The Savannah morning news., 1901-01-05

Markets Continue Very Steady with
hut Little Change and Business
Prospects Good.

Markets Continue Very Steady with
but Little Change and Business
Prospects Good.
New York. Jan. Ar. G. Dun & Co.'S
Weekly Review of Trade tomorrow will
say:
In spite of the interruptions of the holi-
days. and of the unusual heavy actual
settlements in all lines of business, the
new year opens with indications of fur
Their progress. There is no lack of con-
: tracts offered at steady prices in the
country's leading industry; and in some
departments of cotton goods there is a
better movement though speculation has
depressed the price of the raw material
Otherwise, a decline in wheat is the only
noteworthy movement in staples IT is
explained by a reduction in the flour out
put at Minneapolis some mills shutting
down, while the foreign demand at Az
lantic seaboard cities is not brisk
The ordinary measures of business con-
tinue to make gratifying exhibits. No al
teration has yet occurred in quotations
of iron and steel products and this in
dustry is on such firm foundation that
most large concerns have maintained
wages at the old scale. instead of making
the reductions anticipated. Iron ore
prices are Also unchanged and no action
IS now expected until March although
lower rate was looked for early in Jan
uary. Coke is firmly held at Connells-
vile, and there are fewer idle ovens
while the much-discussed fall in prices
appears confined to inferior qualities at
outside furnaces. Pig iron sells freely for
delivery up to April, and there is no in
weakness Ante
ducts are eagerly sought, many large con-
tracts having been placed for structural
material, and others are under oonsidera-
ton. An American company is the low
est bidder for the large bridgega at Sydney
Harbor Australia. The purchase OF 700
acres near Pittsburg by a leading steel
company indicates great enlargement of
us plant. Aside from one reduction of
wages at blast furnaces in the Mahoning
ana Sheningo valleys, the weeks news
Is most encouraging in this, the greatest
American industries. -+
The market for textiles has been feaA
tureless as the holidays and stock taking
reduced business in limited dimensions
WOOL mas again declined, making the av-
erage OF one hundred quotations 1928
cents, according to Coates Bros, circular
sales at the three chief Eastern markets
amounted to only 3,121 900 pounds for the
Nh' an" tHere is Hucn uneaSfneSS over
the statements of largest stocks at the
end OF the year, while recent failures have
not tended to improve the tone Cotton
goods have not the same difficulties to
contend with, but an abnormallv high
price for raw material acts as a check on
this industry Local jobbing and retail
trade is brisk in boots and shoes and
many manufacturers are behind with or
ders, It uneven distribution of business
mas LETT some shops ready to make con-
cessions. Shipments from Boston. for the
week were Sab cases, against 81 665 a
year ago Sole leather is purchased free
ly, but less activity in upper tends to
weaken prices. Exports of sole from this
city were heavier in December than in
any previous month last year but the to-
tai for 1900 fell 3O6. 1886 sides below 1899
For the first time in many weeks there
was some recovery in hides at Chicago