The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-09-08
TRADE STILL. PICKING UP
THE WOOL AND IRON INDUSTRIES
FALL INTO LINE.

| Reports as to Grain and Cotton Sui
Considered Favorable by Dun 81 Co
- Cotton Goods Still in Compare
lively Light Demand-All the Specu'
lative Markets Higher-The Week'e
Failures
New YORK, Sept 7.-R. G. Dun & CO.
review of trade for the week says: THE
wool and iron industries respond at last,
though with some hesitation yet, TO the
stimulus afforded by good crop prospects
TINS news of the week as to grain and
cotton has been almost uniformally favor
| able in spite of some excess of rain in parts
| OF the south, and n little alarm about posi-
BILE frosts in the northwest. The foreign
demand for products, though slow, is inn
proving.
increased demand for wool is shown in
the higher prices for nearly all grades
Coates Circular for Sept. | reports con-
siderable speculative feeling and the aver
age OF los quotations is now 227 cents
against "a cents on Aug |. While many
manufacturing works are still idle, and the
advance IN raw material is largely based on
the belief that the clip is much below las
years, there has been a di tinct improve
inent sn tue purchasing by manufacturers,
ana In dress and knit goods mora activity.
COTTON GOODS.
THE demand for cotton goods is at pres
emu coInparatlvly light ard regular but
belief that no change of the tariff will oc-
cur THIS year removes the cbisf Gnu 50 of I'M
certain " of textile manufacturers.
In the iron trade also an improving de-
mand is felt IN all directions excsptin in
the market for steel rails. Pig iron Is firmer
mere though some southern iron is
still offered below Gu rent quotations,
and four new southern furnace, arc t be-
GIN work this month At Pitt>bu G nd-
vances of % TO 30 cents are reported. Barard
other finished iron are stronger there and
at Philadelphia, and some suacui tive DIS
poSitlon IN the pig iron market Is n ,tic4I
Cleveland also reports an Improved demand
Tor ore and better pricss Ii Is d,uht.l
whether much advance il raw iron IL pr A.
tlcable until nails ar in better d. non l.
The deliveries Of steel roll; for tn eight
months of this year have been only 710,bl2
tons, against 1.045,048 last year, but in
otner bl a lches OF the trade the demand and
feeling have clearly improved
SPECULATIVE MARKETS.
1.-THE speculative markets are hirher
wheat nearly cent, with sales of "a 900
600 bushels. and corn about a cent in spite
or excellent reports as TO the probable
yield
Cotton has risen nearly half a cent
though the best recent reports from Texas
as to the yield are confirmed, the in
1urles from recent rains in the Mississippi
states and Georgia do not appear to have
been great.
THE coffee market is half a cent higher.
with better demand. Oil is Ia cents
stronger
Sugar has advanced n sixteenth and
lard nearly half cont, though other pork
products are steady aud hogs 10 cents per
100 pounds lower. thus, in many quarters
the lnfile lce of speculative activity is seen.
ana yet the latest advice5 do not point to
any scarcity of products or OF crops.
The stock market has shared the up
ward tendency, and in spite of some reac-
tion of late, SHOWS an advance of about so
cents per share since a week ago"
EXPORTS AND IMPORTS.
"The exports from New York fall s12.-
100000 behind last years. last week report.
and ii per cent behind for the past five
weeks, so that further excess of imports
over exports is indicated
The accounts from tho interior citieS
continue decidedly favorable, differing
from each other mainly in the rate or ex-
tent of the improvement of trade As TO
collections, while some complaints appear,
ouo Se TAI oeIIol vi Ude reports is more
favorable. The increased demand for
money has caused some closenes, in the
market at Baltimore, Cleveland and Nash
vile, but at most points the supply is ample
and the demand moderate The treasury
has taken in duringsthe week 81. 1000. 600
more than it has paid out, but payments
for the 100000 of bonds purchased have
not yet been reported.
The business failures occurring through
out the country during the last week NUN
Der for the United States 1874, and for Can
ada 80. total of pa, against 226 last
week"