The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-01-14
STAPLES SHOW STRENGTH.
,c CASH DEMAND FOR WHEAT
mas FORCED UP PRICE.

Foreign Demand for High
dos of Cotton, but the Low
e.,5e. Are Rather "A Drug on the
warkct-Iron and Steel Hold Up
v,.u-Formation of Many Syndi-
.s Has Affected Trade-Ship-
8 mcuts OF Cereals.
. New York, Jan. 13.-Bradstreets for TO-
a morrow VIE say:
Perhaps the most notable feature OF the
..,5o situation at present is the strength
8 If nrices of nearly all staples, particular
4 " Of cereals. cotton, iron and steel, which
have apparently gained further ground
q since the first of the year.
n Exclamation of the strength of wheat Is,
n 81 course found in the good cash demand
4 which seems to meet any slight reaction
3 IN values and which has placed the price
at q ooinl as high as at any previous time
q f,r three months past. This cereal and
q earn are both in exceptionally good de-
y mand abroad judging from the large ex-
81 norris renorted and good foreign demand
4 & acknowledged the secret Of strength in
cotton. shipments of which continue
3 heavy feature of the dealings in this
& s,aple is the ready demand for good grades
q and the Indifference manifested toward
3 low grades. which, owing to the bad
E weather at the South, are in larger than
8 usual supply. Cotton manufacturers, in
& deed. have been complaining for some time
a Of The low spinning quality and waste of
Il the present crop.
While large sales of iron and steel are
4 not so numerous as in recent weeks
further advances in prices, notably of pig
& iron. steel billets, plates and rods, bear
q testimony to the eagerness of buyers TO
n secure supplies, and the utmost CORE
q s1onding Indifference of the trade toward
& new business, the order books of most of
& the mills being reported well filled. Pig
4 iron production is the heaviest ever known,
and nut stocks show further depletion. The
q successful floating of a number of large
Il consultations in this industry of late, has
naturally stimulated interest and discus
4 sion in further consultations.
Forming New Syndicates.
The formation of syndicates, however, is
not confined to iron and steel, because
4 within the week there are reports of a
& projected great tobacco syndicate, having
Fl for its object the securing of control of
the entire Cuban supply this year.
Among other rumors Of consultations
is the story from the Pacific coast of a
proposed consolidation of salmon Gamers.
Tin Plates show the effect of the consol-
4 h2ron 10 this line in an advance from the
n low figure reached some months ago.
The strength of cotton goods is still a
II feature of the dry goods market, but the
hoped-tor advance in raw wool has not yet
LaeHallzed, and the trade in manufac-
& tlTed wooens is stin slow.
E Ine feeling of confidence in the lumber
s. uaqe is undated, and an active demand
IS lqoEed for in the spring. the strength
y nara woods being a particular feature
III this connection.
fuees for boots and shoes are held
Steadily and the outlook is regarded as
favorable Leather, too, is firm and hides
sie 10 sympathy
Id other Industries activity is a feature.
"o'able Instance being the heavy vessel
"u'se now being built both at the lakes
aDu on the sea coast, aggregating for mer-
e,'ue and national purposes a total
-.ln,n 10 Do far in excess of any previous
f'''od IN the cOuntry's history.
Cereals and Failures.
"neat including -four, shipments for
go h aggregate 5,64701 bushels. against
IN ,-" bushels last week; 5,299, SIT bushels
ge corresponding week in 1898: S,94S. $50
o,' 10 1897 S,2O2124 bushels in 1896,
:, '''ei. io9 bushels in 1895. Since July /.
1saSoh the exports of wheat aggre-
ILLUSIONS bushels, against 1877, TAP ,SQ1
'.s"eF last year.
4 s.roo ~, exports for the week aggregate,
I h.. bushels against 4,Si4,2SS bushels
week 46il7j0 bushels in this week
@, 'Jl' ago. 5,75I2S1 bushels in 1897; 's.-
In 1896. IT. 1852 ana Ool'zof bushels
sn ounce July L. this season corn exports
4l4E. I, %''l3S9 bushels, against 49,.
year ,,,1 S''-'s during the same period a
iraraa., failures for the week show an
inc 40, over the preceding week. number
p.raS against 327 last week. but com
a. WIN i25 in this week a wear ago.
nadia, 1884, az in 1896 and 37S in 1895. Ca
as,tr.. .1.uies for the week number "a
year soo ~ last week; SIS in this week a
% IN 1897 and 70 in 1896.