The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-11-11
STRONG PRICES THE FEATURE.
TRADE, HOWEVER, is LESS ACTIVE
THAN FORMERLY.

Raw Cotton Advanced ON Apparent
Iy Better Buying In Foreign Mar
kets-WOOI Has been Strong
Though TrnnsnctIOns Were Small.
Prices of Cereals Showed Little or
no ChRnEc-IrreguIRrity Noted In
Iron and steel.
New York. Nov. 1O-Bradstreets to-
morrow viii say:
Strength of prices. natural outcome of
past and present active demand is still
the leading feature of the trade situation,
outstanding that unseasonably warm
weather in some sections OF the country
tend to restrict retail dlstributive trade,
| and necessarily exercises some effect upon
| orders from and collections by jobbers
Less than ordinary interruption is indi-
| Gated by election day observances.
The strength of textiles, both raw and
manufactured has been further accentuat-
ed during the week, Increases being noted
in raw cotton. wool and hemp.
The strength of textiles, feathers oils
and miscellaneous products was calculat-
ed to offset the weakness and irregularity
in metals, not including iron and steel,
however, cereals and other food products
Raw cotton advanced easily this week on
appearance of better buying by foreign
consumers, induced by reports of frost
damage, statistics of small movement and
active domestic demand for the manufac-
tured product Realizing later impaired
some irregularity, and even excitement, to
this staple
Wool has been equally strong, though
| transactions are smaller, and a material
| gain in prices is to be noted, while from
| the manufactured goods branch come re-
| ports of confident strength, and of proba-
| BILE future advances in mems wear goods
| and carpets.
Cereals on a Dead Level.
Cereals appear to have reached a dead
| level, with prices showing little or no
| change The dullness of wheat at domestic
markets finds explanation in Bradstreets
| statistics of the worlds stocks, which
| indicate a gain for the month, of over IT,,
| 100000 bushels contributed entirely from
American sources, however, as foreign
supplies showed slight shrnkage.
Corn is strong, Notwithstanding rather
more liberal current estimates of YIELD
| and largely owing to the readiness of for
| eign buying at concessions. Signs accu-
mulate that shoe manufacturers and job
| bers are meeting with success in securing
recently advanced prices. Hides and leath-
| er are sympathetically strong, and shoe
manufacturers are actively employed.
Activity in lumber Is a feature at many
markets and strength of prices Is no less
marked
In iron and steel there is rather more ir-
| regularity noted. Active demand on rail-
| road account has induced an advance in
iron and steel bars Of 50 per ton, but steel
bilFets are lower, There is a heavy vol
ume of business reported In pig iron for
late 1900 delivery, and that product is
| slightly higher at the East. Blast furnace
| statistics for October point to further in
crease in production, but stocks again
show a decrease pointing to consumption
| still outstrippng production. Copper Is
| dull at the recent decline and tin is rather
weaker.
In hardware, business is relatively more
| active at the west, heavy and light sorts
being equally active, but i'm builders
! grades the outlook at the east is not so
| favorable.
High prices are turning away export
! business in finished products, but imports
show little. if any expansion
Grain Shipments.
Wheat, including flour, shipments for the
week aggregate S42 bushels against g.
| O46856 bushels last week, 3,754 693 bushels
| in the corresponding week of 1898 5445,-
5l2 bushels in 1897, 4664,515 bushels in 1896
and 3,325,025 bushels in 1895. Since July 1
| this season, the exports of wheat aggre-
gale 1895 1858 bushels, against T620,2l6
bushels last year, and s93l9,7S4 bushels in
| 1897-9S
Corn exports for the week aggregate A.
| 5s1,447 bushels, against 4,503 425 bushels
last week; 2,34 ,745 bushels in this week "a
year ago; 2.65l ,546 bushels in 1897; 3,7S2 035
bushels in 1896 and 1,92l,41S bushels in
1896. Since July 1 this season corn ex-
ports aggregate SO, 49, 7 bushels, against
&, 297, 1872 bushels during the same period
a year ago, and 49, $50 bushels in
1S97-'9S.
Business failures for the week number
1872, as compared with ia last week and
1877 in this week a year ago, 273 In 1897,
25S in 1896 and 277 in 1895.
Business failures in the Dominion OF
| Canada number 49, against q last week
! IN this week a wear ago. ~ IN 1907. Al