The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-12-02
BUSINESS REMAINS HEALTHY.
,sGE DECREASE IN AMOUNT IN
VOLVED IN FAILURES.

,-,tume of solvent Trade Is Much
crcater Than Was the Case Last
Vear-wheat Remains Weak, and
There Was "A Slight Decline in
Corn-LittIe Change in Cotton
Recommendation Presents Some Re-
markabIe Features.
NV York. Dec. 1.-R. G. Dun & Co.'S
v,-.s.rv Review of Trade tomorrow will
say:
posiness continues wonderfully large,
rrosperous and healthy. AS the detailed
s,,,sn7ent of failures by branches of bus
,,ess cannot be made until next week, il
..sms well to say that in four weeks fail
,.rss have been reported amounting to
$50 against $s,110475 in the same
,.sels of last year, 81 ,61O,195 in 1897, and
o,sr sl2 900 in 1885, and also in 1895.
The volume of solvent trade reported by
exchanges at the principal clearing houses
has been for the month 22.5 per cent. great
~ man last year. and As per cent. greater
.b,r In 1892. Thus, the ratio of defaults
20 business payments was $257 in $1,000
for November, 1885, and $2.75 for 1896, and
sal5 for 1897, but SIPS for 1898, and only
% cents in $1,000 for 1899.
In many lines the volume of business
bae been larger than in October, notwith
sanding the extraordinary flood of buy
Ing ever since the beginning of last March.
Cereals and Cotton.
Wheat remains weak, yielding IA cents,
ottbough Western receipts were barely
half last years for the week, and for four
weeks only 21,743,5O5 bushels, against 49,,
so2 739 last year. The great decrease in
Atlantic exports for the week, only 2,41o,
IA against G, 1913 fj6 bushels, and for four
weeks 1O173, 735, against II, 1888, 21O last year,
explains much weakness.
Corn declined / cent, with slightly small
or exports than last year for the week,
lr1t Cor four weeks 15,245,745 bushels,
against H. 49, 98 last year.
The cotton movement has not changed
much. but prices gained 1-16th for the
week, closing at 7.S1, against $50 last year.
The larger takings of spinners and the
great demand for goods have materially
helped the rise.
Cotton goods nave remained strong, all
coming forward not under contract being
snapped up quickly, with contracts still
untitled running into next year. In wool
ems a strong demand continues for dress
goods and cotton warp and all wool cash
rneres tend higher, but there is not much
change in mems wear, nor such a rise as
to Justify the high prices paid for wool
Sales continue heavy, but largely specula-
tive and stimulated by the rise in Lon
don. The excitement of speculation leads
many to overlook the fact that purchases
Of goods are to some extent hindered by
the rise in prices already made.
Iron and Steel Market.
The iron manufacturer has TO meet a
greatly increased cost of material next
year Pr ces or 1860 have been fixed at
$50 for Ressemer ore at lower lake ports
against S2.53 last year and $425 for nom
Bessemer against s. last year. while coke
at 81. at The furnace with high rail ra es
in every direction, irdi tie hat on will
net be made cxt year as cheap as ID has
been. Prices of pig still advance accord
Ing to the Iron Age, Bessemer to $25 a
Pittsburg, with very small transactio
and grey forge 10 S21.25, quotations at 9th
er points being unchanged. Prices of some
finished products are 81 II yield ng as works
run out of orders and compete with each
other for more business, and refined bar
is g per ton lower at Philadelphia, COM
mon s. per ton lower al Pittsburg and
plates So lower at Philadelphia, with fur
Il Their concessions in sheets because many
Of the lin plate works are now closed Some
Of the iron works about Pittsburg are run
ming half time.
The shipments of boots and shoes in four
weeks have been 373,907 cases, IA per cent.
larger than in 1897, and 80 per cent. larger
than in 1894, exceeding those of other years
even more. But new business, although
considerable in quantity, shows marked
decrease, because of the prolonged rise in
prices. even though that rise has been rel
atively less than the advance in leather.
which still continues, or in hides, which
mas apparently been checked again.
Failures for the week have been IA In
the United States, against PSI last year,
and q in Canada, against 10 last year.