The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-04-16
Duh's Review.

New York. April 5.-R. c.. Dun a Co.'S
Weekly Review of Trade will say to-mor-
row: The meaning of congress regarding
Spain is not in doubt. but the form of
declaration at this hour is in question.
Preparations for war continue as IL IL
were inevitable. There is some hindrance
in business. and yet the volume of pay
ments through the clearing houses is still
1873 per cent. larger than last year. and
outside of New York about 2.2 per cent.
larger than In 1892, though speculative
stagnation here makes the aggregate low
er. New York banks may now realize that
they are strong enough for all possible
emergencies and may give the govern
ment aluable aid by greater freedom in
business. Sound New York banks are not
I'm the least alarmed about the business
situation, nor ave they any occasion for
alarm.
The industries are doing well because
they have enormous orders taken in
February and March or earlier. which in
sure operations for periods varying from
a fortnight to several months. But the
new orders upo which they a to rely
IL partial stoppage or closing of many
works Is to be prevented. are just now
restricted by apprehensions about the
money market and the possibility of
oans.
In the iron business there are orders
for about p 100 tons structural work held
up by questions of law. In Chicago the
large postoffice order Is still waiting and
the Russian order for rails Is still pend
ing possibly because Of financial DIM
culties. While new business In this line
is still very heavy, the production Is so
large that 1t may be easily disastrously
checked by a persistent restriction OF the
current demand. Blu foreign orders for
SIX large orders are pending In Eastern
ship yards. and actual orders for cars
alopa eoyor ~ OO TONS ha afc afaa1 NJ DtttS
burg. Angles have been advanced 81 per
ton and structural works are crowded
with orders, while pipes are In heavy de-
mand.
With prices for print cloths still at the
lowest point ever touched. buying OF cot
ton goods is more hindered than many are
willing to admit by the Idea that other
goods. not equally over-produced, may
decline in price. The stagnation
in wool In something remarkable, the to-
tai sales at the three chief markets hav-
ing been only LIS. IA pounds against
3 .eo6. 900 pounds last year. and in the first
half of April only 3.ss5. 044 pounds against
z. BAG. 900 pounds a year ago. Manufactur-
ers are still waiting. although somewhat
encouraged by a rather better tone I'm
the clothing trade of late. They have
ample riders for the present I'm most lines.
though not in all.
Wheat rose 5Izc and held 2hc for the
week. altnOugn Atldntlc exports Tor the
week have been 3.0&5. 0zl bushels flour In
against s16. rs bushels last year.
and Pacific exports 81 .3ss bushels against
212. o5s last year. The total from both
for two weeks of April has been
.37s. 1876 bushels against 3.o57. is2 bushels
last year.
The receipts from Western farms n
decrease for the week. but for the
weeks are only about SOC. 900 bushels
smaller than a year ago Meanwhile. IL
Ii astonishing that the receipts OF corn
remarkably heavy. for the week
more than a million bushels larger thar
last year. and for two weeks more than
I . $50. 600 bushels. and the exports for the
week have been A653. 01 bushels against
7os. rs bushels last year. and for half of
April s.l4s.ssi bushels against s.O32. 0l5
last year. Such extraordinary ex-
of corn go far to show tina the out
ward movement of wheat In by no means
Of a speculative character nor likely 10
speedily. The onicial report
shows that the exports IN March were
Il. s5s. 575 bushels Of wheat (nour included.
1.csl. 81 bushels last year. and in
nine months from the principal ports ls3.-
Ne. 10 bushels against IL. e76. 4ss bushels
last year.
Meanwhile the exports OF corn in the