The morning news. [volume] (Savannah, Ga.) 1887-1900, 1900-05-12
DEMAND AND PRICES WEAK.
TRADE SITUATION is SUMMED UP IN
ONE PHRASE.

Unsettled Conditions in the Building
Trades Are Having Some Effect.
Iron and Steel Buyers Are Holding
OR-There Is Dizziness Also in the
Speculative Naturalization and
wooden Products 4Remain Steady.
Shipments of Cereals.
New York, May 11.-Bradsreet's to-mor-
row will say:
The trade situation this week may be
summed up in the phrase: inactive de-
mand and weaker prices"
While in many respects the industrial
situation is easier than 1t was, the I'M
settled conditions in the building trades
continue marked The reflex action being
exhibited in unsettled demand for building
material and weaker prices for lumber
and for many products used in the build
ing industry.
Iron and steel buyers are still holding
or, most of the business done being for
small lots for immediate consumption.
Further declines are noted in steel billets
and for some finished products, while SYM
pathetic weakness is reported in the other
metals, such as copper lead and tin.
There was d slight increase Of the output
Of pig iron during the month of April,
aud small gain in furnace and other
stocks. S.eel rails and structural ma
ttrial are conspicuous excepting to the
Weakness above noted, prices for these
products Being firmly maintained.
speculative Markets Dull.
In speculative markets dullness has been
the feature, wheat after considerable
government crop report which is taken to
Indicate yield of winter wheat, 100000
bushels larger thon a year ago, notwith
s.dG3ing immense damage from winter
killing in the Central Western States, APP
l.renuy Offset however, by high condi
Ton in states west OF the Mississippi.
Corn has been weaker than wheat, re
fleeing the less active export demand,
o-d sympathy with the lowered price of
provisions, the latter due TO heavier re-
CC.pts of hogs and lessened demand for
pork and lard.
Relatively good reports come from the
retail trade q most centers, notwithstand
ing the backward spring, but as yet the
volume of recorder. business from whole
saiers and joDbers has proved disappoint-
ing.
with Cotton and Wool.
Finished cotton and wooden products re-
main steady and raw cotton is even a
shade higher, bus wool is weaker, owing
to restricted demand from manufacturers
and in sympathy with the lower prices set
for many grades al the London wool sales.
Primary wool markets are higher than in
the East. Print cloths, though nominally
he'd firm at Fall River, continue to be Of
Tered below The pool price.
Coffee is rather weaker, owing to lower
quotations in European markets, and SUI
gar is also shaded, owing to receipts ex-
ceeding requirements. Relatively a good
report comes from the distributive trade
IN shoes, but manufacturers are hanging
back In their purchases of leather, and
hiaes are rather weaker.
Relatively the best trade reports still
come from the Pacific coast markets. but
better weather conditions at the South
nave tended to brighten trade reports from
that section.
Shipments of Cereals.
Wheat including flour shipments for the
week, aggregate 34S0,574 bushels, against
4oSGo22 bushels last week, 1884, 1872 bushels
IN the corresponding week of 1899; 3s46, SAB
bushels in 1888; 2,1S3,875 bushels In 1897 and
19OS225 bushels in 1896. Since July /, this
season, the exports of wheat aggregate
l6Soo6 OO6 bushels, against 2O3, 15S, 7S4 bush
els last year. and 202, 3d. O4 bushels in
1S97l98
Corn exports for the week aggregate
46SSl4o bushels, against AL, 0l5 last week,
Z'!0Se4 bushels in this week year ago,
6072O in 1898; 1905 sS4 in 1897 and 1865
oe1 IN 1895. Since July l, this season,
corn exports aggregate III, 751, 215 bushels,
against 1925 7 bushels during the same
period year ago and 1853, 49, 565 bushels
In 1878.
business failures In the United States
Tor the week number 174.as compared with
Jos last week, 1853 in this week year ago,
Iog In 1895, 251 in 1897 and 265 in 1896
BUSINESS failures for the week in Canada
number 10, as compared with 10 last week
ald Il in this week a year ago.