The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-12-03
COTTON MILLS IN LUCK.
Everything Favorable for O Success
full Year

ful Yeer.
NEW YORK, Dec. 2.-Brddstresrs TO-
morrow will say: THE features of the
week are the exceptionally favorable POSI-
tion OF cotton mills north and south; she
heavy advance in the price Of print clothes
with an outlook for further advance 60
AZ cents per yard; increased currency az
the south due to the higher price OF cotton,
and the reaction In the asking prices for
some grades of pig iron OF 25 cents per ton
in northern markets and so cents per ton on
steel billets
"The severe Pacific coast storm interferes
with trade temporarily. There has beon a
clearance of a cargo of barley for London
and another, with general merchandise, TO
the west coast Of South America.
-Four Of the Augusta, GA shirtinR and
drill mills report large business and good
profits last year, and this year the outlook
is for continued strong demand. No
reasonable advance in the price of cotton
can now curtail prices materially. So far
as reported to BrdGstreets the mill owners
at the south evidently have fair stocks of
low-priced cotton on hand.
Our Boston correspondents wires that
cotton goods manufacturers have stocks Of
scent cotton large enough to carry them
TO April 10, and contracts for enough work
from to 10 cents to keep them busy until
the middle OF June, 1898. A few mills have
contracted ahead for an entire year.
WOOL QUIET.
Wool is very quiet; prices barely steady
and no trading. Cur Australian takings
are only one-hnlf those of a year ago.
Cotton reacted somewhat from the re-
cent highest quotations, due TO realizing
sales. Opinions south as we'll as north have
been expressed that the short crop calcu-
lators may be discouuting the reduced yield
too heavily.
''Some fabrics, even prints are less active
than print cloths; woolens are quiet
" Philadelphia worsteds spinners report
business dull. The advance ia ingram car
pets is maintained
"Throughout the south, as indicated by
advices from Galveston, Birmingham, New
Orleans, Augusta. Atlanta, Charleston,
Richmond and Memphis, all fancy gro
specialties are in demand. with other
Wholesale lines relatively quiet. There is o
good demand for rice. which 10 lower.
COLLECTIONS GOOD.
Mercantile collections are soid 70 be
good generally. except whore the cotton
crop is exceptionally short.
Baltimore and st. Louis report fair alE-
ing In orders from che south, 4t. Louis
adding that spring orders for furniture,
oak, sole leather and shoes are making trade
quite active
EFFECT OF GoULD's DEATH.
"Mr. Gould's death resulted fn cousidora
bic stock market activity, but anticipate ons
of either speculative hquidations or sue
cessful bear raid failed of realization, the
event being expected. Leading interests
supported the market, whion shows
firm tone and higher prices In most In
stances, particularly the Gould stocks, In
the face of the engagement of 81 800, 600 in
gold for Europe. The underlying senti-
ment OF speculation is. however, bearish on
the prospect of tbs Brussels conference hav-
ing no practical results, while the strength
OF exchange points TO further gold exports.
GOLD TO BIZ EXPORTED.
"Foreign bankers are unanimous that tho
absence of supply bills against cotton ex-
ports renders further gold shipmsnts inev-
table.
"Silver is slightly weaker, the limited
speculative demand created by Mr.. Roths-
childs proposition at Brussels having dis
appeared. Banking and financial opinion
is practically unanimous against the ac-
ceptance Of the English proposals or a
continuance OF silver purchases under the
law Of 1890, In the absence Of an interna-
tional agreement with regard to silver.n