The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-09-12
IMPROVEMENT IN TRADE.
DUN REPORTS A BRIGHT PROS
PRCT ALL ALONG THE LINE.

A Better Feeling Found In Every Part
of the South - Enormous Receipts
Depregs the Price of Wheat - The
Great Industries Making satisfac-
tory Progress.
New York, Sept 11.-R. G. Dun &
Co.'s weekly review OF trade says: IAN
the returns of the condition of business are
encouraging There is no room for doubt
about Improvement In trade. From nearly
every city reporting there comes the same
cheering information that business is better
and the prospects brighter. The govern
ment crop report is one Of the
most favorable ever issued. 1t is
not impossible that some injuries
sustained since the detailed reports were
forwarded from different counties may re-
duce the yield somewhat below the indica-
tons of the official returns. At the south
the improvement is general, especially at
Louisville, Memphis. Savannah and Ats
lauta, and at New Orleans trade is more
active, rice being especially strong, and
money in good demand.
THE WHEAT MARKET.
] THE enormous receipts Of wheat have de-
pressed prices. Exports continue large, but
| the belief is growing that the foreign crops
| are not quite so short as has been reportei 1,
though short enough to cause an unprece-
| dented demand from this country Thus the
price Of wheat has fallen 515 cents during the
past week, with sales of only z2,OOO,OOO
bushels. The fall since the highest point in
August has been 16 cents here and 10
cents in Chicago, and this week there has
been a semi panic abroad, as the new crop
presses heavily upon the markets over
loaded with American purchases Corn de-
clined but little, and oats only l cent. Pork
products are higher and Oil about cents
lower.
THE GREAT INDUSTRIES.
1.-THE great industries are making satis-
factory progress. The weekly output Of
iron Sept l was 170,S46 tons, against 169,
SO last month, and at the same date last
year III, 776 tons. The production has been
| main tanned for three months within about
10 900 tons weekly of the largest quantity
ever reached, and the consumption
cannot be far behind, because
there is no yielding in the prices, bu3 a de-
cidedly stronger tone in the market, both
here and at Philadelphia. Larger demand
is seen for finished products, especially for
bar iron, and the plate mills are full of or
ders, but in rails no change is observed.
The prospect is better, because stocks and
bonds are in greater demand.
WOOL SELLING FAIRLY WELL.
"W col is selling fairly we'll at all impor-
| tant markets, and there IS seen a better de-
mand for dry goods. which gives much
| encouragement TO manufacturers.
1.-The financial outlook is clearer. While
the shipment of gold from Europe
was rot strictly upon an exchange
basis, the rate of sterling ex-
change has fallen to 81 $3.50 during the
week, snd the exports OF merchandise from
New York for the past two weeks have ex-
| ceeded those of the same week last year by
more than so per cent, while in imports
there appears a decrease of about 20 per
| cent
| BOND OPERATIONS.
THE government has paid out over S10,-
900. 900 for bonds not extended, and further
disbursements on the same account are ex-
pected, though the treasury is restricting
other payments for the time as far as
possible.
THE opening of Germany and Denmark
to American pork products has lifted the
price of pork half a dollar per barrel. With
the greatest crops ever grown and an I'M
precedent foreign demand for grain and
meats, the prospect must be considered un.
usually encouraging.
1.-The business failures occurring through
out the country during the past week num-
Der for the United States 1877 and for Canadt
q, total Of GA, against 2l7 last week."