The morning news. [volume] (Savannah, Ga.) 1887-1900, 1900-01-06
VALUES BECOME STRONGER.
IN HOG PRODUCTS Is A
NOTABLE FEATURE.

tfFeals ana tOttOn nave Also SHOWN
Increased Strength-New Plan OF
WarehOusing Cotton VIII Have IA
Material Efect-IrOn aud Steel
Continue to Hold Their Own.
Preparations for an Active Lum-
her SeasOn-SbipmentsO of Grain.
New York, Jan. 5-Bradstreets will say
to- morrow
The business world has marked time"
this week, pending the results of annual
stock-takings and the passing away of
the holiday influences which usually make
for quetness al this period.
Aside from the strengthening of values
OF a number of staples. such as the cereals,
provisions and cotton, which are specu-
latively dealt in. there has been no de-
cided movement forward. but on the other
hand the strength of all other staple values
points TO there having been no backward
steps taken.
Perhaps the most notable movement
among leading staples is that developed In
hogs and hog products. a better realiza-
ton apparently being had of the features
making for strength in those products.
the supply of hogs, which like the similar
falling off in the number of cattle, has
gone on for number of years past.
That the advance in hog products is be-
ginning 10 attract more attention seems
evident from the extent 10 which this adj
vance has had sympathetic reflection in
the prices of wheat and other cereals
which really trace some of their strength
which has been shown this week, to that
source While stocks of wheat have
fallen off in Europe, the shipments thereto
in December were the highest recorded for
many years past, still stocks have in
creased in this country to nearly as great
an extent.
Owing to the continued light movement
and the confidence with which holders
maintain prices cotton has advanced
slightly during the week. 1t is evident
that the new plan of warehouslng cotton
is having a measurable influence on the
movement in sight
Iron and steel Hold Up.
In iron and steel quiet strength has as
for many weeks past. been notable fea-
ture. A rather more aggressive feeling is
noted at Chicago, where wire and nails
steel angles and channels have also NOV
ed upward. with the country's production
sold ahead as heavily as 1t is there Is
naturally little or no immediate new bust
ness Offering. No sign of weakness in the
steel market is perceptlble, and there has
BEEN in fact. a marking up of the nomi-
nal rates. The hardware trade has com
pleted a year remarkable in many re-
spects, and the significant report comes
from the West that a number OF sales
men did net leave the road at all during
the holidays, but kept steadily at work.
Light hardware of some sorts has been
marked up this week.
Lumber is seasonably quiet, but already
preparations for an active spring business
are perceptible. A point Of much interest
to the lumber trade is the possible placing
of an immense order, estimated al 10000
100000 feet Of yellow pine, for the pan
American Exposition building at Buffalo.
Prices show no weakness
Textiles display notable strength. Next
season cotton goods will all open higher
and in finished products particularly, there
t. chance for expansion, as quotations in
these lines have not moved up 10 a parity
with gray goods. The Short supply Of wa
ter is beginning 20 affect the output of the
New England cotton mills and this prom
ises to Introduce still another element of
strength into holders positions.
Wool though quiet, is strong and manu-
featured goods will certainly open at good
advances The bulk of the old crop is
claimed to have been marketed already.
Export trade for our fine wool is good as
Evidenced by some shipments this week to
Eng land, and some buyers are said to have
bought wool that is yet on the Sleeps
backs in the Wesf.
Shipments of Cereals.
Wheat including -four shipments for the
week aggregate 2.509. $50 bushels against
3610557 bushels last week, 6,S50,268 bushels
in the corresponding week in 1899, 3,4Sl,
SIG in 1898, 3,108 ,6sS in 1897, and 3.47 ,6Sl
bushels in 1896. Since July ! this season
the exports of wheat aggregate JOG, 493, $40,
against 12S,38S,977 last year. and 1872, 543, 1893
bushels in 1898
Corn exports for the week aggregate
4.1i9,036 bushels, against 1926, 259 last week,
4,sl42SS In this week a year ago, 1856 l6
In 1898 1919 PSI in 1897, and 2,626,423 in 1896.
Since July l this season corn exports ng-
gregate 126, 656 1S1 bushels. against IS, ,927
during the same period year ago, and 49,
s02 SIG bushels in 1878
Business failures fer the week number
229, as compared with 200 last week, 2S7 in
this week a year ago, 1888 in 1898, and 4S8
in 1897.
Business failures In Canada number "a
for the week, as compared with % last
week, rs in this week year ago, and As