The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-02-20
DUN'S REVIEW OF TRADE
MONEY sVERYWHERE EASY AND
SPECULATION BOOMING.

Nevertheless the Business Situation
Considered Triie Less Satisfactory.
Wheat on Cents Higher Owing to
speculetion-Corn and Cotton Both a
Shade Lower The Iron Trade
Gloomy.
NEW YORK, Feb. 19.-R. g. Dun & Co. g
weekly review says: THE business failures
occurring throughout the country during
the past week number. for the United States,
Isl, and for Canada. As, q total of 200,
against 276 last week.
The business situation is not quite so sat
isfactory or encouraging as it has been.
While gradual increase in the distribution
Ct many lines Of merchandise continues, there
is a striking lack OF demand and much
depression in iron. A further decline in
cotton blights the hopes Of revival In the
southern trade. and the speculative mania.
stimulated by cheap money and by the
great success of the coal speculation, now
extends to wheat. and threatens to restrict
exports.
MONEY EASY.
TFrom all parts Of the country the re-
turns regarding the money markets are sat-
isfactory, indicating an ample supply. and
on the whole better collections than are usu-
ally seen at this season. Notwithstanding
the fact that the exports OF wheat have
been diminishing. and for four days Of the
present week have only been s, 600 bushels
from the Atlantic ports. while
the western receipts continue large,
speculation at Chicago has lifted the price
614 cents during the week, and the sales
here have been 81, 900, 900 bushels. Appar-
emily short sellers have made the advance
possible, but the stories Of gigantic GEM
bination, embracing the bonanza, nitrate,
STANDARD Oil and other powerful capitalists
have helped to create excitement,
CORN LOWER.
''Corn has declined 4 cent with large ex-
ports but very large receipts.
Pork products, oats and coffee are sub
stantially unchanged, and oil Is only ~
cents higher on small transactions.
Cotton is a shade lower, with sales Of
5S7, 600 bales here, the receipts being "A per
cent. greater for the week than last year,
but the exports SO per cent greater.
1.-The movement in dry goods at Philadel-
phia promises an active spring trade, though
the south is still behind; but in liquors, to-
bacco, chemicals, paints and glass the trade
is quiet. and in groceries very dull. The
wool market is dull, worsted mills lacking
orders.
AT Pittsburg the trade IN iron and steel
has grown duller and prices are weakening.
IN THE SOUTH.
''At the south business is quiet at Little
Rock and Memphis and in all lines rather
quist at New Orleans, though sugar is
strong and active. At Savannah trade is
good and the prospects brighter. factors
advancing on cotton because money is very
easy. But throughout the south the con-
tinued depression of cotton is noted as the
cause of dullness.
1.-The week has been gloomy in the iron
trade from pressure to realize on qualities
of iron not well known or produced in ex-
cess Of requirements. More inquiry appears
for structural iron, beams selling at 81
cents, but bar iron is in light demand and
weak, and for finished products generally
the demand is disappointing Since large
sales at 1919 cents the copper market has
been steadier and tin and lead are strong.
COAL DULL.
"The coal market Is very dull, awaiting
the results of the combination.
''The boot and shoe trade is steady and
growing, though cutting of the price for
boots has done no good and shipments are
still below those of last year.
"In wool there is a distinct Improvement
in the demand for carpet use. since a slight
advance in products by some makers, and
also in one-fourth or three-eighths blood
woods because OF the strong demand for
cheviot goods.
''The spring demand for mems woolens is
large. and many tardy clothiers find their
orders long delayed or refused. Trade In
dress goods is also improving, though at
this city there is much cutting in retail
prices.
Cotton goods are more active than in
any previous week this year. and a few
other grades have slightly advanced.
"The value of all exports from NewYork
for the two weeks Of February has been q
per cent. larger than for the same weeks
last year"