The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-08-30
TRADE PICKING UP FAST.
EASIER MONEY AT NEW YORK
ONE or THE CAUSES.

The Failure CT the Vanderbilt Lines
Strike and the Prospect OF q Settle
ment OF tho Tariff Question Also
Having q Good Efect-speculstfve
Prices Falling.
NEW YORK, Aug. 2a-The weekly re-
view Of trade of R. G. Dun & Co, issued
to-day. SAYS: Great relief in the money
market here, caused by the treasury pur-
chases Of the Al per cent. bonds, the re-
fusal of the LABOR federation to take up
and extend the strike on the Central rail
road, and the prospect that the Senate will
soon reach final action on the tariff bill, have
all tended to improve the state Of
business. At the same time better crop
prospects have brought distinct reaction
in speculations which most retarded ex-
ports. Thus, while the volume Of domestic
trade continues greater than in any pre-
viOus year at this season. the bank clearings
for August, outside Of this city, exceeding
last years by 81 per cent, the outlook for
the future is clearer and brighter.
ONLY ONE IMPORTANT FAILURE.
"a large failure Of note, brokers at Bos-
ton, caused some nervousness, but accord
ing to reports is unlikely TO produce other
disasters. New York Central is now NOV
ing traffic about as if there had been no
strike, and be struggles in the brick business
here and in the Chicago stock yards appear
to have only local influence. The wool
sales at Boston reached 1905, 900 pounds
and many mills having substituted
territory warp for fleece wool in use
the market for fleece has been weak. Better
orders for wooden goods are reported by the
mills, particularly in mems wear and dress
goods
COTTON MANUFACTURE.
Fair trade continues in cotton goods,
and the manufacture is encouraged by fall
of five-eiShths of cent during the past
week in the price of middling upland
The boot and shoe trade IL large and
active, the higher prices required by the
advance In material being obtained with
loss difficulty, but tanners are taking hides
less freely, believing in lower prices.
THE IRON MARKET.
The past week has witnessed some fur
Their Improvement in the demand for manu-
featured forms of iron and steel, the plate
and structural mills being crowded,
with better prices in some cases.
But the pig iron market, accord
ing to private accounts from Phlla-
delphia, is badly disorganized at present,
and is not stronger here, doubt whether
production has not much exceeded the de-
mand affecting the views of buyers.
''Stagnation prevails in the coal trade,
and it is admitted that May prices still rule
in actual sales.
MONEY TIGHT IN THE INTERIOR.
Accounts from other cities are even more
favorable than usual, excepting as to the
money markets. The interior money mar
kets do not yet feel the relief seen here.
The rate on call here has dropped to per
cent, though the treasury has paid out
! only $l,500,0O0 more than it has
taken in for the week The movement of
some staples is checked by high prices.
Wheat exports fall far below last years,
and the value Of all exports from New
York for the four weeks show a decrease
| of 2515 per cent. from last year,
but prices have been yielding
rapidly, wheat and corn eGch about cents
and oats cents for the week; oil over III
| cents, pork IS cents per barrel, and cotton
| five-eighths of a cent. Hogs lard and but
ter are stronger. and coffee unchanged.
1.-THE business failures for the United
States number 165, aud for Canada "a, g
total OF 1885, against 1872 last week"