The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-12-10
CONGRESS CREATES NO FEAR.
,,,RKETs MOVED AS If THE GOV
uRNMENT WE'RE AUTOMATIC.

,.rre Demand for Products in Near
" All the Large Industries-Big-
ccst November business Ever Done
:, This Country in Any Month
Large Corn and Wheat Exports
price of Cotton Goes Up-Big De-
,,,ond for steeI-Aiarket's Healthy
Tone.
New York. Dec. S.-R. G. Dun & Co.'s
u..lIv review of trade viii say to-mor-
row:
"Tbe most significant thing this week
b,s been the entire absence of the Gus
romary nervous fright before or after the
nsfung of Congress, the Presidents mes
s,ce and the treasurers report. No one
showed the least alarm, and nobody could
find occasion for any. Money and stock
ard grain markets moved on exactly as if
th. government were automatic, certain
70 do or say no more than the President
had already decided and expected, and so
tbc gradual betterment since October con-
tnues.
There is a larger demand for products
I'm nearly all the great industries, larger
healthy domestic demand since seasonable
weather arrived, and a comforting convic-
ton that the largest November business
ever done in this country in any month
was but a step towards something better.
Exports last year in December were
marvellous, but this year are starting
ahead. The wheat exports, -four includ-
900 -o-,
els. against 4,312,137 last year, and Pacific
exports, 556,529 bushels. against 973,OS3 last
year. and prices have declined 2s4c for
cash. but Western receipts of 1915 1879
bushels. against 6212, All from last years
great crop, steps argument. The wheat
does not come out at low prices, if the
people have less to sell than last year at
gjc more per bushel. The corn exports
were 41513S1, against 9,313,OS6 last year,
and such foreign demand at prices much
higher than last year, and with wheat
cheaper is proof of state of things
abroad which Americans hardly appre-
ciate. The price declined only nc, with
enormous receipts.
Cotton shared in the port movement
fully, and, nevertheless, has risen 3-16c
in price, with feeling that estimates of
yield may have been excessive. At the
extremely low price yet quoted, foreign
buyers do not stop to calculate commercial
and mills stock on hand. The consump-
ton in this country is not very large be-
ing but little changed by troubles about
wages at the South, but more by vo,un-
tary curtailment in New England; but the
demand for goods is better and has lifted
the price of print cloths an eighth, and
Of some other goods a shade.
Wooten goods have been in much better
demand and many of the smaller mills
buying after concessions secured by the
larger The much broader market is more
healthy and promises far more for the in
dustry, and sales of TO- 655, 200 pounds in two
weeks past at the three chief markets.
against l0,S52,7O0 pounds in the same weeks
OF 1882, are quite in line with demand in
prosperous years. Prices yielded about p
cent IN November according 10 100 quota
tons by Coates Brothers, and from Phil
ade,phia dispatches appear to be about a
cent lower this week
The rupture of the Inchoate rail commits
sion, I appears resulted in lower prices
ana larger sales in The first week of sharp
competition than were realized a week
ago Prices were made in some transac-
tons much lower than We're then, or are
now quoted, and while $17 at Pittsburg is
now named, special orders are said to COM
mana lower ngures. The purchase of $780,
eco tons Bessemer pig at $40 at valley fur
naees, and 100000 tons biilets for Pittsburg
works at $3.50. of which 10000 ions went to
a hoop mill, with 11,O00 tons of rods at
Chicago at $22. and 22,0OO tons plates for
one concern at Pittsburg, besides enor-
nous orders for bars and plates in car and
snipbuilding and steamship contract on
me Delaware, and contract for 5000
tons of bridges at Chicago, give some idea
Of the heavy business coming forward just
When the works usually expect a season
OF !dleness and waiting. Pig iron has
risen at the East to $115O, and quotations
average for pig throughout the country a
shade higher than at any time this year,
iA0ush prices for finished products have
recently been declining. and are lower than
IN The early months of the year.
The weeks failures have been 24S in the
United States, against 1872 last year, and %
In Canada, against % last year.