The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-10-04
TRADE PROSPECTS GOOD.
BUSINESS PHRNoSdENALLY AS-
TIVE AT ALL POINTS.


Great Increase in Circulation for Sep
tember-Volume Of Domestic Trade
Unprecedented - Iron Market Well
Observation-Disclosures Failures for the
Quarter Less Than Last ear.
NEW YoRK, Oct. 3-The weekly review
of r. g. Dun & CO., says: Never before
has there been In any mon tn so great an In
crease in the circulation, or so large pay
ment of the public debt, as in the month
just closed. The aggregate circulation is
now 81 .49S. .079, 700. having increased s62,-
9,767 in September. The mouey markets
In all parts Of the country have turned to
greater ease.
Congress has adjourned after passing the
tariff bill, aud there are already active
preparations in many cities for new
branches of manufacture or enlargement Of
operations The domestic trade Is ifnprov-
lug In all directions, and at least for the
time there ia also improvement in exports,
which now show for the past month gain
OF per cent. over last year at New York.
Even In regard to shortness OF crops less
Is heard Of late and there is a growing
impression that the loss may have been TO
some extent exaggerated.
ACTIVE DOMESTIC TRADE.
Oh the magnitude OF the domestic trade it
appears that the actual payments through
clearing houses outside OF New York were
in September 161S per cent greater than
last year. This is partly due 10 higher
prices, for the general average of commodi-
ties has risen l per cent. during the past
week, and has been over 9 per cent. above
last year for the past month.
The earnings Of railroads as far as re-
ported for September show gain over last
r..fTl IL he. -
cattle and cotton is particularly heavy.
Sales of wool at Boston exceeded /, 900, 900
pounds last week. Sales Of iron ore at
Cleveland thus far this year are S,500,00J
tons, exceeding last years TO date by one
third.
ACCOUNTS FAVORABLE.
Accounts from nearly all cities continue
highly favorable. Boston notes a healthy
and encouraging trade In New England.
Philadelphia reports more confidence and
much improvement In wool. Chicago notes
larger trade In dry goods than last year,
with prompt collections. st. Louis notes
unusual activity In all lines Cincinnati
reports very liberal orders for
clothing, good trade in tobacco
at favorable prices, and a heavy
movement Of fruits and produce. Milwau-
kee notes very good trade. At Savannah
trade is very brisk. At st. Paul and Min
neapolls, Omaha, Denver and Kansas City
II is very good. At Detroit it is better than
last year In some lines. AT Plttsburg trads
is large In volume and strong in tone for
finished iron an glass, but less strong for
pig iron aud rails and for glass chimneys.
Many works there are hurrylnR prepara-
tions TO turn out tin plates.
IRON MARKET STRONG.
The iron market is singularly sustained.
IN spite of unprecedented production, by an
unprecedented demand for plates bar, sheet
and wrought iron, which keeps all mills
crowded with work, while rails are not
strong and pig iron remains unchanged. A
sharp advance In tin closed with prices NOM
inaliy "a cents, though the visible supply Is
greater than year ago.
Cotton and coffee have been unchanged
In price, with oil and hogs lower. but the
price of wheat advanced three-eighths Of
cent and corn one-fourth Of q cent for the
week, with moderate sales, while oats de-
olined lN cents.
Liquidation In silver depressed the price
In London TO 30 pence, but 1t has since risen
to bl~ ponce per ounce.
TRADE PHENoMBvALLY ACTIVE.
Details given show that in all parts of the
country and in all important branches of
business there Is phenomenal activity, and,
nevertheless, there Is a comparative freedom
from speculative excitement or disturb
ance In the stock market there has been
general liquidation, with somewhat lower
prices, but at no time any sign Of that fever
ish excitement which threatens a panic, and
there Is prevalent feeling that after the
pressure for monetary supplies in moving
the crops and legitimate business has passed
more buying Of securities will appear
The general soundness 0f trade Is shown
by the reports of failures which for the
third quarter Of 1890 are smaller la number
and amount OF liabilities than for the same
quarter Of 1889, though in Canada they are
rather larger In both respects. Decrease in
number Ia the United States was small,
2, 1876 this year against 2,276 last year, but
the liabilities were but $S5, ,452, ,436. against
S39, ,227 ,045 last year, sho wing decrease in
the average for each firm falling.
The business failures Of the week number
166, as compared with 172 for the corre-
spending week last year.