The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-02-25
COTTON AND IRON IN DEMAND.
THESE PRODUCTS IN THE LEAD
DURING LAST WEEK.

Continued Demand for Raw and
Manufactured Iron and steeI-Re-
marlSnbIe strength Developed i'm
Cotton Goods-Cereal Products Re-
main steady-Lumber Holds Its
Own-Business Failures Remain
About the Average.
New York, Feb. 24-Bradstreets to-mor-
row will say:
Iron and Steel and cotton goods have
shared In public interest this week be-
cause of urgency in demand and conse-
quent buoyancy in prices.
In the former industry the striking
feature has been the continued call for
supplies alike of raw and
and of manufactured material
not only on domestic, but even
on foreign account, and II Is as yet too
early to ascertain the effect Of the num-
erous and heavy advances announced
during the week upon the export demand.
II Is, Of course TO be remembered that
iron and steel are in active demand at adj
vanced prices the world over. and It Is
encouraging TO find that export buyers of
pig iron are following up sheir demands
Notwithstanding recentN advances In this
line. II Is beginning to be questioned. how
ever, whether this country can hold ia
export trade In some products, II pres
ent price tendencies continue. notab,e
example of this Is furnished IN steel rails.
which are now up to a parity with quo
tations In other countries and some @,1si-
ness is said 10 have gone abroad beeause
of this. Iron and steel prices as a whole
are from Is to 80 per cent. higher than
they were at this tiue year ago. and
considering the cost OF production and ex-
port Il Is asserted that profits are but liz
tie below those of 1890
The Improvement In Cotton.
In cotton goods, as In iron and stee, ara
q number Of other products. active exnort
demand seems to have been at the bottom
OF the unquestionabie Improvement which
has occurred in the last three months rha
last week has witnessed specially marked
strength, print cloths. ginghams and gray
eotions all sharing In the price advances.
Ihe export trade in cotton goods Is the
largest ever known for the period since
Jan. !, being more than double the valua
OF exports year ago. Cotton itself ia
rather easier and slightly lower or,s the
week. the result, partly, OF a slightly in
creased movement at the South.
Cereal products remain steady. ana hut
little changed In price. partly because OF
the near approach of the crop scare sea
son and also because of liberal EXPORT
calls. Notwithstanding heavily increased
receipts and continued cutting of refined
sugar by the warning refineries, raw sugar
Is slightly higher on the week, apparently
on the growing appreciation of improved
statistical conditions.
Lumber is reported as quiet at some
markets, as result of late stormy weath-
err, but all markets report prices I'M
changed, except where quotations have
been still further advanced.
shipments of Cereals.
Wheat, including flour, shipments for The
week aggregate 1853 bushels. against
2454,771 bushels last week; s,722 1853 bushels
in the corresponding week of 1898; .372-
2l6 bushels in 1897; 2,2O6773 bushels in 1890.
and 2.6390SS bushels in 1896 Since Jujv
this season, the export of wheat aggre
gate 1862, S97, $40 bushels. against 1sl ,2Of T50
bushels last year.
Corn exports for the week aggregate
2,s71,0 5 bushels, against I $50 8i5 bushels
last week. 1859 799 bushels in this week 4
year ago; 4,744,S5S bushels IN 1897: 3.15s.3Is
bushels in 1896, and 1851 bushels i'm 1885.
Since July /, this season. corn exports ,ag-
gregate 10TH IFS bushels, against 1f4.25s.-
0l5 bushels during the same period a wear
ago.
Business failures for the week number
go a gain of 80 over last week, and corn
pared with 1888 in this week a year ago:
25S IN 1897; 27i In 1896; and 234 in 1898
Business failures for the week number
80. against 20 last week in the dominion OF
Canada Is In this week year ago. so in
1897. 81 IN 1896. and "A in 1895.