The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-11-02
DAILY, 80 AiYEAR. \
8 CENTS A COPY.
WEEKLY, S125 AYEAR !
MONEY STILL HELD HIGH.
as MUCH AS 9 PER GENT. PAID
ON a PINCH IN GOTHAM.

-~-~---
Prices stiffening, Though the General
Level Has Not Advanced Much Yet.
Railroad Stocks Firmly Held in
View OF a Possible Monster Consol-
ioation - The News, as a Whole.
Encouraging.
NEW YORK, Nov. 1.-R. G.. Dun Ss Co q
review Of trade for the past week is as fol-
lows:
money has been working closer during
the past week, falling to 4 per cent. last
Saturday. but then rising steadily 10 o
even more being paid in some cases. It
does not appear that the change has any
other casse than the demand from the
interior, which continues later this year
than usual. and Cn account Of great busi-
ness activity is unusually large.
PRICES sTIFFKNING.
Prices are stiffening, though the general
level has advanced scarcely a Quaxter of 1
per cent. in two weeks. In sDeculativa
markets there has been more activity. and
except Ia pork products, and coffee, an adj
vance. These changes call for more money
In the movement Of products, and building
operations are also unusually active at
many cities.
Liquidation in trust stocks continues, par
tlcularly in cotton oil, which has been
heavily sold at a severe decline.
RAILROAD STOCKS srUBBoRNLY HELD.
But railroad stocks have been very stub
bornly held and average In price almost
exactly as they did week ago The ar
rangements between the Chicago and
Northwestern, and the Union Pacific. and
the rumored sale of the Chicago and Alton,
look toward consultations of great systems
and in the end projected railway trust of
gigantic proportions, but meanwhile popular
disfavor may lead TO interruption by con-
gress OF state Legislation. For the present.
at all events, the visible tendency towards
consolidation encourages holders Of securi-
ties, and the traffic in progress is large and
profitable
SPECULATION IN BREADsTUFFs.
Speculation in breadstuffs has advanced
wheat ! and corn 2L cents on sales of
5000, 900 and 10,0O0,000 bushels, respect
lively; but exports do not increase. Oil has
advanced S5s, oats and cotton "a, not
withstanding that the port receipts continue
larger than last year, both receipts and ex-
ports showing gains of 10000 bales for the
week. Coffee has declined quarter of a
cent, upon larger crop estimates from
Brazil. The sugar market is only nominal.
and prices of refined are not we'll main
tanned, but trust stock has been more firmly
supported.
COAL sTrFFENED.
Coal has been stiffened by cooler weather
but still sells about 40 cents below circular
prices. Wool moves more actively, the
sales at Boston reaching 1884, 900 pounds.
but at Philadelphia the failure of a house
carrying !, ,OOO, 600 pounds has depressing in
huence, and generally trade ppears active
only where concessions are ade to meet
the needs of manufacturers. Iron and
steel in all forms are in great demand, and
firmly held with a shade of an advance In
bar iron and nails, but feeling is ex-
pressed that the improvement has been too
rapid to be maintained, and some reaction
is deemed possible.
ENCOURAGING REPORTS.
Accounts from other cities are unusualiv
encouraging. Philadelphia notes great in
activity in iron and steel, good trade but
slow collections in groceries, hating in the
wool market. and scarcity of cars for coal.
Chicago reports money becoming tighter.
because OF country demands, but no appre-
tensions regarding the immediate future:
an active trade in dry goods, wool and
hides, but dullness In clothing and boots
and shoes. At Pittsburg window glass has
been advanced 10 per cent, and q rise In
coal is expected; iron products are firm. AT
other points trade is full and active for the
season, with scarcely an exception.
The business failures during last week.
number for the United States 229. and for
Canada ~, total Of 26I, against 225 last
week