Savannah morning news. [volume] (Savannah) 1868-1887, 1886-02-02
TRADE PROSPECTS.
The Regular Weekly Review of the Out
look at Fhiladel

The KsKuiar Weekly Review of the Out
look at p hiladeip hia.
PHILADELPHIA, Feb. l.-Pennsylvauis
and New York iron brokers called to-day
TO Liverpool and London tor old nails,
aggregating 10000 tons, II deliveries
could be made ON this side at $23, and
for between twenty and thirty thousand
tons OF Bessemer pig, at prices equal to
$40. Large orders have Just been placed
for tin plate, pig iron, steel wire rods and
tin. Iron and steel makers made in
quiTies this week for large quantities OF
material, in view of the strengthening in
prices, which they apprehend is likely to
lead to an advance IN prices within thirty
days. In some quarters no apprehens ons
whatever are felt OF any permanent ad-
vance in prices on account of the enOr-
nous capacity for iron and steel making,
which il kept at its maximum limits for
few months will supply the heaviest
possible requirements. Merchant iron
is firm. Nails are declining, and are
selling today at 81 20. steel rails are
SS4 to $35. II was given out to-day that
10000 tons OF bridge iron will be placed
in February for bridge work, TO be erect
ed during the coming summer.
TEXTILE MARKETS.
The textile workers OF New England have
succeeded in establishing two weeks pay,
in advancing wages 8 TO 10 per cent, and
In good many cases establishing arbi.
tratiOn as a means OF settling future labor
disputes. Sales ot wool in the three lead
ing wool markets Of the East reached
100000 pounds for the past week, and
manufacturers are picking up supplies
wherever they can b. found.
Tho fnXfilQ MAMMA tturnra making
carpets, wooden and worsted goods,
hosiery and knit gOOds, cloth and cloth
ing, are everywhere busy with orders in
hand, or that thew expect to receive with
in thirty days. Everything is OF favor
able character in the textile interests and
NEW MACHINERY.
Within thirty days more new machin-
cry VIII be put into place In this city and
New York than has been placed in posi-
ton for four or five months previously.
All textile products W II command prices
ransing from 10 to 20 per cent. higher
than last year wherein wool is the princ-
pal material. Notwithstanding the up
ward tendency in raw material and
flushed products travelling agents in the
South aud West are sending in larger
orders than they did twelve months ago.
The complications in the anthracite
coal combination, It is given out to-day,
will be settled within a week. Sew raj
eff rts have been made to establish a
bitununous coal pool, hut the refusal OF
the Pennsylvania Company TO Cooperate
and its known determination tOlook alter
its own ceal and traffic interests is giving
all competitors a good deal of concern.
This, hoW ever, promises the small opera
tors in the interior of the state bat very
little ADVANTAGE, as it is the programme
to double them up one by one and ultim-
atelY place the titumin0us coal Interests
in the central portion of the State in the
hands OF the few. ....,
,rr. THE PAPER MILLS.
The paper mills throughout the New
England aud Middle States are iucreas-
ing their production OF all kindsof paper.
But prices have not c0rreSpOndingly adj
Vaneed. the improvement 10 taken up
by the Increased cost Ct raw IN aterial.
Manufacturers are anticipating a very
heavy year as buyers of paper of all
kinds are pushing the policy of carrying
heavier stocks than last year. Prices
range about . per cent. below those of
twelve months ago, and Is per cent. be-
.ow those of two years ago.
The boot and shoe makers OF Philadel-
phia nave more orders on hand at this
time than a year ago. Southern trade is
poor and Western trade is good. Morocco
l atner is bought up promptly and manu-
fac urers are carrying liberal supplies of
leather. The Cincinnati tanners have
advanced prices SC. per pound. st..
Louis tanners have advanced leather a
second time. Several strikes are in pro-
gress in New Engla I'd, but gradual pro-
gress is being made to establish perma-
nently harmonious relations through ar
duration methods.
THE LUMBER TRADE,
Lumber OF all kinds, especially the
hardWoOds, Will, from present indications,
be in heavy demand throughout the ccm-
ing year, obut wholesalers along the AT.
lantic coast are defprrlng placing of or
ders until every element OF uncertainty
as to demand will be removed. Prices are
firm but will likely weaken, as The lOggers
are-intending 10 throw maximum supply
on the market. .as
The architects OF New York and Phila-
deiphia report this week a larger amount
OF business in hand than last year. A
stimulus will be impaired to the erection
of manufactures, particularly in the Md
die States, by the increasing tendency Of
manufacturers " BIO locate nearer to sup
plies OF fuel. Several textile mills viii
be started in Eastern Pennsylvania, fur
niture factories in the lumber region o.
Pennsylvania, sash and door mills nearer
to the forest, and a variety Of general
manufacturing interests nearer to the
natural gas fields.