The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-11-30
BUSINESS MEN ALL BUSY.
Even the Big Fires No Cloud on th
Bright Outlook.

New York. Nov 29.-R. q. Dun & Co. IS
weekly review of trade for the past week is
as follows:
Two heavy fires, with aggregate losses es-
timated at SIS. 900, 900 or more, may have an
influence upon several branches of trade
which cannot yet be estimated. Prior to
the Boston fire the boot aud shoe trade there
had been quite paralyzed by the fire at
Lynn, and as TO the leather trade, little ad-
vance was anticipated, while here 10 was be-
ing expected that temporary withdrawal Of
the demand would cause some fall in leather
The Boston fire Sof Thursday destroyed
heavy stocks of goods, and viii doubtless
Affect the demand. Rebuilding in both
cities will create a sudden demand
for materials and labor. The heavy
concurrent losses may shake some insurance
companies and affect the finances of the
nrms burned out, but the general prosperity
and large accumulation OF available capital
VIII probably render the influence of these
disasters comparatively narrow and brief.
In other respects the situation is quite as
encouraging as il has been for some weeks
past; the volume of business is unsurpassed
and the pressure in the money markets,
though not ended here, has seemed to be
abating elsewhere.
ALL INN hHEOhto FANOhABIE.
Reports from other cities arc without ex-
ception favorable on tho whole. Trade at
Boston prior to Thursday had been improv-
ing; in wool large, with sales of nearly
100000 pounds, manufacturers buying
freely, though goods showed no improve
mont; in cotton goods strong, with mills
well employed and prices strengthening; In
metal manufactures firm, with wide dis
tribution of products.
AT Philadelphia iron products are in
strong demand, and bituminous coal active,
because OF floods and broken lines Of supply,
but anthracite was dull. Money was tight,
but with the prospect Of ease after ton
days.
Pittsburg reports a still stronger demand
for iron and its products; an advance In
some kinds of flint glass, and a good de-
mand for window; and a good general trade
in spite of the weather.
Western cities without exception find
trade good. Money is fairly active, but
nowhere stringent at the western points re-
porting, and accounts regarding collections
are better than usual.
COTTON UNCHANGED.
Cotton is unchanged, though the receipts
this week exceed last years by $1,000, and
the exports by $4,000 bales, and sales have
been 37S,0 900.
Coffee has not moved, though $4,000
bags have been sold.
Sugar is stronger, with.more active dis
tribution, but Spreckels again announces
that his war with the trust is to the death
and his works are about to begin.
The shoe towns have all been shipping
more largely than usual. and the demand
continues exceptionally good for tho season
in leather products generally, with the
prospect of some increase, because Of the
Lynn fire.
The great boom In iron abroad, with
speculative excitement rar9ly witnessed,
and rapid huctuation Ia prices, causes some
apprehension, because experience teaches
that such rapid and excited movements are
usually followed by ugly reactions I'm
paralleled production in this country still
continues, and other furnaces Of large pro-
duction are about to go into oper-
alton, and yet prices are firm at
Philadelphia, though warrants have
been quoted little lower here,
the demands for manufactured forms
continuing large and at full price. 1t
would be a wonder, indeed, IT, with light
railroad building and reduced demand for
rails, this country should continue to con-
sumo the enormous quantity of iron now
being made, but this Is country Of won
ders for structural forms at least. The
recent fires and floods, which have swept
"""J .A6oS1 VIII ShuoO ophho
creased demand.
EXPORTS AND IMPORTS.
There has been no important change in
finances, but merchandise exports, though
small for the week ending Tuesday, have
been nearly 8 per cent. larger than last
year for the month from New York. The
value Of tho exports IN October was not
only greater than in any previous October,
but has never been exceeded in any month
except slightly in December, 1879. With an
unprecedented excess of exports over i'm
ports, amounting TO over $20,000.00 in
that month, and another heavy excess
assured for November, the rate of
foreign exchange has scarcely altered
for two weeks. The reported decision that
treasury deposits with banks shall be- grad
ually withdrawn, 10 per cent. Of them by
the end OF January, has been expected,
because these deposits, when made, were in
tended to be only temporary, and willlgive
the treasurer ample time to put an equal
amount into circulation in other ways.
The treasury has paid out during the last
week 81 200, 900 more than 1t has taken in.
The rate for money here has not changed
The business failures occurring throughout
the United States and Canada during the
last week number for the United States
2l0 and for Canada 80, a total of 249,
against 277 last week.
A A