The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-03-27
DULL TRADE AND LOW PRICES.
FAVORABLE FEATURES IN DUsI-
NESS CONTINUE FEW.

DecisiOn-TrGde Also Hurt by Bad
weather and FIOOds-IndustriaI
strikes ON the Incrcase-AmerIcan
! WOOIens Purchased More Freely in
View of the Proposed Increase IN
Tariff Duties.
New York March 26.-Bradstreet's will
say tomorrow: while the week is not
without favorable features. unfavorable
influences have been more numerous.
Leading money markets show no improve
ment. Mercantile collections continue
slow and the volume of funds offered is in
excess of demands for discounts The
tendency OF investments to improve has
| temporarily disappeared under the influ-
ence Of the supreme court antitrust de-
cision which apparently threatens ar
engagements for the maintenance of rail-
way rates. as well as railway trades I'M
ion activity, so far as 1t may affect inter-
state commerce.
The tendency of prices is downward
quotations being lower for wheat Indian
corn, oats, coffee. cotton and for pig iron
| and steel billets on the outlook for lower
priced ore.
stormy weather. high water and floods
in the Ohio, Mississippi and Missouri river
valleys and in country drained by tribu-
tary streams. having interfered with in
terror trade.
THE gradual increase in the number of
| industrial strikes is the outcome of a
movement to secure higher wages, and in
| instances moderate advances have been OBJ
tanned.
Staples for which prices are higher
include wool, raw sugar, wheat, flour
petroleum, linseed oil and turpentine
Prices are unchanged for print cloths
refined sugar. lard and pork.
Recent activity in raw wool continues
and the prospect for an increase in the
tariff on imported woollens causes mer-
chants to purchase American goods more
freely.
THE movement of cotton is not up to
expectations and in some lines Is disap-
pointing.
"The most noticeable improvement in
trade is confined to dry goods, hardware
leather agricultural implements and
shoes
Bank clearngs at seventy-seven cit
| les throughout the United States are dis
appointing, the total being only $SS8, OOO, 900
for the week, &C per cent less than last
week one year ago.
THE rate of commercial mortality con-
tnues the decline shown in recent weeks,
the total number of business failures
throughout the United States being 221
this week, compared with 231 last week
and 276 in the like week in 1896"
New York, March 26.-R. G. Dun Co.
will say tomorrow in their weekly re-
- fs.
sustained such surprises as they have re-
ceived of late with so little loss. For
eign conditions and London alarms. the
collapse of the iron ore combination, he
destructive floods in the Mississippi val
ley, and the decision of the supreme
court against railway associations nave
been used to the utmost, but not even
i'm railroad stocks has the result been inn
| portant With conference that better
| times and larger business are coming, men
are less disposed every day to throw away
/ good investments, and the very fact that
| prices of products are low is regarded
as a guarantee against much further de-
cline.
In all Industries also the number of
mills and shops and hands at work grad
| ually increases.
Cotton was helped upward by an
| eighth by the food, but has lost half the
gain, although manufacturing is more
| hopeful Without change in prices, goods
were in better demand, and sales of 500 600
| pieces of print cloths result In stronger
| tone.
1.-The final dissolution of the lake iron
ore pool has been expected ever since the
| Carnegie Rockefeller deal, and insures
| low prices for ore the coming year,
though perhaps, not lower than in 1886
sob
| vastly increased, and all the great steel
| making concerns have secured mines OF
| their own, while means of transportation
| have greatly enlarged. With assurance
of cheap ore, hesitation about various
| products should diminish, and the demand
| is steadily increasing. Bars are still de-
! moralized, and at the lowest point but
/ for plates sheets, wire rods and wire, and
| all nails, the demand is growing larger.
1 The demand for rails continues enough
| to strengthen prices, although some from
/ speculative purchases are offered below
/ the present prices of mills Increase in
| coke production appears, and more Is as
sured by the purchase of works by the
Cambria Company, and while quotations
| are unchanged, outsiders are Offering fur
| mace at $1.70 per ton.
| Speculation in wool has recorded larger
sales for four weeks than ever before, 46,
| 6O5,3O0 pounds against p, 1884 $50 In the same
weeks OF 1892. Much more than half is
| for speculation, as nothing like the fun ca
pacity of mills Is employed. Americans
have also bought largely at London 40.
600 bales already, it is said, where the
market Is excited and has advanced 10 10
! 10 per cent. With heavy supplies here.
! these large imports, and new wool COM
| ing In May. there may be found overloaded
! dealers. Prices here are still advancing
and of many kinds have risen 2 to 3
cents during the past month. The wool
manufacture is steadily increasing, but
cautiously as il is too early to anticipate
results from changes which may be made
| in duties.
Failures for the week have been 29f In
| the United States against 259 last year and
! SO in Canada against 80 last year"
/
OFFICES TO he ABOLISHED.