The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-09-11
DUN'S RoSEATE REVIEW.
BUSINESS FOR THE WEEK SHOWS
HEALTHY TONE.


Wage Farmers Employed - The
Rise in wheat Gives Western Buy
ers Confidence - Cotton Does Not
Climb But the Consumption by
Mills Is increasing.
New York, Sept lO-R. C. Dun & Cos.
weekly review of trade tomorrow VIII
say:
There is no halting in the advance.
Business grows better in all ways, Tor
while its speculative end breaks conspicu-
ously with the gamblers FOR a decline, a
steady increase in products in working
force and in the power of the people 10
purchase. is the feature which oVc4shad-
ows them.
REPORTS Of New York trades unions
shows an increase since one year ago OF
"a per cent. In the number OF men at WORK
and a similar increase among men IN IKE
position throughout the country would eN-
coed 100000 while every week adds many
establishments 20 the active list. The coal
miners strike has disclosed such facts ana
brought 10 light such differences. thai
work will probably be very soon resumed
by large share of the men. The far-
mers are helped by higher prices Tor
wheat, and while western receipts DO not
snow tndI lnGA nave maj AtltR a tNAiNAi "a
their crops, assurance OF handsome prof.
a TO come prepares them 70 buy literally
hereafter Because of this and the IN
crease Of hands at work, oealers through
out the country have started TO repiehIsh
stocks. which is the great force at present
operating in manufactures ana trade,
though distribution by retail traders has
greatly increased.
"A gain of i per cent. in one month in
the output of pig iron, from l65&S tons
Aug. ! TO 1886 Sept. l, with knowledge
that half dozen other furnaces are pre-
pairing to resume indicating consump-
tion of about 10000 tons, more than eX-
plains the months advance in prices oil
finished products, averaging but per cent.
since the lowest point, on Aug. y. Pig
is a shade lower at Chicago, but the proof
that the advance is healthy is found in
the growing demands of consumers. Rods,
sheets and merchant pipe are in heavy de-
1nand Copper is steady and lead a shade
stronger, at Ais cents and the production
of coke has reached $4,000 tons, with r.
III ovens in operation.
wheat has risen cents the past week,
in answer to the daily increasing of the
general demand. Though reports shows
the crop now almost wholly out of dan
ger, indicates a yield never surpassed but
once, foreign accounts still strengthen the
belief that the deficiency abroad will be
about 1O00O0000 bushels more than usual,
and meanwhile reports Indicate that less
corn than was expected will be available
for exports. Its price has risen about
r. of a cent. While wheat receipts at
Chicago have been breaking records re-
Gently at all the western points, they are
for the week a little below last year but
Atlantic exports, 9,579,Ul bushels. against
30, 755 last year, for two weeks with
5579,771 bushels of corn, against 3570.704
Ia FOREIGN demand ny
parently limited at present only by ship
room.
Since the small corner in August, cot
ton has relapsed to TIC, no rumors are af-
fecting prices much Northern mills are
consuming very largely, with a continued
demand for goods which has advanced the
prices of many. With enormous specuIa-
tive sales of wool which appear 20 consti-
tute most of the market at Boston, there
is also more buying there and elsewhere
by the wooden mills, which are enjoying
an extraordinary demand for goods at
prices averaging not 10 per cent higher
than was paid early in the year.
Failures for the week have been 2l5 in
the United States against 315 last year,
and 80 in Canada, against 40 last year"
New York. Sept. 10.-Bradstreet's to-
morrow viii say: THE business week has
paratively free buying from jobbers and
merchants in anticipation of
wants, at almost all important distributing
points. AT a number of centers special rate
excursions of merchants have increased
the weeks volume of business, notwith-
standing the Intervention of a holiday.
Cotton fabrics have improved in de-
10 H. q, 50 - To-
eral trade in portions of Texas, due to the
Of planters to sell cotton at
fits present price, but at central western
points. notably Chicago and St. Louis, bus
mess has been quite active. Western iron
and steel mills are practically independ-
ent of buyers for the remainder of the cal
endar year.
THE August advance in prices for more
than 100 staples, raw and manufactured
articles, produce, live stock, etc, amount
ed to S4 per cent. following a 81 per cent.
advance in July. During the first six
months OF the year prices referred to fell
away about &c per cent.
Exports of wheat flour included as
wheaD from both coasts of the United
States and Montreal show a falling off
from last Week. but are still very large,
aggregating 5,A6l, so bushels. With the
exception of last week. they are the larg-
est for any week this year, and compare
with exports in the like week year ago
of 3,799, 14l; In 1895 of 100000; in 1894 of
27S9, 600 and in 1893 of 1851, 900. Corn ex-
ports are the largest for any week since
last September, asgresating 4,04334S bush
els, against 2,65G.O00 bushels last year; 3d.
900 bushels in 1885; 69,0C0 bushels in 1894
and $4,000 bushels in 1895
There We're 173 business failures reported
throughout the United States this week
against 1893 last week 90S in the week one
year ago, 2l3 two years ago, 223 three years
ago and as compared with 800 in the ike
week of September, 1888.
There were thirty-two business failures
reported from the Dominion of Canada
this week, compared with thirty last week.
forty-one in the same week a year ago.
twenty-five two years ago, and &c in 1S93.'
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