The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-03-25
DULL DAYS IN BUSINESS.
COUNTRY MERCHANTS ASKING
LONGER CREDIT.

Their Purchases More Close Than
Usual-The Volume of Trade Re-
markedly Well Maintained in the
Face of Tight Money and Bad
weather-The Weeks Failures.
New YORK, March 24-R. g. Dun &
Co. 3 weekly review Of trade will say; The
condition OF trade is less altered than might
be expected in view of the extraordinary
weather for the season, the scarcity Of
money and other disturbing influences.
The volume of trade is remarkably well
maintained. Manufacturers are on the
whole better employed. with some increase
of demand in industries where an
increase was most needed, and
every indication that the people do
not yet begin to think OF
reducing purchases. Nor have monetary
uncertainties yet perceptbly affected the
capacity of manufacturers. The treasury
has been gaining gold. in spite OF exports Of
S5OO,O00 this week and some exports expect
cd, but IN view of the enormous excess of i'm
ports since Jan. l, it is scarcely reasonable
to hope that further outgoes of gold are to
be avoided
The stringency in the money markets
here and at some other points is largely due
to slow collections which appear to result
rather from the severe weather aud i'm
practicable roads than from any form of
commercial unsoundness or inability to dis
tribute products. At most southern points
improvement in business is seen, and esper
clally at Nashville and Knoxville, though
money is somewhat close, but at Louisville
she outlook is considered favorable.
- AT Atlanta p1ilarriOps Elnu
"At Mobile exports OF coal and lumber
increase and money is in light demand, but
at New Orleans trade is dull, with sugar In
god demand and large exports Of wheat
restricted by the lack Of ocean tonnage.
Trade at Jacksonville is fair, but at
Charleston dull.
THE IRON INDUSTRY.
Though other iron is less firm at Phila-
delphia with more pressure to sell, Bessemer
is stroug, and in most markets the demand
for manufactured products of iron and steel
seems TO increase. Nearly all the works are
we'll supplied with orders, the structural de-
mand being especially large. and sales of
1900 tons reported.
The business failures during the last
week number for the United States 2l7 and
for Canada 26, a total of 243.
DIZZINESS IN THE SOUTH.
BrddStreet's tomorrow will say: "Spe.
cially teeRraphed reports concerning the
state of trade throughout the United States
indicate that dizziness Is characteristic in
South Carolina and the gulf states, where
interior merchants are buyiug in
smaller quantities and asking longer
credits In the central western
states the merchandise movement is irreg-
uler, shipments from some OF the larger
cities not being up to the seasons average
Business in the northwest has been OBJ
structed by interrupted railroad traffic, re-
fusal to grant longer credits and decreased
demand. Underlying these features are
protracte6 cold or stormy weather, bad |
condition Of the interior roadways, reduced |
demand for goods by country merchants,
except on longer credit; checked movement |
Of cotton south and restriction OF discounts
due 70 monetary stringency.
Less complaint has been heard among |
New England's leading manufacturing in !
dustries. there being an excellent demand |
for woolens, cottons and shoes. The like is |
true in the middle states and higher prices
for pig iron and steel billets at PittsDurx.
with an improved demand at other iron
centers, are encouraging as TO the outlook.
These advances aud that in sugar, due to
the reported shortage Of the Cuben crop,
with gains in petroleum and cotton, are off,
set by declines il most Of the food sta
pies.
''Ihe eastern tanners combine is reported
capitalized az SO ,UUu,OUO and controlling
over IS per cent. of the capacity instead of
all OF the larger tanneries. Western and
Maine tanners are not included
: General trade at Louisville and Mem
phis is fairly active in dry goods, and sad
dlery at the former, and IN groceries and
hardware at the latter.
almost all the southern cities are report
ing general trade dull or very quiet.
AT Charleston the movement of rice Ia
very slow but aE Savannah the demand for
rosin is better than that for turpentfne
ATLANTA says retailers are generally ask
ing credit till next fall on purchases Of dry
goods and shoes, and extensions on matur-
ing paper are frequent.
Merchants are buying In reduced quan-
titles at Birmingham.
AT New Orleans complaints are made
that business is slack. Notwithstanding
the recent convention to advocate decreased
acreage the impression prevails that the
cotton acreage will be larger than last year.
At Galveston the demand for groceries has
fallen off, while that for dry goods and
shoes is fair
AT Houston and Mobile business is said
to be holding up we'll"