The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-09-27
TRADE PROSPECTS GOOD.
ACTIVITY IN ALL LINES OF BUSI-
NESS WELL SUSTAINED.

The Increased Volume of Currency
Bias Not Inflated Prices - An I'm
proved Export Trade - The Great
Industries Active-Iron Looking Up
Railroad Stocks Depressed.
NEW YORK, Sept. 26.-The weekly re-
view Of r G. Dun 81 Co. saws:
Liquidation in nearly all kinds Of specu-
lation comes, TO the disappointment OF
many, in connection with the largely IN
creased supplies OF money. and prepares the
way for a healthier trade in all Legitimate
branches Treasury disbursements for
bonds and silver, and the prepayment of
interest, have reduced the balances by
nearly $50, 900. 900, but the enormous sup
DIV of currency has not as yet inflated
prices at all The local rate for money on
call has declined from to 8 per cent., and
an easier market is reported at Boston,
Philadelphia aud Chicago, but the great
foreign banks continue to lose gold, Eng
land and France reporting loss of $4,000, =
900 for the week.
IMPROVEMENT IN THE EXPORT TRADE
With lower prices there appears, the
desired Improvement in exports OF products
aud the decrease for the past three weeks Is
now only AZ per cent. as compared with last
last.
Imports are much enlarged by the effort
TO get goods into the country before the
new tariff goes into effect but
che current accounts of such increases
are exaggerated The value of all imports
for the tnree weeks Just closed has been but
49, per cent. above last years record.
considerable increase appears in woolens,
linens, silks and other dry goods, but there
is a fair prospect that merchandise exports
in m
the month.
INCREASED EXPORTS OF COTTON.
Grain does not move freely as yet, but
exports of cotton exceed last years mate
rally, and provisions move in larger guam
titles
Reports from other cities show remark
able activity IN all branches of legitimate
trade. The excess of bank clearlngs over
those of the corresponding weeks last year
In all cities outside of New Y ork rises to 10
per cent for the month thus far, and at
western and southern points the gain aver
ages about % per cent. Though money is very
active at most points and rather stringent
at many, the volume of business does not
seem to be anywhere curtailed thereby, and
reports as to collections are much more
3avorably than usual.
MANUFACTURING ACTIVE.
The great industries are decidedly active,
the wool manufacture having especially
Improved, with much more satisfactory
orders. The cotton manufacture is sus-
tanned by the large demand for goods, and
in numerous minor industries the expected
change of duties is said TO be the basis of
greater activity.
Iron is firmer at Philadelphia, and is not
much pressed for sale here, though some
Chicago sales in this region are reported,
but the demand for bar increases, with an
advance in price, and plate and structural
mills are crowded, though steel rails are
still inactive.
LIQUIDATION IN STOCKS.
There has been much liquidation is stocks,
without a serious decline in prices or any
excitement. Speculation in the sugar trust
is made to turn, ostensbly, son
various reports about the coming
tariff, but railroad rates are
not well maintained, and the association
finds it practically impossible to sustain
themselves in view Of the competition
which the interstate act causes. The great
factor in the stock market is the realization
that the partial failure of crops must mean,
sooner OF later, smaller and less profitable
traffic for a time. But the increase in the
volume of other business is surprising, and
tends strongly to sustain the hopes of
holders.
The business failures Of the week number
for the United States 1872. against les for
t,ac