Savannah morning news. [volume] (Savannah) 1868-1887, 1885-10-09
TRADE REVIVAL.
Steel Rails in Lively Demand-A Giant
PoOi Projected.


PHILADELPHIA, Oct. S.-The past week
has been one OF the most active in the
iron trade in all markets from Boston to
st. Louis. In PeDnsylvania markets 30,-
600 tons of steel rails were sold, and in
quiries are in hand for 150, 600 tons, which
will be paced duting the next two or
three weeks. Meetings Of railroad pro-
jectors have been held, aud the initiatory
steps have been taken for the Inaugural
ton ofrailway building in the West and
Northwest, conditional upon the contin n
ued improvement of traffic in demand
prices and general business. The outlook
Continues to improve. Nails, wrought
pipe, plate iron and bridge material are
particularly strong, and mills are all full.
Crude iron is rather weak In view OF the
prospective Increasing supply from turna-
ces preparing to blow in. Bar iron is
$1.50 to $1.70, nails $2.20 to $240, sheet
iron So % to $3.50, steel rails $50 to $3l.
Building material and staple hardware is
in abundant supply in all markets and
consumption is very heavy.
The developments in the lumber mar
kets from Portland to Chicago, during the
week, show an increased demand for the
better grades OF white and yellow pine
With slight upward tendency OF prices,
hut the abundant offerings Will
likely depress prices. Yards are
well supplied everywhere, but
the cut rates from the Northwest and
from Louisville over the Baltimore and
Ohio is likely to lead to heavier deliver
les. Hard woods of all kinds are tirmer
in price.
THE TEXTILE MARKETS.
In the textile markets a gigantic pool is
projected among print cloth manutactur-
ers, whereby all print cloths Will be sold
through one single agency. This is done
to advance prices on print cloths, but all
previous efforts of this kind have failed.
Sales have slightly fallen off in Boston,
New York and Philadelphia and factories
are not receiving quite so many orders.
Winter goods are in active demand from
Jobbers and mills are actively preparing
FOR their spring samples. Carpetings are
very active and prices are firmly held.
The deliveries Of cotton goods on old or
ders for Western and Southwestern dis
tributing points are heavy. Stocks Of
cotton goods in agents hands are becom-
ing lighter. WOolen goods orders have
kept all mills running about three months.
The hosiery mills are crowded with Or
ders and prices have slightly advanced
Tor the better makes, owing TO the in
creased price of wool. The most desir-
able styles of Jerseys and fancy knit WOOL
ems are being ordered Literally for future
delivery
A general advance is being made in the
rate OF wages in the textile factories, ma
chine shops, foundries, and host Of
smaller manufacturing establishments in
Philadelphia, New York, and throughout
New England towns and cities.
THE DEMAND FOR COAL.
The winter demand for coal is now COM
ing in, and prices for bituminOus in West
ern markets are firmer. though not higher
In Eastern markets anthracite is being
sold in larger quantities at lowest sum-
mer prices. The tull 100000 ton allot-
ment will be readily marketed. The
Western markets are taking larger sup
plies. The capacity Of the bitumiuOus
fields Is abundantly sufficient TO meet
every requirement likely 10 be made, and
very little advance in selling prices need
be looked for during the winter.
Indications point to an increasing de-
mand for railway material from steel
rails down 10 hardware. The railroad
companies have been pursuing an ex-
tremely economical policy during the past
twelve months, but there are Indications
on the surface now that the settle
ment Of trunk line differences and the dis
appearance OF bitter com petition general
~, Will result In increased earnings and
stimulate an expansion Of demand which
will be felt by the industries large and
small throughout the country.
The decline In commercial failures as
well as in the volume Of liabilities, c0u-
pied with the generally expanding de-
m8nd, abundance Of money, good crops,
and the general emp mployment OF tue masses,
are the salient favorable features in the
commercial and industrial situation at
this writing.