The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-12-01
TRADE TAKES A HOLIDAY
THANKSGIVING TIE CAUSE OF
LESS ACTIVITY.

Confidence Regarding Future Opera
tions Not Materially Diminished
However-Stocks Trifie Higher
Than Week Ago-Some Slackeuing
in Business on Account OF the Cotton
Crop.
New YORK, Nov. 80. G. Dun & Co g
review of trade for the week says: Thanks
giving week, as usual, has brought COM
paraive inactivity in many lines of trade,
but confidence regarding future operations
does not materially diminish. The outgo OF
gold and the situation in the speculative mar
kets, however, cause lower prices in almost
every branch but in stocks some recovery
has followed reports of new and important
agreements between railroad managers
rise, averaging about so cents pc share for
the more active stocks, does not yet appear
to indicate change Of tone at home or
abroad, unless new plans for a settlement OF
difficulties speedily prove success full.
TRADE ACCOUNTS MORE VARIABLE.
Trade accounts from tho interior this
week are more variable than usual indica
ing some slackening of busine SIS at many
points AT the south the delay in mark
ing cotton has much influence. Collections
do not improve at the south. but seem fairly
satisfactory at most northern cities and at
some are decidedly better 1t is to be no.
ticed that while the number Of failures for
the past five weeks has been greater by 70
or n per cent. than for the same weeks last
year, local reports do not indicate that
many have been important or that the ag-
gregate of liabilities Is unusually large.
DRY GOODS HOLD THEIR OWN.
The dry goods market is more healthy as
to cottons, and with print cloths stronger at
g q cents the prices of other goods aDpeac
to be suffering. In the woollens trade com
paratively little is doing. Dress goods ere
in fair demand, but the trade in heavy
weight woollens and in fiannels and blank
cts is light, and knit goods are quiet. As
the outlook depends largely upon congress
sonal action regarding the classification
of goods imported as worsteds, the hesita-
tion in this department. is likely to continue.
BOOTS AND SHOES
Noadvance in the price of boots and shoes
is now expected and the trade looks promis-
ing.
The breadstuffs market, after a sharp de-
preston, has recovered little but. with
sales Of 80, 200, 900 bushels, wheat closes 254
lower, corn 296 and oats u lower.
Cotton is Is lower, and while the Texas
estimates of the yield are reduced to $780,
900 bales, the prevalent opinion is still that
the crop will be nearly, though not quite,
as large as last year.
UNCERTAINTY IN IRON.
The uncertainty in the iron business in
creases. More furnaces are going into blast;
every furnace in the Pittsburg district is in
operation, and the output is larger than
ever. Buyers naturally look for lower
prices, and the Thomas Iron Company, ac-
cording to reports, has intimated that its
contract prices for next year will not be
raised. But the rail market is dull, and
after sharp competition between Plttsburg
and Chicago an order for 10000 tons was
taken at less than $26 at the mill, it is
stated, which would he the lowest price on
record, contrasting with $57 rs year ago.
The combination agreed that any mill may
sell the whole or great part Of its prod
ucts to any other, but the prospect for n
large demand hereafter does not improve.
Pig and bar iron are both less firm in tone.
EXPORTS AND IMPORTS.
The exports of merchandise from New
York will be substantially the same in
November as in the same month last year,
with a decrease Of 2 per cent. in imports,
but large excess of exports for the month,
which these figures Indicate, has not much
effect upon the monetary prospects so long
as the movement in securities is uncertain.
The business failures occurring through
out tie country during last week number
for the United Stages POI and for Canada
81, total of 232, against 296 last week.