The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-09-05
DUNS WEEKLY REVIEW.
IMPROVEMENT IN BUSINESS
NOTED IN ALL SECTIONS.

NJ Ell AN ALL O6S1AONOs
The Crops All Promise al Exceed
inQly Large Yield-Cotton's Damage
May Benefit the Producers and BUSH
ness in the Southern States-Tn-
creased Confidence and Actual G ain
in the Volume of Trade Reported.
New YORK, Sept. 4.-The following is r.
q. Dun & Co.'s weekly review Of trade:
Business improves in all sections, at tn
south, partly because Of the injury to the
cotton crop and the consequent advance in
Drice. At the west some Injury co corn by
frosts late in the week is reported, the ex-
tsnt of which is not yet known, and if it is
a serious loss, may affect trade to some ex-
tent. but at the latest accounts business was
active and almost everywhere improving
"The wheat crop is out Of danger, and is
enormous, undoubtedly the largest ever
growu and moving with unusual rapidity.
1.-THE corn crop has been saved and ia very
large in most of the surplus producing
states and even within the range of the
recent troses appears TO have been in part
beyond injury.
THE DAMAGE TO COTTON.
"lOLLOn ueio DOOh L1tAkou IN
some states. An Alabama correspondent
thinks 80 per cent, and New Orleans dis
patches represent Is to IS per cent in Louis
lana and Mississippi. Some allowance
NAV be made for the usual disposition to
exaggerate the effects Of any misfortune,
but the loss of some part OF the entire crop
would not reduce the years supply below
the worlds requirements, while by causing
higher prices it might benefit the pro-
h,IniuaEa in tho iy,rr
states. The fact is that there was serious
danger Of a disastrous over-production of
cotton in spite of the rapid increase in the
worlds consumption.
THE MONETARY SITUATION
is also decidedly clearer and more favorable.
Imports of $500, 900 Of gold have been
ordered through the inducements offered
by one Of the banks, possibly with a shrewd
regard for the interests Of customers in the
stock market The foreign needs appear
less urgent, and the danger of successful
resistance to American demands for gold is
diminished.
The removal OF the German prohibition
of American pork imports promises largely
increased demand for these important pro-
ducts, and considerable addition to the
merchandise exports for the year.
EXPORTS AND IMPORTS.
"Theexports from New York in five weeks
exceed last years nearly 81 per cent, aud
while the imports also increased largely, the
balance of trade turns decidedly in favor of
the United States.
Tho injury to cotton may also hasten the
exports of the product which the foreign
operators, knowing large stocks were in
Europe, might not have bought early, had
the American crop been full.
Finally. the treasury is now disbursing
many millions for ~ per cent. bonds not
extended, and the announcement by the
secretary that it is now able to pay S25, 000,-
600 cash for these bonds, If desired, gives
assurance of liberal supplies Of money. The
reports from the other cities express in-
creased confidence and show some actual
gain in the volume of trade.
AT SOUTHERN POINTS.
"At all southern points higher cotton
stimulates trade, and collections are some
what better. and at New Orleans there is a
fair demand for sugar. At most southern
points money is also easier, and at New Or
leansin ample supply for legitimate needs.
At the west no complaints of stringency are
noted, though money is firTner at Chicago.
THE operations in the speculative mar
kets have been more active, and cotton has
advanced more than half cent
during the week on sales of $500 bales at
New York, and the market is likely to be
uncertain for some time to come.
"a In stocks there has been a remarkable
advance. broken on Thursday by some re-
action on report of frost
The great industries are doing well,
though strikes OF importance are threatened
in the cotton mills at Fall River and the
window~glass works at the west.
THE IRON MARKET.
"A distinct improvement is seen in the
demand for iron and its products. though
prices are unchanged, and also in coal,
while the minor meals are firm. -.
The sales Of wool at Boston reached
4,Sl7OOO pounds, buyers for worsted and
dress goods manufacturers being especially
active.
The trade is dry goods is fairly large,
particularly in all wool cassimeres and
dress goods. Cotton commission merchants
report trade fairly up to last years, aud
some record a considerable increase.
The failures occurring throughout the
country during the past week number:
FOR the United States, 1877 Canada, %;
Total 2l7 against 226 for last week."