The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-10-31
DUN'S REVIEW OF TRADE
TIE IMPROVEMENT IN BUSINESS
CONTINUES.

! Encouragement in Some Branches of
Industry Not Diminished-A Ten
dsncy to Reaction Noticeable in the
| Stock MISREPRESENTATION in Bread
stuffs Again Stimulated-A Change
| of Tone in the Iron Market.
| New YORK, Oct. 3O-Dun's weekly re-
view OF trade says: 1.-The failures occurring
during the past seven days number, for
the United States, 207, and for Canada, As;
compared with total of 249 last week and
259 the week previous. The corresponding
week last year had 2lS, representing 100
failures in the United States and % in
Canada.
1.-THE improvement in business continues.
1t is greater than before at the west, con-
siderable at the south, and is clearly per-
ceived even at the east. Yet discourage
mont in some branches OF industry is not
less, but more apparent than before, evil
IDENTIFY because cal lulations have been made
upon more rapid and greater increase in
business than has been realized. Prema.
ture expansion in some forms of pro iuction
and OF trade has invited the usual incorrect
view, aud depression exists which is 80
general that it might easily be misinter-
preted
THE SPECULATIVE MARKETS.
''In the speculative markets q tendency
to reaction in stocks has prevailed. The Bank
OF England has advanced its rate Of interest.
and gold imports have been, for the time
being, checked The reported prohibition
OF wheat exports by Russia has stimulated
speculation in breadstuffs. which again
Threatens to Interrupt the free marketing Of
products. The iron industry showsisthe
most change, for following the large in
crease OF output last month there has come
decided change of tone. Extreme anx-
iety TO sell pig iron and financial weakness
in unexpected quarters, produce a present
depression, which is in curious contrast
with the Astounding confidence which pre-
walls regarding the future.
SALES OF RAILS.
additional sales of rails are reported Of
% 600 tons at the east and 81, 600 at the west,
but bar mills find lack of orders, plate
mills have a fair business at the lowest
prices ever recorded and structural iron is
irregular and also very low. The anthracite
tSs rr market I, 6 more cheerful Snu
81 COS ,975 tons, or 3,059,447 more than last
year to date. The dress goods market is
| active and the works well employed, though
| narrow margins Of profit. The cotton mills
| have increasing business in tancies. but the
| trade in staples is falling off and buyers
urge that lower prices are 1ustlneo by the de-
| clinsiu raw cotton. Y ct the southern demand
| is better and trade on the whole is fairly
| good.
REPORTS FROM OTHER CITIES.
"Reports from other cities are decidedly
more encouraging than usual, though at the
east the improvement is not rapid. At
most southern points general trade i'm
proves, but at Charleston money is still
tight.
Wheat rises cents without excuse, and
speculative manipulation has hoiSted
corn cents. but pork products are shade
lower. and cotton declines one sixteenth of
cent with continuing heavy receipts.
Oil has fallen three~eighths of cent, but
coffee is a shade stronger and sugar IN
changed. No fears are entertained OF mon
| etary pressure, for it is not believed that the
advance in rates by the Bank Of England
can much diminish the shipments of gold TO
this country. For the time it caused some
selling Of American securities on foreign
| account, but the market was stronger after
ward
The treasury has put out 81, 500, 900
more new treasury notes, but has taken in
the same amount Of other forms of money
Throughout the east and west and at most
southern points the money markets are well
supplied for legitimate business and rates
| tend lower, while collections improve to
some extent almost everywhere, but
| especially at the principal western points"