The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-09-30
REMARKABLE RECORD KEPT UP
,ooD BUSINESS HAS NOW HELD ON
FOR TWELVE MONTHS.

,,-e Than 40 Per Cent. Increase in
cIeorings-NO Doubt Now That the
nemand Is a Healthy One-Deman6
cor Iron still Holds Its Own-In-
cotton Market. in Good shape, and
80 Is wool.
New York, Sept. Or. G. Dun & Cos
weekly Review of Trade will say to-mor-
row:
September is the twelfth consecutive
month in which the volume of business,
no,1 at New York and outside of New
York had been greater than in any previ-
ous wear. In these twelve months pay
nents throsgh the clearing houses have
been SS9. 600, 900 against SCI, 100000 900 in
twelve months. ending with September,
1872. an increase of $2S, 400, OOO, 600 or over
A. per cent.
When the tremendous expansion began,
men called it replenishment of long de
Melted stocks; then for a time 1t was called
2 crazy outburst of speculation and when
demand still expanded some permanent in
crease of business was recognized as a
result of increased population earning bet
Ter wages. But the demand still grows,
now ranging about 60 per cent. greater
taan in 1892. while population according 10
treasury estimates, is 10 per cent. greater,
and wages are not over 10 per cent. great
en- \ reconstruction of business and in
du-tries of produciug aud transporting
forces, is III progress throughout the land,
with results which none can now measure.
Iron stiII Holds Up.
Iron consumption, instead of 10000 tons
per month in 1892, is now over 100000 tons
per month, and yet is so far. behind
the demand for products that the capacity
OF most works is sold far on into next
year With sales of 10000 tons at Pitts
burg. Bessemer pig rose to $3.50. Chicago
coke and Southern pig again rose 81 and
new furnaces are sold many months ahead
before they begin work. Bars are hard
10 get at any price the whole output Of
the Republic Company being sold to jan
uary and 225 is quoted for common at
Piusburg, while at Chicago the great de-
mand for car building falls on works over
.rowded Contracts for 5000 plates have
been placed at Pittsburg, and at all points
the price is rising with astonishing de
mand Sheets are also higher with the
demand intensified by renewed efforts for
consolidation.
ton in nine months have been 35O0,67S
cases against 1888 $50 in 1892, and in four
weeks 800 622 cases, against 360699 last
year. 376.711 In 1897 and less in any other
Years. Here the increase is more nearly
proportioned TO population and wages, but
works are all a month or more behind
their orders for the season. Spring orders
are fair, but restricted still by unwili-
ingnesS of makers 10 contract largely at
prices now Obtainable. which average
about cents advance, where makers deem
~ cents necessary.
With Wool and Cotton.
The wool market is active, with a gen
eral advance averaging about z cent on
washed fleece combing and some unwash-
ed; the entire list quoted by Coates Bros
probably averages about Il cent higher
heavyweight woolens are well cleaned up,
and of spring worsteds many lines are
withdrawn, the clays being nOminally adj
vanced TO $1.45, with some fancy worsteds
per cent. higher.
Stronger demand for cotton staples
causes an advance of Il in brown sheet
inss and drills and one-half cent in some
bleaChed goods. A broader selling ar
rangement al Fall River seems likely to
prevent the proposed consolidation. Cot
ton opened the crop year at 6.25, and
has risen to 6S7, although about a quarter
more has come into sight than last year
from the greatest crop on record, and
stocks here and abroad commercial and
MILL are $4,000 bales greater than a year
ago. But belief in serious loss by drought
gains ground, and also belief in largely in
creased manufacture
Wheat exports from the Atlantic and
Pacific ports have been 4294, 1856 bushels
for the week, flour included, against A.
s6l 0o2 last year, and in four weeks 12,95l,-
265 bushels against 15,061, S64 last year. The
foreign demand has aided TO sustain
prices, which closed 7c higher than last
week, although Western receipts have been
2Sl29 51S bushels in the past four weeks,
against 81, S30573 last year.
Corn is unchanged in price, and still in
large foreign demand, exports having been
IN four weeks 12,155,94 bushels, against
Sl33,64l last year, with Western receipts
Of 24,433,S74 bushels, against 15,S19,292 last
year.