The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-04-30
NO BIG SCARE IN BUSINESS.
WAR BRINGS CURTAILMENT IN
MANY LINES BUT NO PANIC.

Confidence Expressed Everywhere
That Business Is Going to BE Bet
ter After Temporary Conditions
Have Passed Away-Heavy Orders
by the Government Helping Some
Industries Materially.
New York, April 2S.--R. G Dun Co.'S
Weekly Review of Trade-will say to-mor-
row: Hostilites have not as yet chang
ed last weeks condition. There is much
postponement of orders by men who do
not know what they are waiting for and
much restriction OF loans by banks which
are abundantIy strong. All this checks
new business, and yet the volume of
transactions through clearing houses is
per cent. larger than in the same week
of 1892. with no foreign trouble.
Many have been asserting, about every
day for the past two weeks, that the wheat
speculation has eliminated, but the price
has in that time advanced 211kc, sac with
in the past week. Exports for four weeks
are 12,093,76S from Atlantic and 2,2S02l0
from Pacific ports, and for the crop year
thus far SIS bushels, against 49,
51S,6S4 during the same months and weeks
of last year. Corn exports for the week
were S77s, 2S0 bushels against SO29,O46 last
year, and for four weeks have been H.,
1855 bushels against 13,2502H last year.
This makes about 100000 for the crop
year. No such foreign demand for both
grains has ever been known and it does
NOT ceay,o IN 10 leat:atad 81 oil a
Confusing accounts about the great in
dustries cannot cause surprise in view of
The contradictory influence of monetary
strihgency curtaiing many orders, heavy
orders by government in many branches
and all pervading confidence that after
temporary conditions have passed business
is going to be better.
The consumption of iron is still the
greatest ever known, though many struc-
tural and car contracts have been de-
ferred The cotton market has been help
ed by some large contracts and a little
better outside demand and the temporary
advance in raw cotton 10 ga cents, though
the price since declined to 6.37 The de-
mand for goods. is still hindered by the
great stock in sight or reported.
'Woolen manufacture are rather bet
ter, large government orders helping some
works.
Failures for the week have been 262 in
the United States, against 2S7 last year.
and 16 in Canada, against 40 last year"
Bradstreets tomorrow will say: 1.-THE
lack of excitement, nervousness or in
terruption to the ordinary orderly conduct
of public affairs, and particularly bust
ness opera tons, with which this country
has passed fromspeace to war seems likely
to become historical. when contrasted
with the records, where extent of bust
ness movements at periods in the coun-
try's history when war was the final re-
suit of strained relations, the temper with
which the country recognized the out
break of hostilties with a foreign power
is only proof that the dulness and de-
preston of the past six weeks have large
ly discounted the effects usually Witness
| ed, but furnishes a valuable index to the
| general point of view taken by the bust
ness community as to the outcome of the
| pending war:
Little or no effect on general distribu-
| ton of an unfavorabe character is per-
| ceptible in the reports of the past week.
| perhaps the more noticea BILE, because the
| most uniform feature has been the una
| nirnity with which the quotations of lead
| ing staples have sbeen marked up. These
| advances, too, have not been confined TO
| food products, but include many widely
| differing articles alike of home and foreign
| growth The demand Cor steel plates for
/ vessels to replace those taken by the gov
eminent is also feature of interest, and
| the outlook is for activity in the shipbuild-
| ing industry for SOME time to come
"A feature of Importance is the immense
| demand, and rather inadequate supply, of
| freight room in vessels sailing from tits
! country in the near future. Rates nave
| again advanced, and shipments from sev-
| eral ports are reported crippled, not only
| by the advanced quotations, but by the alb
| solute scarcity in some cases of neutral
! bottoms to carry freight in.
1.-THE crop situation generally Is OF
most gratifying kind. Undoubtedly the
| favorable crop prospects have been a slim
Mating feature throughout most sections
| of the country, and taken in conjunction
with the advance in cereal products, have
tended very largely to offset any possible
| i'll effect growing out of the present situa-
ton.
cereal exports show considerable IN
crease this week, shipments aggregating
| 4. 160, $50 bushels against 3,S22,000 bushels
last week 1,115,e00 in the corresponding
week year ago, 100000 in 1896, and 2555,'
COO bushels in 1895
Corn exports are also larger, aggregat-
ing 4.261. GOO bushels, against 600 bush
els last week; 1867 600 bushels in the week
a wear ago. and 2,l4200O bushels in 1895,
0fs 900 bushels in 1895, and $4,000 bushels
in 1894. no
qsBusiuess failures in the United Statea
this week number 245, a gain of u over
last weeks total, and comparing with pa
in The corresponding week of 1897.
AUGUSTUS MERRY MAKERS.