The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-11-21
GOOD TIMES AT HAND.
ENORMOUS EXPORTS BRINGING IN
BARRELS OF DOODLE.

Confidence Gradually Returning to the
Holders of the Money Bags - The
Couutry's Large Industries Well En-
pIoyed - Heavy Recsipts Of Cotton
Pile Up the Stock on Hand
New YORK, Nov. 2O.-The business
failures occurring throughout the country
last week, as reported to R. G. Dun & Co..
number for the United States 252 and for
Canada 80, total Of 2s5. against 291 last
week and 266 the week previous. For the
same week last year the number was 274.
Dun's review says:
much has happened of late to depress
business and shake confidence aud yet con-
fidence is not shaken, and the volume Of
business is still close to the greatest ever
attained: The bank failures at Boston
caused scarcely ripple of excitement, and
the failure of the speculative banks at
Berlin has been industriously used to depress
stocks the past week, but the average price
Of shares is higher than a week ago.
IN A STRONG POSITION.
"This country begins TO realize that, with
only supplies of grain to keep millions IN
Europe from starvation, besides meats,
have, the United States is in a stronger po-
sition than any other nation, and iced not
quake at every European alarm. Prices
are settling dow ward, with enormous
| production, but the fact that such
| production continues shows that low prices
are not ruinous. The alarm about The
money market has passed and no disturb
| ance Is apprehended this year. The indus
tries are, on the whole, will employed, and
| it is especially noteworthy this week that
| there is a better tone in the branches OF
trade which have been most embarrassed.
REPORTS FROM THE CITIES.
"At Pittsburg the iron market is weaker.
| glass works are all in operation, and coal
/ miners have resumed.
| "At Savannah and Charleston trade is
somewhat depressed, apparently by the
very low price Of cotton. and money is
| rather tight.
| "At Jacksonville business Is very brisk,
but at Richmond dry weather prevents the
marketing of tobacco.
! Manufactures are active. The most
! stubborn iron market ever known gives sur
prise to many, for in spite Of unprecedented
| production, the prospect of some accumula-
ton of stocks does not disturb
strong markets, who reckon that
it may be as we'll for the country
to lay in AMI hold much larger stocks than
heretofore, 80 that sudden and violent
fluctuations may not be 80 readily pro-
duced Large sales of rails at the west are
reported footing up $4,000 tons In two
weeks, but the markets for other finished
products are not materially altered.
MOVEMENT OF WHEAT,
1.-The receipts of wheat at western oenters
continue at the rate of more than 600, 900
| bushels daily and the exports are also large,
/ but the price has declined 2% on sales of
| q, 600. 600 bushels
Speculation in corn is yielding, the
price being cents lower for spot, while
pork products are substantially unchanged,
and oats one-half cent higher.
"OIl has declined a cent, but sugar is a
shade stronger and coffee has risen three
| eighths on account of the Brazilian troubles,
which render commerce with that country
peculiarly uncertain.
COTTON RECEIPTS.
"The cotton receipts continue to exceed
| last years week by week, notwithstanding
| the reported shortness Of the crop, and while
| the exports for the crop year thus far are
but slightly less than a year ago, the stocks
| at the principal ports are / 200, 900 bales,
| against 600, 900 last year at the same date
| There was decline to sos cents, but the
price recovered on Liverpool buying to
| S.12 the sales here being 800, 900 bales for
| the week.
THE MONEY MARKETS.
1.-THE money markets of the country are
we'll supplied for Legitimate needs, but some
points report speculative money tight.
| Here rates on call have declined from 4 to
80 per cent, and the treasury has paid out
| during the week So, 000, 900 more than it has
| taken in, while considerable gold is still on
the way from Europe.
| THE exports of merchandise from New
| York in the three weeks of November ha:
been ,251 719 in value, against SIS, 548, 23i
last year, an increase of IS per cent. while
the imports for November thus far are
about Is per cent. smaller than year ago
which points to an enormous balance to bt
settled by other countries In specie. One
danger is that a great quantity of wheat il
now carried abroad, as well as in this coun
try, on margins and loans. and there is pos
sibility that sharp decline might cause
| oov,oa NroYh1a