The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-03-12
spEcULAToRS ALONE SCARED.
BUSINESS IN EVERY OTHER LINE
PHENOMENALLY GOOD.

Railway Earnings ON the Increase
Despite the Throwing Overheard
of stocks-Demand for Products of
All the Great Industries Increas-
ing-BiE Flow of Gold From Eu-
rope-Grain Going Abroad in Inn
mcnse Quantities.
New York, March 1.-R. G. Dun & Co.'S
weekly review of trade viii say in fits is
sue tomorrow: at is most gratifying that
no industry OF branch of business shows
any restriction or hindrance, but some
have been rapidly gaining for the past
week and month. The railways are gain
ing even while spectators are selling their
stocks and the demand for products of all
the great industries is increasing. More
gold is coming from Europe than is need
ed, slO,S6S, 0OO having been ordered during
the past week and money markets are
nowhere alarmed or stringent, though rea-
sonably more cautious. The country rests
assured that its industries, almost all of
its business, the foreign demand for its
products. especially all its resources are
beyond the reach of any foreign power and
that it's honor and foreign interests are In
safe hands.
'The greatest of all industries is send
ing grain forward as if there were no lin
1t 20 the supply Wheat exports have been
An, 497 bushels, -four included, against J.,
2ss, III last year from Atlantic and Pacific
ports and for two weeks, 7,46273O bushels,
against SO16.546 last year.
Exports of corn. in spite of smaller
yield, have been 7,7O6,494 bushels in two
weeks, against $50 last year, when
they far surpassed all records.
wheat declined 2]sc, but corn did rot
change during the week.
Cotton declined Sc sales of fertilizers
indicating less reduction of acreage this
year than was expected
Exports of the principal products in
February were $61, 6S4. O91 in value with an
increase over last year of about 80 per
cent in breadstuffs, in cotton Is per cent,
and % per cent. in the aggregate.
1.-THE weekly output of pig iron was Us
1898 tons Feb. /, but ga, 43O March l, and
the increase of unsold stocks in Febru-
airy was only $3.50 tons weekly, leaving
225.5S2 tons weekly for export or consump-
ton, against 21S,457 in January and 25,249
in November, 1895. the month of greatest
consumption before this year. For four
months production has gained a little, but
consumption still more, and If prepara-
lions for war last only few weeks, they
will add much to the demand. Other con-
sumption for railroad cars, for vessels on
the lakes, for elevators and oil pipe lines,
for agricultural implement works and for
fe hax
rail works are crowded with orders, though
now receiving few.
1.-THE minor metals are generally strong
er in demand. Sales of wool for this week
have been the smallest since the week of
greatest alarm in August, 1895, but not
because any mills have stopped work.
Cotton goods have large distribution,
and prices are generally steady, though in
outside dealings print cloths are shade
lower Prints are in better demand.
Failures for the week have been 24S in
the United States, against 256 last year,
and SO in Canada, against 81 last year"
New York, March 11.-Bradstreets to-
morrow, will say: Continued activity IN
nearly all lines of distributive trade, but
more particularly at the larger cities of
the West, South and the far Northwest,
is the most favorable feature coming I'M
der notice.
"Other favorable features include the
heavier foreign demand for wheat ana
-four. as indicated by increased exports
over last week and last year, and bank
clearings heavily exceeding corresponding
periods of previous years, though smaller
than in recent weeks. Less favorable
features are few
1.-THE volume of business In the iron and
steel trade is reported very large, with
relatively best reports coming from the
West. Pig iron production shows a fur
ther gain, and stocks a slight increase.
Large sales of copper are feature
and prices are reported higher for the
week, as are also the quotations for In
dian corn and wheat -four. The indus
trial situation seems likely to be improved
by the ending of the New England cot
ton strikes. Southern and Southwestern
buyers are more active at st. Louis. Kan
sas City packing houses report demand
one-third larger than last year.
"A perceptible improvement in distribu-
ton is noted at Chicago in many lines of
trade. An order for 10000 tons OF steel
rails is feature of the weeks business
at that city. There is a satisfactory vol
ume of business at the West.
Exports in wheat from the Pacific coast
show a considerable gain.
"A good business is doing at the South.
bodybuilding is reported very active for
the Alaskan coast trade.
Business failures in the United States
this week number 240, against 232 last
week and 227 last year. In Canada this
week they number 81, against q last week
and Sc last year.
Larger wheat and flour, but smaller
corn shipments are feature of export
trade this week. The total exports OF
wheat from the United States and Canada
this week aggregated 44S4,761 bushels
against S,252,003 bushels last week. 1888,
4s2 bushels in 1896, 2,79l, 100 bushels in 1895
and 3.25S,050 bushels in 1894
Corn exports are smaller amounting
to only 3,2S5,O56 bushels, against 5O54, OOC
bushels last week"
DESPERATE CHICKEN THIEF.