Savannah morning news. [volume] (Savannah) 1868-1887, 1885-11-03
INDUSTRIES OUTLOOK.
An Active Work IN the Lumber Trade
Roots and Shoes.


PHILADELPHIA, Nov. "A somewhat
general movement on the part OF users OF
iron and steel developed itself this week
in New York, Pennsy lyania and Lake
Markets. Sales CT over 100000 tons OF
steel rails were made at $50 TO $32.
Bridge, plate, bar and wrought pipe iron
were ordered literally. Nails continue
scarce, and unless the West resumes a
further advance VIII result. Merchant
steel for machine shop, tool shop, railroad
shop and implement use VIII not adj
vance, no matter how active the demand.
The week mas been very active in the
lumber trade because OF the stocking up
by wholesalers and retailers for winter in
white pine and yellow pine, hemlocl and
most Of the bard woods. Prices all through
are firm, and if moderate logging is done
this winter, lumber Will open firm in the
spring, but a very heavy log crop viii
probably weaken prices.
WOOL LESS ACTIVE.
Wool OF medium and low grade varie-
ties is less active, because manufacturers
have purchased nearly all they desire.
Prices Of products forbid higher wool.
Carpet manufacturers viii curtail pro-
ducti0n this winter, aud advance prices
DC. per yard on the spring trade. The
print cloth manufacturers have proposed
10 pool all their cloth, and "a committee is
now pertectng plans 10 pool and restrict
ana. II possible, advance prices. Exports
OF cotton goods have increased from 70 062
packages in 1916 TO oct. J. up to Ij5,u69
packages mp to oct. /, 1850. A large
clearing ont of dry goods viii be made by
New England corporations this month al
low prices 10 make favorable reports Dee.
J. in hosiery. Jerseys are well sold up
and scarce. and kuIt underwear Is sold
ahead OF supply. Clothing manufacturers
are quietirg down after the heaviest sea
son for years, and bargains in stock rem
nanls are to be had.
Movements in general merchandise are
more restricted. Wholesalers and manu-
facturers are preparingltor spring stocks.
BOOTS AND SHOES.
Boot and shoe acturers are still
fun OF season orders. Massachusetts
so far this year are 2,29O379
cases against 2,223,0Sl cases. same time
last year, an increase Of 81 POS cases. At
New York and Philadelphia orders are
freely, but tor smaller lots and
prices show no weakness. Manufacture
ers have instructed jObbers that prices
are 40 with . off for rubber boots and
shoes.
Anthracite coal has advanced 10 to 25c.
per ton, to take effect to-day. Full pro-
ductiOn is absorbed. Bltumin0us is
in price in lake and river mar
Sets under a generally healthier manu-
featuring condition. Buyers large and
small are are hndiug it advisable to place
reasonable orders, put there is no posi-
Olhty OF any serious advance.
THE SURPLUS RESERVE.
The volume of the surplus reserve in
Boston, New York and Philadelphia
banks has declined S40.000,000 in ninety
lays, due TO the increased demands for
that amount OF capital. Labor 10 gener-
ally better paid than during the summer
and less complaint is made in mechanical
employments Of unemployment.
Trade combinations VIII be attemuted
this winter on an extensive scale in order
to reduce the output and enter the spring
trade under more favorable conditions.
But while some success may be met with,
the probabilities point to a long era Of
moderate and, in most branches, declin-
ing prices, because of the increase Of
capacity in all manufac-
turing States and TO the increased agri-
cultural production.