The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-03-05
DUN'S REVIEW OF TRADE.
THE BUSINESS OUTLOOK BETTER
ALL OVER TIE COUNTRY.

| Foreign Selling OF American Securi-
ties Stoppe1-Money Everywhere In
Abundant Supply-A Better Situa
ton In Textile Manufectures-Spec-
ulstion Not Active.
New YORK, March Ar. G. Dun & Co. 8
weekly review Of trade says: "The busi-
ness failures occurring throughout the
country during the past week number, for
the United States POS, and for Canada 80.
Neither abroad nor at home have more IN
favorable conditions appeared dur
ing the past week. Foreign selling
Of American securities has diminished
as the stock market has ceased to invite
everybody 70 sell by its booming. and ster-
ling exchange has yieldsd little. For the
moment gold exporting is less important,
though during the week 81, OOO, 600 has been
shipped or ordered for export and mean.
while tie merchandise exports continue
large-for February at New York 81, 500,-
900 greater than last year.
DOMESTIC TRADE IMPROVING.
Domestic trade gradually improves even
ct the south, where much trouble seems to
have been due TO the unwillingness Of hold
ers TO sell cotton at low prices, rather than
to pocket an actual loss on such sales.
The supplies Of money are everywhere
ample and the volume in all kinds in act
uai circulation increased in February to
q, cog 55o. o92, the increase being altogether
In silver certificates and legal tenders.
1T is still fact that two dark spots are
directly caused by overproduction. The
cotton receipts this week have been light,
but the price is only ZOO with moderate
sales. Efforts to curtail production this
year appear to meet with some success.
THE IRON MARKET.
1.-THE only possible remedy for the
troubles In the iron trade is to be applied,
according to dispatches, by the closing of
some furnaces In the Mahonin1 and She
mango valleys and the Chicago district.
Current prices are called about the lowest
on record, southern iron being offered at
$l7 rs to Sl7 for No. l, against SIC so to
Sl1 80 for northern. The coal market
continues uncertain, as the combination is
not ready 70 act, but agents recommend an
output OF only $500, 600 tons in March.
"A better situation appears in textile
manufactures. for the cotton mills are well
employed and the trade in cotton goods i'm
proves all over the country, even at the
south.
WOOL IMPROVED.
SIN the wooden mills and in the sales Of
wool decided Improvement is seen. Wool Is
lower, as holders grow anxious to sell before
the new clip comes.
''At Philadelphia the wholesale trade in
dry goods is satisfactory, especially with the
west, wool is more active, and paints and
glass little better, but iron Is very low and
groceries dull.
"At Baltimore the grain export trade is
the largest ever known. All kinds of iron
and steel are weakening at Fittsburg, manu-
featured and structural iron being lower
with dull trade, aud some pudding mills
have closed, but glass Is fairly active.
AT Chicago a considerable increase over
last year is seen in general trade, and the re-
ceipts Of dressed beef are four times, of wheat
three times and Of -four and oats double
last years., with an increase of a third in
rye and barley, quarter in corn and some
in cattle and cured meats, but q decrease
in wool, hogs and sheep.
SPECULATION NOT ACTIVE.
Speculation has not been at all active,
and It may be fortunate that gold exports
checked the rising fever in season.
wheat has declined one-half cent. with
small sales, the receipts for the half week
being over 100000 bushels against only
| SIS, 900 exported.
"Corn comes forward freely, the receipts
| being 10000 bushels in three days, but
the exports are heavy, 1888, 900 bushels in
the sametime and the price half a cent
higher.
Pork products are a shade lower, but oil
is a quarter and coffee an eighth higher.
THE stock market has relepsed into
great dullness, broken only by occasional
wild spurts based on false reports about par
ticular stocks. The street no longer sup
plies an unlimited market for foreigners
| who wish to unload.
"The treasury has been discussing money
since the beginning of the month in excess
OF its receipts. but the payments in Feblu-
] airy were considerably less than last year
and the cash balance slightly increased