The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-10-28
Trade QUIET, PRICES GOOD.
..1 BUSINESS HOLDS UMPIRE
CEDENTED VOLUME.


".tobt Rates-COttOn Fell on
l,,ubtIv. But Cotton Goods Hold
- strength-IrOn and Steel
Let Presents Notable Features.
-, contracts for RaiIs-Ship-
,ort, of Cereals.
New York oct. 27.-Bradstreets tO-mor-
ron will say;
o,ia-ing down of distributive trade
%. Particularly at retail, is reported in
famed accounts to Bradstreets this
I- craving out of the unseasonably
weather now being experienced in
80 sections of the country. Reflection
- +,e is found in less urgent orders re-
.,.,e5 by iobbers, and in somewhat i'm
,.rsd collections at many points.
,s regards prices, however, there is no
.o,rsciab,e loss Of strength. the great ma
s.-,tv of quotations remaining steady and
r,o,q those making changes. advances
s+iu most numerous. That the general
business of the country remains al an I'M
r.s,ederted volume. is testified to by the
heavy gains noted in bank clearances over
,ear ago, and by the immense increase
!, railroad earnings over exceptionally
GOOD returns last October. As regards the
current activity in transportation
=, NAV be said that east-bound traffic from
Chicago in the past month has been more
that double that reported in the same per-
bj q wear go and nearly twice as large
., that reported in October of 1892, a rec
ard nsriod of good trade. The ocean
trsiF6t situation is gradually improving,
rsrilv because high rates are attracting
an available disengaged tonnage and part
Nv because the check TO foreign buying,
PARTICULARLY of cereals, caused by the adj
,snce in steamship rates, has exercised a
rs1ex action on the latter market.
with the Chief Products.
simultaneously with the drop in freight
rstes this week has come a hardening of
mutations for cereals, partly the result
If this improved foreign buying meeting
he late decline and partly also because
foreign and domestic demand for corn
b3. not as yet brought out the flood of
offerings earlier looked for. Wheat has
teen svmpathetically strong, as have other
CEREALS and wheat flour has been advanced
this week.
Coffee is firm, but not much higher on
the week. some speculative reaction hav-
Ing been noted.
Among leading products decreasing in
price tin and copper among the metals
have been most notable, the latter claimed
TO be due to production approaching more
to a parity with demand
Cotton is fractionally lower as the result
Of the deadlock between foreign consum-
ers and American producers. The situa-
ton of cotton goods, one of aggressive
strength. is consequently a supporting fea-
ure Of no small account
The strength of wool is natural, i'm view
Of the very large sales, much of which
are claimed to have been for account of
manufacturers. In wooden goods demand
favorable and further price advances
are predicted Lumber, after slight hest
ntion az some markets, due to enlarged
supplies is again very firm, as also are
hdes and leather, in sympathy with recent
aiyan1es in boots aud shoes.
iron and steel Market.
The situation of iron and steel is. per-
hans the most notable one yet presented.
The feature of the market is the reported
booking by the steel rail mills of the coun-
n u Of nearly IS per cent. of their capacity
for next years delivery. In all 800, 600 tons
Of rails are reported to have been booked
for delivery next year and there is in ad-
Gdon considerable unfinished business of
further enlarge the volume of business
handled next year.
Heavy buying Of pig iron, undoubtedly
cover some of these rail sales, is report
ed in the Central West at prices little be-
low those ruling for some time past In al
ued lines of business demand is still very
heavy, demand for steel for cars,
for plates for shpbuding, and for WIRE
beng additional signs of strength. De-
nan1 for hardware is active q r1v al
markets.. The scarcity of supplies noted
last week is stl a feature, and jobbers
are sun pushed for prompt shipments.
barbet wire, nails and hand implements
tend higher at some Eastern markets.
Complaint that present high prices are In
Junhs our export trade is also hard.
Exports of Cereals.
Wheat including flour shipments for the
week aggregate 4,416,49 bushels against
fI~6S bushels last week, $3.50, 991 bushels
M lne corresponding week of 1898; ssh, 1891
bushels in 1897; 3628, 900 bushels in 1896, and
-''i"1l4 bushels in 1895. Since July l, this
s,ason' the exports of wheat aggregate Co.
g+-ID bushels, against 67O71 $50 bushels
''st year, and 1928 694 bushels in 1898.
eo,h exports for the week aggregate A.
.-.'i' oushe s, against 5,05S 697 bushels last
wen, -i-A3l1 bushels in this week a year
.So' IN 1873 bushels in 1897; 2,649. 425 BUSH
N I'D IA@ and l.970,J60 bushels in 1895. Since
Fly @, j TINS season. corn exports aggregate
5''999'o bushels. against 47,SS7S07 bushels
11 5'tus lhe same period year ago, and AS
"'4 bushels in lS97-9S
BUSINESS failures for ire week number I'll
sConp1red with 221 last week, 219 in this
c5 s7A d year ago, 2lS in 1897; 246 in 1885, and
-''Ss failures for the week i'm the Do
81 W canada, number q as compared
.-n % last week, % in This week a wear