The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1895-03-02
ABOUT BUSINESS
The Reports Are by No Means as Favor
able as Exnectad

} The Reports Are by No Means as Favor
able a. Expected.
NEW YORK. March 1.-R. G. Dun q
Cos Weekly Rerie1o Of Trade, which issues
tomorrow, will say: No gold goes out
though sterling exchange has risen close
to the exporting point, and it does not vet
appear that the syndicate has made anv
effort to control the exchange market.
The industries made very slow gains
where they made any. Little is said of
the stoppage of the Edgar Thompson steel
works. though many thousand hands de-
pend on its operation, because the Car
negie company has purchased $1,000 tons
of Bessemer pig at 1895 to $40 at Pitts
burg, the price indicating that the biggest
concern in western Pennsylvania does
not want to make iron for less. At other
markets pig iron has been quiet and else
where, as at Pittsburg. structural orders
account for large share of the new busi-
ness reported, though activity in wire.
wire rods and barbed wire continues. Bar
| iron and steel are frmer at Pittsburp, but
without change in quotations, and on the
whole the reduced consumption in Janu-
airy does not seem to have more than
matched the reduced production.
In minor metals there is more business.
Lake copper is at S9.65, with some offer
ings at 1915, and forced values have de-
pressed lead to $40.
The market for cotton goods is fairly
active and the demand improves In some
grades, but on the whole it is disappoint-
ing. Sales of wool at the chief markets
during the past month have been 2O,3O3,-
$50 pounds, against 18,444,331 last year,
and 23,ls9,OOO for the same week two
years ago, aud while the mills making
dc f,,w IL
orders 1t is a most unwholesome feature
that numerous cancellations are re-
ported, indicating that the goods supplied
at exceptionally low prices do not meet
the expectation of the buyers. On the
other hand the demand for the goods
OF better grade seems little better than
expected. The failures for the past week
were $50 against 361 last year.
BrddStreetS tomorrow will say: While |
the course of trade during the first two
months of the current year has been dis
appointing, February ends and March be- |
gins with tangible, though not as yet sat- |
isfactory, signs of improvement. Large |
eastern jobbers of dry goods report trade |
meeting the present wants only; that for
eign dress goods are inactive and domes-
tic fabrics correspondingly slow. Heavy
arrivals of foreign wool depressed the
1ohISSNlC are
spring orders. The export of |
wheat, including flour on both coasts of
the United States this week amount to
7, $4,000 bushels, against 1,10S,OOO last
week and 1922 900 in this week year ago,
Two independent calculations as to
The wheat remaining in the
United States March 1. 1895,
Indicate the total quantity in the country
back of the available supply points to
being somewhat in excess of 100000
bus hels as compared with perhaps 14O,-
10000 bushels a year ago. The approx
nate quantity of wheat at available points
throughout the United States and back of
he same at the present time is about 2O4,-
10000 bushels, whereas one year ago the
total was 246. 900 900 BUSH
lis. Stock speculation in New York has
been irregular. Bearish influences were
lroused by the advance of exchange rates
md the accompanying advance revived
oreign or public interest in the market.
The selling, however, seems to have been
mainly short stock and at the ends.