The Savannah morning news. (Savannah, Ga.) 1900-current, 1900-08-11
IRREGULARITIES IN TRADE.
BUT FEELING IN GENERAL BUsI-
NESS is CHEERFUL.

Prices Are Not Showing the Pre-
eipitate Decline Noted Sometime
Ago, and There Are Several En-
couraging Features - The Cotton
and Cotton Goods Markets Have
Had n Remarkable Year-An I'M
nense Business in Steel Products
Is Reported.
New York Aug. 10.-Bradstreets to-mor-
row will say:
Trade conditions still exhibit many Of
the Irregularities Incident TO the transit
ton period between midsummer and early
fall trade.
Despte the hot wave. with its effect on
tie growing distributive demand, and also
because of the reports of damage to the
corn crop which it has melted a more
cheerful feeling is Perceptble IN
general trade and the booking
Of fall orders for dry goods, cloth
ing and hardware a leading Western cen
ters and heavy engagements in iron and
steel products, though at low prices, are
of encouraging proportions
Prices are not showing the precipitale
declines noted sometime ago, and among
the really encouraging features are the
advance in wheat, mainly based on I'M
portant export inquiry.
Cotton goods partake Of the strength OF
the raw material, due to talk Of posi-
ode bulliSh crop report. and where "edh-
ness is still perceptible. as in brown PRINT
cloths and wide sheeting, the natural cor
redtive of reduced production is being m
creasingly sought.
Cotton and Cotton Goods.
Tt has been a remarkable year in cot
ton goods, and although the goods mar
ket is relatively weaker than the raw ma
terial a great deal hinges on the next
months business in dry goods circles. 1t
is regarded as relatively certain that with
a II 10000 bale crop values will be main
tanned at prices lower, il is true. than the
present quotation for raw material, but
still high when compared with last or
previous years ranges. The spring or
light weight season has opened with
prices 2ls to 10 per cent. higher than a
year ago. and much depends on the action
of buyers in guiding manufacturers in the
purchase OF raw material
While the dry goods demand as a whole
is still classed as backward for the sea-
son, hot weather is credited with some
of the responsibility, ana the trade atti-
tude as a whole is one of hopeful ex-
pectanoy.
Big Business I'm steel.
An immense business in steel products
is reported booked at Pittsburg and Chi
cago, and steel bars are really firmer,
with an advance Of 81 per ton announced
by Western manufact urers, who have
sold their output up TO the close OF the
year.
Pig iron is stin rather neglected, but
inquiry for this material is really better
at the South largely on export account
and furnace shut-downs are so numerous
as to indicate an adequate realization of
the fact that the root Of the evil is in the
output Of the crude material. Current
production is claimed to be the highest
for more than year past, and further
announcements of shut-downs are sche-
duled as far ahead as Sept. l.
Business failures in the United States
do MOI vary much, numbering 172 for the
week, against 10 last week 1856 in this
week year ago, 157 in 1898, PA in 1897
and 25S in 1896.
Canadian failures number 20. against %
last week, q in this week last year and
SO in 1895