The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-09-29
DUN 81 CO.'S REVIEW.
Heavy Crop Yields Make Prosperity
q Certainty.

NEW YORK, Sept 2S.-R. G. Dun & Co. S
review Of trade for the week says: The
doubt about the cora crop has vanished.
Estimates vary either way from 2,0l5,OOO,-
900 bushels, but it is doubtless the largest
crop ever raised. The increase of more
than $50, 900, 900 bushels in this crop far out
weighs in value any loss in the yield Of
wheat, and also any possible loss in
the yield Of cotton. But the yield of
oats is also the largest on record
and the yield of hay and potatoes is ex-
cellent. 1t is safe to say that this years
agricultural products will represent at least
100000, 900 more money than last years at
average prices for both.
THE NATURAL RESULT.
In view of this great gain in the actual
production of wealth it is natural to expect
increased activity in business and manu-
features, but as yet the improvement has
been but moderate. This is in part because
trade has been checked by artificial prices.
Operators IN cotton have gone so far that
English manufacturers have begun TO work
on short time in order to break the corner"
and in this country the demand for cotton
goods is slow and conservative.
The iron market IS quoted stronger at
Philadelphia, but weaker at Pittsburg, and
IhO luOlAdo SOupuuJ SOutliucS I'LL 90 sdloS
at unchanged prices. Southern No. | is
quoted at SIS 10 here, but fear of Interrupt
ton by yellow fever temporarily affects the
market.
STEEL RAILS.
No Improvement appears in steel rails, of
which IL, 900 tons we're sold, mainly by west
ern mills, their $50 being relatively lower
than the current price, S2S, at eastern mills.
With several more furnaces added to the
producing capacity, the prospect for main
tanning any advance in pig iron Is not clear.
Iron and other products would more readily
advance if railroad building should III
crease, and at the latest accounts indicate
substantial progress toward settlement of
the northwestern wars. Reports begin to
be frequent that the supply of rolling stock
on many roads is not adj
equate for the traffic offering.
HOPEFUL REPORTS.
Reports from interior points are uni
formly hopeful. Even those regions disturbed
or threatened by yellow fever at the south.
express the prevailing faith that frost will
soon terminate the interruption, and that
business will soon recover by greater activ-
ity what it is now losing.
The cotton crop is about three weeks
late, and forwarding is further delayed by
the stOppage of traffic, and in many quar-
tiers serious inconvenience arises from the
arrest of collections.
At ali western points beyond danger of
fever, business is reported good or improv-
ing, though rather more complaint of slow
collections is heard.
MONEY IN AMPLE SUPPLY.
Money is generally in ample supply.
The exchanges for last week show a gain
over last year of per cent. outside of New
York.
Foreign trade improves but little. The
August imports exceeded the exports
by $1l,67l, 352, and the excess for
the eight months was SS7, APO, 928.
From New York the exports for the past
four weeks have been 4 per cent. below last
year, with imports equal to those of 1887.
The business failures during the last week
number for the United States 1856, and for
Canada "a, total of 220 against 228 last
NEnalx