The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-09-13
FALL TRADE Is LIVELY.
sPECULAToRs THE ONLY ONES
WORRIED BY TIGHT MONEY.

New Orleans the Only City In the
Country Reporting an Easier Finan-
cisl Situation-kew York's Fright
Brought a bout by the Tarif-stocks
Considerably Cheaper.
NEW YORK. Sept 12-R. G. Dun & Co. S
weekly review of trade says: 1.-THE past
week has fully justified those who gave
warning that monetary ease, caused by the
treasury disbursements, could be but tenn
porary. The market here has been tight
with extreme rates paid in some cases. At
Boston and Philadelphia the monetary
pressure also affects business. At Chicago
the market is somewhat firmer and the de-
mand active. At ST. Louis it is
stiff at to S per cent. at Kansas City
more firm, at Omaha a trihe close,
but fairly supplied, and at Milwaukee very
active and to some extent disturbed by a
large lumber failure in the interior. At
Detroit the demand is strong at per cent
At Cleveland the tightness is rightly as
cribed to the volume of business. At Pitts
burg the demand is fair at to per cent.
and only at New Orleans, of all the cities re-
porting, is the market easier. These details
show that the rising tide of business all over
the country is closely employing all the
money ailable and yet within three weeks
more than s15, 900, 900 has bsen added to the
circulation by the treasury and sent to the
interor, NJ part Of it being retained in this
city.
CAUSE OF NEW YoRK's FRIGHT.
"The immediate fright at New York was
about the supposed enormous demand for
the payment of duties IL the new tariff
Gh nIfl6 M i7f0 offo dot h.
officially reported, is that less than S9,O00,-
900 would pay the full duties on all goods in
the warehouses on which the rates have
been increased, but no one supposes that the
entire quantity would be taken out, and
meanwhile the treasury is now offering
to pay out s2O,OOO,oOO for AIS
of interest on AVS. If there were no specu-
lative tendency interfering with the free
movement of corps, commercial bills would
soon draw money from abroad, but an
unfavorable crop report causes higher prices
for the staples, and prior to that the exports
had been very hight, prices here being too
high for foreign markets. The pressure has
caused considerable decline in stocks, the
average having fallen about SO so per share
since Aug. %, but there is money used for
the particularly active speculation in grain
and cotton which is wanted in legitimate
business. The reports from other cities in
dictate no slackening of activity on account
OF the monetary difficulty at any point
west or south Of Philadelphia.
COLLECTIONS SATISFACTORY.
THE reports as to collections are almost
uniformly satisfactory. Crops are moving
fast, and prices encouraging the farmers,
but products do not go forward to consum-
ers as rapidly. The distribution OF mer-
chandise in nearly all lines continues much
in Of act
porting. The great in 1ustries are doing
we'll
The weekly output of iron rises again to
,776 tons, against 164, 798 Aug. 1, and
l34,O6S year ago. The market
for pig iron is weaker, though no
recorded change In prices is seen,
and rail makers are clearly disappointed
about recent orders and out in prices on
considerable tracks is expected. But bar,
plate, structural, sheet and wrought pipe
mills are all crowded with work at full and
occasionally advancing prices.
WOODEN MANUFACTURE.
Greater activity in wooden manufacture
is shown by the rapid rise In sales aud
the speedy passage Of the tariff bin is an
ticipated as the basis for larger operations
The activity in dry goods is everywhere
increased, importers being quick to dispose
of many kinds, while the demin is large
and general. In short, there 10 every reason
to look for large and prosperous business
if the pressure on the money market is met
and that pressure tends to cure
itself quickly by REFRESHING spec.
ulation. But the treasury has
ample funds available, and il the com uer-
cial needs become such that bonds go for
ward or prepayment Of interest is accepted,
the disbursements should be quickly large
enough to meet all necessities
"The failures of the week number for the
United States 1911, and for Canada %,
total Of 1913, against 20S last week"