The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-10-24
ON THE EVE OF A BOOM.
Heavy SALES OF PRODUCTS PUTS
EUROPE OLA DEBTOR

| Money at New York Abundant and
| Cheap-Gsnerel Business Rsmark-
ably Active and Increasing in Vol
ume-C Collections Better Rverywhere.
Tho Pric IS Of Products Downward IN
Tend ancy.
NEW Y ORR, Oct. 23.-R. G. Dun & Co.'S
weekly review Of trade says: "The busi-
ness failures occurring throughout the
country during the past week number for
the United S Jates POI. and for Canada AZ, a
total of 249 against 259 last week. When
important elections are close at hand, specu-
lation generally waits. and busi-
ness is apt TO be dull.
This year speculation in stocks
Is hesitating, but in wheat aud cotton the
pressure of enormous supplies causes 10 yer
prices with much speculative activit Y.
Meanwhile general bust ess is remarka oily
active and increasing in volume at the west,
improving at the south, and distinctly less
dull than it was a week ago at the eastern
cities.
COLLECTIONS IMPROVING.
COLLECTIONS are improving in nearly all
directions, as the liberal m 1vemen5 of crops
enables the farmers to settle their accounts
| and to make purchases for the coming sea-
son. The money markets are nowhere
stringent, at nearly all important points be-
| ing quite easy, though wit noticeable i'm
| pavement in the demand. These signs
plainly promise q strong trade for
| the fall and winter, unless disturbances
| which cannot now be fOreseen should hi err
| rupr. d while there is a furry Of none
tary excitement alb DAD. it is not likely at
this season to disturb American trale or
| finances, as this country, on account OF its
| hao wv Nrfo 10 w nf IN
other nations. and far less than usual de-
pendent upon them.
REPORTS FROM THE CITIES
reports from other cities are, on the
| whole, more fav 1rable. At New Orleans q
| better fe cling is seen with large receipts Of
cotton and fair Of rica and sugar, aud money
isl active demand At Savan ah trade holds
| we'll, the cotton receipts reaching %, 000
bales one day; and at Jacksonville, trade
is eady with fright prospects.
"Wheat GAS fallen go cents, corn is scarce
and 31s cents higher for spot, and oats ~
cents higher. 7, 8 c)tton receipts even sur
pass those OF the same week last year by
| 5000 bales, and the price falls sixteenth.
wi sales OF 9l4. 900 ales here. Coffee is
an Gig tn lover, oil cent lower. lard an
eighth lower, and hogs have fallen 81 cents
| per 100 pounds, with no change in pork.
| Sugar, both raw and granulated is some
what lower, with quite an active market.
| In general the speculative movement 40
pears to tend toward lower prices for
products, the supplies being unusually large.
THE IRON INDUSTRY.
THE iron industry looks stronger. Bar,
plate and structural mills are fairly EN-.
ployed, but prices are low. Boot and sho
manufacture show signs Of a more active
| demand and the shipments are close to last
years. Wool manufacture shows more
demand for dress goods, and
| Stocks Of these are relatively low,
| while for mems spring goods
the orders of clothiers are far behind the
sudden changes of popular fancy in late
years having induced extraordinary
| caution. But large auction sale here was
so satisfactory as to indicate that prices
will be we'll maintained.
THE STOCK MARKET.
"The stock market is hesitating, with
lit Q change for the week, though de-
pressed on Thursday by sales from Paris
and the continent. The Paris bourse is
disturbed by heavy selling of copper shares,
but the Bank Of England does not change
It's rates. though losing this week
1880 900 in gold. Here the treasu v
has put out including new treasury notes,
| 81, 500, 900 more than it ha9 taken in during
the week. The mercha d Sc exports for the
past two weeks have exceeded those of the
corresponding weeks last year. while im-
ports fall far below those Of year ago, so
that the balance OF trade in products
strongly favors coutinusd IMPORTS of gold.
| Foreign exchange has decli ned half cent
during the week and IN ney at New York
has been easy and cheap"