The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-10-16
TRADE STILL GROWS BETTER.
Dr-N REPORTS INDIC ATOMS BRIGHT
FOR INCREAsED BUSINESS.

Increased Wages Greater Than
Ever BefOre-GOId Sure to Come
This Wny-Output of Pig Iron In
creased ~ Per Cent. Since July 1,
and the Prices Hold steady-Lar,-e
steel Products Higher = Failures
Fewcr-Bradstreet's Review.
New York, Oct 15.-R. G. Dun & Co.'S
weekly review of trade will say to-mor-
row: Foreign trade in September, the
heavy increase in iron production and con-
sumption and the largest payment
through clearings ever known in October
are indications which outweigh hesitation
in some markets. The increase in imploy-
ment of labor has continued, with fur
Their accounts daily of works opening, in
creasing force of hands, or raising wages.
and at every point where actual produc-
ton can be tested it appears greater than
ever before. Efforts by the Bank of Eng
land have delayed further gold exports.
but with a cotton movement raising large
shipments to this side are deemed GER
tain and not distant. More gold, how
ever means less just now than more iron
''The output of pig iron Oct. l was 200 1913
tons weekly, against 112,7S2 a year ago.
the increase since July l having been %
per cent; unsold stocks have been re-
duced at the rate of 4O,21 tons weekly in
September, indicating a consumption ex-
ceeding $4,000 tons weekly, which is about
1000 greater than ever before and 10 per
cent. greater than three months ago
Prices of pig hold steady, though the pro-
ducuon has been further increased since
Oct. 1, and prices of finished products
gradually rise with especially heavy de-
mand for plates rods, bars, while an
other contract has been taken by the Hi
nos Steel Company to deliver 10000 tons
Of steel rails for Japan, and the Pennsyl-
vana Company has bought $4,000 tons.
Ore shipments on the lakes surpass all
records. The Rockefeller Company has
contracted for another steamer with two
consorts to carry 10000 tons, the largest
ever built for the lakes. Makers of black
sheets have raised the price for No. 2S to
$50, and wire nails are cents higher
the average of iron and steel products ris-
ing per cent. for the week to the highest
point since April 8. Tin plates are cheap
err at So 10, with enormous production and
copper at II. IL cents for lake, with lead at
40 but tin is fairly strong
The cotton mills are producing a 8 largely
as cheap cotton invites, and with moderate
demand print cloths are lower at 2H
cents, and some grades of other goods are
slightly reduced. Sales of wool for specu-
lauon have greatly decreased, but manu-
facturers do not find that current prices
are warranted by their market for goods,
though 1t is strong and advancing. Sales
of wool for two weeks have been "a, 900
pounds at the three chief markets, of
which 1881, 800 were domestic, and while
quotations maintained lOto
Viously withdrawn by consignors are now
offered. The demands for spring goods are
limited, but the prices of some qualities
have advanced shade further. There is
also some quiet contracting already for
heavy-weights.
Wheat has been fairly steady, but NOV
ing more largely than last year from the
farms and from the country. Western
receipts were 15,167,054 bushels in two
weeks of October against a. 235,016 last
year, and Atlantic exports, 6,463, 401 bushels
(1our included as WheaO against 4,747. S45
last year. while corn exports were 1882. 1857
against $685. 25 last year. September ex-
ports of wheat surpass all records
amounting to 25,S6S, S63 bushels, against
17646,Sl5 last year, owing to high prices
the value being over 100 per cent large
for all breadstuffs. The price of wheat
has declined q of a cent, and of corn
per cent, with the government report of a
yield exceeding 1900, 100000 bushels. Cot
ton has declined three-sxteenths to 6S1
cents for spot, some authorities of repute
having published estimates that the yield
will be 9,500,000 bales, but the movement
is yet retarded by the fever.
Failures for the week have been 223 in
the United States, against 1928 last year,
and S6 in Canada, against 40 last year"
New York, Oct. 15.-Bradstreets to-nor-
row viii say: 1.-THE activity in staple lines
Of ie
q month ago, due to interior merchants
having supplied their demands for the
time, a gradual increase of the territory
included by the yellow fever quarantine,
the low price of cotton, a tendency in the
Missouri river valley and spring wheat
states to hold wheat for higher prices, and
to farmers being busy with fall planting.
Unreasonable weather has had an I'M
favorable influence on the distribution of
merchandise throughout the central west,
and at Chicago and st. Louis sales have
fallen off
"A well informed correspondent of
Bradstreets, after extended personal inves-
tigation, gives reason for anticipating a
much smaller yield of cotton than the
trade estimates indicate. He looks for a
peXas crop not to exceed 100000 bales,
or less than last year, while the MISSISSIPPI
pi valley will, he thinks, produce less than
an average crop, and Arkansas be in a less
favorable situation than last year. The
long and continuous drought, facilitating
picking and marketing, has, he DECLARES,
destroyed all hopes of top crop and will
materially cut short the latter yield.
THE position of the cotton goods in
dustry is no more favorable, but wooden
goods manufacturers report demand brisk,
prices steady, and an unwillingness by
makers to accept new orders at present
quotations. Advances are reported for
Bessemer pig iron and steel billets, with
quick sales, but prices are firmly held.
Some steel mills are not able to keep up
with orders. The domestic consumption
OF pig iron last month was extraordinarily
heavy, and promises to greatly stimulate
production.
With the Stacking off in the rate of
distribution of merchandise the upward
movement of prices is correspondingly
checked, and in this, the third week in
succession, the number of staples for
which quotations are lower is greater than
those which are higher or unchanged.
There are nominal advances for lard ana
mems shoes, but prices for pork, sugar,
D.. sanIN