The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-05-06
MARKETS TONE is STRONG.
THE ERA OF CoNsoLID ATOMS NOW
UPON THE COUNTRY.

First and Foremost Is the Iron and
Steel Combine, and Then Comes
the Gigantic Copper Trust-WhOIe-
sale Trade Is Good for This Sea-
son of the Year--Activity in Real
Estnte-BusIness Failures Are
Down to the Lowest Point.
New York, May 5,-Bradstreet's to-mor-
row will say:
That this is, indeed. an era of trade and
industrial combinations seems evident
from the long list of announcements of
new consultations, rumored or actually
fioated, coming 90 public view this week
Whether this tendency has as yet reached
its elimination cannot, of course, be cas-
lily predicted, but ia some lines of industry
the announcements of projected console
dations would seem TO have left little
room for further operations Of this kind.
Easily first in this direction is the gi-
gantc iron and steel combination, an
nounced with seeming confidence as in
process of formation. Second only to this.
however, is the actual floating OF the great
copper combination. Outgrowths, as these
great combinations are, of immense in
dustrial changes in many lines, they pos
sess a special interest in the world of
trade and finance because of the immense
aggregations of capital or industry in
vowed in their projection, or their carry
ing out 60 a successful finish
While wholesale trade continues of a be-
tween-seasons volume. very general evil
dence is forthcoming that the aggregate
is in excess of last years undeniabIy good
proportions and retail. demand is of an
encouraging character. That the volume
of fan business booked is in excess of the
average is very generally conceded. Ad-
vances in prices and reported great activ-
icy abroad point to the widespread demand
for iron and steel and render less doubt
full the hold of American products on for
eign markets
General Values Strong.
The tone of general values is notably
strong for the season of the year. a
prominent exception being pork and hog
products generally, which have been the
subject of bearish manipulations. Cereals
are generally firm, cash wheat being
fractionally higher at the seaboard on In
corruption to movement by the water
route, caused by the grain handlers
strike at Buffalo, while option business is
in a waiting stage pending the govern
| ment report on wheat conditions and
| acreage next week.
Crop advices are still contradictory, but
tI,a.- 1,oe 10 fa,I
! planting and growth of spring wheat,
while foreign crop .advices continue good
| and export demand is of only Moderate
| proportions. This, coupled with smaller
| than expected decreases in the world s
visible supplies reported TO Bradstreet S
this week, acts as a check to values which
might otherwise record the admitted dam
| age to the winter wheat crop.
Copper among the metals, retains all
| its strength. specula tive interest in cop
per consolidation being a sustaining fea-
ture, offsetting depressing effects on con-
| sumptive demand of the recent advance.
A Special Feature.
A special feature this week is the activ-
| ity in building and in real estate report
| ed from number of widely separated
sections, and lumber and building materi-
| ais generally are consequently firm OF
| tending upward. -
| In textiles, raw cotton is rather weaker
| on improving weather and crop condi-
| tons; but manufactured goods are very
| firm, and some brown and bleaehed export
grades have been advanced. Wool mar
| kets note a change in the buying of some
| large lots of domestic woods for specu1a.
ton, and prices are firm in sympathy with
| the advanced quotations paid for SONS
| large lots of Australian bonded WOO,
| bought for re-export
| The strength of sugar shows no dini.
| mutton, despite recent advances. and FIR.
| Their gains are to be noted, chiefly OWING
| to good domestic demand and adyancins
| European markets Leather and hides are
| firm, and boot and shoe manufacturers are
| realizing advanced quotations.
| Business failures are down TO their low
est level, numbering only 164 this week
against 1884 in this week year ago.
| Shipments of Cereals.
Wheat, including four, shipments for tn,
| week, aggregate S,4S4,Os1 bushels. aeains
S,02S, 403 bushels last week, 1923 775 b1sbel,
in the corresponding week of 1898. / 7s9 70.
bushels i'll 1897; lib bushels In 1895. anf
2,S05. 800 bushels In 1895. Since july / If mi,
| season the exports of wheat aggregate 100
| 74,662 bushels, against 19S, 876 40 hushel,
last year
Corn exports for the week aggregate o
S47,290 bushels against 2,615, 079 bushels las
week; $3.50 bushels in this week a yea
| ago; 312I7S1 bushels in 1897; S91, 756 bush
els in 1896, and 933, S97 bushels in 1896. Sine,
July ] of this season corn exports aggre
| gate 143 $50, 113 bushels against ISL. 525. %
| bushels during the same period a year AGO
| Business failures in Canada number 2
against q week ago, and % in this weeI
| a year ago.