The morning news. [volume] (Savannah, Ga.) 1887-1900, 1900-03-17
MARKET HAS CHEERFUL TONE.
STRENGTH or VALUES Is APPAR-
EMILY NARRATED.

There Are, However. some weak
Spots-Cotton Goods Are Stronger
and Wool Holds Its Own-Steel and
Iron Quiet Hut There - Conf
dent Tone in the Trade-Wheat Is
Little Higher and shipments
Have Fallen on.
New York. March 1G.-Bradstreet's to-
morrow VIII say:
Trace advices are as a whole cheerful
ana the strength of values is apparently
uuabated. though some soft spots still
present themselves. \ prominent feature
this week has been the increase in
strength Of values Of farm products, near
~ all the cereals, pork products and cot
ton advancing, while materials for man
ufacture ana the products thereof have
generally remained steady or unchanged.
The government report of the quantity
of corn in farmers hands showed small
CT than expected supply and quite an out
break of speculative interest occurred,
sympathized in by wheat and both ce
reals reached the highest point touched
on the crop of 1899. Liquidation in advance
bIbhEni dUuuL SOllt itaAtlDll III ~ A'N7f
growing wheat crop advices proving rath-
er depressing as a whole ana The Stats
tcal position remaining as bearsh as
pointed out in these columns last week.
The close finds quotations above those of
a week ago. 1t seems evident that the
weather and the growing crops will con-
stitute price making features for some
time TO come
Cotton and Wool Market.
The cotton goods market has strength
ened and number of advances are report
ed this week, but except al Western dis
tributins centers, the business done has
been rather smaller than for some time
past. There is q tendency 10 believe that
the high point has been touched and until
retailers have disposed of some of their
supplies the outlook is for continued quiet
at second hand.
Wool is fairly steady but manufacturers
are out of the market and concessions can
be obtained, though London advices are
better.
Manufacturers of shoes are busy and
weather conditions have rather favored the
retailer by enabling him 10 dispose of some
carried over stocks
Copper has been stronger in tone. Lead,
after a break due to enlarged receipts, Is
firm but slightly lower than week ago.
Anthracite coal is lower, in keeping with
the advanced stage of the season. while
bituminous grades are firm.
with Iron and Steel.
Though quiet, the iron and steel situa-
ton has developed rather more confident
tone. Less is heard ahout shaded quota
tions, though, on the other hand, the vol
ume of new business has not been very
large. Some low grade pig iron has been
moved al concessions. BY the taking OF
orders for Bessemer pig at Plttsburg, this
week, the entire production for the f1rs%
half of the year in that district has been
placed. Southern iron advices are of
steady price and of rather more inquiry
on export account. Except Immediately
In Chicago where the idleness of many
thousand men has made for dullness In
che machinery and kindred trades. the
Western iron situation seems a strong one.
Reports of coming activity in railroad
building multiply but il is possible that
a false construction may be put upon
the reports that $4,000 miles of new road
are projected. The heaviest mileage ever
built was in 1887, when less than 1900
miles were constructed. and it is, of
course, safe 10 say that nothing like as
large a total will be built this year, as is
reported, more particularly as new rail-
road building now win be largely mat
ter of eXtensi ions of existing lines rather
than the building of new roads. Sructu-
raj material is in better request and
some very large contracts VIII shortly be
placed.
Shipments of Cereals.
Wheat. including -four shipments for
the week aggregate 2,727 4j0 bushels,
against 420S, 1853 bushels last week, 4114,0I6
bushels in the corresponding week of 1899:
3,67905 in 1898; 1929, 434 in 1897 and 592 %
in 1896. Since July l this senson the
exports of wheat aggregate III 800. $50
against III, 225, 741 last year and 49, $40
in 1S97-9s
Corn exports for the week aggregate
3,729 29l bushels against 2,1s7S2l last week.
All 1926 in this week a year ago, 3,9i1, S74
in 1898; 5939,21S in 1897, and 1.SO3,934 in
1896
Since July / this season corn exports ag-
gregate Jas, 444.1 29 bushels, against 121, 49,
9sS bushels the same period a year ago
and 126, 537 $3.50 in 1897
Business failures in the United States
for the week number 1870, as compared
with 1889 last week. 2O5 in this week q
year ago, 2S3 in 1898, 231 in 1897 and 800
in 1896.
Business failures in the Dominion of
Canada for the week number %, as COM
pared with SO last week q in this week a