The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-02-11
BLIZZARD BRINGS A BOOM.
FAVORABLE EFFECTS OF THE
FREEZE ON THE MARKETS,

An Advance in wheat Taken 20
Mean Tint There Has been some
Damage 10 the CrOp-Cotton Main
tains Its StrenGth--The Iron ana
Steel Market stu Maintains the
Lead-Exports of the Cereals for
the Week.
New York, Feb. 1O-Bradstreets win say
tomorrow:
Thai some favorable effects are likely to
follow the atmospheric changes of the week
IS evidenced by reports Of improved distrl-
button at retail Of heavy winter goods,
while the effect on spring trade appears
to be chiefly regarded as one of retarda-
ton rather than OF positive injury.
In leading staples the strength of prices
is still feature, an the gains made i'm
January being sustained If not further i'm
proved
Some reflection OF the cold wave is found
in the advance in wheat, showing an in
clination TO concede some damage to the
winter wheat crop. in view of claims that
snow production is lacking in many sec
tons
The strength Of cotton while 10 some ex-
tent based on smaller receipts and a re-
duction OF the usual winter crop, an
pears mainly due to the cheerful tone of
the cotton goods market and the strength
Of demand and price manifested by those
staples both at home and abroad.
Strength of Iron Market.
In aggressive strength, alike of demand
and price, however, iron and steel are cas-
ily first this week and the list of advances
reported this week is almost a roll cali
of that industry products Among the nd
vances noted might be mentioned barbad
wire Steel rails. Southern, Eastern ana
Bessemer pig iron, nails and wire and
plates, the most strength being exhibited
al Western markets. Copper is again high
er, and quotations are now not far from
those made IN the great French copper
corner, which burst ten years ago.
Spelter and lead are also higher but tin
shows some reaction In the speculative
movement.
Weather conditions have not favored the
Humber trade, but reports partic,1larlv
from the hard wood branch, are still ver,,
favorable and prices exhibit all their ola
strength.
Hides are firm and some activity and adj
vance in feather is reported.
fair trade Is doing in wool. and a pain
er better tone Is reported IN the WOODEN
goods market.
Anthracite COAL favored by cold wealth.
er, Is active.
Shipments of Cereals,
Wheat, including -four, shipments for the
week, aggregate 5,S7O,5O0 bushels. against
65S5,ilS bushels last week; 3, 4l9. JO4 bushels
in the corresponding week Of 1893: 2.o51 atE
bushels in 1897, ,391 bushels in 1896 ana
25i2,HO bushels in 1896 Since July 1. This
season, the exports Of wheat aggregate
lJG 597,7O9 bushels, against 1853 $40. 42S bushels
last year
Corn exports for the week aggregate 2
s60,622 bushels, against 1851, 731 bushels lagt
week, 4,5O80l2 bushels in this week a wear
ago; 1852 bushels IN 1897; ,143. 8A bushels
in 1896 and 5e2,3Sl bushels In 1895.
Since July / this season. corn exnorta
aggregate 10S,279276 bushels against 1O5-
5O6,7Sl bushels during the same period a
year ago.
Business failures In tho United States
number only 1893 this week against 2O7 last
week, us in this week a year ago. 9o1 in
1891 3Sl in 1896, and 296 in 1895.
Business failures in the Dominion of
Canada number 80 as compared with rs
last week, 81 in this week year ago. "a
la 1897; 70 in 1895 and 30 In 1895.