The morning news. [volume] (Savannah, Ga.) 1887-1900, 1900-03-10
SOME SHRlNKAGE EXPECTED
THE FALLING OFF IN BUSINESS IS
NOT UNNATURAL.


II can by no Means BE Considered
Disheartening After the Remark
able Showing That Has Been Made.
Great Rise in Cotton Is the Fea-
ture of the Season-Status Of Iron
and the Observation-Disclosures Fail
ures.
New York. March 9.-R. G. Dun & Co.'S
Weekly Review of Trade tomorrow will
say:
A certain hesitation in business with
shrinkages in it's volume is not unusual or
unnatural at this season. 1t is not neces-
sarily disheartening, therefore, if business
is no longer as large in volume and over,
but falls behind that of February or jan
uary, or of the corresponding week last
year Strikes in building trades or of ma
chinists and others at Chicago affect many
Industries and the wages of so 900 hands
The remarkable rise in cotton has appar-
emily met the expected reaction which
tends for the time to repress business. A
few great corporations are striving to
hold prices without regard to present de-
ors may prevent reaction and renew the
rise of last year. Wide differences of
opinion also exist regarding the effects of
monetary action by Congress.
Special causes are not needed to account
for some pause after a year of unprece-
dented buying. That such trade could not
continue without a pause was evident, ana
there is now not the excessive specula-
ton which threatened monetary trouble
year ago.
The output of iron furnaces March /
was 292 SAB tons weekly against 29S014
Feb. l. and unsold stocks increased 35516
tons in February, making consumption
o92l tons daily against 1,642 tons in
January.
Much business is evidently deferred just
now because of doubt regarding future
prices. Coke is hard to get, even at $3.50
for furnace.
CottOn's Highest Point.
Cotton sold on Monday at 9.S1 cents,
the highest point since Jan. 10, 1898, when
the crop suddenly fell from 100000 to So
10000 bales.
a sharp reaction came oh Wednesday
and prices dropped 3-16 of a cent that day
ma closed 4 of a cent below the highest
point. While the demand for immediate
use has held goods strong, there has been
for some time small desire to make con-
tracts ahead.
Estimates of wheat in farmers hands
March l, 164OO0,O0O bushels, according to
the American Agriculturalist, do not in
dicate a lack of supply this year, for
with $4,000 900 bushels in visible stocks,
there is in sight nearly as much as
YEAR ago when foreign demands were ex>
nd xrat IL
with over 33,0O0,O 600 bushels In visible sup
ply This year net exports in seven
months, flour included, have been 111,221,
%5 bushels against 64O7 last year,
and in February enough to make about
100000 bushels, against 16S, 900, 900 last
year, with no indications of a future for
eisn demand approa aching that of last
year from March l to July l. Returns
as to conditions of winter wheat are also
salts factory. But of late prices have
peen very low, and have advanced this
week nearly cents for spot and 1 cent
for May options.
Wool and Other Products.
London sales. so long awaited by specu
hiors here to lift up prices again. opened
win severe decline of 7la 10 10 per cent,
'1us-nG SO much disappo that
much selling is likely. especially as man
Wacturers, who have held out of the mar
hel for some months, have still too large
Stock ks of wool and TOO uncertain a mar
ket for goods 90 he in haste. Prices had
previously declined a little here, but with
small transactions The business in
600 Is though hess active than has been
expected, is at fairly steady prices as yet.
in boots and shoes no change appears in
quota tions. though not an eighth of the
usual orders for boots has been given, and
not quarter for mems or womens heovy
shoes, Wilde lhe demand for light shoes
HAs been the smallest i'm five years Ship
m'ats in former orders have been less
N7u in 1885, but larger than in the CORE
sr'nding week of any other year.
failures last week were in amount
A i>2.S27; manufacturing $l,1lS651, and
trading 81 1921.
Failures for the week have been 205 in
'an United States, against 1872 last year.
ana 80 in Canada, against 81 last year.