The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-08-26
SHADOW OF THE ESTIMATE.
STILL HANGS DEPREssINGLY OVER
THE COTTON MARKET.

Eject of NciII's Prophecy. However,
seems TO BE Letting Up somewhat.
MARKET l. Firmer. Owing to Re-
morris of Deterioration on Account
of Heat and Observation-Disclosures
ON the situation in Trade-How II
stood Last week.
New York. Aug. 25.-Bradstreets to-
morrow viii say:
strereth in prices and steadiness Of de-
usnd are SUN the salient features of the
trade situation. Iron. steel and other
metals. most of The cereals. leather and
cotton goods manifest upward tendencies
as 20 price. Other staples. with the eN-
cepuon Of sugar and anthracite coal, re-
tain ali their old firmness
Fan demand is expanding at most mar
kets. particularly good reports being re-
ceived from the Northwest and that por-
ton of the corn-growing country which
this year seems likely to be notable for
surplus productions. Aggressive strength
and firmness is noted in iron and steel,
particularly at central and western mar
kets. Consideration of next years needs
now seem 10 be the most prominent fea-
ture of the trade, aside from complaints
Of SOW deliveries on nearby orders. Fore
most IN advancing is structural material.
which has moved up s. per ton, closely
followed by steel billets. with an advance
Of s.. and steel rails and nearly all grades
Of pig @iron with smaller relative gains
Other metals show sympathetic strength.
notable in this respect being tin and lead
Among the cereals, wheat has been quite
firm all the week, partly owing to a whit
Ting down of Northwestern estimates, but
also due to steady demand for the cash
article alike on foreign and domestic ac-
count The relative scarcity Of cash corn
S responsible for the advance shown this
week in the face Of a concededly large
production.
The shadow of the NELL estimate is suil
over the cotton market, which, however.
is firmer, owing 10 reports OF deterioration
due to heat and drought and partly TO eN-
ceptionahy good reports from manufac-
cured goods quotations Of which are tend
ing upwards.
A sudden cut In the prices of refined
sugar mas led to the impression that the
sugar war viii be reopened IN all its
ferceness
Additionally strong features in the gen
eral trade situation are the active demand
for lumber at most markets at steady
prices and the frmuess in the higher
grades of wool Notwithstanding less ac-
tive buying A supporting feature in this
latter case however, is the active demand
reported, both for mems and women :
woolenwear.
Conditions of supply and demand seem
to be at the bottom Of the recent rise IN
ra.aH... a
increased receipts of CRASHED cattle ana
some shading of quotations is noted, but
Chicago prices have only been equaled five
times in twenty-one years. There are
nearly 100000 less beef cattle in the
country than there were seven years ago,
and in fact there are fewer cattle in the
country now than in any years since 1882,
Reflection of the smaller supply of hides
and of the active demand for boots and
shoes is found in higher quotations for
hemlock sole leather at some markets.
one of the least satisfactorily situated
trades is that of anthracite Goa, in which
production appears TO have outstripped
consumption again and there is com
plant of price cutting
Wheat. including -four. shipments fol-
the week aggregated 3.a3S25 bushels
against O09 bushels last week; 1858.
476 bushels in the corresponding week OF
1898; 5,149 $50 bushels in 1887. S,2Sl,S 54 bush
Since July ] this season the exports OF
wheat aggregate %. sos S94 bushels. against
.. 9O6 552 bushels last year. and 2,5S2, 80.
bushels in 1S97-'98. Corn exports for The
week aggregated 4596.097 bushels, agains
553l .lO5 bushels last week; 2648 1913 bush
els in this week year ago; 2GS2, ASP bush
els in 1897, 26l4309 bushels in 1896 anC
1l24,536 bushels in 1895
Since July ] this season corn exports
aggregated 37,l23,04 bushels, against %,
ST .29S bushels during the same period
year ago, and 22,34S, 295 bushels in 1897 IS
Business failures in the United State
for the week number 175, as against II
last week. and IN this week a year ago
30 in 1897; 800 in 1896 and 1870 In 1895. Bust
ness failures In the Dominion of Canad
for the week number 23 as compare
with 20 last week; q in this week a yea
ago; 80 in 1897; 81 in 1895 and ~ in 1895.
RACE FOR SOLICITOR GENERAL