The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-10-08
FEVER AFFECTS BUSINESS.
DISTRIBUTION CHECKED ny QUAR-
ANTINEs IN THE SOUTH.

Complaints of Marrow Margins
Unanimous - West Enjoying
Large Distribution Because OF
Her Carnival PeriOd-stOrms on
the south Atlantic Coast Have
Caused Observation-Disclosures Ac-
tivity In Iron and Steel Continues,
But the Immense Production Is
Not supported by New Demands.
a Big Gain in the Worlds supply
of Wheat.
New York. Oct. 7.-Bradstreets to-mor-
row will say: with the exception of
some parts of the South, where heavy
storms and yellow fever with resulting
quarantine check distribution, a very
large business appears 20 be doing
though complaints of narrow margins of
profit are well nigh unanimous. While
the bank clearings of September point to
a slight smaller business done the coun-
try over than one year ago, this weeks
figures point to fair gain over last year.
and therefore over all previous records
for this week of the year The volume
Of distribution a whole, is well up or
to above that reported a year ago in
most sections, and, therefore, far in ad-
vance of recently preceding annual pc
RODS. AS for some time past most activ-
ity is perceptihle in the West and North
west and on the Pacific coast, particularly
at Puget Sound and Columbia river
points. 1t has been carnival and fall
celebration period at a number of Western
cities this week, and resulting large
distribution, both retail and Wholesale is
reported.
"At leading Eastern markets recently
favorable reports are fully maintained,
with business in textiles, particularly cot
ton and wooden goods, least favorably sit
uated. Signs are not wanting that the
spread of yellow fever in some sections
Of the South, with resulting quarantines,
has rapidly checked trade in the Lower
Mississippi valley, while heavy storms on
The South Atlantic coast have operated
to arrest distribution and reduce the rice
crop.
The general Industrial situation is a
! very favorable one. Marked activity con-
| tinues to be a feature of the iron and
steel trades but the immense rate OF pro-
| duction at present in the absence of i'm
mediate new demands, has caused a shad-
| ing of some few grades of pig iron and
| steel billets.
Movements in an upward direction,
! however, are reported from the West.
| The situation as to prices generally is one
| of sustained strength wheat being promi-
| nent in this respect, while the most inn
| portant reduction is chat growing out of
| the refined sugar war. To the exceptional
! strength of ocean freights is charged some
! of the falling off in exports from South
| eTn points.
Business failures are still down to a
minimum, numbering 1853 for the week,
against 166 last week 2S7 in this week a
year ago. and POI in 1896, 2I7 in 1895, and 23S
in 1891.
"Active demand for the actual wheat
| and unprecedented small stocks to start
| with have constituted balance for gener-
ally estimated maximum worlds yields and
recent considerable increase in stocks at
| home and abroad. In the face. therefore,
of a gain of 100000 bushels Ia American
and European stocks last week, prices,
Influenced by the small net gain in worlds
| stock in September-15, 100000 bushels have
ruled firmer and higher.
"Bradstreets monthly report of wheat
stocks shows a total on Oct. /, In this
country and Canada of %, 52S 600 bushels,
a gain of 10, $4,000 bushels for the month,
against 12 900 bushels a year ago, while
European stocks on a like date are given
bushels, against 14,200000 bushels gain in
September a year ago. A combined gain
is here indicated Of only 15,500,O00 bushels
against q, 900, 600 last year and 100000 10
q. 600 gain in 1895 and 1896 Stocks In
this country and CaiAda east of the
Rockies on Oct !, are the smallest reported
at that date since 1882. Estimates of the
worlds yield now range in the neighbor-
hood Of 2.600,000O00 bushels, $3.50, 100000 bush.
els heavier than last year, and 100000,
bushels larger than the record year, 1894
while American crop estimates vary be-
tween CSC, O0O, 600 and coo bushels, with
conservative views favoring a total mid
way OF these two estimates.
| prices of leading staples as reported t.
Bradstreet's while showing rather mor'
irregularity are in the main well held
Wheat, including flour, shipments for thu
week. aggregate 1897, pa bushels, al
| against 306,S79 bushels last week, 4,830 81
bushels in the corresponding week of 1881
1850 772 busheTs in 1896; sos bushels IL
1895 and Sl7 043 bushels in 1894. Since july
l this year, the exports of wheat aggre
gate 81, S9S, 121 bushels, against 60,9S0 Al
bushels last year.
Corn exports for the week aggregated
1854 no bushels against 2,5S0076 bushels
last week, 2,1O9 SO bushels in this weel
last wear; 2732, $50 bushels In 1896; l .367 Oh
bushels in 1895 and 1S4,724 bushels in 1894
Since July l this year corn exports aggre
gated SO, 259, 951 bushels, against 1858, 10
bushels during the corresponding period I
year ago.
"Warmer weather early in the week
checked buying of heavy goods at Ca
madam cities, but better conditions later
| have favorably affected distributive trade
Toronto reports heavy Northwestern buy
ing, with farmers in that section still de
posting wheat in elevators. Deliveries ar
more liberal, although prices are still
above an export basis in Ontario.
american lumbermen are reported hir
; ing a large number of men for work IL
Canada this winter.
Canadian failures this week number %
against % last week. As in this week
year ago, 81 in 1896. 81 in 1895 and 81 il
1894