The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-03-26
BUSINESS ON A FIRM BOTTOM.
WAR TALK HAVING ONLY SLIGHT
EFFECT AS YET.

Talk About the war Prospects
The Nation Surprising All Its Pre-
xfous Records in Marketing Pro-
ducts.
New York March 25.-R. G. Dun & Co. s
weekly review of trade will say in to-mor-
,oq-'s issue: "A waiting state of things
always binders business to some extent.
With more than sS4OOO,O 900 in gold received
or on its way since the movement began,
with ample bank reserves and treasury re-
serves and a redemption of notes in all
WAYS nearly a third smaller than in Feb
ruary to date, with no stringency in the
money market and sterling exchange
weak. with the volume of business at
clearing houses outside New York larger
than in 1892 by SO per cent. this month,
and with failures nearly 80 per cent.
smaller than last year and 81 per cent.
smaller than in the same month of 1892,
there is not much visible ground for panic,
even if earnest efforts should fail to keep
peace with honor.
''Warlike reports come every day, and
stock operators make the most of them,
and yet the average prices of railroad
stocks is $5SOS. against $500 two weeks
ago Nor have industrial operations been
perceptibly affected, except where extra
ordinary buying for some weeks past has
made necessary a pause for breath, so TO
speak, or where unnatural prices had
caused halt before the destruction of the
Maine.
Ia, 10 toly al vic
the nation is surprising all records in mar
keting products. Atlantic exports of wheat
for the week have been 2,1SO,S26, bushels,
against 1,272,2S5 last year, and in four
weeks 9,3O2,5l4 (flour included), against 81
N3 l27 last year, with Pacific exports A.
282 032 bushels, against 5,999,242 last year
The price has declined 27sc, but>the heavy
shipments and contracts for export are
proving a constant influence.
Corn has declined only a small fraction,
with exports not a sixth lower than year
ago to date.
Colon has fallen a sixteenth in spite
Of large exports, because sales of fertil-
GERS and other evidences indicate that cur
tailment of acreage this year will be less
than was expected
Domestic exports from New York in
two weeks have been $9.1OSOOO, or 37S per
cent larger than last year, while imports
have been scarcely larger. forshadowing
exports again exceeding 500, OOO0 for the
month and $24, 100000 over imports.
Sales of wool have been only Il, All 900
pounds in three weeks at the three chief
markets. against 1896, 800 last year and
prices are yielding with sales of old wool
J. to l cent below current quotations for
clothing, and no indication that manufac
turers are nearing the end of their stocks.
Cotton mAls a Fall River still increase
their accumulated stocks about 100000
pieces, and print cloths have declined to
% cents, the lowest quotation on record.
Some prints have also weakened but ging-
hams are firm and the better grades of
dress goods are sold well ahead.
The iron and steel industry Is more full
ly employed than ever before in it's history
and although production of Bessemer pig
Is beyond all precedent the price advances
ana bilets are still bought in open market
by some of the largest producers. The
structural demand during the first quar-
ter was 50 per cent. larger than in the same
quarter Of any previous year, and it is said
the demand for pipe is swelled by pending
contracts of 1876 miles.
Failures for the week have been PSI in
the United States, against 291 last year.
and q in Canada against 80 last year.
New York, March 25.-Bradstreet's to-
morrow will say: THE favorable features
OF the week in distributive trade have
been the reports coming, with few excep-
tons. from all parts of the West and
Northwest, and marced only by the check
70 business and shipments caused by
heavy rains and high water in the Ohio
Valley
The unsettled condition of our rela-
IONS with Spain is credited with exercis-
ing some effect upon immediate demands
ana upon future undertakings in the east
ern portion of the countrx but the two
INDUSTRIES, cotton and wooden, most COM
Plalhlns, are those in which conditions
other than foreign complications have for
preston.
The coarse cotton goods situation does
not improve in any way, and declines in
PRINT cloths to still lower record quo
tauon' render Increasingly imminent ac-
uoH by manufacturers toward curtalling
production in this line
Whhe some wooden goods mills have
Hfeady booked good orders. the business
"oHe as whole has not been up to an
temptations. Raw wool, however, does
n my renect the rather unsatisfactory con-
oiuon in the manufacturers product In
lower quotations
me condition of the iron and steel
udde is one which excites satisfaction
ana almost surprise. From a number of
"lueIy separated sections the report comes
81 unprecedented activity in nearly all
"'anches of the trade.
ne price situation this week is nota-
ne IN showing decreases more numerous
.lIh Tor some time past. This, of course.
-lcluues many lines in which speculation
!-dys prominent part The passing of
t coid wave, with little or no reported
UeHase TO the growing winter wheat
oupled with the general forward condi-
ou OF agricultural matters and the an
T., n''pated heavy acreage in spring wheat.
- cFedlted with much of the depressing
I-luehce manifested in cereals this week.
.H1lng this of course is the discourage
lent OF speculation by the strong statisti-
va position of the immediate wheat sup
p s and uncertainty as to our political
ne position of the flour trade IS I'M
g. ''.sIactory for several reasons; business
reported as dragging and production
may be restricted.
r, Iour and corn exports are larger this
TSeA' but those of wheat are smaller.
e ae total exports of wheat. including
ocIa aggregate 3,S96,31s bushels. against
leIxw