The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-03-18
TWO REVIEWS OF TRADE.
THE DISTRIBUTION OF GOODS
VERY LARGE.

Trading and Collections Retarded By
Bad Weather over Large Part Of
the Countrywide FURRY in Money
Due to an Excess of Imports Over
Exports.
NEw YORK, March l7.-R, @. Dun &
Co.. g weekly review Of trade will says
"The distribution of goods continues very
large for the season in spite OF the extraOr-
dinary weather, some failures and tight
money market. Storms aud severe cold
have retarded trading and collections
throughout large part OF the country and
doubtless cause much Of the monetary
pressure, though the larger part
is due to the great excess Of imports over
exports. Europe is not shipping products
from this country as usual. nor lending
money as much as usual to carry products
here till they are needed, and accumulated
stocks at commercial centsrs. with slow
collections in the country. make the de-
mand for money unusually large. Then
the natural results Of tue great Reading
collapse are seen iu some failures
at Philadelphia and more cautious spirit
among lenders Money is not, as usual,
tight on a call or for speculation, but there
has Rbeen greater difficulty here than for
many years past in effocttng commercial
loans,
CONFIDENCE UNDATED.
"In spite of all these things confidence is
unabAted and business is remarkably large
with some signs Of Improvement.
Trade at Little Rock is fair, at Nash
Vile good, and at Montgomery and Atlanta
fair.
'At Columbus collections are slow and
money very tight.
3"At Mobile business is good In dry goods
and groceries and &C Charleston fair.
"At New Orleans sugar is dull and rice
not improved, with money firm but In ample
supply.
Tho iron industry shows Improvement.
Prices are steady, though extremely low,
With less pressure 10 realize, and little de-
mand is seen for bar and plate iron and
steel, while structural works are well em-
ployed, though not at better prices.
THE business failures during the last
week number, for the United States 100,
and for Canada 30. total Of 220."
PRICES MOVING LOWER.
Bradstroers tomorrow will say. 1.-THE
general trend OF prices ls& downward.
whisky selling lower &C Cincinnati
and Louisville; pig iron sales pointing
90 shaded prices at tho former city; hogs
selling cents and o cents lower per huns
dred at Kansas City and Omaha, oats going
of one-fourth cent at the exchanges, pork
25 cents per barrel, and lard one-hAlf cent
per pound even sugar making q concession
OF one-thirty second cent. Cotton has been
down three-eighths cent on the prolonga~
tion Of the English strike and liquidation oE
holders who felt the squeeze in money, bus
later in the week it revived one-fourth
cent, duo TO purchases on speculative ao-
count.
TRADE QUIET IN THE SOUTH.
"a dispatches from some Of the larger cities
throuRhout the south agree that trade is
quiet aud in instances dull, the exception
being an Improvement at Birmingham,
Ala. There also, collections are satisfaO-
tory, aud an experiment plant to manufact-
ure high grade steel cheaply is said 10 be a
success.
New Orleans reports no Improvement In
trade, with the outlook for a reduced rice
acreage.
''At Galveston and other points in Texas
business ia only Of 9air proportions and
somewhat irregular.
Memphis reports fair volume Of busi~
ness, but Richmond states that business in
most lines is dull, the exception being
bright leaf tobacco.
"Trade is quiet at Charleston and Atlanta,
the demand at both cities for fertilizers be-
ing quite active aud significant when taken
ia connection with the calls for conven-
tions 10 reduce the acreage 10 be planted
with cotton"
Further special advices TO BrddstreeEs
from Texas and Georgia point 70 a ma
terially larger cotton acreage this year than
last So far as may be learned planters
will ignore the demands for a reduced COT
ton acreage.