The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-09-10
FEW REPORTS OF POOR TRADE.
BASIC FEATURES CON-
TINUE IN EVIDENCE.

Iron and steel StiH Hold Their
Bright Conditions, and Prices of
Staples Are Now the Highest for
Five Years - Railway Earnings
Showing Larger Gains - steadier
Tone In Wheat-RepOrts From the
south still Good Notwithstanding
the Damage By Heavy Rains.
Southern Mills Have Done Wen
During the Season just Closed.
New York, Sept. 9-Bradstreet's to-mor-
row will say: "Heatiand holidays have i'm
parted an irregular appearance to specu-
lative and general distributive trade this
week, and therefore, to bank clearing re-
turns, more particularly at the East, but
with the arrival of cooler temperature
some improvement is reported at those
markets. Generally speaking, favorable
basic features already noted still con-
tinue most in evidence, and the attitude
of quiet confidence in future good trade
Is undated. Conditions is many leading
industries, but particularly in iron and
steel, and it's various products, are of con-
tinued and, in some cases, growing
strength. The general level of prices of
staples is the highest reached for FIVE
years past; railway earnings, favored by
the enlarged movement of wheat, for
which the market is showing larger gains
than have been recently reported, a good
export demand for agricultural and manu-
featured products Is reported, failures re-
main at a minimum, and reports Of poor
froI do Nrr f,,f,.
quency.
LESS favorable crop reports from abroad
and a good export inquiry are reflected
in rather steadier tone in wheat and in
advanced quotations for ocean freights.
Corn continues to experience a weather
market but prospects of yield are still
regarded as favorable Following the in
tense activity in the placing of orders for
iron and steel in the past few weeks has
come quieting in the demand, but expe-
riences of buyers and the very firm and
in some cases the upward tendency of
prices point to the conclusion that the hull
is due almost entirely to the mills being
already heavily oversold Export business
has certainly been checked by inability of
American mills to deliver within the time
limits set but orders have been placed at
the West this week for large lots of steel
bars for shipment to England.
"Unabated activity at Chicago, and dry
goods shipments cannot be made fast
enough. Small but numerous advances in
prices of different classes of steel are re-
ported from that city and st. Louis. Rail-
roads are reported buying two to three
months ahead of time. Business is active
at Kansas City, Omaha, Cleveland, Louis
vile and throughout the entire North
west On the Pacific coast San Francisco
reports merchants interested in develop
ing trade with Hawaii. Healthful activ-
ity exists in distribution at Portland, Ia
coma and Seattle. Some check to trade
is reported in the lower Mississippi val
ley, caused by reports of yellow fever
and heavy rains on the South Atlantic
coast are said to have impaired cotton
crop prospects and to have checked trade
and collections, but the report from the
South as a whole is still good based part
ly upon last seasons immense yield and
confidence in another heavy crop this
year. Southern mills have done well dur
ing the season just closed, contrasting
sharply with Northern mills in this re-
spect, but the need of an increased for
taxable. In the East more is doing in
lumber, drugs, paints and glass at Phila-
delphia. General trade is quiet at Balti-
more. Hot weather and holidays checked
business In dry goods at New York. but
cooler weather has brought an improved
spot demand. Wool sales have again fall
en- off at Boston; cotton goods are quiet,
but steady, and the demand for mems
wear woolens is not up to expectations
Wheat shipments for the week, including
| flour, aggregate 100 20S bushels, as against
| 367S,040 bushels last week. 5,461 sos bushels
in this week one year ago, 3,799, al bushels
| in 1895, 099 bushels in 1885, and 2.7S9 =
| 900 bushels in 1894. Since July / this year
wheat exports aggregate 81, 493 800 bushels.
| against IS, 81, 752 bushels during the same
| period of 1897
Corn exports for the week aggregate
| 3,S68, S69 bushels, against 1861 700 bushels
| last week, 4,943,348 bushels in the CORE
spending week of 1894 2,265, 44S bushels in
1896, 849 502 bushels in 1895, and So, so BUSH
els in 1894 Since July l, this year. the ex-
| ports of corn aggregate Is, 4O7,S $40 bushels
compared with 30, ISL bushels last year.
cuisines failures in the United States
| number 142, against 1854 last week l73 in
this week a year ago 30S in 1896, 213 in 1895.
| and 223 in 1894.
| Business failures in the Dominion of
Canada number II, against % last week, 80
| in this week a year ago, Al in 1896, % in
| 1895, and 2S in 1894, and IS in 1893