The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-10-10
TRADE ON A FIRM BASIS.
AN ENCOURAGING ABSENCE OF
SPECULATIVE EXCITEMENT

Failures Still Rather Numerous as
Result of the Long Continued Com
mercial Strain - Purchases on tee
Most Conservative Basis-Gold Com
ing Rack at Rapid Rate.
NEW YORK, Oct 9-R. G. Dun & Co.'s
weekly review of trade says: "The business
failures occurring throughout the country
during the last week number for the United
States 240, and for Canada 80. total of 21o,
against $50 for the last week and pa the
week previous. From all carts Of the west
and south come adyices that business Is
gradually improving, and improvement
ID felt at the easterns centers.
There is still q most encouraging
absence in any trade Of that speculative ex-
element and overconfdence which so often
presages disaster Purchases are governed
by unusual conservatism, and yet are large
in volume. Failures are rather numerous,
but are in nearly all cases the results of the
long continued commercial strain since the
foreign disasters of last November
PRICES LOW.
at is true that the prices of nearly all
manufactured products are low and the
margin for profit very narrow, while COM
petition Is severe. But the volume Of trade
is larger than in any previous year, in spite
OF the fact that some branches of business
are retarded. 1t is also true that collections
in some quarters are slow. but the latest re-
ports from the various sections are on the
whole more favorable. Gold is
coming forward rapidly from Europe, and
it is estimated that Sl2, 100000 has already
arrived and over 81 500, 600 more Is on the
way. 1t is not disheartening fact, more
over, that speculation in stocks has sus-
tanned check, so that 1t is not likely at
present to absorb the available capital as
much as recently apprehended.
THE CHIEF INDUSTRIES.
"The news regarding the chief industries
is decidedly favorable. Cotton has made
satisfactory progress and the receipts have
greatly increased, and the prospects as to
the yield is better than week ago.
"1he iron industry is more firm in tone,
and in spite of the comparatively small con-
sumption in rail making, and an output
scarcely ever exceeded seems 10 be met by
the consumption.
"The market for wool is quiet but the
sales are not small, and the receipts at the
west greatly exceed last years.
The worsted mills are running at Gheir
full capacity, while mems wear goods are
ing considerable quantities OF WOOL in conf
dence that the demand will presently in
crease.
IMPROVEMENT AT THE SOUTH.
cat the south the Improvement is gen.
eral. and heavy receipts of cotton are noted
at Savannah. Charleston, Galveston and
New Orleans.
1.-THE pause in stock speculation hinders
the placing of securities for railroad extern
sions and improvements, but is nevertheless
healthy.
Speculation in breadstuffs has been less
active, but wheat has advanced nearly 2
cents with sales of only 100000 bushels,
while corn has declined d cent and oats an
eighth. Cotton is slightly stronger and oil
8 cents higher, but coffee has fallen IL
cents.
THE treasury has made but slight change
in the supply of currency.
Labor Is on the whole well employed and
the fear of tronble at Fall River has passed,
but the coal strike at Pittsburg stops work
for about 10000 miners. On the whole the
outlook for industrial progress is decidedly
satisfactory"