The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-10-18
TRADES GOOD OUTLOOK.
BUsINEss INCREASING AT EVERY
IMPORTANT CENTER.

Money Markets Growing Stringent
Exports Remarkably Large Iron
Ruling Strong-Inoreasing Demand
for Cotton and wooIen Fabrics
Large xports of Cotton-specuia-
ton Checked.
NEW YORK, Oct. 1.-THE weekly review
of r q. Dun 81 Co. SAYS: In all direc-
tions the business outlook improves, and not
outstanding the recent enormous increase
Of circulation, the money markets are grow
ing stringent Exports have become re-
markably large and domestic trade is such
that exchanges outside of New York ex
ceeded last weeks by Is per cent. But
while the New York and Boston money
markets are fairly supplied aud steady at
to per cent, the market is tight
at Chicago, Philadelphia and Savannah.
The money markets at Cleveland, Detroit
and Denver are rather easier The Bank of
England has not raised its rate. Foreign
exchange here has yielded. The treasury
has paid out during the week little more
money than 1t has taken in, and the quick
absorption of the recent large disbursements
is surprising
TRADE STRONG EVERYWHERE.
Trade is rong everywhere AT Boston
wool is rising and goods are in better de-
mand, while oottons are selling we'll and are
firm. In boots and shoes and leather there
IS more active demand and firm prices.
At Philadelphia wool is more active and
slightly higher. The output of cottons is
increasing. The shoe trade is brisk, the
supply or leather equaling the consumption.
Almost all trade is good in Philadelphia.
Throughout the west trade is fair to good.
AT st. Louis trade Is strong.
IRON STILL STRONG.
The increase in the output of pig iron in
September, according to the Iron Age's
report, was a. per cent, aud the weekly
output, 9,263 tons, was 1875 per cent
larger than year ago. Yet four more Vir-
ginia furnaces are about to begin work
within few weeks, with capacity of
$500 tons weekly. There are more sales of
pig at Cleveland. and all manufactured
iron is 10 large demand. At Pitts
burg pig is a little weak, Bessemer
notably; but the demand for all manu-
faotured iron and steel is growing stronger.
At Philadelphia steadiness in pig lis encour-
aging, though Bessemer is weak, but all
furnished products are in strong demand.
A noteworthy fact at New York is the sale
Of Tennessee iron, Lucy Ensley brand, and
strict No. foundry at $16 25 per ton. Sales
Of rails are scanty. and the association with
holds statistics.
The coal trade is more confident and Sep
tember prices now rule. Tin is cent lower,
but trade is stronger and copper steady.
TEXTILE INDUSTRIES THRIVING.
OF the textile industries the increasing
demand for cotton and wool bears witness,
though the production of print cloths at
present prices is held Improbable.
Another great industry has been making
notable progress, the number of hogs
packed at the west, March l to Oct was
1865, 900 against $4,000 last year, in
crease Of nearly 35 per cent
Speculation in wheat has made further
progress this week, the price rising III
on small sales, but exports are practically
stopped. In September only 595. 259 bushelssf
against 2, 1923 lO4 last year, went from At
lantic ports. Corn also goes abroad, but
little, having advanced during the week
only ID cents while oats have risen 1 4 cents.
LARGE EXPORTS OF COTTON.
The export movement in cotton is extraor-
dinarily large, being in September 207,-
100000 pounds. against 176, ,000,0 900 pounds
last year, and in October thus far there Is a
large increase. helped by a yielding in
price Of l-l6 Of a cent this week.
Inc 6hDOTLS VI pfONlsiOus hF6 also very
heavy, being in September 81, ,918,4 in
value, against IS, ,707, ,645 last year and this
also continues, prices being steady.
In petroleum exports there was an in
crease In quantity last month, being rs 000-
600 gallons against so, 900, 600 last year, and
the price is steady at about 81 for crude
Thus in spite of the suppression of exports
of breadstufPs by high prices. the increase
in value of the principal products was al
most 10 per cent. in September and the ag-
gregate of exports for that month will not
vary much from the remarkably large
value of imports.
PRICES RAISED BY THE NEW TARIFF.
The new tariff has caused an advance In
the prices of some kinds of goods, which,
together with the rise resulting from the
partial failure OF the crops, has moved up
the general level of prices materially,
though less than 1 per cent on all commodi-
ties since Oct. O. But the higher range of
prices accounts in part for the quick alb
sorption of circulation far greater than that
of last year.
Fear of recurring stripgency in the money
market has restrained speculation, particu-
larly in stocks. and the heavy liquidation of
European holders caused much weakness
until Thursday, but a strong general ad-
vance then followed.
The failures number 1893. compared with
the corresponding week of last year Of 1872.