The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-11-08
TRADE IS IN FINE TRIM.
THE VOLUME OF BUSINESS LARGE
BEYOND PRECEDENT.

Serious Depression in the Stock and
Speculative Marke:s-The Monetary
Situation About the same as a
Week Ago-Business Not Much In
terrupted by the Elections.
NEW YORK, Nov. 7.-R. G. Dlnis trade
review. issued to-day, says: The volume
Of business, both domestic and foreign, con-
tlnues large beyond precedent and in
character prosperous, but there is serious
depression in the stock market. and other
speculative markets are generally lower.
The elections interrupted business but
little. and the result has no perceptible effect
as yet upon the trade, Though some fear
that extension of manufactures may tie
checked by uncertainty
THE MONETARY SITUATION.
THE monetary situation is substantially
unchanged. Reports from all parts of the
country show that business is large and
healthy. Boston rates wool more quiet, but
firm. Cottons are in goad demand and
firm. Leather is quiet, but improving.
There is firEer feeling in domestic hides
and fair activity in boo;s aud SHOES.
WOOL LESS ACTIVE.
philadelphia tiEds the wool trade less &C
tive.
The iron trade is a shade weak. but
rolling mills are full of orders, aud the coal
trade is hardly up to expectations.
AT Chicago the grain receipts equal last
years. Cured meat, butter and hides show
decrease, but dressed beef, lard, che use
and especially wool increase, and the trade
in dry goods, clothing aad shoes exceeds
last years.
''At s.. Louis trade is rallying again.
AT Cincinnati it is encouraging. The
tobacco trade is improving.
"a Pittsburg iron is rather depressed.
bus the glass trade is fair.
''At Cleveland business is coed.
AT Detroit there is a healthy activity.
IN THE SOUTH.
New Orleans reports larger trade than a
year ago. liberal receipts of cotton and
sugar. and good outlook.
"At Memphis and Savannah trade is
sound and the prospects bright, the receipts
or C ,tton at Savannah being SO, 100 bales
Iron is weaker here for southern, q sale
Of No. being reported at $16, and Besse-
ner is weaker at Pittsburg; but at Phiia-
delphia the revised quotations are SIS and
upward for standard Pennsylvania, el7
and upward for standard southern,
and BIS for neutral forge More inquiry Tor
rails is seen, and the purchase of the A lie
gheny mills by the Carnegie interest is ex-
the market. The bar mills are not so full
OF orders as they were, but the structural
and plate workers are busy
TEXTILE MANUFACTURES.
"The textile manufactures are all active.
and with improving prospects.
Tin is weaker at S21 IS, lead at SIS oOd
IS 20, and copper is sold by outside parties
at SIC IS.
The foreign trade in October will sur
pass that Of any other month in the history
of the country, for the exports from New
York show gain of $1,000, 900, indicating
an aggregate of more than 81 ,005, 600, 900
for the country, and the imports also show
an increase Of about s9,000,G00, indicating
an aggregate scarcely exceeded, If at ali, in
any month.
MONEY ACTIVE.
The money market here has been active
at about per cent, the treasury having
added 1867, 532 to the circulation of silver
notes during the week, hut otherwise hav.
lLg paid out only rs mu,l mo leY as it has
taken IN. At Boston the market is strong; at
Philadelphia drm ct to z per cent, " tn a
large demand for discounts: at Chicago
close with al advance in rates of exchange,
the ughsness belcg due TO an iucrease of
business; and at St. Louis the market is
strong at = to per cent.
EASIER AT NEW ORLEANS.
New Orleans reports an easier market,
bat at most western ceute the demand is
sharp, while outside of such csnters the
market is comparatively easy. Herei it is
hoted that the demand for re-discaunts is
! unusually large, but reports as to collec-
lions ere again much more favorable than
usual, complaints OF s!ownesS being ain, s.
uokaugn.
The speculative markets are lower
wheat 2l5c., cotton site. coffee sc ana
| corn and lard fraction. silver has fallen
to *lG2 per ounce and sugar is also lower,
| refined having declined 1sc.
Tine failures of the week number lS2. as
| compared with 22S for the corresponding
| week last year.
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