The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-08-29
DUN'S WEEKLY REVIEW.
MONEY MOVING RAPIDLY TO THR
INTERIOR


Down-The Threat OF the Farmers
ID Withdraw Wheat from the Mar
ket has Amounted to Very Little
Crop Prospects-The Corner IN india
RubOer.
NV YoRK, Aug 2S-R- G. Dun & Co s
weekly review Of trade says: Speculation
in b-sadstufs Eas brok N down. The fail
urs 10 export al more than about 81 10 for
wheat has administered a corrective which
this trade greatly needed. The threateaed
Withdrawal Of the crop by The farmers
alliance amounts TO so little that the re-
ceipts were II, 10000 bushels for last week
reported, against 4, so 200 bushels for the
co-Tssponding week last year, while the re-
ceipts Of ether grain were slightly de-
ere ased.
MOVEMENT OF MONEY.
Money is moving rapidly 10 the interior,
but The treasury has been strengthening
Itself, adding q. so. 600 70 lis god for the
week, and also taxing in 500, $50 more
trea sury notes than it has put cut BIZ
requiring deposits Of gold az New York
BZsinst the shipments OF currency TO coun-
Try banks tire treasury has somewhat ia
creased It's gold reserve, but the main fact
is that its receipts for tie rest week have
exceeded its payments Of ell kinds By about
Sl.3D.O01.
The official announcement that all the
! ~ per cant bonds not offered for extern
sion Sept. will be paid on demand prom
| ISIS q large addition 70 the available cur
iency after Sept. l.
Meanwhile the foreign news is compare
/ tiveiy unimportant, though the rate Of
I foreign exchange has deciIrei during the
week. and the prospect Of gold imports be
comes brighter.
LARGE EXPORTS OF WHEAT.
Exports Of wheat for the week are
about six times those OF last year. though
| some what less than year ago for -four and
M b less for corn.
The price Of corn declined 3 cents for
1 the week, though oats ross l cent per
/ blshel
! The crop prospects are in all respects ex-
/ cesi.nEly bright and the reports OF injury
I By frs Do not appear . affect any con-
/ siderable pr 5portiJn OF the crop. There is
| every reas N t. suppose that the yield OF
| wheat viii be much larger than the
/ 81 ,O0J 900 bushels estimated by the agricul-
/ tural department. though a WELD no greater
would leave 10000. O0J bushels for export.
dog products are somewhat stronger, IN
| sympathy with corn, but oil is lower, and
/ also coffee.
Cotton has advanced &c on account Of
the reports Of injury TO the crop IN some
| parts Of the south.
The IRON MARKET
The market for iron shows somewhat
larger sales aud better demand, though
new brands of Virginia iron are still offered
at low prices. Little improvement is seen
in bar iron. and plates are more active,
though prices are very low.
Structural iron is in fair demand, but
not stronger in price The demand for
rails Is stagnant, the combination having
succeeded 80 far in maintaining the price
that buyers are disposed to walt az long as
possible.
THE INDIA RUBBER CORNER.
THE great corner in India rubber has
collapsed. The London bankers who were
induced to assist Vienna, having demanded
further margins in vain, sold a large part
Of their holdings so that the price dropped
| from 81 cents to 81 cents. The enormous
| crop coming forward aud the refusal of
| American manufacturers to buy, crushed
| this combination exactly as was Anticipated.
I'm the boot aud shoe trade so ne increase
in orders is observed, and while coal is weak
there Is better feeling in the market The
sales of wool continue large, and manu-
facturers are fairly well employed.
THE TRADE AT DIFFERENT POINTS.
/ Afau6 Az 4JpslOA ID OckLtEs VIII cSVeCid
| improvement in the boot and shoe trade.
"A slight improvement is seen IN leather
at Philadelphia, though buyers are eau.
tious, but lumber Is quiet, the building
trade being staguant, and orders for wooden
goods are backward.
Trade at Cleveland shows some
gain over last year, and al
Cincinnati there is a fair improve
ment in groceries, while at Chicago
the receipts Of wheat are increased four.
fold, and Of wool two-foid, compared with
| last year. and al increase Is seen in -four
cheese. ami in the sale Of dry goods cloth
| ing and shoes, but decrease of one-half in
cured meats, a third in lard, and some de-
| crease 10 butter. hides and oats.
"A heavy increase is seen in trade at ST
| Louis, country merchants buying literally
| Trade is improving at Kansas City, and al
Minneapolis and st. Paul the harvest pros.
poets are of the brightest.
IN TIE SOUTH.
AT Nashville the grocery trade is better
but other business only fair
| VERY little improvement is seen a
| Memphis, while trade IN cotton is slghtly
improved at New Orleans, and at Galveston
the prospects are favorable.
AT Savannah rain for three weeks ha:
affected the crops. and at Jacksonville bust
ness is dull
| 'As much depends upon the balance oil
| foreign trade. it is highly important tina,
the imports for July exceed the exports By
only S3,S00,0O0 instead of SIS, 900, 600 last
year, and for August thus far the increass
in exports at New York is - per cent
while In the imports there is a decrease Of
Is per cent.
INCREASED EXPORTS ANTICIPATED.
prices of all commodities have declined
is per cent. for the past week, yielding a
little every day, and there is every reason
70 expect that the exports of products viii
now he free and large Unless speculation
interferes, an enormous increase in exports
may reasonably be anticipated, with large
movement of gold this way. unless tn,
foreign holders of securities prefer TO realize
THE STOCK MARKET.
THE stock market at New York has beer
comparatively free from speculative excite
nent and fairly strong, with some foreigr
buying and not much realizing thus far By
the foreign holders.
The business failures occurring through
out the country during the last week mum
Der pa for the United States aud % fo
Canada. total of 226, against 2l6 las
week"