The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-11-20
BUSINESS OUTLOOK BETTER.
COLDER WEATHER DOING MUCH TO
ACCELERATE TRADE.

Producing Force increasing - Many
manufacturers Unable to Take All
the Orders Offered-The Output In
Several Great Industries the Larg-
est Ever Known Confidence of
Great Business Next Year I'm
Characterization in Speculative
Markets Due in Part to the Invest
ment of Capital in Productive En-
terprises.
New York, Nov. 19.-R. G. Dun & Co.'S
weekly review of trade will says, in its
issue tomorrow: "All markets and all
Industries are working toward the period
of Thanksgiving, of stock-taking and of
holidays. Colder weather has done much
to accelerate retail trade, so greatly de-
layed in many lines by unusually mild and
open weather The producing force in,
creases on the whole and many manufac-
turers are unable to take all the orders
offered, while other are committed as far
ahead as they are willing to be. The our.
put in several great industries is consid-
erably the largest ever known and the
confidence of great business next year is
undated. Hesitation in speculative mar.
kets Is in part because Of the immense
capital that has been turned from them
to investment in productive enterprises
Wheat has advanced a cent during the
week. and small fluctuations have been
due to reports about Argentina rather
than to the heaviest exports ever known
Atlantic exports, flour included, have been
in three weeks of November 9,799, 1863 BUSH
els,against $685., 1O6 bushels last year,and in
the crop year thus far over $4,000, 900, while
the western receipts have been in three
weeks 21,2O3,66O bushels, against 14.796. SSs
bushels last year. Corn exports have been
7,0l0014 bushels, against 6,441,66S bushels
last year.
Cotton declined to 5S1 cents, with heavy
receipts, but closed at 5.S7, with better
foreign demand and with frosts, whic..
have lessened the prospect of heavy
movement later.
Iron products have changed but slight
ly in price, with wire nails and rods a
shade lower. and while the consumption
of pig is the largest ever known, works
nave orders ahead so far that they are
unable or unwilling to take more There
is less activity in bars, and rails are in
larger demand, while some eastern works
nave Recently taken ORDERS Tor months
ahead. Sheets are active and competition
reduces the price of tin plates a little
further. Grey forge is slightly lower, with
eastern and Chicago prices of pig I'M
changed, Notwithstanding the great out
put, and sticks are being further reduced.
The coke output was 1505S7 tons for two
weeks furnace selling at $1.75 for the rest
OF this year. Anthracite coal continues
weak, with sales at 81 net here, the pro-
duction in October having been 5,120,OO9
tons. Tin is sustained by large consump-
ton, lead is a little lower at rs cents
a break in spelter has reduced the price
at Pittsburg to $405.
The wooden market is embarrassed bv
the delay of winter weather, which re-
tards orders from clothiers, although most
works have enough for some time ahead,
and while cold weather and active retail
trade would bring a change, prices of
wool are so high that some mills have
stopped part of their looms. Cases are
mentioned of mills which could realize a
profit of $4,000 to 100000 by selling the
wool they hold. but can expect none by
manufacturing at current prices Wool
markets have become stagnant, and sales
are almost wholly to realize speculative
profits, amounting, at the three chief mar
kets, to only 4,21S,OOO pounds for the week.
Cotton goods continue weak as raw
material declines and goods are rather
lower.
Failures for the week have been PSF
in the United States, against 334 last year,
and 81 in Canada, against 40 last year"
New York, Nov 19.-Bradstreet's to-
morrow will say: There is a moderate
Improvement in prices and distribution Of
wooden goods shoes, hats and hardware in
the region tributary to Chicago, st. Louis !
Kansas City, and Omaha. In South Car
DINA, Tennessee, and Louisiana iobbers re-
port moderate revival in demand from
interior merchants, which represents some
of the business delayed by yellow fever
guarantees. Trade reports from Georgia |
and Texas are quite irregular. Some cot
ton planters are compelled to sell cotton |
at loss to meet advances made earlier |
in the season, and have little or no surplus |
with which to buy merchandise. Others |
notably in Texas, continue to hold cotton
which delays mercantile collections and |
has an unfaXorable influence.
Cold weather in the northwest and in |
the central Mississippi and Missouri river
valleys has helped retail trade.
Manufactures of iron, steel agricul-
tural implements, stoves, railway cars
and wooden goods report an active demand
ana large output, although the appear
ance of speculative steel has resulted in
weakening the price of billets and like
tendency on the part of Bessemer pig
iron.
Higher prices are recorded for wheat.
corn oats, syrup, hides leather shoes,
and for turpentine.
The reaction in iron and steel Is likely
10 De followed by an advance if the pres
ent rate of consumption continues. Lower
prices for wheat, -four and pork are ex-
pected 10 equalize the advances on wheat
and Indian corn. so that a lower price
Tor copper is practically the only import
ant decline in the week
Wheat exports show heavy increase
ankle over last week and last year, and
with one exception, that of the second
week in September, is the largest single
week total on record. The total exports
vi wheat (lour included wheat from
uotn coasts of the United States and Mon
treal this week aggregate 6,653, 1872 bushels,
@salnst 54f5,542 bushels last week. 1881, 900
Lushels in the week a year ago, 2,916.OOO
bushels in 1895; 3,312675 bushels in 1894 and
-'lo4'OO bushels in 1898. The total ex-
IoIts in the second week of September,
1891, were 6,S74,OOO bushels.
Corn eXports also show a gain aecre |