The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-10-21
WAR HAD BUT LITTLE EFFECT.
TRADE RELATIONS HAVE BEEN
Practically UNCHANGED.

Dun's Says in Most Lines business
Continues to ENpand-Works EV-
erywhere Crowded to Their en-
pacity-scarcity of Hands at Many
Points Cotton Consumption In
Eeavy-VfsibIe and Wills Supplies,
However, by no Means Exhausted.
New York. Oct 2o-R. G. Dun & Cos.
Weekly Review Of Trade win say to-mor-
row:
In most lines business continues 10 ex-
pand, though in some instances there are
signs that buying has been checked, eth
er because prices have outrun the views
Of buyers or because recent purchases
have been so heavy that nobody IS left in
need. Prices are stiI advancing in ~
most every line supported by rising prices
of materials and works everywhere are
stIu crowded TO their utmost capacity.
while AT many points Il is found hard 10
get enough competent hands. But the
volume Of business expressed in values
show much more than prices. there hay
ing been remarkabl increase in quanu-
ti5s Of goods exchanged
The outbreak OF war in South Africa has
brought no such changes as many feared.
In England the markets have treated it
as an event already over-discounted, and
relations with this country were not up
preciably affected.
The outgo OF cotton is just now checked.
but for other great apes ana manufac-
tured products the foreign demand is sur
prisingly sustained. Wheat has declined
1Iac in price in spite of unfavorable crop
reports, and Wesle rece pis do not keep
up with the Unprecedented movement of
last year, having been but %, 454,4 400 BUSH
e.s against Se,392,49l during three weeks
of October last year.
But Atlantic exports, -four included, Rave
been in three weeks of October l0.6792l6
bushels against .226 last year, and Pa
cidc exports 1859 ISIS against 2,7953l2 last
year.
Beyond doubt prices would rise far and
fast with such a foreign demand IL official
and other current reports Of yield Were
fully credited. Corn exports and testimony
as 10 foreign needs. having been in three
weeks 1884 ,fo5 bushels against 7020]9 last
year.
Farmers Holding Cotton.
The upward movement Of cotton, three
lxleeuths for the week, has now come 10
depend largely upon a great speculation,
for farmers by the thousand are now hold
ing back cotton to some extent. while i'm
portant banking and trading interests are
enlisted. The consumption is heavy but
might be much larger, even with he low
esI estimate of yield, without exhauSting
the visible and mill supplies.
Prices Of goods have risen so far that
there is some doubt whether they can be
maintained. WOOL has also enlisted pow
erful specula tive interest and sales of H.
$4,000 pounds for the week a the three
chief markets represent about twice the
consumption. But il is stated that man
ufacturers, exclusive of the American
Wooden Company, have been buying quite
freely, and while goods for mems wear
outside of worsteds were not particularly
active, there has been excellent business
In fresh goods.
In Iron and Steel.
Sales Of 5000 tons Bessemer pig and
reported demand for 10000 tons bllets In
a bare market at Pittsburg have made
quotations less intelligent than usual
Bessemor sales a 1923 for next year and
$3.50 for this year at Pittsburg are re-
ported with billets sales al $S9 to $40, and
sales of sheet bars at $36 per ton The
Western markets are strong, and the East
ern not changed.
While leading orders for bars are refused
al Pittsburg by the works, which are full
for many months ahead others just start
ing are seeking such orders at 81 cents
and the Chicago and Pittsburg markets
are stil full of orders for plates, although
the works at Pttsburg have nearly caught
up, and some of them are now taking only
275 cents, against 290 last week.
Some works are also taking orders for
sheets at 30 and in other directions
there are signs that the enormous produc-
ton begins TO be felt. There is a posi-
bility of check owing to a shortage of cars
at Connellsvile, which restricts delivery
OF coke, the output for the week having
been 1929 tons, with more ovens in oper-
alton and prices unchanged In the minor
metals tin is very dull and declining at
Size and the copper market has been
broken, Lake being freely offered at 1Sc.
Failures for the week have been lax in
the United States, against POI last year.
and 20 in Canada. against "a lasL vear