The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-03-16
BAD WEEK FOR ALL BUSINESS.
LABOR TROUBLES AND RAIN RE
TARD OPERATIONS.

Decreased Demand Tor American
Wool and Increased Competition
BY the Australian Product-The
Dry Goods Trade Depressed and
the Production in Excess of the
Demand-SouthernT Trade quiet and
Unsatisfactory at Most Points.
New York. March 15.-Brsdstreets will
say tomorrow: There are fewer num-
Der of favorable trade features this week
than unfavorable ones. but in most in
stances they outweigh the latter. which
point 10 a continuance OF small volume
Of business and quiet demand. The
unfavorable weather which has served to
check the demand continues to make
itself felt south. and in many parts of
the west. The coal miners strike and the
labor difficulties at New Orleans have
served to cut into business at points de-
pendent upon those centers of disturb
ance. Not the least unfavorable infu-
ence in staple lines has been that of bad
roads. the effect OF which IS plain from
Nova Scotia to Texas
In addition to increased competition
here by Australian woods. the demand for
the raw staple has fallen Off and word
is received that American dress goods
manufactures are using considerable
Australian mixed with the American sta
pie.
The dry goods trade continues de-
pressed, production being in excess OF the
demand. cotton goods being moved gen
orally only at concessions.
In the south. Atlanta, New Orleans
and Galveston, alone report evidences Of
gain. modified at the first point by rain.
and at the second by labor riots. The
market is more active for phosphates at
Charleston, for drugs at Chattanooga, and
for naval stores at Savannah. In other re-
spects southern trade is quiet and unsat-
isfactory."
r. G. Dun & Co.'S weekly review of
trade tomorrow will say: Substantially
all the indications Of the state of busi-
ness are rather more favorable. Farm
products are a little higher, railroad
earnings a shade better clearing house
exchanges a small percentage larger
in comparison with two years ago than
in February, and most Of the Industries
show a somewhat better front, though
ket continues undisturbed, the operations
Of the syndicate still prevent exports of
gold and the Withdrawals from the treas
ury have of late practically ceased.
There is not much enthusiasm about
the situation, however, because the gain
is slow and business is set long way
from what was once considered a pros
porous condition. Further. the gain IS
in some cases due to obviously temporary
causes, and in some to causes which do
not promise much for prosperity.
The volume of payments through the
clearing houses for the week is 81 per
cent. larger than last year, but 1853 per
cent. less than in 1898.
The imports are just now running a
4 little smaller than in February. while the
domestic exports for two weeks from
/ New York show a decrease compared with
last year of II per cent
Money is in better demand, the mar
| ket hardens as usual before April J. and
much more commercial paper is offered,
| though partly to meet large maturities
! this month. The west is drawing from
| its balances here, and there have been
| considerable sales of stocks on foreign
account, but not enough to disturb an
exchange market otherwise stagnant.
1.-The liabilities thus far reported In fail
ures for the first half of March amount
to 81, 6s3,052, against IS, 276 a92 last year, in
manufactures, to $7S5,396, against 1913. So
last year, and in trading to 1897 $50
against a,254.93S last year. The final re-
! turns for February make the aggregate
| $l1,4l4.374 against $17.S95, $40 last year.
The failures for the week have been
266 in the United States, against 254 last
( year, and 81 in Canada. against IS last
year"