The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-11-09
TRADES OUTLOOK GOOD.
ALL THE NEWS OF THE WEEK FA-
VoRABLB FOR THE PUBLIC.

monetary Conditions Decidedly Better
all Over the Country-Capital Turn
ing to Industrial Works Rather Than
Railroads - Speculation in Wheat
Stimulated by Dodee's Report
NEW YORK, Nov. s.-R. c. Dun & Co.'S
weekly review Of trade says:
The business outlook continues To i'm
prove. All the news this week Is fayorabls
for the public, even the decision averss TO
the sugar trust, and the exposure and pro-
posed reorganization in the cotton oil trust
are hopeful signs.
Inc monetary conditions have decidedly
improved here and abroad, and while
the Bank of England rate is still held at s
per cent, money is quoted IN the open mar
ket at S15 per cent. Surplus foreign capi-
tai seeks Investment here, but in various
industrial works rather than in railroads,
and the quick subscription In England OF
so,OOO,OOO for the purchase of mills, water
power and elevators in Minnesota, shows
that there is no lack Of funds available for
enterprises considered safe.
SPECULATION IN WHEAT.
Speculation in wheat was temporarily
stimulated by an unofficial publication by
Mr.. Dodge, the government statistician.
putting the probable yield at 4S5, ,0O0, 900
bushels. Corn il stronger, and oats VI. but
pork is 90 cents and lardshalf a cent lower.
Oil advanced four cents with moderats
trading, and coffee is unchanged.
The merely nominal price of raw sugar
has been made actual, the trust having en-,
tered the market as a buyer at Az cents for
Muscovideo and 55A cents for 96o CEN
trifugal, but refined shows a decline of *
cents. 20
1t can only be reckoned as sign of i'm,
provenent that wool has yielded about 1
cent per pound, since the concession has in
duced considerable buying. Manufacturers
hold that no advance is possible in heavy
woolens, and have bought little except at
reduced prices.
COTTON MORE ACTIVE.
Cotton is more active and lower. with
sales for the week of 660,O00 bales, the ex-
ports for the week falling below last years
by 5000 bales, while the receipts show an
increase of 10000.
The iron and steel market Is remarkably
strong, and producers in convention have
advanced prices to l1.0 cents, but there is
much evidence of a desire TO initiate ouo-
tations and create boom, Philadelphia
quoting pig at $40, while the Thomas Com
pany continues TO sell at S1S and steel rails
at s33 at the mill, while $31 so is quoted
here. Recent actual sales have netted
$50 so at an eastern mill
GOOD TRADE IN PROGRESS.
Returns from all interior points are de-
cidedly encouraging, showing an excellent
trade in progress, fair collections, and an
ample supply Of money. The exceptions
are that money is close at per cent. 40
Chicago and a little closer at Cleveland.
but easier at Philadelphia. The partial
failure OF the cotton crop In Northern Ala
bama and reports Of general shrinkage of
q per cent. in the Memphis region accounts
for some local shrinkage in trade, At
Pittsburg the iron works are all busy. and
window glass has advanced per cent.
The business failures occurring during
last week, number for the United States
rs, and for Canada 80, a total of 267
against 261 last week.