The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-07-25
BUSINESS GROWS BETTER
MORE ACTUAL TRADE AND MOaB
GENERAL CONFIDENCE.

The Monetary Situation No Clearer
and Wall Street Growing Apprehen-
sive-Speculation in Food Products
SpringinR Up-Trade Reports, How
ever, Continue More Favorable Than
Week Ago.
New YORK, July 24.-The business fall
ures occurring throughout the country dur
ing the last week, as reported to r. G. Dun
& Co.. mercantile agency, number for the
United States 23l, and for Canada %;
total Of 254 against 274 last week.
r. g. Dun 81 Cos. weekly review sayss
"Some Improvement IN the business sltua-
tion is still noted. There is more actual
trade in most of the leading branches and
more general confidence as to ths
future. But the monetary situa~
tion does not grow clearer and the
decline in.stocks, Notwithstanding the great
dullness aud with enormous crops coming,
marks the feeling Of Wall street that diff.
culties may be not far ahead. The average
decline in active stocks has been 81 81 per
share for the week.
SPECULATION IN Products.
Speculation in products is springiug
up, which threatens to make trouble when
the crop movement become large The dis<
tribution of circulars, which is enormous i'm
number from Minnesota and Washington.
professedly by tho farmers alliance, advis-
ing all farmers to hold their wheat, does
not yet affect the actual receipts, but has
stimulated speoulators to buy largely in
expectation of boom, and much mony has
already been locked up in carrying acoumu>
lating stocks. With the utmost freedom in
the movement of wheat, the recovery from
Europe of the S7o,0Q0,0O0 Of gold shipped
this year would be difficult, but with wheat
exports checked fer some IN hs the sea- ty
OF money would be felt IN AL tne markevs
and in all branches Of industry.
TRADE REPORTS FAVORABLE.
1.-THE reports OF the condition Of trade are
generally more favorable than a week ago.
At the west the crop prospects stimulate
everywhere. At the south little change is
noted and money is generally tight and
trade Inactive. Crop prospects decidedly i'm
prove in Alabama. Sugar is active and firm
at New Orleans and trade holds its own at
| Savannah. The suspension Of a bank at
Palatka causes some depression in trade
there, but heavy purchases Of tobacco at
| Key West show unusual activity in cigar
| making. Business In Florida is more prom
ising than last year.
| CoTToNS DECLINE.
| "Cotton has fallen 9-S cents to 8 cents for
| spot with sales Of Cos 900 bales, an enorm.
| GUS trade for the season. The average prices
| of all commodities have fallen | "a per cent.
during the week.
"'Ehe great industries show Improvement
in wool and leather manufacture, but no
signs Of recovery in iron or coal. The de-
precision in lron is serious though prices
are. on the whole, but little changed Never-
theless some shading is seen, aud at New
York reports of cutting in southern
iron are numerous. Rails are staguant, the
shipments TO July being but Asa, 423 tons.
Little is doing In bar iron and plates are
very quiet. The market for structural iron
is disappointing. Contracts are expected
for six seagoing steamers and some bridge
contracts are made at very low prices.
THE WOOL TRADE.
''In the wool trade larger sales at eastern
cities and continued large receipts at the
west reflect the improvement, which bet
ter demand for dry goods naturally causes.
| Considerable improvement is seen In the
sales Of fall and winter woolens, and some
activity for the season in spring goods.
Leather is awakening, and manufac@
turers are laying in stocks more literally.
The boot and shoe prospect at the south and
west is excellent and Boston shipments
again exceed last years. But the money
markets at the west show increasing de-
mand, and at some points approaching
stringency is felt and collections are not ou
the whole good for the season."