The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-10-08
TRADES HORIZON BRIGHT
BIGGER PRICES FOR COTTON HELP
ING TIE SOUTH.

Business Also More Active at the West
and Only slightly Retarded at the
! East-Speculation in Cotton Reported
Exceedingly Active During the Past
/ Few Days.
New YoRK, Oct. 7.-R. G. Dun & Co. s
! weekly review Of trade says: THE first
week Of O,tober shows more activity in
spite Of the near approach Of the presi-
/ Dental election. Business is distinctly bet
ter at the south on account of the improve
ment IN the price of cotton, more active at
tue west, with improved crop prospects and
only slightly retarded at the east. The ex-
pected reaction from the extreme low price
Of cotton helps business at the south, and
although wheat is low in price It is a little
higher than it was week ago. In general
speculation has disturbed Legitimate trade
much less during the past quarter than Is
usual at this season, although the TRANSACT
tons in cotton have been exceedingly heavy.
Business is brighter at Baltimore, and
the packing trade opens with great promise,
while building transactions are heavy.
'At Pitusburg manufactured iron is quite
active and in large demand at well sup
ported prices, while business in glass is fair;
but the strike OF the coal miners embar-
raises the Monongahela trade.
NEARLY all the southern cities report
better trade, though at Little Rock the crop
prospects are not considered encouraging.
Cuisines at Louisville is improving,
with large sales Of tobacco, at nashville
trade is fair and at Memphis improving,
and decided improvement is noted at New
Orleans with the better prices for cotton
and very good collections.
THE IRON INDUSTRY.
1.-THE iron industry ls doing we'll Not
withstanding the resumption OF work by
many establishments which were idle long
time on account of strikes, the consumption
of pig iron apparently exceeds the producH
ton and the demand gives a decidedly sitter
tone TO the marEet. Bar iron Is still disap-
pointing and rails very dull, but the de-
mand for structural iron keeps works busy
and plate works are surprisingly active.
While the output Of pig iron is not as
large as it was few months ago, the CON
sumption is probably larger and the trade
in more healthy condition.
Perhaps the textile industries were
never more prosperous than they are now,
for while prices are remarkably low, the
demand for goods is large and urgent, aud
works are crowded with orders. There are
signs of improvement in the prices of cotton
goods and sales of wool continue heavy.
SPECULATION IN COTTON
sit is not satisfactory symptom that the
speculation in cotton is enormous, the sales
at this city amounting to ,239. 900 bales last
week, with an advance of half cent in price.
Yet the exports Of cotton are not large and
and Of all domestic products the value ex-
ported last week was only IS ,4S3, SAP against
S9.76S, $50 for the same week last
year. Considering the great increase in the
imports of merchandise, the state Of foreign
trade is hardly encouraging. While the
imports are in part of materials for manu-
facture, there Is also quite a noteworthy in
crease in the imports Of dutiable articles.
1.-The treasury continues to accumulate
gold, having added to its stock 81, 800, 600
during the past week and $7OO, 900 silver,
but it has put into circulation about So ,Oo0,-
900 more paper Of various kinds. Although
the circulation of money decreased in Sep
TENDER, there is no indication as yet that
the money markets in any part of the
country are insufficiently supplied.
THE business failures occurring through
out the country during the past week num-
Der for the United States 1874 For the cor
responding week last year the number was
240.