The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-11-05
DUN REPORTS BUSINESS DULL.
PItE-ELECTION QUIETING DOWN
NOTED IN MANY LINES.

south Especially shows an In
creasing Quiet Bank CIearings
During the Month of October Re
feet Good Business - New Busi-
ness In Iron and steel Lighter,
hut Wills Arc Well Enough Sup
piled with Orders-Demand and
Output of Flour Good.
New York. Nov. 4.-Bradstreets to-mor-
row will say:
Further quieting down OF new business
On iron and steel. the relapse into dizziness,
though at steady prices. of wheat conse-
quent upon the withdrawal Of the extend
ed foreign demand and some slight increase
of quiet in general trade. chiefly at the
South, as a result of the approaching cleo
tons, are ali features calling for special
mention this week. Among the more ac-
lively favorable features and the price
steadiness displayed by most staple aru-
Giles and the enlarged distribution of sta
pie goods at many Western and Southern
markets as the result of improved wealth
er and removals of quarantine. Confirm
atory Of the quite favorable reports as to
general trade during October are the re-
turns of bank clearings for that month
and scattered reports as to the increased
business doing at many ceuters in that
month as compared with one year ago
Export statistics of grain. too, are begin
ming to show that an ample basis for the
stories OF heavy foreign buying really ex-
listed, exports this week being the heav-
fest on record.
New business in iron and steel has
been lighter than for weeks past, AMI
some shading of quotations, particularly
steel, is reported. Export trade, however,
IS large and increasing and mills are still
well enough supplied with orders to re-
gard this prediction quiet with some
thing approaching equananimity. I'm
Dortant negotiations touching future prices
of steel rails are now in progress, quo
tations are entirely Withdrawn and some
reports are that an important consohda-
ton, or al least control of prices and out
put. has been practically agreed upon.
Wheat has been duller but steady on
uncertainty as to possible foreign politi
cal complications, offsetting a heavy gain
in movement from producers. The current
demand and output of flour has continued
to equal and even exceed all previous re-
cords.
"An encouraging feature is the continued
active demand for domestics woods, large
ly at Boston and much of ii at price con-
cessions with rather good trading in cheap
makes of worsteds.
Cotton has made another new low le
cord on heavy crop movements. touch
ing cents for November delivery at New
York, but improved demand for export
with the working of the new print cloth
restriction have tended to firmness for the
manufacture. of the product.
Wheat, including -four shipments for
the week, aggregate 6,77S643 bushels,
against $3.50, 991 bushels last week; 5,590.49s
bushels in the corresponding week of 1897;
3.472, 97G bushels in 1896; 2,956,567 bushels in
1895, and 2,239, 1923 bushels in 1894. Since
July /, this year the exports of wheat ag-
gregate 73.545,523 bushels, against IS, S74 ,O92
bushels last year
Corn exports for the week aggregate
1855, $40 bushels, against 2,424,37 bushels
last week, 2,l99,5SO bushels an this week a
year ago, 2.247, SAB bushels in 1896, 1,225,47
bushels in 1885, and g. 4i6 bushels in 1894.
Since july l. this year, corn exports ag-
greg gate $685.. $50 bushels, against 50S09 l04
bushels during the same period year
ago.
Business failures In the United States
this week number 1888, against 219 last
week, 223 in this week a year ago, and in
1895, 2G0 In 1898, and 240 in 1894.
Business failures in the Dominion of
Canada for the week number 81, against
% last week, 81 in this week year ago,
80 in 1885, 80 In 1895, and 40 in 1894"