The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-08-22
DUNS WEEKLY REVIEW.
THE RECENT GREAT EXCITEMENT
IN GRAIN.

Win be Grsater-A More Cautious
and Conservative Feeling Prevalent.
THE Iron lndustry-Tae Wool Market
Aotive-Business at Various Points
Trade in the South.
NEW YORK, Aug. 21.-The following IS
r. G.. Dun &C Co. IS weekly review of trade,
"During the past week attention has been
absorbed by the great excitement in grain.
There is little room to doubt that the for
eign demand will be greater tnan ever if
the prices here are not so advanced as to
check IL.
Later reports are still mora favorable as
to the American yield. and by many
usually conservative authorities it is now
estimated at 10000, 900 to 40, 200, 600 bushels
above the government figures, which tndi-
Gated aboug 544 900 900 bushels. As the
lowest figures would give over 200, 100000
bushels for export, and the latest dispatches
from Toronto say Canada he's SO, ,000,0 900
bushels to spare, it is ia the highest degree
important for both countries that
THE GOLDEN OPPORTUNITY
should not be lost through such rise in
prices as would curtail the foreign con-
sumption. As yet prices are not extraordi.
narily high, and not as high by 10 cents,
with all the foreign news, as In April last,
With nothing but dream of famine be-
fore July to warrant them.
1.-THE general business of the country docs
we'll, With a gradual Improvement in nearly
oil branches, based on an actual increase Of
the demand from the farming states. 10
may be doubted whether there has ever
been q more
CAUTIOUS AND CONSERVATIVE FEELING
"a H.. -
a large trade was bright, and In scarcely
any branch is there seen a disposition Co
venture upon strong speculative purchases.
The stocks of goods carried over have been
large for years and dealers are adj
mcnished by the full list of fail
ures, and there is SO general disposition
to purchase only what 1t is certain customers
will require. that many trades appear hest
tating and almost dull. Yet tho volume OF
business is probably as large as ever before
at midsummer.
collections are not generally good, and
there Is more than the usual complaint, but
the rush of harvesting aad other temporary
causes explain much Of the delay.
THE IRON INDUSTRY.
at is q surprising fact that tho great iron
industry does not yet meet the setback
which the enormous production threatens.
Though the movement of rails is unusually
small, while iron Is pouring out OF the fur
naces at the rate of 169, 576 tons Aug. l,
against 164, ,70S tons last year, prices do not
fall for pig or finished products, nor do
stocks appear to increase.
Tho production Of domestic iron alone Is
| at the rate Of 3l2 pounds for every inhabi-
tant of the country, far in excess Of the
consumption of all iron, domestic and for.
| eign until last year, and 1t is rightly In
ferred that the demand for other iron than
\
crease is seen, for the bar and and structural
mills are fairly well employed.
THE WOOL MARKET.
"Tho market for wool continues moro
active than IL was, the Boston sales reach
ing 4,298, 900 pounds for tho week and the
shipments being very large from Chicago,
though trade here is quiet for domestic, but
better for foreign wool.
"The situation as TO mems goods Is by no
means unhealthy, while In dress goods busi-
ness is excellent, with no complaints.
BUSINESS AT VARIOUS POINTS.
"At Boston business Is not very active,
but the outlook is held encouraging.
"At Philadelphia complaints OF collections
continue. and the grocery trade is dull,
while no change appears in paints, oils and
glass, but for iron there is more inquiry.
AT Cleveland no change appears, and
money Is in strong demand, aud at Cincin-
natl manufacturers are quite busy, while ae
Detroit business is good for this season.
"At Chicago the dry goods sales fall short
for the week, though they are larger than
last year for the year thus far, and the salea
Of clothing and shoes arc large, while the
receipts of wheat exceed last years. four
fold, and of rye ninefold, with an increase
OF about one-third in dressed beef, lard,
hides and wool.
'At st. Louis largely increased orders are
seen In nearly all lines, and at Kansas City
trade grows more active.
"At st. Paul aud Minneapolis an excel
lent harvest makes the trade prospects good,
and similar reports come from other north
western points.
IN THE SOUTH.
"At the south business is still dull,
though some improvement is seen at New
Orleans and Atlanta, while the great fire
at Jacksonville is reckoned upon as a
stimulus to local business.
Money is tight nt many southern points
and collections somewhat slow. The stock
market has decidedly improved in tone, but
there is no sign of speculative madness, and
while prices are higher. the sales are not
large. The money market has continued
undisturbed, Notwithstanding large move
ment to the interior for grain, and appre-
tensions of the future do not embarrass
legitimate business, but put wholesome
check upon speculative excitement.
TREASURY OPERATIONS
THE treasury has put out 81, 1,70O,00J
more than it has taken in during the week,
and the failure to obtain for extension a
large part of the Al per cent. bonds seems
likely TO oblige the treasury to disburse
large sums for the remaining bonds Sept. l.
Money tends TO ease at Boston, is in
brisk demand at northwestern points. but
easy for legitimate business at Chicago,
The business failures occurring through
out the country during the week number
for the United States 1879, Canada II, total
of PIG, against 227 last week.
- 1,1.-,Cro