March 10.4 per cent, there
also apt ears an increase in domestic exports
for the two weeks of March Of about Der
cent.
EFFECTS OF ovER-PRoDUCTIoN.
But the vast supplies of some great.staples
have produced phenomenally low prices
during the past week, particularly go cents
for cotton, 50 cents for wheat, 40 cents for
corn, SIG for No. anthracite iron, and %
cents for Ohio Xxx wool The e low prices
cause not httles dsheartenment in some
branches of trade, although the movements
of products continue active. Reports
from interior cities are gener-
ally more encouraging. At PhiIadel>
phis excellent distribution of dry
goods is seen, the movement in dress
goods being rapid. though the retail trade
10 backward. Moderate improvement is
seen in wool, the trade in upholsterers'
goods is busy and in knit goods greater than
last year, while in colt MS trade Is good in
few spscialties, but generally dull.
In the great manufactures there Is general
activity. esrecially in cottons, though print
cloths and prints move less RAPIDLY, but the
demand for export goods is larger.
In woolens the makers Of overcoatings
and cloakings are happy. and the move
ment of dress goods is unusual for the sea-
son, while a stronger demand Is seen for
higher worsteds. and singular concsntra-
ton of mems wear demand upon cheviota.
In knit goods the market favors the buy
ers, but carpets are steady.
THE IRON MARKET.
Bessemer iron at Pittsburg has sold at
$l4 80 for No. l, Alabama at SIS at Phila-
delphia and No. northern at SI6 at New
York. The dernand for bar iron 10 dull, but
tor plates little better, though prices are
demoralized.
The market for copper seems Co indicate
some agreement and is strong, but coal Is
dull.
The treasury has been putting out ST..
600, 900 more money than it has received In
March, but some movement from New
York to the interior is seen.
The stock market has not been such as to
encourage much foreign selling, but shows
no such weakness as past shipments of
securities from abroad might naturally
have caused. The railroads are doing
heavy business, the earnings In Feb
ruary and Maroh thus far exceeding
last years by 10 to IA per cent. Speculation
in industrial stocks has been stimulated by
the Alabama combination, the reported
purchase of sugar reineries, rumors of a
copper alliance and legal proceedings
against the coal combination in Pennsyl-
VRnta.