The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-11-19
BUSINESS OUTLOOK BRIGHTER
NUMBER OF ADVANCES IN PRICES
AND FEW DECLINES.

Growing Strength in Pig Iron, Large
Bunk CIeariRgs, Good Export
Trade and Enlarged Trade In
Manufactured Products, Features
of the WeeI<-Foreign Exports for
October Greater Than In Any Pre-
cedinE Year-Sfrength In Value of
all Cereals.
New York, Nov. 1S.-Bradstreet's will
saw tomorrow: Evidence accu-
mulates that the good results
following the recent elections are
no longer confined entirely to Improvement
in tone and confidence, though the above
feeling influences dealings in both finan-
ciai and mercantile lines. Several sub
stantial developments present themselves
this week, notably among which are a
number of advances an prices, exception
ally few declines thereof, growing strength
in the pig iron situation, unprecedently
large weekly bank clearings, and remark
ably good reports as to export trade, not
only in the line of farm products, but In
enlarged trade In manufactured products
Distribution of merchandise shows little
change from recently preceding weeks, but
the growth in confidence is reflected in
very general reports of improved colec-
tons on past business.
First and foremost in the line of foreign
trade extension are the returns recently
made for October, pointing to exports for
that month larger than in the correspond
ing month of any preceding year. second
only to those of December, last year, and
chargeable not so much as formerly to en-
larged exports of finished products of
American industry. In this connection
specially good reports come from the iron
and steel industry which has thereby
been rendered more nearly independent
than ever before of fluctuations in do
nestle demand The strength in values of
all cereals. (all the leading breadstuffs are
higher this weeI0 is, of course, due to the
constant foreign demand more than eff
fecting very large gains in domestic sup
plies, which, however are be.ow any
corresponding pc ~iod for years past
Comparison of four months exports,
July 20 October ncusive, point to wheat
and -four shipments little below those of
last year, and only 10 per cent. below
those of 1891 the heaviest ever known.
The strength of cereals find imitators in
coffee, whose statistical position shows
some Improvement, sugar, which is rela-
lively higher for refined, on growing
strength of raw supplies; coffee which re-
tains its old bullish tone, and even cot
ton which is higher on smaller movement,
and improving tone of the dry goods mar
ket
Wool sales continue of good volume on
more confident buying of small manu-
features, who however, report the finish
ed goods trade unsatisfactory. Heavy
sales of bonded wool for re-export TO Eng
land are reported this week.
Rather more inquiry is noted for pig
iron, and the tone of prices is strong in
contrast to that of steel, which is being
shaded by those eager 10 book new BUSH
ness The steel rail situation is appar-
emily unchanged and much business is
held up awaiting settlement of price and
other details.
Wheat, including flour, shipments for
the week aggregate 5,679,141 bushels.
against 1914 1888 bushels last week, 6,653, 1872
bushels in the corresponding week of 1897,
1891 223 bushels in 1896, 2,916,s9S bushels in
1895, and 3,S1z,673 bushels in 1894. Since
July l. this year, the exports of wheat ag-
eregate 81, $50, 457 bushels, against So 973, 426
bushels last year.
Corn exports for the week aggregate
3,53l,724 bushels, against 2,142,745 bushels
last week, 9,209, 100 bushels in this week
a year ago, 2,975,721 bushels in 1896, 1,743,167
bushels in 1895, and 1S9 1876 bushels in 1894
Since July l, this year, corn exports
aggregate 56,O19,919 bushels, against $685.
40 bushels during the same period a year
ago.
Business failures in the United States
this week number 229, against 1877 last
week, 235 in this week a year ago, 30S in
1886. 325 in 1895, and 295 in 1894
The total number of failures in the
Dominion of Canada this week is "a
against 30 in the preceding week, 81 in
1897, II an 1896. AZ in 1895, and "a in 1894"