The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-09-26
DUN'S REVIEW OF TRADE
THE STOCK MARKET THn ONLY
SCENE OF UNCERTAINTY.

The Break IN Missouri Pacific and
staggerer-T The General Prosperity
of the Country Not Affected by the
Speculative Dlstur Dances.
NEW YORK, Sept 25.--The business faIl4
ures during the past week number for the
United States 210. and for Canada "a. a
total Of pa failures, compared with 239 last
week. Dun's weekly review OF trade says:
"With extraordinarily favoring weather,
tobacco, as we'll as corn. has matured, and
the cotton prospect has much improved. But
while stocks were active aud rising until
Thursday there came that day a surprising
break in Missouri Pacific and Union Pacific,
with rumors that the reorganization of the
latter would be defeated, and that Missouri
Pacific would indefinitely postpone its
dividends, so that this stock fell sud-
denly about 10 per cent. Money be-
came closer, notwithstanding arrivals
and considerable further shipments Of gold
from Europe, the impression prevailing
that some large lenders would produce tenn
porary artificial pressure. None of the dis.
turbances Threaten TO affect the general
prosperity which the enormous crops now
promise, aud the failure Of house of OK.
traordinary repute and strength to sustain
the price of corn is at once proof OF ths
general prosperity.
TRADE IMPRovINc.
"Reports from other cities indicate a COM
tinuance of general improvement in trad @.
"At Philadelphia the iron market 4 me
proves and the demand for tin plates id
especially increased. Coal is dull, but
jewelry is fairly active and domestic
tobacco improved, as we'll as liquors. while
there is a fair demand for chemicals, and { ha
volume of trade In paints is good.
Improvement is seen at Galveston, at
New Orleans, where cotton slightly adj
vances and rice is steady, aud at Savannah,
where the cotton receipts are heavy Re-
ports as TO the money markets are generally
favorable. but very active at New Orleans.
COLLECTIONS FAIRLY GOOD.
Collections are fairly good almost every1
where.
"The gold receipts have as yet hardly bali
anced the large shipments to tho interior
for products and the government disburse-
ments have reached a standstill, as the
treasury now receives few bonds for ex.
tension or redemption. But several mill
lions more gold will arrive from Europe
within few days, and it is admitted
by the British authorities that the ships
ments will be large for some months to
come.
"The great industries are doing we'll
There is distinctly better demand for
iron, Without an advance in price. Copper
is stronger on larger consumption. the
distribution of tin is larger and lead Is
stronger.
THE WOOL MARKET.
Steady sales Of wool give proof Of con.
sumption equal to last years, with an un.
preoedented demand for good white flannels.
Il. ek.e - a Il
from inferior TO better goods. In cotton
goods buying is larger than for years in
many lines.
"Wheat has advanced cent, but corn
has fallen cents during the week. Cotton
is tbree~sixteenths higher, but sharp fall
Of d cents has occurred in coffee. The
earnings of the railroads are good. Crops
are moving and trunk line rates east-bound
are to be advanced q cents by the associa-
tion.u