The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-09-17
BUSINESS HOLDING UP WELL
DIFFICULTIES IN WINDING UP THE
WAR NOT SERIOUS.

Orders Held Back During the War
Now Rushing In and Have Lifted
Prices and Created n Larger De-
mand-Business of the Country EN-
pandlng and Settlements Through
out Clearing Houses Show an In
crease-Wheat Has Come Forward
Rapidly and the Price Has Ad-
Vanced Cents - Demand for Iron
Very Large-WOOIen Mills Report
Better Demand.
New York, Sept. 16.-R. G. Dun & Co s
Weekly Review of Trade will say to-mor-
row: Business is passing well through
the difficulties that attend the winding up
of war which are generally greater than
while 1T was in progress. The rush of or
ders kept back while war lasted, by those
who thought it shrewd not to take any
chances, has lifted prices a little and
caused a larger demand for the time than
can continue, but though it has passed,
there is ample evidence that the consum-
ing demand is very large How large can
only be judged after some weeks of wait
ms Out OilCC AHOft II looks as II those
who wait longest are likely to pay most.
The business of the country is expand
ing so that settlements throughout clear
ing houses in the second week were %. 8.
per cent. larger than in 1892, and for two
weeks 800 per cent. larger From these
and railway returns and such trade re-
ports as are instructive, it must be con-
rlY hot
done than in the best of past years,
though not always with much profit.
Wheat has come forward much more
freely, and the price has advanced 2 cents.
1t is supposed that the advance is largely
due to milling demand coming upon mar
row supply. Exports are large, 1907, g76
bushels, -four included from Atlantic.
and 20l,052 bushels from Pacific ports, and
for two weeks 5,697, 800 bushels from both
coasts, against 1O,796,S63 last year. Re
ceipts of wheat for two weeks of Septem-
Der have been Ss5 bushels, against
JOG last year. The foreign demand
will be smaller and the American crops
larger than last year. The slight yielding
in corn was due rather to the government
report, which is not entirely discredited
as TO that crop, than to any change in
movement, which has been small compar-
ed with last year. The exports for two
weeks have been 4,351,331 bushels, against
1,075, 1853 last year.
with the starting of nineteen furnaces
idle a month ago, partly not included as
yet, the weekly output Sept. / was 213 043
tons, against POS, III Aug. !, and the de-
crease in stocks 1923 tons in two months
indicates d consumption but little below
work is the heaviest known al Pittsburg,
though smaller than last year at New
York. Bar mills are crowded with the
general railway demand for automatic
couplers and orders for new cars, 800 for
one road, and a large order for street
cars to Japan, and plate mills are every
where crowded. The demand for pipe is
the largest for a long time and also for
boiler tubes, and the sheet mills are
crowded west of Philadelphia, while the
foundry consumption is heavy and the
rail mills. not yet ready TO accept orders
which they cannot deliver for months, be-
ing engaged far ahead. Southern pig iron
has been sold for export $1,000 tons in all,
including 5000 to Scotland, and orders for
Is 1000 more have been refused Tin is
quiet at 1906 cents, and lead at 4 cents
with copper strong at 1917 and spelter at
4S0 cents in spite of a sensational rise
at London. Heavy sales ahead have
blocked the project for tin plate trust
al present.
important cotton mills have stopped and
print cloths hold 2.O6 cents, with other cot
ton goods unyielding, but cheap material
binders operations for those who have to
sell goods made from higher priced cot
ton.
"Wooen mills report better demand. II
is worthy of notice that $4,000 pounds
Australian wool was sold at Boston for
shipment to Europe
Failures for the week were TIA in the
United States, against 2o4 last year. and
% in Canada, against 40 last year.