The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-03-03
GOODS IN BETTER DEMAND.
The Stocks on Hand Gradually Be-
coming Exhausted.

Resuming Work Than 'Suspending.
Metals still Weak in Prioe-A Favor
able Showing Made by the Record of
Failures.
New York. March 2.-R. G.. Dun &
COS weekly review tomorrow will say:
"VYith no more definite information than
Sweek ago regarding the outcome Of the
financial or revenue disputes, perhaps
more people have come TO the belief that
the end vii. answer their wishes. Ger
tainly rather more are taking limited
risks in business, and especially in stocks
The slowly growing demand for goods
caused by gradual exhaustion Of the
stocks held by dealers, has fur
ther enlarged the working forces
in manufactures The fall of sill
yer 10 27Ld, and below 60 cents
here, and after a slight recovery its re
newed weakness, have an unfavorable IN
, f1uence on some markets. The announce
ment that import duties are to be imposed
by India, if confirmed, may increase the
difficulty. The passage of the seignior-
age bill by the House late on Thursday
has not had time to produce much effect,
but it is not financially reassuring.
ASSUMPTIONS OF WORK.
s'More works have resumed, or in
creased hands or hours than have
stopped or reduced, but numerous reduc-
lions in wages continue to lessen the pur-
chasing power OF those at work. The de-
mand for distributors is almost exclusively
for medium or low-priced wooden and cot
ton goods, for Sl.5O, aud not for 50 boots,
and, for shoes rather than boots.
Some statesmen and traders find
indications that their stocks of
higher priced goods 1lremainingM on
hand are much larger than usual, and
bankers Judge that much of the demand
for commercial loans is virtually for re-
newals TO carry such unsold stocks.
Sharp reductions in Indian head sheet
ings and Amoskeag tickings cause larger
trading, but print cloths are accumulat-
Ing and weak, and several mills Of i'm
portauce have closed.
''In all branches of the wooden manufac-
ture, the demand Is vet far below the
usual mark, but it is somewhat improved
in wOrsteds and dress goods, and leading
mills have been taking wool quite largely,
so that in the three chief markets the
sales have been 4,S9S, 200 pounds for the
week, against 5,l9o, 200 last year, in part
because scarcely any foreign wool has
been imported for months, and supplies
are short. Western markets are also
broader, without Improvement IN price.
METAL PRODUCTS.
Continued weakness appears in the
prices of metal products, twithstanding
some increase in actual business. Pitts
burg offers steel bars here at $l.l5, which
is only one cent at the mill; plates at 81 %
at tide water, and beams delivered here
at 81 30. Moderate orders for cast pipe
have been placed, and some large struct-
ural contracts, with others, eX-
pected Even in the Pittsburg re-
gion, little over half the force is
employed, and only 81 per cent. of the
CounellsVille coke ovens are yet in opera
ton A lew more furnaces are in blast
southern pig is weaker, and 5000 tons of
southern warrants have been taken by
English holders, who now have As, 00C
tons. There are heavy transactions in
lake ore at Pittsburg, and it is said that
with ore at 81 15 coke at So cents and
wages reduced 20 per cent, many fur
naces can make iron at profit even at
present prices.
The decrease in domestic product re-
ported by clearngs is 40.S per cent. for
the week, and % g outside New York, a
little less than last week.
Imports of merchandise still show a
decrease of 40 per cent, while the exports
of domestic products for three weeks are
8 per cent. larger than last year.
THE RECORD OF FAILCPEs.
L ne luOSG feature OF Ine
weeks record is the continued decrease
in the number and importance of the fail
ures. For the third week of February
thus far reported are only = ,9S6. 346, and
the liabilities for the three weeks of the
month only ii Az, a., of which IS, 0a5, o47
were of manufacturing, and S6,2 !, 1893 OF
trading concerns. The number re.
ported in February is 1900, against
2,2S0 in January, and the full liabilities
were probably less than Sl5, 00O, 900
against $50, 946, 497 in January. In No
vember and December the amount ex
ceeded 500, 900, 600. For the past week the
failures have been &64 in the UniteC
States, against 206 last year, and AZ il
Canada against As last year, scarcely any
being of much Importance"
BUSINESS CHECKED BY STORMS.
Bradstreet's review tomorrow will say
"Storms and cold weather south anC
southwest have checked the course o
business this week while west and north
west, brighter weather has had an oppo
site effect No better illustration of thu
necessarily hating and irregular move
ment of the volume of business at the be
ginning of the improvement may be foun(
than the record of the week, with its de
creased volume of trade anC
renewed unfavorable reports iron
the south, and the Pacif
coast in contrast with the more cheerful
tone and increased sales at lmportan
cities in the Ohio and Mississippi rive
valleys, and in the northwest Thus
while advices from Providence, Phila
delphia, Baltimore, Cincinnati, Nash
ville Birmingham, Galveston and Sal
Francisco, are less inclined than in lat
weeks to regard the situation hopefully
those from Buffalo, Indianapolis. Louis
vile, Memphis, Mobile, Chicago, 81
Louis, Kansas City, Omaha, Milwaukee
St. Paul and Duluth all report evidenc
of distinct Improvement.
THE GENERAL SITUATION.
''The general industrial situation
both better and worse. There are thirt
assumptions of factories reported cor
trasted with two shut downs wages hav
been reduced at thirteen establishment.
and fifteen strikes are announced.
Baltimore jobbers report unfavorabl
trade south, disappointing Februar
following January's business. An in
proyemeut is noted at Augusta, Ca. sine
the check to business due to bad weather
and at New Orleans financial interest
are awaiting with interest the seJtlemeu
OF the sugar tariff. Louisville report
sales of seasonable goods and a fir
TOBACCO market
The modification of the Richmon
Terminal plan involving a reduction {
&c }, y7.,1-