The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-11-28
BOUND TO HAVE A BOOM.
THE BALANCE OF TRADE HEAVILY
III OUR FAVOR

Money Plentiful All Over the Country
and More Coming in Every Dsy-The
Crop Movement Enormous, Eut
Rolling IN.
NEW York, Nov. 27.-The business fail
ures last week, as reported to R. G. Dun g.
Co.. number for the United States 237 and
for Canada IS. total Of 295 against 2S5
last week. Dun's review says:
"a week broken by holiday has shown
the usual characteristics, weak speculation,
active retail trade aud moderate
wholesale business. But the great
factors which go to make national
prosperity are unaltered. Money is in ample
supply. The industries are fairly employed.
Crops are moving with freedom, and in
wonderful quantities, and the exports are
remarkably heavy. No failures occur of a
character to cause apprehension, and the
feeling Of confidence at all commercial
centers is strong. Even the approaching
session of congress gives rise to little
apprehension, as it is felt that the opposing
parties will have to act cautiously in view
OF the coming general election There are
signs that distribution of products to con-
sumers is improving. Southern cities re-
port better; Savannah alone reports the
present trade light, and money no easier,
but the prospects bright.
SPECULATION NOT ACTIVE.
Speculation during the past week has
not been active. but q corner at Chicago
has put up corn for immediate Delivery
points and pork is 25c higher; oats 4 and
wheat %, while cotton and sugar are heavy.
rlRGInfc n IF fha
same week last year by $4,000 bales, and tine
exports by $1,000 bales larger. Wheat
receipst at the west continue at the rate of
more than 100000 Bushels for the
full week, and the exports have been ], 300,-
900 bushels Of wheat alone from the At
lantic seaboard for three days of the present
week. Corn is coming forward fairly, and
after November a sharp decline in the price
is expected. Oil and coffee show no con-
siderable change. The volume Of specula-
ton in most lines is fortunately so restricted
that legitimate business and the movement
Of products are not at present embarrassed.
THE GREAT INDUSTRIES.
"In the great industries the outlook is in-
proved. There is better demand for iron,
and the sales Of pig are liberal, with as
tonishing steadiness in prices, considering
the enormous output. Some Virginia iron
is offered very low, and $l6 at
better demand, orders having been placed
for many thousand cars, requiring each six
to eight tons of manufactured iron. Plates
are in fair demand, but structural iron is a
little weaker and steel billets are at the
lowest price ever recorded 1926. On the
whole, there are evidences of enormous con-
sumption already, nearly equal to the pro-
duction, with the prospects of an increase
next year The Erie has just placed 10000
tons of steel rails
the market for wooden goods distinctly
improves with colder weather, though soma
holders make slight concessions on old
stocks. Cotton goods are fairly active,
though print cloths accumulate.
MONEY EASY.
"MoneY is comparatively easy and col
lections generally are fair.
"The treasury has taken in but $500 900
more than it has disbursed, against an issue
OF S6OO,O0O new treasury notes.
THE exports of products in four weeks at
New York have exceeded last years.
by 81 ,46l, 4S2 in value, indicating
ceeding $95, 000, 900, and at the same time
there is a decrease of 10 per cent. in the
value of the imports. There is certain to
be very large balance payable on the mer-
chandise account by Europe, and much
anxiety appears in some quarters as
to how the strain abroad will be
met, but thus far there are no signs of real
trouble except in speculative quarters. 1t
is to be remembered also that this country
is at present unusually independent of for
eign disasters or disturbances.
"Stocks are in better demand, the aver
age Of prices having risen about rs cents
per share within the week."
Health brings happiness. Take Summons