The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-10-01
THE CONDITION OF TRADE
A Small Aggregate of Failures
for August.
THE STATE OF BUSINESS
Staenation in Wool Continues-Seles
Smaller han 18e3-Demand for
Boot n Shoes-In Other
Lines.

New York. Sept. 30.-R. c.. Dun e.
Co.'S Weekly Review Of Trade says:
Failures in September have been about
So. 900. 900. and for the quarter about
$22.s 900. No report covering the ex-
act month or quarter is possible this
week for a journal which must go to
press on Friday. the Both. but the re-
turns Indicate a smaller aggregate of
failures than in any other month in
many years except in August of his
year. and smaller for the quarter than
in any quarter since 1892. In fact. ex
cepting n quarter in that year. no
other appears to have shown a smaller
aggregate, unless more than 10 years
ago. when the volume OF solvent busi-
ness was very much smaller than II is
now. Evidently IN complete returns
To be given next week will show that
the state of business is in that respect
more satisfactory than IL has ever
been. unless in this quarter of 1892.
Changes are all for the better. except
ing the fall of cotton to the lowest
point for 80 years. and even the lowest
price of ls4s. considering the difference
of qualities. were. perhaps. not lower
than prices this week. IL there were
not on hand commercial and mill stocks
unusually large. or IL manufacturing
were more successful, early recovery
might seem probable. but the heavy
fall in material has affected the demand
for goods. causing buyers to expect
still lower prices for cotton. While
the ~stagnation in wool continues and
sales are smaller than i'm the same
month In the panic year. 1893. numer-
Gus mills have started temporarily to
get out sample pieces. There has been
no nnfnhla haRllnn in xNnal and aan N.aINr
any in goods, the reduction having
stimulated a larger demand.
The demand for boots and shoes
seems a little better and recorded ship
ments have been larger than in Septem-
Der of any year. except the last. and
larger thar i'm any other year from Jan.
to date. In the minor metals. slight
in tin and lead does not in
dictate smaller consumption. while cop-
per Is strong at 12A cents for Lake and
spelter strong at 4.32l2. Nickel is high
err at 35d3S cents and tin plates I'M
changed. in spite of the enormous in
crease in production. though the de-
sire to push smaller works into the
consolidation which now commands ia
mills is said to threaten temporary de-
cline. With pig iron everywhere. in
spite OF the extraordinary output. and
Bessemer held at 1915 at Pittsburg.
while producers report $780, 900 tons sold
for delivery before June next. the con-
sumption is evidently growing. The
weeks reported contracts include one
for IL. 900 tons of pipe from basic steel
by the Standard Oil material
for 1000 cars ordered by the Pennsyl-
vania. structural work for many ordi-
nary and two large buildings and
heavy orders for plates. partly for two
lake vessels, and partly for Eastern
~shipyards, which have larger business
ever. The demand for iron bars,
owing to the increased use Of steel. Is, |
In some quarters, below expectation.
and shipments are less active at Pitts
burg. though the mills are full to or
ders. Rail producers are negotiating
a new compact and the Eastern price.
SIS. is said To be shaded in some quar-
tiers. while IL is pending. But car. loco
motive. bridge and structural work is
exceedingly heavy. and there is no
signs Of decreased demand.
Wheat rose 2iA cents, but on Thurs
day declined sharply. closing 2 cents
lower for the week. Notwithstanding
very heavy exports. amounting for the
week to 1891 .022 bushels, against
1902. is6 last year. and for the four
weeks to 15.Ol1, e62 bushels. against
90. 66l. 2i6 last year. -four included. The
usual babel of guesses does not change
the belief that the crop will be the
ever grown. and while farmers
throughout the West are holding back
grain largely because OF low prices. the
receipts are now running
above the extraordinary movement Of
a year ago. both for the week and
month.
Failures for the week have been I95
In the United States. against 19t last
year. and II in Canada. against 80 last