The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-08-15
MONEY EASY ON CALL
BUT STILL a VAGUE SENSE OF UN-
EASINBsS PREVAILING.

| The General Outlook Better, However.
Crop Prospects Grow Brighter Every
Day-Trede in the Cities Now I'm.
proving-Foreign Trade Continues
Improving.
NEW YORK. Aug. 1.-THE following is
r. G.. Dun a. Co.'S weekly review Of trade /;
1.-THE prohibition of the exports of rye by
Russia. because Of the official declaration
that a famine is impending. has suddenly
affected the grain markets Of the whole
world. Russia usually exports about 50,000,-
900 bushels Of rye, and men reason
that other grain in large guam
titles will be required. Not enough
attention is paid TO the fact that the Eu~
ropean consumption may be greatly reduced
by the high prices, and speculation goes on
the theory that every person must have 80
many bushels or there will be starvation.
Before the year is over this notion will
probably be corrected
Wheat rose So cents on moderate sales.
and prominent operator at Chic go went
down. Corn rose So and oats ~ cents,
with small sales.
THE GENERAL OUTLOOK.
"Crop prospects grow brighter every
day, and with the assurance that the coun-
try will not only have enormous supplies OF
grain, but a market for it at good prices,
business is improving throughout the north.
The movement begins close to the farms;
the country merchants are buying more
freely, and their purchases are felt by
wholesalers and manufacturers.
TRADE IN THE CITIES.
"Trade at Boston shows improve
h.. aaia
coo pounds, aud the demand for
goods improving. Cotton goods are also In
better demand.
''At Philadelphia there is a general i'm
provement, particularly in wool and WOOL
ems, dress goods, paints aud tobacco.
AT Cleveland trade shows some i'm
provement, though iron is demoralized.
'At Cincinnati trade is only fair, the
southern business being smaller.
"At Chicago an increase is noted in
almost every branch Of trade. except cured
meats, the wheat receipts being tive-fold
| over last years, and money is in good de-
mand, though the call from the country is
not as great as was expected.
"At st. Louis business is increasing in
almost all lines, though lumber and build
ing material are dull.
"At Kansas City cattle and packing mate
rial are dull. and the packing trades are
light Wheat is moving freely, but gen.
eral trade is improving and healthy.
AT St Paul business is unusually brisk,
and the country merchants are buying
freely.
THE CONDITION IN THE SOUTH.
1.-The south is in very different condi-
ton. The great surplus of cotton last year
and the prospect Of an equally large crop
this year. threatens lower price than the
producers can stand, AID trade and collec-
tions are both poor in that section. There
is distinct improvement in the demand
for cotton goods, which the mills can now
produce with profit at lower prices than
ever.
CLOTHING AND WOODEN GOODS.
1.-THE actual sales of clothing aud Of wooden
goods appear to be larger in the aggregate
tnan ever, but the manufacture is much
embarrassed by comparative scantIness of
orders for the future. The momentary IN
certainty operates to prevent large commit
ments in advance. Dress goods are selling
| quite up to expectations, and the trade in
| blankets aud fiannels is fair.
THE boot and shoe manufacture does fairly
| well for this season.
THE IRON MARKET.
Improvement in iron Is felt at Philadel-
| phia as to better grades, but No. foundry
| has been offered here at S15 for cash and
southern gray forge is selling at 80 IS.
Bar iron is dull, but the demand equals
the supply in plate and structural iron, and
the prospects are considered good.
I'm rails nothing is doing aud sales in
July for the whole country were 25, 900
tons, against actual shipments of 100 900
tons.
THE MONEY MARKET.
1.-The money market here continues easy
on call, and commercial paper is rather
more salable here and In other eastern cities,
but there is still a vague sense of uneasi-
ness. The treasury has taken in 81, SOC, 900
more than IL has paid out, but reports indi-
to disburse $25, 600, 900 or more about Sept.
l for Al per cent bonds, which the holders
do not offer for extension.
FOREIGN TRADE.
"Foreign trade continues to improve, for,
while the imports decline largely, the ex-
ports for the two weeks of August have ex.
ceeded by nearly 10 per cent those of the
corresponding week of last year.
I'm the main interior the money markets
are in a fairly good condition, excepting at
the south, and at Philadelphia conf
dence is gaining; at Boston the rates
are easy; at Chicago money is in
healthy demand, with the supply sufficient
for legitimate trade, and at st. Louis the
rates are to s per cent, with no money
Europe is able to send cash for ali the food
it will require this year it Is probable that
this country will not lack money long.
1.-The business failures occurring through
out the country during the week number
for the United States 202; for Canada rs, a
total of 227, against 231 last week"