The morning news. [volume] (Savannah, Ga.) 1887-1900, 1900-02-10
,prAT INDUSTRIAL OUTPUT.
MI SURPRISING THAT OF ANY
PREVIOUS YEAR.


s..culntive Spirit Is Held in Check
- Standardization Are That
cation Will Go still Higher-Every
nav sees the Crop Grow shorter.
,i,tte Activity in the Wool Mar
tet-Iron and steel Continue TO
Hold Their Own.
Nv York Feb. 9.-R. G. Dun & Co.'S
rss,siv Review of Trade will say to-mor-
row
TN. Industries are still surprising in ac-
anal output the work of any previous
s,ar The new business is not CORE
,,rJiugly large, nor could such orders
=. accepted by most industries if offered,
mi enough are coming in to prevent the
sopp4 ge of works or much decrease In
price.
| In u0olen goods new business of remark
.hla volume sustains a marked advance
| in nr.ces. and in other lines of importance,
as ia machinery, orders indicate a sur
missing foreign demand Meanwhile,
'bough encouraged by the abundance and
case Of money, speculation does not in
INV direction as yet go without check
far enough to do mischief There is much
nj The speculative spirit abroad, but also
NOR, caution than is usually shown after
wear Of exceptional prosperity. Perhaps
ba war in Africa, with its possibilities
ii daily surprises, is, in that respect pro-
iuctiye of good.
The Rise in Cotton.
Cotton followed it's rise fromS to SIC last
week by a further rise TO S.56c with grow
ns belief that the crop will prove short
enough and the consumption large
enough to give holders quite their own
Wav The decrease of receipts in January
was 253.000 bales or 20 per cent. but in De
cenber the decrease was more than 80 per
cent The exports in January were small
er than last year by 10000 bales. over 30
per cent. and Ellisons report of $4,000
bales iu European mill stocks Jan. l. with
visible stocks of American cotton, 1886 52
bales Feb. /, show that a good part of the
years needs is already provided for.
But it is reasoned that if visible and in
visible stocks should be reduced below
10000 bales at the end of the year, as
they were in 1897, prices would range be
tween and 81 cents, as in that year they
did from Feb. / to Sept. l, with a great
crop coming. The manufacturers have
already been somewhat embarrassed by
the comparatively narrow demand since
prices Of goods were materially advanced,
but the rise this week has started further
advance in some grades, and may uti-
mately lessen consumption 10 some extent.
No change of consequence yet appears
in prices of wool, though the demand
from spinners is limited, and it is per-
ceved that they had previously supplied
themselves quite fully for the heavy
weight season for which they have taken
very large orders. L is thought by some
that enforced sales of foreign wool. which
was Withdrawn from the London sale in
January in order to prevent a greater de
crease, may hereafter affect this market.
Status of Iron and Steel.
The weekly output of pig iron Feb
was 298,0l4 tons, but stocks unsold rose
1880 tons in January, indicating a con-
sumption slightly smaller than the output
when the month began. As the consum.
ing works We're naturally stopped about
the holidays more than the fornace, the
figures prove little, but Bessemer and
gray forge at Pittsburg have not changed
in price during the past week, and slight
E lower offerings of pig by Southern and
othed new furnaces at Chicago and East
era markets have had little effect
II Is more significant that the decrease
OF prices for some weeks in bars, plates
and sheets has been checked. Large or
ders have been taken for these and other
products, indicating that the works in
need of business may have obtained
enough for time.
Though prices of hemlock sole have been
reduced half a cent, and of spit and some
upper feathers, the boot and shoe manu-
tacturers are not yet inclined TO buy large
ly, as they are getting but a small part
OF the contracts they need at this season.
JobbeTs still hold back as far as they can,
and the slow yielding in hides at Chicago
Increases expectation that leather may
further decrease. But though buying is
very small, the works are producing and
delivering more than ever before Last
year the deliveries from Boston were "a
per cent. larger than in 1890, but this year
thus far they have been 19 per cent. larger
than last year.
Failures for the week were 245 in the
United States, against 217 last year, and
SO in Canada, against 50 last year.