The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-03-30
PRICES CLIMBING UPWARD
..,,r EVIDENCE OF IMPROVEMENT
IN GENERAL TRADE.

~
tendency of Prices n Criterion
=, the Market-A Firm Cotton
,,arkct. Further Improvement in
,,hcat with a Sympathetic Innu-
,.e on Corn and Onts-COlSe Also
u,rber and Iron Ore and Besse-
nor Pig Also Expected 10 Advance
At once.
Nsu York. March 29.-Bradstreet's to-
Inv will say: General trade for the
,siri week in succession. continues to
show evidence of Improvement. In no
cher direction is this SO plainly indi-
.,.s9 as in the tendency of prices. A
ok ago encouragement had been OBJ
..i,ed from a generally unexpected ad-
.-.rcs in cotton and wheat Following
,s.ir slight reaction the week had wit
-.sssd firm cotton market, further i'm
r-,vement in wheat, with a sympathetic
.,auence on corn and oats. the effect
Of which is greatly emphasized this week
bv advances in quotations. not only for
coke. but prospectiveiy for iron ore and
for Bessemer pig iron. for steel biHets.
and actually for manufactured iron at
western markets.
Higher quotations for cut meats west
are the outcome of restricted supplies of
cattle and this is behind an increased de-
ynand for shoes for fall delivery, as quo
ts-ions for leather continue upward On
The comparatively scarcity of hides.
THE frmness in cotton at the late ad-
ta.ions not only for print cloths, but
ether varieties of cotton goods. some of
them AdAc higher than fortnight ago.
"a moderate movement is announced
from Memphis, Nashville, Birmingham,
Atlanta and Augusta, dry goods, groceries,
. hardware and plantation supplies feel
ing the change most At Chattanooga and
savannah trade is quiet, but at Jackson
willie there has been decrease in vol
,,me. The movement in dry goods at
New Orleans has felt some increased de-
Tnand, but shipping interests continue
disturbed. The season is backward at
Galveston, with trade only fair"
r q. Dun d Co.'S weekly review of
trade tomorrow will say: Signs of i'm
provement are all the more satisfactory
because neither accompanied nor appar-
enilv produced by a speculative craze.
Dealings in stocks cotton and wheat, are
not diverting all the interest and capital
from productive industry and legitimate
trade. though these products are all
shade stronger. But railroad earnings,
hank clearngs and the industrial indi-
cations are more encouraging this week.
Itfsa remarkable feature that the lifting
tbis wear begins at the bottom, so to speak;
raw materials are raised before there is
anv larger demand for their finished prod
ucts, a thing not often done with sue
cess. Hides rise, then leather, and then
shoes; cotton rose, and afterwards some
cotton goods; coke was advanced and
afterwards Bessemer pig. In all these
cases IL is reasoned that the larger de-
lnand for consumption, though yet want
ing must come when ii is seen that prices
are going up.
Higher wages for coke workers have
baen followed by a formal advance of 40
cents in the price of coke, and now Besse-
mer pig has risen IS cents at Pittsburg,
and o at Philadelphia.
Raw cotton has been hoisted until
stronger market for goods resulted, with
some advances in price. The tone of the
goods market has been decidedly inn
proved though ii does not yet appear that
he retail distribution has correspondingly
Increased But the stocks of retail deal
es are light, and when they feel that
prices are bound to rise, the demand may
grow rapidly.
Wovement is that the exchanges through
he principal clearing houses for the week
are 2l.5 per cent. larger than last year,
and only AL per cent. less than in 1893,
which may probably mean the advent of
decidedly better conditions.
Little encouraging can be said of for
dgn trade, the exports for March being
smaller than last year, while the inn
ports for the full month will doubtless
show some increase. The rates for money
are higher, as usual just before April 1,
and the commercial demand is somewhat
larger
Several large failures this month have
swelled the aggregate of liabilities for
the three weeks of March to 81, 271. 12l,
against, $1O,061, 991 last year. of which
Sable were of manufacturing concerns,
against S4,46911S last year and $4,S24,779
in trading concerns, against $4,225,O S2 last
year.
The failures this week have beeen 234
IN the United States against 23S last year,
and forty-two in Canada, against thirty
last year. But the recent increase indi-
Gates past rather than recent conditions
Of unsoundness."