The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-04-16
SECTIONALISM IN TRADE.
THE SOUTH STILL COMPLAINING
OF DULL TIMES.

Business Booming in the West and
the Volume of Trade Large In the
East-The Volume of Trade in the
Whole Country Larger Than in Any
Previc US Year.
New YORK, April 15.-R. G. Dun & Co. g
weekly review OF trade says: During all
this year business news has been curiously
sectional. Western cities are gaining almost
without exception, doing the largest BUSH
ness ever known. and incliued to re-
sent the suggestion that it is
any degree below expectations. The
south all the year has been struggling with
unfavorable conditions, doing less business
than year ago, and looking in vain for
material change, The east has been doing
alarge business, rather less than year ago
on the whole, but especially less than many
traders expected to do this year. This,
with very thin profits, makes the season
disappointing to many. These conditions
continue and are reflected in the returns
this week. Yet the volume of trade in the
whole country has been larger than in any
previous year.
THE IRON TRADE.
1.-THE iron trade illustrates the situation.
The output OF the furnaces April l was
1856. 462 tons, against 1913, 902 March and
l13 ,4S3 year ago, when the great strike
was in progress. A reduction in the output
OF pig is clearly necessary, since the con-
sumption has been 10000 tons weekly below
the output. The unsold stocks, as officially
reported, were 1872 500 tons greater
April than Jan. l, yet when this
increase is deducted from the production,
which has been 2,500,000 tons in the
quarter, the remaining consumption ap-
pears to be greater than in the same quar-
ter of any previous year. A better demand
Is seen for pig and plates at the east and
also at Chicago, and the pipe business is re-
viving at Pittsburg.
Coal ls unchanged and dull.
Copper IS waiting for the expected COM
bination of foreign producers. Tin is
speculattvely strong aud lead very firm.
THE WOOL MARKET.
1.-THE wool sales are large for the season.
and since January have been per cent.
greater than last year, the demand for
goods having somewhat improved, and for
knit goods being far better than was re-
Gently expected. In mems wear goods
doubt about the future tastes OF the pup
lie still delays orders, but strong consUmp-
ton is clearing off the stocks Of jobbers
and retailers.
The news from the other cities is rather
better as to the east, cheering as usual from
the west but somewhat less satisfactory as
to the south. The sales of dry goods at
Philadelphia decidedly exceed last years,
and collections are improving while wool is
hardening, though buyers are cautious.
Slight Improvement is seen in groceries,
and there is quite an active inquiry for
lumber. The building permits largely ex-
coed last years, while the trade in paints
and liquors is fair.
hRaltjU1Cra nOtae irnOrOvad avy,orts If
breadstuffs fairly active trade in canned
goods with the stocks not large and the
completion Of anew tin plate plant TO turn
out 800 boxes weekly.
Business at Little Rock is depressed; at
Nashville and Memphis dull, somewhat
improved at Montgomery, out rather fiat at
New Orleans and slackening at Savannah.
THE SPECULATIVE MARKETS.
THE speculative markets have been more
active, wheat falling So cents, with sales
of 100000 bushels here, aud corn | cent
while oats are slightly higher. The western
receipts OF wheat continue at the rate OF
3,6O0,G00 bushels weekly with the exports
shrinking, but the western receipts of corn
have been 800, 900 bushels in three days and
the exports 10000.
Cotton exports have started up again,
exceeding last years. and the price has ad-
vancsd three-eighths during the week, with
enormous speculative transactions-no less
than $50, 900 bales in New York.
mo change is seen in pork products.
Coffee is one-fourth cent weaker and oil
l cent stronger.
Speculation in stocks has not been par
ticularly active or strong, but a constant
demand for good dividend payers suscains
the list.
The financial situation is remarkably
free from unfavorable signs. Collections In
nearly all parts of the country are better
than usual, though delay is seen at some
points in the south. aud the money markets
are everywhere amply supplied. Nor is
there reason to apprehend disturbance on
account of foreign trade. The exports this
month thus far have been quite equal to
last years. and the exports OF the principal
products in March exceeded last years. by
81, 500, 900, or IA per cent. The Imports
were large also, but the month probably
showed little excess either way.
'The treasury has been making heavy
payments during this month and has
materially reduced its balances, bpt will
doubtless strengthen them during the rest
of the fiscal year as there seems no proba-
bility of commercial pressure.
"The business failures occurring through
out the country during the last week number
for the United States 1911 and for Canada
45, total of 226."