Savannah morning news. [volume] (Savannah) 1868-1887, 1886-01-13
TgE BOOM IN IRON AND STEEL.

~
large transactions Reported In These
commodities During the Past Week.
PHILADELPHIA, Jan. 10.-The booming
ootivitv for which the iron AID steel max
crs hare been praying for the last two
Years has seemingly come upon them az
isst and finds them with light stocks and
,mnroyed manufacturing capacity. Dur
ing the depression great deal OF ingenu-
80, has heen extended in improving mill
,anacity of all kinds, by which The Cost oil
rr6duction can be reduced. The manu-
lecturers of the United states Wtli teSii@e
,srv liberal margins during the coming
Twelve months, which Will 20 far 10 com-
-ansate Tor the unsatisfactory results OF
Inc mast wear or two. During the past
eek between 10000 and 10000 tons Of
steel rails have been contracted Tor al an
,varage Of S35. Sales of $4,000 to l0,VOO
rons of bridge iron have been made TOT
ridge work East and West. The south
f-n pool roads are in the market Tor large
supplies Of steel rails, bridge IRON anu
machine shop requirements, lnciuulhg
lathes tools, drill presses and power nam
mers.
FURTHER ADVANCE
Il. likely to take place in steel nails, old
THlIa. merchant Uhls iiGANheib "NS~N
mig iron, All the mills are pretty we'll
sold ND, but the policy OF the iron trade
hereafter will be to permit prices TO De
rrowded ND rather than to lead IN tnaJ
fort. The productive capacity OF the
ia furnaces in blast is $4,000 tons per
week. The capacity of the furnaces not
m blast is $4,000 tons per week. A great
deal of this capacity can never be en-
Moved. owing to the ability of the more
Furnnnnq make
ron cheaper. The bar iron meeting at
phiIadeiUhia this week will be attended
1v over 100, and will be the most import
ant meeting In the iron trade for several
wears. Railroad builders and manuiac-
,lIrers and consumers of iron and steel
material generally are apprehensiYe OF
A GENERAL ADVANCE IN PRICES.
Tbegeneral tendency ofprices in the long
MN is in the downward direction rather
tDan upward, and any undue advance
at this time would simply act as a retard-
ing influence upon The enterprise and
close IN avenues for the employment OF
capital that are now kindly opening. The
coasumptive capacity of the country is
increasing. Repairing requirements are
anormOus and if we are saved from the
disaster OF a boom, growing out Of the
anxiety on the part of consumers to pur-
chase ahead, the country will enjoy year
o. exceptional prosperity.
BOOTS AND SHOES.
The boot and shoe manufacturers have
more orders now than they have had for
three years at this date. The Pniladt lphia
shops are crowded with orders for all kinds
o spring and summer wear, and the traV-
ling agents are sending in very good res
ports because OF the depleted condition Of
stocks throughout the West and South and
the anxiety OF retailers to order ahead. The
aggregate sales of wool in this market
Tor the past week were 700, 600 pounds and
further advance is at hand. Supplies
are found to be moderate in all wool CEN
Tres. Stocks in the interior are generally
exhausted.
WOODEN YARNS HAVE ADVANCED
from TO 15c. per pound more than three
weeks ago, and low aud medium wool
warns have advanced D to 10c. within 80
DAYS. Stocks OF wool in New York, Phil
adephia and Boston are estimated at
5000, 600 TO 36, 100000 pounds. The tex
t.le manufacturers of this city are crowd
ing capacity of all kinds, because of the
incoming of orders larger than antlci-
uated. Manufacturers have started out
with the lowest prices consistent with the
increased value of raw material, but Will
probably take advantage OF the improving
4 demand to put prices up later IN the sea-
4 with orders for the spring and summer
trade.
THE COAL TRADE IS INERT,
No agreement has yet been made by the
anthracite companies. The Pennsylya-
MIA company is periecting facilities in
Maryland for competing active
lY with the anthracite and
hituminOUs coal interests of
Pennsylvania and West Virginia and in
TIE hard aud soft coal trade In all mar
sets that can be reached by water.
lumber markets are well stocked with
1emlock, white and yellow pine, but the
hard woods are in limited supply, al
though orders are being placed both in
Western and Southern markets for rail
shipments for March.
The Philadelphia architects are buster
al this time than they have been for taree
Years, and have instructions from build
ais and investors TO prosecute drawings
md plans upG a vast amount Of work.
During the past year 1900 buildings were
clccted in esoess OF the number in 1884,
and from present indications the building
u activity OF 1886 will reach beyond that Of
f.. Ma