The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-11-10
LOOKS LIKE GOOD TINES.
EVEN ELECTION WEEK UNA BILE
TO MAKE BUSINESS BAD.

The Volume of Legitimate Business
Wonderfully Well Maintain ed-A
Larger Trade with Improving Prices
Looked For-Very Little Complaint
of Strineency in the Money Market
The Weeks Failures.
New YORK, Nov Or. G. Dun g. Co.'S
review of trade for the week says: ''rhe
election has so far Interrupt ted business dur
ing the past week that most comparisons
with the corresponding week last year are
misleading. Nevertheless, the volume of
Legitimate business has been won
derfully well maintained during the
past week as during the whole
political campaign, so that the presiden tial
contest of 1888 goes into history as having
disturbed current trade less than any previ-
GUS contest, although it turned largely
upon industrial and commercial questions
and was generally considered doubtful to
the very end, and this is more remarkable
because in the months preceding those of
political excitement speculation had been
unusually active and extravaganza.
LARGER TRADE ANTICIPATED.
With the de cision OF the people, there hrs
come a more confident tone in many
with improving prices is usually an icpated
as result OF the pCstponement OF very
many operations and purchases in the past
months.
The reports from interior points gener
ally recognize the political excitement as
sufficient cause of quiet III trade during the
past week. and vet il is noteworthy that
the aggregate of the transactions was large
for only five working days. At all cities
reporting, money continued in fair or active
demand, while scarcely any complaint of
stringencv is beard, and collections, though
somewhat Interrupted, have been on the
whole satisfactory, with Improvement
noted in several cases.
PLENTY OF CURRENCY.
The large volume of currency in circula-
ton, together with the temporary inactiv
ity of speculation explains the mat err, and
an official statement shows that the circula-
ton Of all kinds of money, which had
passed Oct. |, the amount of last year
81, $4,000. 900, increased 1913 800, 900 in
October and reached 81 ,407, 81 ,66S Nov. l,
being S4l, 100000 larger than a year ago.
In the past week the treasury has al paid
out 81, 700. 600 more than it has taken in.
The report of the anthracite and btu
minous furnaces in blast shows a weekly
output of l2S,340 tons, against 1879 a
month ago, and 100, 4S7 year ago.
CHARCOAL IRON.
In the output of charcoal iron changes
have probably been made, so that an in
crease of about per cent in the month of
October makes the weekly output only
about IL per cent. smaller than
at this date last year The in
crease of late, however, has been
mainly in southern production. No change
in prices is recorded as yet, though an inn
pr we'd demand is observed, and the impress
sion is quite general that even the increased
supply will not permit some advance. Yet
large transactions in steel rails have been
at very low figures. In all 40, 600 tons were
taken by the Vanderbilt roads, and as much
more by other companies, and it is reported
that large orders can yet be placed at not
more than ST.
WOOL MORE ACTIVE.
The wool market has been decidedly more
active and stronger, but while a confident
feeling prevails in the goods trade, improve
ment in orders or purchases is not yet OBJ
served. In many branches of manufacture
it is feared that any advance in prices
would result in greatly increased importa-
tions
Cotton goods have been firm, with strong
undertone, because stocks are unusually
light A similar cause strengthens the boot
and shoe trade. in which the actual deliver
ings this year thus far have been Z to 8 per
cent. larger than last years, with the net
prices averaging a shade better, while the
stocks are unusually narrow.
COKE AND COAL.
The coke and coal trade is very active at
Pittsburg, and the output of anthracite coal
C9l3,S4 tons for the last week. has been for
the year thus far 81. 16l $50 tons, against
1879, AGA last year, gain of nearly II per
cent.
The foreign trade has not been large, ex-
ports falling 6 per cent. below last years
at New York, while the imports hero in
October were about 4 per cent. below last
years. The prices of the chief exportable
products still rule so high as to prevent
free movement. and wheat has advanced
during the past week about
l cent with sales of $1,000 900
bushels; corn has advanced ~ cents,
with sales of 5,500,OO0 bushels; cats
has advanced SIS cents; pork 25 cents per
barrel; oil IA cents, with trading light;
cotton 1l6 ce,4t, with sales of 365, 900 bales,
and coffee has remained steady, with sales
of 234 900 bags during the week.
The business failures occurring through
out the country during the last week num-
Der for the United States 1874 and for Canada
49, total of 226, against 275 last week and
254 the week previous