The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-11-15
Nd BREAK IN BUSINESS.
WALL STREET ONLY A SIDE
SHOW IN TRADE CIRCLES

The Recent Capers Of the Bulls and
Bears Not Far-reaching in Treir En-
fects-The Tightness of Money Due
TO the Heavy Legitimate Transactions
N Progress.
NEW YORK. Nov. AR G. Dun & Co.'S
trade review, issued to-day, says: Those
who have long expected severe reaction
in the stock market have now seen the
average prices thrown back to lower points
than have been touched at any other time
for more than four years The check now
sustained may not improbably produce
some shrinksge in transactions and dim
mutton Of profits, but the industrial and
commercial conditions have been so favor
able that speculative disturbances are less
likely to affect general business seriously.
THE EFFECT NOT FAR-REACHISG.
reports from other cities show that at
most points events in Wall street have bad
little or no effect as vet. At Philadelphia
money is tight, and little commercial paper
is offered or selling. Wool manufacturers
are buying more literally, with a slight
advance ia some grades. Leather is strong.
and the shoe trade larger than last year.
though less brisk than of late. Building is
larger than in any previous year, and
operators in real estate are sanguIne. At
Chicago money is active at : per cent. No
other western point shows disturbance In
trade, though money is generally close.
IN THE SOUTH.
"Souther cities make much the same re-
port.
mills running and trades brisk, with salts
factory collections.
New Orleans finds money active, the cot
ton receipts below last year. but the receipts
of sugar and rice liberal, with a good de-
rnaud for ALL
"Atlenta reports easy money and good
trade.
Savannah reports money tight but trade
active
"At jacksonville earlier northern travel
than usual causes activity.
AN ENCOURAGING CONDITION.
"These accounts show a remarkably en-
couraqipg condition of business but more
than usual scarcity of money, in spite OF
good collections.
1.-THE demand for manufactured iron pro-
ducts is not distinctly smaller and in rail-
way supplies a decrease is foreshowed by
financial troubles Rails are noininally
S29, but the state Of the market is not en-
couraging.
The boot aud shoe trade is somewhat
chilled by the prospect OF a reaction in
leather, but prices range ~ 10 10 cents per
pair higher than last year.
I'm dry goods there is observed some
besitancy by buyers, but the mills are we'll
sold up. Woolens realize slightly better
prices in some cases, and dress goods are
firm.
BREADSTUFFS LOWER.
"Breadstuffs are lower, the exports in Oc-
tober showing heavy decrease.
Pork products are steady.
Coffee and cotton are unchanged, and
oil is 50 lower.
''In general speculation in products is less
active than usual. While the exports Of
products were enormous in October, they
have fallen ~ per cent. below last
years for November thus far
at New York. but the large excess over
import failed to affect the money market,
since the movement Of securities this way is
large. II is not to he forgotten that the de-
mand for money is largely due to the un-
precedented volume or business thus far.
''fhe failures of the week number 224, as
compared with 235 in the corresponding
week of last year.