The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-10-22
roRIGN DEMAND FOR WHEAT.
,us ACTIVITY BEARS FAVORABLY
ON THE BUSINESS SITUATION.

,,I-e Appearance of the Franco
uritiSh Affair Induced some Short
coxerinE-Ocean Freight Situation
q strained As to Deter Export
Misunderstanding of Quarantines
In the south Results In Better
trade Reports - A Little More
Etrmness In Cotton.
Nav York, Oct. 2L-Bradstreets to-mor-
row will say:
THE dominant influence of the general
.,,s;pess situation is unquestionably the
S1,,,,a foreign demand for wheat, wheat
ar and. indeed, nearly all our cereal
,,roducts. and the business reported on
mis- account during the past ten days
.ooros worthy of rank with the best re-
.7s5 in any corresponding period. While
r-raiohtened stocks abroad and less salts
f,o+orv advices from other countries, not
oblv Russia, Australia and Argentine,
20 furnished a plausible basis for much
- the recent activity, an additional slim
.,lattne feature was injected into the sit
ton This week by the more waTlike ap-
,,sorance of the Franco-British situation
and the closing days, indeed, witnessed
mar rpmors in practical command of the
,,.l,st inducing much short covering by
stsadfast bears. Lest the rather moder-
arc figures Of current export should prove
si..poointing. in view of the heavy en-
.,,sarnents reported, il might be remark
tbot much of this demand is necessa-
rar what might be termed forward bust
.s and indeed. stocks in this country,
in spite of heavy current deliveries by
t.,roers could hardly allow of prompt
sl,inrnent. even if the ocean freight sltua-
ion was not a strained one. Quotations
f,r freight room have, in fact, operated
&c deterrent feature on this export bust
ness.
general digtributive trade, particularly
q, the North, appears to have suffered
from bad weather conditions this week,
which have interfered with regular bust
4 moss and deliveries, but on the sother
hand has induced considerable buying
4 If boots and shoes, rubber goods and
heavy clothing at many markets.
The situation at the South is rather
4 more favorable than for some time past,
q ,b,s resulting mainly from the abrogation
of many senseless quarantine regulations
( as result of the advance of the first
line southwark toward the Gulf.
"a some important changes in the situa-
ton of textile goods, and particularly
4 cotton and wool products, appear TO be
4 impending Rather more f1rmness mas
n heen impaired to the former staple by the
q TAX of frost checking further growth
and the pSt9 b.
,,sbment AT Fall River of the long ex-
ted and often threatened joint selling
q aoanev Tor print cloths and similar goods,
bos stitenel the price of those pfoducts
unite materially In wool and WOODEN
Goods TOO signs of Improvement are
Il tribe more numerous "A
..Tbe foreign trade situation Is about as
described last week, except that large oe-
4 creases in a few leading exports nave
Il nartly made up by increased shipments OF
81 American manufactures, and the nine
months figures point to complete cal
Il endar years business in advance OF All
n predecessors in volume OF export uaae.
II our import trade begins to snow shghC
Il increases over corresponding perlods
E wear ago. and the substitution of dutable
n for non-dutiable goods in this movement
points to an easier position in the Gus
n toms situation. Prices are, quite strong,
notable in this respect being alt the &C.
reals, lard, pork, cotton, PRINT clotls anu
81 raw sugar Little change is noted In the
Il iron and steel market, which, as for some
Il time past continues quiet as regards new
Il business, though the mills and foundrles
II are still actively employed. The general
81 Industrial situation continues favorable
81 employment being quite general particu-
n larly in the West, except in the glass in
81 dustry where a shutdown, pending
n wage scale settlement exists.
Wheat including flour, shipments Tor
Il the week aggregate 4,5S2,773 bushels,
against ,995 bushels last week, 5,552lH
bushels in the corresponding week OF 1897,
4o67,2T bushels in 1896. 2658,554 bushels In
Il 1885, and 3353,774 bushels in 1894. Since july
!, this year. the exports of wheat aggre-
u gate 61,2l0,8S9 bushels, against 72,742203
bushels last year.
Corn exports for the week aggregate
1887 1871 bushels, against 2,70S,292 bushels
last week, LII 543 bushel in this week
year ago, 2979,9S4 bushels in 1885, 1,343olO
y bushels in 1895, and 92,0S bushels in 1894.
4 Since July l. this year, corn exports aggre-
q gate H,S45 494 bushels, against 47O2OS6l
d bushels during the same period year ago
Il Business failures in the United tSates
n this week number 213, twenty less than
last week, and comparing with POS in this
A week year ago, 30 in 1896 259 in 1895, and
2l in 1894. Business failures in the Do
A m.niOn of Canada number "a, as against
j y last week, u in this week a year ago,
Is in 1896, and SO in 1895 and 1894.