The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-11-04
FAIR WEEK FOR BUSINESS.
BRITISH STILL READY ron GOOD
INVESTMENTS.

Rising Prices Have Encouraged Cot
ton Manufacturers-Pri for Pig
Iron for Early Deliveries Are stiII
AdvancIng-some weakness APP
pears in other Lines-PrIceS Asked
for HoOfs and shoes seem Too
High-other Market Features.
New York, Nov 3.-R G. Dun & cos
Weekly Rerisu of Trade, viii say to NOR
ro-g:
british Disasters IN South Africa have
brought 10 view something beside the
steady seIf-reliance Of me Bri ism people.
Il is that thsy rod rot many American
securities to be dls,odg5d in any time OF
alarm, but are inclined 10 take more when
money looks FIR safe investment.
\ decline Of sc in wheat and 11ac in
corn does not hinder exports though 1t is
some evidence that growers think they
have ample supplies. Atlantic exports of
wheat for five weeks have been, -four in
Guided, 1856, sos bushels, against 1S,1S2,63l
last year, and Pacific exports, 2,71S,551,
against 1917, 434 last year. Western re-
ceipts Of wheat have continued heavy, but
have not rivalied last years extraordinary
outpouring, amounting to only 1898 ,0s7
bushels in five weeks, against 40, 791 last
year. but Western corn receipts run ahead
of last years In the same weeks, and the
exports have been 1S,6S4O44 bushels against
II sos. 1853 last year
The enormous sales of wool at Boston,
q, 557, 800 pounds reported, making 25,S6S, 700
at the three chief markets this week, are
all fc Cor
consumption, as the trade Is naturally
tempted to believe. may be true, and yet
actual purchases by the mills of half that
quantity would imply extraordinary en-
enlargement respecting the demand for
wooden goods. The prices have been gen.
orally advanced to an average scarcely be-
low those of May, 1892 and for Ohio light
and dark unwashed and pulled wool, were
slightly higher. Expectation of higher
prices at London caused prompt much
speculative buying.
| Cotton Men Encouraged.
The cotton manufacturers are also en-
| couraged, with prices rising so that mid
| ding uplands at 7 56c, goods are relatively
| higher in price than they have been since
| Oct. /, but whether both will advance
| much further depends upon the correct
| ness Of current estimates of the forthcom-
ing crop.
Prices Of pig iron for early deliveries
are still advancing, but as q great part of
the demand has protected Itself by con-
! tracts running far into the next year, In
| GLIDING purchases of $4,000 tons Bessemer
| this week at $3.50, and as billets are quot
ed at $3.50 for spot, but $35 for next year,
the market can be interpreted several
ways. Anthracite pig Is also quot
ed at $3.50 for early delivery.
But no finished products have
| advanced during the past week, excepting
refined bars which the Eastern Associa-
tion has put up one dollar per ton.
More weakness appears in some lines OF
| which the works have not orders running
far ahead. But 1t is claimed that 10000,
tons of rails, 50 per cent. of the entire ca
pacity, has been sold for next year. Tir
is weaker at 80 so and Lake copper at II
cents while spelter is offered at 4.S5.
In the Boot and Shoe Market.
| Dealers are refusing to pay the higher
prices asked by manufacturers Of boots
and shoes, to such an extent that future
orders are somewhat restricted.
| Yet the October shipments were 473, 70
| cases, against 1929 last year, an increase
OF u per cent, and 967 ,9S9 in the sans
week of 1892, an increase of nearly 80 pei
cent. Considerable irregularity appear
in the relation between demand and sup
ply, with rather more general hesitancl
in buying on the part of dealers in wo
mems goods. Hides and leather remain
strong, packers having somewhat advanc
ed prices at Chicago, their supplies being
sold four to six weeks ahead.
Failures for the week have been 1888 Il
the United States, against 1874 last year
% in Canada, against Is last year.