Savannah morning news. [volume] (Savannah) 1868-1887, 1885-12-29
REruRNING pRosPERrrY.
Manufacturers in Nearly Every Line
Looking Tor Better Times.

Manufacturers in Nearly Every Line
Looking Tor Better Times.
/ PHILADELPHIA, Dec. 2S.--Phenomenal
/ activity in the iron trade has impaired a
great deal OF confidence to manufacturing
interests in every direction. Tho upward
tendency in prices mas brought out good
many buyers Of all kinds Of material.
Within a few days merchant iron has adj
VanCed - per ton. Construction iron Is
IN more active demand and frmer. Nails
have declined 10 cents per keg. Crude
IRON has advanced from so cents TO 81 90
per ton and heavy orders are being placed
sooner than usual. Scarcity is apparent
for the better brands and both Northern
and Southern furnace managers are look
ing for brisk demand during the first
quarter Of the year. The reason OF the
improvement is that rail buyers began
four months ago to buy heavily. This
created a demand for Bessemer pig, which
in turn stimulated an unusual demand
for ore.
ORES HIGHER.
Ore has advanced and is now light in
supply. The demand for Bessemer was
followed by an active demand for forge,
and this in TURN has affected finished iron.
Inquiries are now in the market for be-
tween forty and fifty thousand tons of
SLA uCbuld al duu pidtS run loI bIAubc anu
building purposes, and Tor fifty or sixty
thousand tons OF steel rails. Besides
this, there is a general inquiry for build
ing material, though heavy transactions
will not likely take place until next
month. Enough nail machines are now
at work to meet the winter demand.
BOOTS AND SHOES
Boot aud shoe manufacturers here and
in Massachusetts have booked several
large orders within a few days, and a
very active winter Is now assured. The
demand Tor leather has not yet set in, but
the highest range of prices for two years
are assured for the winter. Hides are in
active demand.
Orders for 100 locomotives have been
placed since Dec. aud orders for about
200 will be placed during January. Rail-
way manufacturers are now completing
their estimates. Orders for between 1000
and 5000 cars will be placedduring Janu-
airy, besides fair orders for ear wheels and
variety OF railway material.
TEXTILE FABRICS.
Extensive preparations for increased
production IN textile mills have been COM
pleted, and under the higher range OF
prices now prevailing a heavier demand
Tor staple products is assured. Heavy
orders for carpeting are already received,
shipment. Hosiery mills will resume full
time in January. Manufacturers OF tex
tile machinery are in receipt OF orders for
additional work to be erected between
Jan. l aud March 1.
Arrivals of lumber during the past six
days have been Unexpectedly large.
Builders in New York and Philadelphia
markets have placed large orders for hem
lock, white and yellow pine, besides fair
orders for walnut and cherry.
CONFIDENCE REvIvING.
There is a strong confidence in the per-
manency OF prices, and the policy OF man
ufacturers, builders and railway mana
gers has been already indicated by the
number OF orders placed during the
past two weeks for material to
be supplied during the first three
or four months of the new year.
The anthracite companies are prepar-
ing for a restricted output during the first
quarter OF the year, in order to preserve
the highest possible range ofprices. The
bitumiu0us operators have closed con-
tracts and have the promises for large
shipments during the winter, and expect
to close more contracts during January
for much larger shipments than were
made last winter.
The banks are less inclined to extend
financial accommodations on ordinary
commercial paper.