The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-03-11
PLENTY OF TRADE ACTIVITY.
PRICES REMAIN STRONG EXCEPT
IN CEREALS AND WOOL.

The Feverish Demand for Iron ana
Steel Continues-Wnges Have RE-
Gently been Advanced for Nearly
175,OOO LRbOrers-Ensier Tendency
i'm Wool liz the Disappointing Fea-
ture-Lumber and Sugar Are Act
ive-Business Failures.
New York, March 1O.-Bradstreet's to-
morrow will say:
Industrial and trade activity is still a
pre-eminent feature Of the general BUSH
ness situation. Price strength, too, Is not
able especially in view of the midwinter
rise Of February. except in the case OF
the leading cereals and WOOL
In manufacturing lines, the situation Is
one of great activity. Additional adj
vances in wages announced this week,
seem likely TO swell the number of work.
ers whose wages are reported advanced
almost to 10000.
1.-THE iron and steel trade is still excited
by reports Of feverish demand, inadequate
supplies and further advanced quotations.
Shut-downs for repairs and other reasons
have reduced the pig iron output quite
AAifAaoi ihiys hilu thAttul piOuuEkiOn ~ Sdlu
to be considerably below that of Jan. L.
The number Of old furnaces being furnish
ed up and put in operation is steadily in
creasing, but the effect as yet on pro-
duction is not very marked.
Wool Market UnsatIsfactory.
IAN easier tendency In wool IS one of
the disappointing features OF the week.
the outgrowth particularly of unsatisfac-
tory demand for mems wear goods but
also a reflection of reports Of projected
combinations In the finished goods trade
The demand for cotton goods is very
active, and nearly all classes are firmly
held, though finished goods have not adj
vanced to the same extent as the cruder
makes. Cotton remains steady, and the
reduced movement al the South is making
the minimum estimates more fashionable.
Lumber is active at most markets, and
prices are firm, because of well cleaned
up stocks.
Sugar Holding Its Own.
Raw and refined sugar has alike moved
upward this week, partly because Of I'M
favorable Cuban crop advices, and also
in sympathy with the improvement going
on In European beet markets. Refined has
been marked up, Notwithstanding the
trade war now going on.
Wheat Is weaker, Notwithstanding crop
damage reports, and other cereals are in
sympathy Herewith, chiefly because OF
the growth of bearish views of supplies
held by farmers and a tendency to dis
count the generally expected heavy gov
eminent estimates of wheat in farmers
hands
Reports from leading markets East and
West are Of an active spring jobbing de-
mand, particularly for dry-goods, but
shared In by clothing, shoes and other
staples
on the Pacific coast business is fairly
good except at San Francisco, where gen.
eral trade as a whole is below the aver
age, owing to the uncertainty regarding the
crops.
Shipments of Cereals.
Wheat, including flour, shipments for the
week aggregate 439S,S21 bushels, against
5,Sl5,5S5 bushels last week, 4,4s4, 761 bushels
in the corresponding week of $685. 1,59s.
482 bushels In 1897; 2,Oi,2Os
100 bushels in 1895. Since July j. this sea-
son, the exports of wheat aggregate 1z3.-
111,755 bushels, against 16S,94i,514 bushels
last year.
Corn exports for the week aggregate
1866 bushels. against 5,794,ssS bushels
last week; 3,2S5,056 bushels in this week
a year ago, 53105l4 bushels in 1897; 1.7OS.-
67S bushels in 1896, and $50 956 bushels in
1896 Since July, this season, corn ex
ports aggregate 117,247627 bushels. against
l22. .795 bushels during the same period
a year ago.
Business failures for the week number
Ia as compared with 40 last week, 2i7 in
this week year ago, 227 in 1897; 2s3 IN
1896, and 262 in 1895.
Failures for the week in Dominion num-
Der 81. against 81 last week; 81 in this week
a year ago; So in 1897; IS In 1896 and 80 In