The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-10-26
MONEY NOT HARD TO GET
NO MORE FEAR OF SERIOUS Dis
TURB ANCB THIS YEAR.

Nearly All Markets Report "a, A.
quate Supply for Legitimate Bust
ness-Collections Unusually satisfac-
tory at Most Places-Liquidation in
wheat Still Continues at the Decline.
NEW YORK, Oct. 25.-The following IL
n u. Dun & Co.'S weekly review of trade
Tor the week ending Saturday, Oct. 26:
The money market has become mora easy.
win prospect that serious disturbance
TINS season is no longer to be apprehended.
Ine banks are running with narrow re-
serves, and artificial stringency may
at any time be engineered, but the
movement OF the crops has been heavy.
In the natural course Of events the,
return OF money 20 this center should soon,
Degln, and the possibility Of foreign drain |
seems more remote. The Bank OF England
gained last week 81, go, 900, and the Bank Of
France $23O,O00 in gold. There is a little
more stringency at Omaha, less at Cleve-
land, and an active demand with a con-
sentative tone at Chicago, but otherwise the.
markets west and south all report
their supplies adequate for legitimate needs.
rhlladeIphia finds money hard to get, but
commercial paper moves at to u in fair
amounts, and at Boston more paper is Offer
ing at 0 to per cent. and upward, with
manufacturing loans at "a to AZ.
COLLECTIONS GOOD.
Collections are Observation-Disclosures at
almost all points, though Milwaukee notes
some tardinesa, because farmers are holding
BACK their products for better prices.
The volume Of trade, fair for the season
at all points, is greater than year ago at
most, although the aggregate of bank clear
lngs, outside Of New York, exceeds last
years but 2 per cent. The trade In food
anu groceries Is good, but mackerel and
activity. in clothing, good trade in liquors,
ana moderate sales Of chemicals at better
prices.
THE WOOL TRADE.
The wool trade has been largest here for
long time, and more active at Boston.
where the sales were 3, 100000 pounds, but
duh at Philadelphia.
Iron grows stronger, the Thomas com
pany having advanced its prices 81 A de-
mand from Canada and from Mexico ia
lett, foreign prices being hign. Bar iron is
firm, blooms and billets feverish, and rails
are $21 so to S32, the orders already booked
for 1890 amounting TO 5000 tons or more.
Copper is steady, tin shade lower here
at 3OH cents, and lead depressed to SO rs by
expectation of large Mexican supplies
The coal trade is dull, and the weeks
meetings have accomplished nothing beyond
fixing upon 5000, 900 tons as the output for
November. Sales are generally below the
schedule. Stove sells at 90 60
LIQUIDATION IN WHEAT.
Liquidation in wheat continues with
prices 8 cents lower than a week ago. and
sales Of 65,OO0,000 bushels here. Stubborn
facts, heavy receipts and scanty exports
wore out the patience of those who have
had faith In a worlds famine, and the state
official reports indicate larger yield than
those OF che department Of agriculture.
Pork products are weak, and In hogs the
decline has been 90 cents per 100 pounds.
OH has risen 8 cents: coffee is unchanged,
and sugar is again lower.
COTTON STILL LOW.
Cotton continues down, the receipts ex-
ceeding those Of the same week last year by
10000 bales, and the exports by 30, 900 baIes,
and, while there has been touch OF snow
in Virginia, the dreaded frost In the cotton
states is still deferred.
SECURITIES WEAK.
The market for securities has been weak
in spite OF the relief Ia the money marken
and some very favorable reports regarding
particular properties. The traffic arrange
ment between the Union Pacific, and Chi
ceBo duu NorIHW6U0rn lB DnOugnt TO fOr0-
shadow the abandonment of the so-called
presidents association, and an attempt to
secure a more effective Consolidation. Earn
ings are l0M per cent. larger than last
years for October thus far, but the PENN
sylvania statement for September shows q
very scanty increase and causes disappoint-
ment.
TREASURY OPERATIONS.
The treasury has done little to help or
hinder, but has increased its cash holdings
$500, 900 for the week. On the whole, the
speculative markets are not promising, and
are judiciously let alone by the public. But
the outlook for all departments Of Iegiti-
mate business Is more encouraging than it
has been for a long time
The business failures during the last sevens
days number for the United States 1888, and
for Canada 81. For the corresponding
week last year the figures were 223 failures
in the United States, and 80 In the Domin-
ion of Canada.
MINERS ON a STRIKE.