The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-04-01
TRADE IS AGAINST US.
IMPORTS TOO MUCH IN EXCESS
OF TIE EXPORTS.

The Financial Uncertainty Largely
Due to This Causa-Fear of Further
Exports of Gold a Consequence-rhe
Improved.
New YORK, March 31.-R. G. Dun &
Co.'s weekly review of trade will say
1.-THE fact OF largest Infusnce in the record
OF the past week has been the Increased
distribution of goods which appears with
better weather at nearly all points. The
strengthening effect is already felt in some
wholesale trades and even by some manu-
facturers Of building materials and in steel,
and paints and glass are helped, as well as
many forms Of textile and leather products.
Collections already improve at many
points, though still generally rather behind,
and especially at Philadelphia and other
eastern points. The striDgency OF
the currency about April l
does not appear here or in
other money markets. the moro close pres
sure for some weeks having led to adequate
preparation. But while the imports greatly
exceed the exports it is not safe to
calculate that outgoes OF gold will not
again disturb confide nee. Hence the break
il important speculations has its hopeful
side.
'Iustead of rising after the close of the
Lancashire strike, cotton fell three
Fights, which may accelerate exports
though the stocks of American cotton in
Europe are still third larger than usual at
this season.
TIE ADVERSE BALANCE OF TRADE.
THE exports in four weeks at New York
have been IS, lis, 900 less than last year, in
dicating a total for the month not far from
$40 100000, while the increase in imports at
New York alone has been about S IL, 600, 600,
indicating a total for the month of more
than $97, 900, 0G0. This great excess in i'm
ports, following the excess Of $50, 900, 900 in
January and February. is the basis of
doubts about the immediate monetary fut-
ure.
THE situation in the great industries is
distinctly owing regardless of specula-
tive uncertainties. Legitimate blsiness
shows no unsoundness, caution having
largely prevailed, and the volume is the
largest ever known for the season.
THE failures in the first quarter Of the
year, 8, 302 in number, were fewer than In
either of the past three years, and though
in the amount Of liabilities larger, the
average of the liabilities is still quite low.
less than $l4,S00.
THE iron and steel business is a shade
frmer with an improved demand for bar
plates and structural forms, and though
rails do not sell bessemer iron is firm and
steel stronger.
Nearly all southern points report some
Improvement, and at Nashville no dis
turbance results, the banks being we'll
fortified.
"At Galveston a large increase in cotton
is noted but timidity OF capital and smaller
loans than usual.
AT New Orleans lumber, material for
building, ETC., are strong and active and
other trade fair, with money Ia ample
supply.
''Qhe business failures the last week num-
bered for the United States 16j and for
Canada Is, total Of 1884,"
BRADsTREET's COMMENTS.
BrddStreetS tomorrow will soy: "Cooler
weather generally has improved the pros
pect for spring trade, but without an in
crease in distribution. Throughout the
Eastern and New England states trade Is
quieter, due to the reflection OF the late
Interruptions to business north and south.
In the central eastern states a fair move
ment Of merchandise is reported, and,
although the prospects are improved in the
northwest, business continues retarded
there. South 1t remains quiet.
A fair demand forkdry goods, hardware
and plantation supplies at Memphis and
satisfactory trade at Houston, and good
demand for timber at Galveston constitute
favorable trade features at the south.
Business is slow at Charleston where rice
merchants are steadily reducing their stocks.
Manufacturers at Atlanta report trade
satisfactory, but retail dealers say they are
behind in their sales owing to the scarcity
OF ready money at the interior.
"Rosln is firm, but turpentine is relatively
slow at Savannah where business is quiet.
THE close of the month brings falling
off in the volume in goods distributed from
New Orleans, where cotton and rice are de-
pressed, while sugar is active and buoyant.
The prospect is still for larger cotton
acreage, but a reduced rice acreage is
promised. ..........
1.-THE recent excitement at Nashville, due
to the failure of banks. has about subsidized
and country banks are depositiug at Nash
vile again, where every arrangement is
made to provide for the financial needs Of
merchants Some reports telegraphed re-
gsrding the situation have been misleadin z.
Trade there is generally quiet and cole O.
tons fair