The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-04-26
BULLION TO MAKEA BOOM
ALLTaE MARK aT5 BUoYANT OVER
THE SILVER OUTLOOK.

The Addition of S54,ooo,ooo Yearly
20 the Currency Expected to Lift
All Prices - Trade Reports from
Every Part Of the Country Continue
Favorable.
NEW YORK, April 25 The weekly re-
view of trade of r. G. Dun s. Co., issued
to-day says: "The markets are all influenced
by the prospect Of an increase in the cur
rency based on silver. The street has as
surance in kilograms from Washington that
the bill adopted in caucus will be passed,
and the addition of at least S54, 10000 of
bullion notes yearly is expected to lift all
prices. Silver has advanced about 2 cents
per ounce, wheat 81 cents per bushels, oats
cents, coffee and oil half a cent
each, cotton one-sixtenth of a
cent, pork 25 cents per barrel,
and stocks have been stronger, but the
higher prices for wheat, 81 cents. and for
corn, 421S cents were made on Tuesday, and
the realizing Of spectators has since caused
some decline. The average of prices for all
April 10 to April 81, but has declined about
half as much. Opinions are much divided
about the effect Of the silver bill If passed,
some believing that brief advance in prices
will be quickly followed by a decline, when
it is found that gold begins to go abroad.
But the more common belief is that the
measure will work safely. stimulating prices
and commercial activity to some extent
without disturbing the gold standing values.
TRADE REPORTS FAVORABLE.
"The trade reports this week are favora-
BILE, excepting from the region affected by
the almost unprecedented floods in the Mis-
sissippi valley. At Galvestontrade is dull, too
much rain having affected crops unfavora
bly,, but real estate Is very active, because
of the prospect of harbor improvements.
At all northern centers of trade the situa-
ton is very satisfactory, the volume of
business is large and collections are fairly
prompt, and while the money market is
everywhere fairly supplied. the demand at
almost all points is but moderate.
'The iron business is more;hopefulin tone
at Philadelphia, but at Pittsburg the de-
cline in prices continues, and at New York
southern iron of the lower grades is still
pressed for sale, with No. offered at SIT.
Steel rails are weaker, and S33 is quoted,
but bar iron is most active.
EXPORTS OF GRAIN.
"The exports of grain continue large, not
withStanding the advance in prices, and
furnish the only reasonable excuse for that
advance. In any event large surplus of
reported injury to winter wheat will be, to
a great extent, balanced by the increased
acreage of spring wheat, which higher
prices will cause.
"No reason is perceived beyond specula-
tive activity for the advance in pork and in
oats, but the belief is that the currency
will be greatly expanded Etends just now to
render all prices somewhat fictitious
THE MONEY MARKET.
"The treasury has taken in during the past
week 81, 900, 900 more than it has paid out,
but the receipts of money from the in
terror have kept the New York money
market comparatively easy, and per cent.
has been the ruling rate on call The i'm
preston prevails that foreign capital is
moving in this direction again, and that
purchases of securities on foreign account
exceed the sales, and this impression is
supported by the steadiness of foreign ex-
change at 4S71s, notwithstanding decline
in merchandise and exports. The ex-
ports from New York for three
weeks have been 81 per cent. below
those of the same weeks last year, although
imports show an increase of % per cent.
These figures indicate a heavy excess of i'm
ports over exports for the month, but there
are no present symptoms of an outgo of
specie.
The business failures occurring through
out the country during the past week
number for the United States 179, and for
Canada SO, a total of 2lS against 214 last