Savannah morning news. [volume] (Savannah) 1868-1887, 1886-10-11
TRADE PROSPECTS.
An Unprecedented Rush of Ordepa
in NearI% Every Line.

An Unprecedented Rush of Orders
in Nearly Every Line.
PHILADELPHIA, Oct. 1O-There is an
unprecedented rush Of orders for mer-
chandise and material in all branches.
Prices are pointing upward, but as YET
there has been no general advance. Busi~
ness men are apprehensive Of it and are
preparing for it by order ing goods ahead
This is especially true in the dry goods
trade, also in umber, iron, steel, cloth
ing and in general merchandise and mas
chinery. Many OF the larger machine,
shops are sold up three to four months.
The mills making dress goods, silk goods
hosiery, silk. wooden and wOTsted and the
mills on worsted and wooden cloth are all
oversold and overcrowded. Twenty mil-
lion pounds Of Western and foreign woolsi
have been contracted for TO be delivered
through the fall and winter, and fur
ther advance is probable. Jobbers are
unable to obtain supplies fast enough.
Manufacturers are running full time
here and all through New England, and
are able TO keep up. Hides will decline
in price and leather will advance.
Business is crowding in. Rail makers
are getting $34 for rails TO be made next
spring. The bridge iron makers are all
~
Pig iron is getting scarce, even with a
production OF 10000 tons per week.
There are sufficient supplies TO keep
prices from advancing much. II any
White pine and yellow pine are pouring
into Atlantic markets. and wholesalers
are handling at steady, but lot high,
prices. Hemlock is $l1 90.
The anthracite combination has ad-
vaDced prices on consumers and will
xy1 Lnr hI af nd
very active. Business is improving
rapidly, and the consumption will be-
ahead OF any former year. Last weeks
returns from sixty railroads show sur
prIsing increase in earnings. Foreign
bond and stockholders contemplate heavy
purchases here soon. Traffic is rapidly
Increasing. Large quantities OF railway
material, rails, locomotives aud care, be-
sides lumber, have been ordered. From
all Industrial centres reports OF great
activity are received and the threatening
up ward tendency in prices 10 more omin-
Gus. The producing interests seem to
fear an advance, strange as II may seem,
aud are fighting against it in
all quarters, lest Overproduotion may
swamp our industries as IL dId four years
ago. Capitalists are greatly encouraged.
Several syndicates have been formed to
prosecute great enterprises, also several
Important trade combinations have been
quietly formed, and more are talked Of.
Every industry is preparing for some
thing to happen. The latest wheat and
corn reports are favorable. Cereal ex-
ports are moderate. Leather exports ior
eight months have fallen OF, and boot and
sEoe exports have increased. Large in-
vestments will be made IN the West and
South next spring. Combinations are
now being entered into IN Philadelphia
! aud New YORK looking 10 industrial ex-
! pansion and railroad extension on scale
OF unurecedented magnitude.
Its 10 the interest Of the governing
powers OF Europe to have continental
war, and diplomacy is playing Its tricks
| TO that end. Labor was never more gem
orally employed, and as a rule as well
paid as now, but there are million per-
sons within twentv-four hours OF the poor
house after all. The Richmond conven,
ton OF knights will strengthen the labor
movement, and the outcome viii in time
| be the formation OF a Labor Congress Tor
advisory purposes. A fresh anG wide-
spread labor agitation is probable next
| spring.