The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-04-29
SETBACK FOR BUSINESS.
vFPT UP IN SPITE OF FOREIGN
COMPLICATIONS.

il n Firm Belief That the
.ign DiHcuIties VIII Soon Be
a.ed AVvay-State of Foreign
Has justified Confidence.
wool Market All Right and
on and steel Hold Their. own.
me other Industries.
,.,g York. April 2s.-R. G. Dun & Co.'S
.tlv Review of Trade will say to-mor-
I. m clements considered, 1t is rather sur
mo that business has not been set. back
|y-ra The uncertainty about Samoa and
orolonging difficulties in the Philip
4 MIGHT have counted for something,
4 Using imports and falling exports for
.--birg and so might the rise in for
4 .vohange by some attributed 10 for
4 -,1ae of copper stocks and the him
49,. If manufacturing orders, owing to
recent advance in prices.
7,, there has been full faith that for
amenities would soon be cleared
/ . and the movement in exchange is
!. rally connected with speculative rath-
I ,.s, legiIinate operations, since ac-
..,s Of trade still indicate a large excess
norris After every rise in prices,
...f,ot,,rers have to consider whether
5srsd consumption with increased pro-
tton will make them difficult, but the
s7ln,s with which combinations are
rs5 a.d extended still shows prevailing
s,se ,hat no danger point is near.
uns justified Confidence.
h. .t,te of foreign trade has justified
5dence rather than apprehension. 1t is
l. season for the lowest exports of sta
and their prices this year are ex-
Nm. low but the unprecented foreign
- for manufactured products so far
I ,,nsnsa,es that the excess of exports
I l55roh was heavy and apparently has
4 in April. The presence of English
4 chants in Boston trying to sell Eng
7 r,l1iir1 WOOL which could be delivered
4 ,5out &c. at the same time English
,srs were taking little from
q territory for export and
| man buvers 100000 pounds more Aus
i Han from bond, shows the opposite
/ M of popular taste in different coun-
I clay worsteds here have advanced
and sArges sc, which has given
II nser tone to the whole market. Fine
H. IS relatively cheap here and dear
br57d but concessions make the lowest
! ices of the year in all kinds, as heavy
brls. carried for years come into presence
new wool said to be 300,00O,OO0 pounds
I3nufacturers are not now buying large
though in four weeks 30,91S,7S5 pounds
I. r. sold Of which 23,3150S5 were dones-
against Al, 712,6 $50 in the same weeks
H. Years ago, when wool was rising.
PThe cotton manufacture has made little
hanse. and the strikes following the ad-
bnce in wages given, appear to have ben
lied manufacturers not a little by helping
/, demand and curtailing the supply of
bods Cotton is a sixteenth lower, with
knerany improved prospects for the COM
l. crop.
Leather, Iron and Steel.
gThe boot and shoe Industry surpasses all
her years in April shipments, last year
h L per cent, 1895 by - per cent. and
T. by % psr cent, and manufacturers
r. generally provided with orders for
loaths ahead, but the advance asked does
"
Without business, Bessemer pig is un-
banged al Fittsburg and Grey Forge
pong at $3.50, though 5000 Southern
fve been sold here at $14.2O. There are
pme large structural orders. az Philadel-
fia for 1900; a Western Bridge for 5000;
Duluth elevator and the ST. Lawrence
lidge al quebec, though the general run
orders in this line is light, and in rails
, large sales are reported, though inqui-
s for 5000 tons are said to be in this
larket Advanced prices are noted in pipe
pa decrease in merchants orders, with
mailer business in sheets, and at the
Iest in bars pending the completion of
be combination. But the general decrease
new demand raises the question whether
rlces VIII be maintained after current or
trs run out.
Failures for the week were 1874 in the
nlted States, against 262 last year, and %
Canada, against 16 last year.
~