The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-09-24
BRADSTREETS' ON BUSINESS.
THE FAVORABLE DEVELOPMENTS
ALONG LAST WEEKS LINES.

Importance of Export Demand Illus
trntcd In This Weeks Business.
Raw Cotton Reaches the Lowest
Price in Years Because of the
Prospects of BOuntifuI Crop.
Quarantine Regulations Affecting
Trade Adversely In the south.
Western Advices Cheerful - Re-
IOrts From Textile Industries Fa-
vornbIe-ActiNity In Iron and Steel
Continues.
New York. Sept. 2S.-Bradstreets to-
morrow will say:
Favorable trade developments manifest
themselves chiefly along the lines pre-
viously noted. The importance of a large
export demand to the eountry's domestic
interests is illustrated by the improved
tone and prices of wheat and flour this
week, growing out of the better foreign
buying, induced by less favorable Rus
sian crop reports; smaller shipments from
that country, and apparently continued
careful selling by American producers.
Raw cotton, on the other hand, re-
fleets probabilities of continued plentiful
supplies and rather slow demand in quo
tations, lower than the lowest point reach
ed in the year of depression, 1884, when
large yield was colncident with poor
trade, industrial troubles and tight money.
From the West and Northwest advices
continue largely in the former cheerful
strain. Some relaxation in activity is per-
ceptible in some lines at large markets,
but the volume of trade as a whole is
evidently equal to any previous record.
AT the South low-priced cotton and yell
low fever guarantees affect trade adverse
by, improvement in one section being
counterbalanced by less favorable advices
from others.
Favorable conditions on the Pacific
coast are most numerously reported in
the state of oregon and Washington Con-
SENTATIVE management earlier in the year,
however, has resulted in fairly good con-
ditions in California, where crops were
less favorable than further North, and
failures are down to a minimum.
"At the East the least favorable reports
continue to come from the textile indus
tries. Wool is quiet and manufacturers
are not encouraged to buy heavily in view
of the very moderate trade in wooden
goods. Cotton goods are in better distri-
button, but prices betray the unsettlng in
fiuences of low prices for the material
and print cloths are slightly weaker
activity in iron and steel manufacture
continues undated and similar conditions
are reported abroad Talk of further
moderate advances in price has increased,
particularly in this country to-day, gen.
orally speaking, is the cheapest market
for iron and steel In the world. The trade
very heavy and another advance of %
cents is reported by some large Southern
concerns
Improved foreign demand for American
cereals is shown in the enlarged volume
of shipments this week Wheat including
flour, shipments aggregate 4991, 1853 bushels
against 1875 291 bushels last week, 5, 70S. S25
bushels in the corresponding week of 1897
1880, 466 bushels in 1896 3,151 907 bushels in
1895. and 2,562,500 bushels in 1894. Since
July / this year exports of wheat aggre-
gate 444 bushels, against 5O310,525
bushels last year. Corn exports for the
week aggregate 2,626,290 bushels, as
against 2,331 005 bushels last week, 4,O22, JAP
bushels in this week one year ago 2610, 497
bushels in 1886, 1860 125 bushels In 1885, and
900 bushels in 1894. Since July l. this
year, corn exports aggregate 80 165
bushels, against 3S, 1893, 1871 bushels during
the same period in 1897.
Business failures in the United States
for the week number 1872, against 173 last
week, but compare with 237 in this week
a year ago, 321 in 1896, 1888 in 1895. and 204
in 1890. Business failures in the Dominion
of Canada number 10, against 20 last week.
80 in this week one year ago, and 81 in
1896"