The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-02-13
DUN'S REVIEW OF TRADE.
SILVER AND COTTON EXTREMELY
Low IN PRICE

Wheat and Corn Also Decline on
Heavy Sales-Exports Of Products
From New York Show a Falling OF.
The Iron Msrket-Aa Improvement
in General Trade-Money Reported
Easy Everywhere
New YoRK, Feb. 12-The business fail
ures occurring throughout the country
during the past week, as reported to r G..
Dun & Co., number, for the United States.
2S5, and for Canada Il, a total Of 276,
against $40 last week.
Silver and cotton have declined yet
further, the latter TO $40 cents. the lowest
price for many years, and silver bullion to
Al pence at London, the lowest price ever
recorded, though there followed slight re-
covery to AZ pence. The cotton receipts
and exports have both been much larger
than a year ago, but the stocks on hands de-
crease but slowly and are very large, and
the speculative sales for the week have
been 9S2, 900 bales.
WHEAT AND CORN LOWER.
Wheat has declined < on sales Of At, 000,~
900 bushels, exports hsing seriously dimin-
ished, aud corn has fallen l = cents on sales
of Is. 100000 bushels, the western receipts
being unusually large.
Lard and hogs we're somewhat stronger.
The exports Of products from New York
fall d little below those OF the same week
last year, but shipments from other points
continue very large.
The production of pig iron is about sta
tionnry, amounting Feb. to 1877, 1888 tons
against lSS, 0S2 Jan. l, and l46,O50 year
ago.
The stocks Of charcoal iron are substan-
tally unchanged and uhsold stocks Of
anthracite are a little smaller than a month
ago. but the stocks Of plate iron are con
slderably larger SO that on the whole, the
consumption does not appear quite up to the
enormous supply.
No change appears in the market for pig
iron, ana rails are in small demand at q
fixed price.
Bar iron does not improve and the demand
for plates is smaller than was expected, while
the collapse Of combinations in beams and
barbed wire has a somewhat depressing in-
duence
AN IMPROVEMENT IN TRADE.
Reports from other cities indicate a gen
eral Improvement in trade.
At Philadelphia the dry goods trade is
quite encouraging aud business in groceries
generally satisfactory, but very little is dos
ing in wool, and other lines are quiet and
without change. The building permits were
largely increased in February thus far.
The prospects at Baltimore are much
brighter, with decided improvement in
leather, shoes and harness.
q Better accounts also come from the south.
At Louisville trade has improved; at NASH
vile it is very fair; at Memphis light but
improving, and at Montgomery increasing.
AT New Orleans business in all lines is only
fair, but there is slight Improvement 10 cot
ton and sugar is firm and active, with light
receipts
MONEY EASY.
Nearly all southern points report easier
money market and more hopeful prospects.
Money is only too abundant, and has been
quoted on call this week at 2, ! Is and per
cent. The treasury continues TO lose gold
aud has caused some embarrassment during
the week by refusing to supply domestic ex-
change except upon actual deposits of gold,
but it has put out 1921 900 more money
OF all kinds than 1t has taken in.
With the much reduced revenue
and large disbursements required by the
appropriations, the treasury is not in shape
70 bear with ease the strain which financial
vagaries in congress might put upon it, but
confidence is felt that no measure calculated
70 do harm can be passed over a veto.
Meanwhile, the danger Of accumulation in
excess of the public needs is illustrated by
the furious speculation in stocks and cot
ton, which may yet result in some difficulty.