The Savannah morning news., 1901-03-16
IN ALL BUT COTTON
THE OUTLOOK Is MUCH BRIGHTER
SAY DUN & co.
INDUSTRY GENERALLY ACTIVE.
COTTON NOW BELOW QUOTATIONS
OF A YEAR AGO.

Has Declined $IG.25 Per Bale From
Top Price of Season and N Bale
Brings $5.62 Less Than 1t Did n
Year AgO-DOubtIess Due to the
Depression In the Textile Industry.
Steps 10 CurtaH Production in Tex
tile Lines Not Likely TO Help Price
of Cotton Amy.
New York. March 15.--R. G. Dun 4
Co.'S Weekly Review of Trade to-mor-
row will say:
Improving wheat crop reports, a pig
iron production seldom exceeded, strong
cash prices for all iron and steel products
that can be delivered, heavy grain exports
at good prices, activity in minor indus
tries and a money market that imposes
no hardship upon business, comprise the
bright side of the picture of the week.
Threatening labor troubles seem more
remote. The textile markets, long back
ward. have again failed to respond to
the general confidence in commercial cir
Giles. A slight recovery in cotton was
not held, and the goods market shows
decline in month from 81 to 51s cents in
standard brown sheetings, % to 81 cents
in wide sheetings, So to SIX cents In
brown drills, and So to 81 cents in staple
ginghams.
Steel mills are still much behind their
orders, and contracts for Bessemer pig
for July delivery indicate that the actv-
ity is not considered temporary. Yet
the wide difference in quotation between
immediate and distant dates suggests
some fear that present high prices cam
not be maintained. While the various
pools and associations are extremely con-
sentative about advancing nominal list
prices, actual business continues to be
transacted at premiums which vary ac-
cording- to the urgency of purchasers.
Structural material is still feature
and the rapid development of newly dis
covered oil fields is creating an unusual
demand for plates, pipes and drilling
machinery. Steel rail contracts have been
increased, and railways need rolling
stock.
with the Textile Lines.
Slight improvements in special lines of
textiles are occasionally noticed. but
prices are maintained with difficulty.
without accelerating operations, and Fail
River mills are preparing to curtail pro-
duction. Heavy brown cottons have been
depressed and reduced output is probable
in this division. Aside from a little bet
ter recorder business in light weights, re-
ports are not of an encouraging nature
from the wooden mills. Further declines
are reported in wool, making a material
fall since the month opened. At the last
concession Boston holders exhibit an in
clination to refuse bids. and there is
more indication of steadiness than previ-
ously this season.
After the long continued season of sag
ready for a reaction, and Mr. Neills cir
a propitious moment. But it fell fiat
In this country and the trifling response at
liverpool was brief. Predictions OF a Wis
ib1e supply of only 10000 bales at the end
Of the crop year. and requirements ex-
ceeding 100000 bales, are not Endorsed
by the course of domestic spin
ners, who rave materially reduced
their takings, or by the heavily de-
creased foreign demand. Moreover, the
estimate that the current yield would not
exceed $4,000 bales is open to question
in view of the amount already in sight,
ana the free movement at Southern ports.
The decline from the top price of the
season now amounts to $1625 per bale,
taking the quotation $562 below the level
a year ago
Failures for the week were 2O9 in
the United States, against 1870 last year,
and 80 in Canada against % last year.
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