The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-12-08
DUN'S REVIEW OF TRADE.
TEMPORARY HESITATION BUT A
CONFIDENT FEELING.

a COh OludtlOu OF many CauS6S re-
sponsible for the Prevailing Tone
Uneesiness in Portions of the South
and Collections Not above Par-The
Fluctuations in Prices.
New York, Dec. 7-R. G. Dun & Co.'S
review Of trade for the week says: The re-
ports of the condition of business are uu-
usually full this week and not entirely
encouraging. With scarcely an exception
they note confident feeling as to the
future, bnt a combination Of many causes
in different sections produces some slacken-
ing for the present. The cotton crop was
late and has been considerably injured, and
banks are carrying unusually large ac-
counts, but prices do moi improve. Much
uneasiness is felt in portions of the south,
and collections are not above par, while the
number of failures in some southern districts
is large-Memphis reports 90 per cent. more
than last year.
MILD WEATHER IN THE NORTHWEST
Open and mild weather in the northwest
causes uneasiness in soma trades.
particularly in clothing and boots end
shoes at Kansas City and Mil waukee and
lack of snow delays logging in Wisconsin.
The exports of bread stuffs are still pro-
N6nIei, anu Jue HedVy pTOuuCIlOn OF IRON
causes hesitation. Yet the volume of busl-
ness is large, with speculation by no means
heavy.
The money markets are nowhere dis
turbed, though the demand is large a d
rates at interior points are firm. In nea Y
all quarters the supply is ample for legiti-
mate business, but z aud per cent is pai
at many western and southern centers, and
per cent. per month at Salt Lake.
TREASURY REPORTS.
The treasury reports show that the cur
rency in circulation though 81 ,700,0 600 less
than Nov. l. was about $37, 100000 larger
than Dec. /, a year ago. But during the
past week the treasury has taken in SO, ,400,-
600 more than it has paid out. Moderate
exports of gold has caused no disturbance;
foreign exchange and rates Tor money at
New York have been steady. The clearings
of the banks in November were As per
cent. below last years, but with allow
ance for speculative transactions. Pay
| ments of other origin appear to have
been somewhat larger than last years
FOREIGN TRADE.
Foreign trade is better sustained than
would naturally bo expected in view of the
arrest Of the bread stuffs movement and
| the popular decision adverse to change OF
| the tariff policy. The imports for five weeks
| at New York have been only 3.6 per cent.
smaller and tie exports from New York
only 2.5 per cent. smaller than last year. Yet
| the exports Of wheat from Atlantic ports
were only 300, ,SS2 bushels against 8, 40, 1853
| in the same weeks last year, and
of flour sos, ,297 barrels against LIS, ,619,
| with an increase of 1,345,000 bushels in
corn. Wheat broke sharply, but closes a
shade higher than a week ago. Corn is 19c
| lower, and oats unchanged. Pork is so
| cents lower and hogs 20 cents lower.
EXPORTS OF COTTON.
The exports of cotton in November were
| 35, 1874 bales larger than last year, and prices
have been steady. Oil has dropped cents,
coffee % of a cent, and hides have declined
| x cent The coal market is dull, and actual
| prices % cents to so cents below the sched-
| ule. Wool has again advanced, the finer
| grades more IL an cents since the middle
of November, The average Of 106 qualities,
| according TO the circular of Coates Bros, is
| PAS, against "A Nov. Is, % Oct IS, and "a 1
cents in December last year, and 268 Dec.
| /, 1886. Thus, the late advance does not
| put prices as high on the whole as thcy
| were two or three years ago, and yet. with
| goods at present prices, it is a question how
| largely manufacturers can afford to con-
| sumo. The belief that the clip and stock on
| hand have been below the estimates grows
more prevalent, and perhaps the expecta-
| tion Of congressional action regai ding duties
| on worsteds imported may have some infiu-
| ence.
| THE IRON MARKET.
The iron market is dull and waiting, with
| prices shade weaker at Pttsburg. 1t is
now reported that steel rails have been sold
| for S25, but the price has since advanced,
and $2S at Pittsburg is said to be the bot
| tom for the present.
Nails are dull at 81 90, but bar iron is a
| shade firmer.
| STOCKS LOWER.
The stock market has bcen depressed in
| spite cf agreements said to have been COM
| pleted to advance aud maintain west-bound
rail rates. On Wednesday the average Of
the lowest sales for sixty active stocks was
but S5S 63 per share, against $50 90 Dec. 1,
and sos 90 Sept. 30. Want of confidence in
the arrangements of the railroad managers
prevails. and foreign holders appear to be
| selling gradually.
| A large increase in failures toward the
| clio of the year IS not uuus Ial. but in some
| localities the average of liabilities also
seems to be increasing. The business tall
ures occurring throughout the country
during asst week number for the United
States 263 and for Canada AZ, q total Of 305,
| against 23g last week