The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-05-28
CONDITION OF TRADE
Nation Faces War With an Elk
panding Volume Of Business.
THE MOVEMENT OF WHEAT
The Month Starts with the Greatest
Consumption of Iron Ever Known-
Surprising Progress Made
in New Orders.

New York, May 27.-R. @. Dunn q Co.'S
Weekly Review of Trade will say In to-
morrow's issue: The nation faces war
with a r~cviving volume of business. The
West is doing its part and more. but at
the East also the volume OF business Ii
now expanding. without abatement in
any important line. the great outgo OF
wheat and corn continues to stimulate
business at the West. and railroad earn
ings show an increase over last year of
ISL per cent. in trunk lines. SIS per cent.
on granger roads and in the other West
ern roads 14.6 per cent, while eastbound
shipments from Chicago in three weeks
lave been 1856. sos tons against $50, s12 last
year and 164. 93 tone in 1892.
This Is largely because of the enormous
movement of breadstufs. Atlantic ex-
ports of wheat. -four included. have been
3,726. H2 bushels for the week against
1.536. COZ bushels last year. though Pa
cific exports were only 92.lA bushels
against 3l4.955 bushels last year. Wheat
receipts at the West do not diminish. but
run far beyond those of a year ago-for
the week 4.625. $50 bushels against 2.969. 173
bushels last year. In four weeks exports
from both coasts have been 1851 ,S74 BUSH
els against 5. 704, 1884 bushels last year. The
marvellous feature is the enormous buying
of corn, xport having reached $3.50. 95
bushels for the week against lisa. I'll last
year., and I'm four weeks the exports have
been 0 .2S5,097 bushels against $3.50, 0el
bushels last year.
Yesterday wheat closed 1897 lower for the
week. although wheat flour, rising from
Si.56 to $1.66 for May fell to $.6 OF FRI
day, while July options fell &c. Oficial
and all other accounts agree In estimating
that the wheat yield will be remarkably
large this year In spite of the fact that
the California crop has been much dam
aged for want of rain.
Starting this month with the greatest
consumption ever known, the iron indus
try has made surprising progress in-new
orders, which reached 100. 900 tons in bars
alone, over $4,000 having been placed at
Chicago and 49, 600 at Wheeling. mainly re-
sulting In the extraordinary demand for
agricultural implements. Heavy contracts
for structural work amount during the
week to at least Is. 200 tons, with others
reported at many Western cities. Plate
contracts, outside of the heavy demand
for the government. are very large. and
include 1900 tons for ~shipyards I'm Glasgow
and Belfast. Many structural and bridge
contracts at the West are pending. with
a probability of large orders during the
coming week.
A better demand appears for textile
goods. with a slight advance in print
cloths and a substantial gain In sales of
staples.
Woo sales during the week have been
only S.74S,1C pounds. of which 2.4ss. 100
pounds were domestic, against 6.Si2, 400
pounds a year ago and 4.211. 600 pounds in
the same week of 1892. The manufacturers
are largely supplied with material. al
though some have heavy government con-
tracts and are obliged to buy different
grades of wool than those they have in
hand. Activity in the market is prevented
by the fact that Western holders Utmost
universally believe in higher prices than
can yet be realized in Eastern markets,
so that purchasing is very light. The silk
facture is making a good record for
itself.
Failures for the week have been 245 In
the United States against PA last year
and q in Canada against % last year.