The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-10-29
BIG CROPS IN THE WEST.
EUROPE NOT BUYING FREELY AND
WHEAT FILLING UP.

A Car Famine From Pittsour9 TO the
| Rocky Mountains - Manufacturers
! Crowded With Orders-The Price of
Cotton About the Same AS a Week
Ago Despite Lively Fluctuations.
New YORK, Oct. 2s.-R. G. Dun & Co.
weekly review says: There is a car famine
from PittsburR to the Rocky mountains.
This single fact shows the best and worst Of
business. The west il marketing enormous
crops, probably exceeding IN quantity all
official or unofficial estimates, but Europe
is buying but moderately.
The distribution OF manufactured prod
ucts is larger than It has ever been, and
manufacturers are crowded with orders,
while the approach of the presidential
election does not interfere perceptibly with
legitimate trade.
wHEAT's Low PRICE.
wheat Is selling at the lowest price ever
known in New York. Many years ago IL
touched 76 cents one day but the quotation Is
now 1851 cents for October delivery. The re-
ceipts at western ports have been 6.3OOOOO
bushels in four days and more than $4,000
900 bushels 10 four weeks, while the exports
from he Atlantic ports In four days have
been $4,000 bushels. TIE price here has
declined q cents, and the opin on steadily
gains ground that all the estimates OF the
crop have been below the truth.
CoTToN's FLUCTUATIONS.
1.-THE price of cotton is the same as week
ago, after large sales and considerable nue.
tuations, the receipts being comparatively
small, while reports OF frost in some south
ern states helped speculAtors for an advance.
"At Philadelphia the iron trade improves,
business at Baltimore is larger than last
year, and money easy.
"a Jump IN the prices OF soft steel is
seen at ri tsburg, but the glass trade is not
IN good condition.
"Business at st. Louis Is strong. except in
winter clothing and woolen goods. she grain
receipts being remarkably large.
AT Little Rock the outlook is gloomy,
but at Louisville trade Is satisfactory and
steady; at Memphis, though. 1t Is below the
normal average.
''Bus. ness 10 fair at Nashville, but some
what quiet at Now Orleans owing 10 labor
troubles.
BOOTS AND sHoxs.
Though II 10 not tho season for especial
activity In boots and shoes, it Ia stated that
not for years has there been such demand.
Manufacturers OF women's shoes are
especially driven to their utmost capacity.
The shipments for the week have been
20 900 cases, against &c, 900 last year.
"The demand for paper 70 90 large that the
prices of fine quality have risen | cent, aud
book paper from ons-quarter to half a cent,
With the prospect Of a further advance on
account Of the scarcity and demand.
Print cloths and some grades Of cotton
goods have advanced.
STRUCTURAL iron lie in great demand, and
sheets are very &C i've as we'll as plates, bus
bar il bus moderately active, and rails re-
markably dull. The stocks of pig iron are
shrinking and prices are frmer, iuthern
producers finding less occasion to crowd
down the market in order to dispose of their
products.
EXPORTS LIGHT.
The exports OF domestic products oon-
tinue much below last year in value, as is
natural, the decrease at New York for four
weeks being about 20 per cent. Imports
continue remarkably large and the treas
ury receipts SO heavy that the stock Of gold
has increased 81 300, 900 and OF silver 81
100000, while 81. zoo, 900 more paper was
put OUT.
"The business failures occurring through
out the country during the past week num-
Der for the United States 1877 and for
Canada 20, or a total OF 1877, as against 255
for the corresponding week last year"