The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-06-10
FrRMNEss IN PRICES HOLDS.
Activity Is Undiminished In Nearly
All branches.


New York, June s.--Bradstreet's of to-
morrow, June 10, will say;
Exceptional iirmness in prices at the
highest lovel as REGARDS general staple val
ues yet reached. a seasonably small rate
of business mortality, undiminished indus
trial activity perhaps most manifest in all
branches OF trade In which iron steel and
other metals enter, and large bank clear
mss, rejecting to some extent the i'm
proved tone of stocks, but likewise large
payments on previous profitable business
are among the features not necessarily
new, but stln noteworthy reelected in trade
advices
Enlarged shipments Of breadstuffs. a re-
suit OF recent buying, induced by crop dam
age reports at home ana abroad, have, ii
is true. not been sufficient to offset liqul-
dation on the late moderate rise, but this
is partially explained by continued good
advioes from the spring wheat CROP con-
firmed by liberal receipts at primary
points.
Iron and steel display all of their old and
some new strength in the urgent demand
for the balance of the year and the usual
summer shutdown seems likely TO be hon
ored more in the breach than la the OBJ
servnnce Of this trade.
In the Cotton Market
The outlook in the trade as regards next
seasons labor scale is still unsettled. The
usual cary spring predictions of an inn
mense reduction in cotton acreage have
failed of realization, and current estimates
favor a falling off of 10 per cent in
the cotton belt as a whole, This, added
to good trade at home and abroad, and
advices that the crop has not as yet made
up all the time lost by backward season,
has strengthened values of the raw ma.e,
rial slightly.
Small supplies Of old corn and reports
of too much rain In some sections have
helped this cereal, and are likewise re-
iected in hog products, but the prospects
favor very large acreage Of this cereal.
Active demand for refined sugar has ap-
parently induced some relaxation in the
war among foreigners, and raw sugars
share in the advance this week. Wool is
firm and even higher in some grades al
leading markets, with fair business do
ing
Lumber retains all its strength, reflect
ing continued activity In consumption
lines. In transportation lines, too, business
Is exceptionally good so far at least as
gross receipts are concerned.
business Failures.
Business failures for the week number
17S as against l29 last week. but COM
pared with 22l in this week a year ago
257 in 1897, 2Sf three years ago, and 2g2
in 1896
Business failures IN the Dominion Of
Canada for the week number 10, against
IS last week, &c in this week a year ago,
SS in 1897 and 1886, and q in 1895.
Wheat, including flour. shipments for
the week aggregate 315s,047 bushels
against 3,59608S Bushels last week, 4,7s0, :
9S2 bushels in the corresponding week of
ic55, 1888, 1922 bushels In 1897, 1922, 695 bush
els in 1885, and 1,731, 737 bushels in 1885.
Since July this season the exports of
wheat aggregate 215,223.4S5 bushels
against 220 S76,O46 bushels last year 4,774.-
1888 bushels in this week year ago, $685.
z5i bushels In 1896 Since July this sea-
son corn exports aggregate 100 149, 425 bush
els, against 1856, 697, 800 bushels during the
same period a year ago