The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-10-15
Hoods Sarsaparilla
Is the best-ln fact the One True Blood Purifier
Ill, nil are tasteless. mild, effec-
lIOOO IAho tive. All druggists. 25c.
NARROWER MARGIN OF PRoFIT.
Dun Thinks the Change May BE "a
Permanent One.

Permanent One.
New York, Oct. AR. G. Dun & Co. s
weekly review of trade VIII tomorrow
say:
with actual payments through clearing
houses 1872 per cent. larger than in the
same week of 1892 It cannot be said that
business is in any sense falling Off yet
many are complaining because the amount
released as profit is smaller than was
formerly realized in good times In ALL
every branch of business trade is now
transacted on narrower margin of profit
chan in any other time of fair prosperity
There is a great change and perhaps a
permanent one, in the percentage of profits
derivable from trade and manufacture, as
well as in the profits obtainable by trans
porters
Progressive civilization calls for low
er range of profits, and of prices as the
volume of business transacted increases
in order to make possible improvement in
the condition of the working millions.
Wheat business is more active. with
prices about cents higher for spot and
nearly cents for the December option.
Very heavy purchases have been made
within the past few days not as yet re-
fieeted In the official record of shipments,
but the exports from both coasts, flour
included have been 4,1017 bushels
against 6,015 for the same week last
year. 1t is especially interesting that in
spite Of the general disposition of farmers
to hold back their wheat the Western
receipts have been for the week much
larger than last year, and for two weeks
D,7sO495 bushels, against 1886 554 last
year. While little attention is now paid
to the official reports they seem to fore
shadow larger return for the crop than
has been made in any previous year.
1.-THE price of corn has advanced about
cents, though the receipts are just now
larger than a year ago.
The price of spot cotton is a sixteenth
lower than a week ago, and the January
option has also lost a few points, while
there is a weaker market for goods This
is partly due to the official admission that
the prices of print cloths. now a sixteenth
below cents, cannot be sustained with
out a selling agency which is now pro-
posed
Although the production at Fall River
is in excess of demand the difficulty in
prices is probably more largely due 10
the belief that a big field of cotton must
reduce the price of the material. While
some wooden mills have started operations
during the week, quite as many have
stopped. Although wool is about 10 per
cent. lower than it was Feb. l. the manu-
facturers are not buying, and the market
is remarkably dun with sales during he
past two weeks of only 5,179,70O pounds
at the three chief markets, against "a S3l,-
COO last year, IA, $4,000 in 1895, and 49, 703 500
in 1892
''The general feeling is that the price
of the material must decline before the
manufacturer can much increase its sales
Orders for goods have been little better
and few mills have resumed operation,
but there is Is yet no such demand as is
necessary to sustain current prices of
wool.
The iron manufacture again reports a
small increase in weekly output 215, 635
tons, against 213,043 a month ago, and with
the decrease in quantity of unsold stocks
on hand outside the great steel companies
the apparent consumption for the month
of September was 9S3, $40 tons, against $780,
503 In August There are quite heavy
Eastern orders for foundry iron, fully sup
porting prices and at Chicago prices of
local iron are strong, with less DISPOSE
ton to sell Southern pig reduced quota
tons. The orders for finished products
include a very heavy demand for plates
especially for ship yards, several of con-
siderable magnitude for structural works
covering about 1900 tons and an unusual
ly heavy demand for bars, especially on
account of orders for car works, although
there has been an expectation of a big
break in prices of cotton ties In pipes.
Pittsburg has been able to place orders
for thirty miles l0-inch pipe, and other
orders for 100 miles are practically closed
Failures for the week were POS in the
United States. against 223 last year, and
% in Canada, against S6 Last year.