The Savannah morning news., 1901-07-20
rpAnE WILL NOT BE HURT.
n,.x & co. GIVE THEIR OPINION OF
SITUATION.

...,,,es and Drought VIII NOT Ahec'
seekers Have Money Laid by
,7.,r,uers Are Also in Good
-. From Previous Fine Crops.
M, Goods More Active, But
Ion Goods the Situation Is
IA, Unchanged Prospect OF
Foreign Demand Helps
price Of Wheat
-, York. July 19.-R. G. Dun &
o-aal,1v Review of Trade to-mor-
~" t.t,. regarding unfavorable pos
.,.r..fss in the future rather than any
81 ,ol present misfortune, depressed
r,+ias and caused cancellation of
orders for merchandise by West
dealers. Retail distribution OF
ID will not be curtailed by the labor
e0.~,,ersv unless it is of long dura-
the men have saved money dur
tho recent period of full employ
,+ at high wages. Similarly, III
1--we agricultural districts, where
.tora is fear that little corn will be
Invested. preceding bumper crops at
I'D rri,es have put farmers in such
..osnerous condition that their pur-
absses will not fall off materially
While the greatest crop of wheat on
record has not brought return to the
law prices of previous heavy yields.
Revond advancing prices Of steel
sheets and depressing the market for
hanF1 n
bv tbe strike of the Amalgamated As
ISOLATION. Pig iron furnaces are not
disturbed. although record breaking
production will bring accumulation of
stocks if the rolling mills are kept idle
for any length of time.
In The branches not directly concern
ed there is no change of conditions, or
ders frequently running months ahead.
In anthracite regions work has also
been interrupted, but the recent excep-
tjonalIy heavy output assures abund-
ant stocks for some time.
wooden Mills Are Active.
Woolen mills are more generally ac-
tive than at any time this year, orders
for heavyweight goods arriving in
large numbers. The lightweight sea-
son will soon open, and although it is
expected that concessions of from to
10 per cent. from last years prices
will be made, there is prospect Of
profitable operation unless the raw ma
terial should advance. In cotton goods
The situation is unchanged. There was
a decline in cotton below So cents. fol-
lowed by slight recovery as news from
plantations failed to show the desired
Improvement. Foreign consumption is
light Judging by reduced exports, and
port receipts of the old crop are still
liberal These are the depressing ele-
ments that keep prices IL below last
years.
Stability of prices seems assured in
the footwear industry. The firm tone
is sustained by the steadiness of
leather, and buyers are not seeking
concessions. Factories are running full
time, with orders on hand for months
ahead.
Hides are fairly active and steady,
some grades at Chicago tending down
ward on account Of increased receipts
of cattle because of the drought, but
in the long run this should be a sup
porting factor, as later arrivals must
show at least an equivalent decrease.
The Great Wheat Crop.
Calmer counsel prevailed in the grain
markets exaggerated dispatches were
were less extensive. After a severe
break from the best price last Friday
wheat steadily advanced as the feeling
became general that foreign require
ments would bring a new record for ex-
ports, possibly exceeding 250, 900, 900
bushels. Some of the heavy crop also
may be used for forage in sections
where corn is deficient. These in
huences fully offset the effect of inte-
rlor receipts for the week of 6,750,242
bushels against only 1882 ,253 last year.
Atlantic exports show large gain over
last years figures, for the week
amounting to 3,902,775 bushels against
L4l,S61 year ago. After some reaction
corn recovered most of the loss, and
holders showed their confidence in
values by marketing only 1851 ,942 BUSH
els Tor the week against 4,416,153 a year
ago although the high price was dis
unctly reflected in Atlantic shipments
OF only l176,9S2 bushels against 1851
49S in 1900
Failures for the week numbered 1872
IN the United States against 291 last
year and % in Canada, against 81 last