The morning news. [volume] (Savannah, Ga.) 1887-1900, 1898-02-05
GENERAL BUSINESS is GOOD.
SEVERE COLD WEATHER HINDERs
DISTRIBUTION.


portant Southern Centers--Heavy |
railing Of in the Export Move |
ment of Cereals.
New York, Feb. 4-Bradstreet's to-mor-
VOW will say: Severely cold weather, ac-
oompanied by high winds and heavy snow,
has been a feature, and had an unfavora-
HE influence upon the movement and dis
tributing of staple goods this week. The
Nortbern and Eastern states appear to
have felt the effects of the storm most Sc
verely.
IN spite of this interruption. a good
trade for the season is reported in almost
oil lines.
In the East the distribution of dry
goods and wool has been checked, and the
movement of produce greatly Interfered
with. but the tone of the cotton goods sit
uation is if anything, improved.
Tn the middle states and in the central
West the movement of iron into consump-
ton is still very large. but suggestions as
n nossible over-production affects that
market.
steel is slightly lower at the East, but
firmly held at Chicago, which also reports
advances in iron bars, wires and nails.
southern buyers are coming into St.
Louis more numerously at this date, and
the distribution of dry goods, boots and
shoes and drugs is active.
AT the South trade is reported improved
at several important centers, and the to-
tai Of January business is said to be above
the average.
Alaskan business on the Pacific coast
is still very active, but export trade in
cereals is small.
"Steadiness in prices has been feature
Of the week, the only decreases noted he
ing in wheat, corn and flour on spec
ulative reaction, while the prices of oats,
pork, beef and coffee are higher
A THE export movement of cereals shows
4 heavy falling off for the week, but is >.till
ahead of the same week in the preceding
year. The total exports of wheat flour
4 included amount to 3,4SS,794 bushels,
against 5,O26O0O bushels last week and g.
IFS 900 bushels in this week a year ago.
Indian corn exports also show a large
falling off, aggregating 4,l04SS1 bushels
This week. against 4,962,000 bushels last
week and 1868, 600 bushels year ago.
Business failures, though slightly lar
ger than last week, numbering 295 against
2S8 in the week before, are little above
the normal"
New York. Feb Ar. G. Dun Co.'S
weekly Review of Trade will say in its
issue tomorrow: Actual payments
through clearing houses in January made
remarkable showing, being much larger
than in any previous month, 1853 per cent.
larger than the same month last year,
and II per cent larger in 1892. The failures
in January were smaller than in any pre-
vious year of which there is record, and
were probably smaller than in any other
January since 1881. The statement by
branches of business given this week
show a surprising gain in most depart
ments of manufacture and trade.
Meanwhile the money market is as con-
hdent as ever; gold does not corne from
Europe in large amounts only because
bankes find it worth while to lend Ameri-
can money abroad, and the commercial
balances are heavily in favor of the
United States as heretofore.
Perhaps the most striking feature or
the week has been the declDae in wheat.
With exports of 3,094,517 bushels, against
177O546 last year, -four INCLUDED, from
Atlantic ports and 776,S40 from Pacific
ports, against S44 34S bushels last year, the
temper of the market has been weaker.
The report of the agricultu raj department
has had some influence, although it's fig
ures are not generally credited as re-
liable. The wheat market has turned
largely upon the operation of a Chicago
Spectator, but the fact remains that the
price depends largely upon foreign needs
and upon the comparative scarcity of the
American supply.
The outgo of corn continues heavy, g.
1913 7S6 bushels against 3, 343, 400 for the same
week last year, and the excess over last
year. when exports were much the great
est ever known, indicates very heavy
foreign demand.
The spot price Of cotton remains I'M
changed but the fact that receipts con-
tnue larger than during the same week of
1895, after the heaviest crop ever known,
checks speculative operations for an ad-
vance.
THE iron and steel manufacture is
steadily gaining in consumption of pig iron
although the production of the material is
still in excess of immediate demands, but
not enough to cause q decline in. prices in
l1ttsburg or Chicago. Even the Southern
producers are able to get a fair price at
Chicago, and at the East, and anthracite
pig is unchanged
The demand for finished products has
been very heavy and includes for structur-
al work 5000 tons for the state capitol
building in Pennsylvania, 1000 tons for the
court house at Denver, 5000 tons for ele-
waited railways at Chicago, and numerous
small buildings in various parts of the
country
The demand for car building has been
very heavy both at the East and West, and
me plate demand generally increased at
'ae East on account of the orders from
snip Yards For plates the demand from
I'm plate workers has been very active.
The prospective combination of wire
manufacturers has stimulated the demand
ana raised the price for wire rods OF Con-
nelSville coke 1909 ovens are in blast with
ou output of $4,000 tons weekly, and the
quoted price is $1.50 for furnace.
! IN is quiet and steady at $685. with a
nslne supply Feb. !. of 31120 tons against
'"5- year ago. Exports of copper in
January were about 1925 tons against g.
@ 4st year, and the price is held at lie
or Lake. There is a better demand for
o''oh goods since the general stoppage of
"orNs at the East, but there is no indica-
.on as yet of material gain respects UNI
VA stocks on hand.
or wooden goods the demand is alto
t.uer more satisfactory, an advance of
haf