The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-12-07

the following results are shown: Ag-
gregate resources. 50. 800 COS. 500; loans
and discounts. s4.eS2. sS2. lois; Inc de-
posts. ST. Il.023.s72.
Loans and Currency.
The interest bearing debt July l.
1897. included unmatured United States
bonds outstanding in the amount Of
ss47. 800. 600. No material change ap-
peared in the debt statements in the
fiscal year ended June 30, 1898. but
on n 10 a circular was published
inviting public subscriptions for $780,
900. 900 3 per cent. bonds authorized by
The act OF June 10, 1888.
The public response to this invitation
was not confined to any section OF The
country. and during the 80 days pre-
scribed In the circular as the period
for subscriptions there were received
, 2.224. of $500 and less. accompanied
by full payment for the bonds, and
more thar $4,000. i'm sums greater than
$500. accompanied In each Instance by
a deposit of 2 per cent. of the amount
subscr, bed The total Of subscriptions
OF $500 and less was 800. 4ii. $50, and the
total in greater amounts than $500. in
GLIDING certain proposals guaranteeing
the loan. amounted in the aggregate
t. more h a 81. 400. 900. 900.
As provided by the circular, the al
lotment of bonds to subscribers Of
amounts greater thar $500 began i'm
mediately upon the close Of the books
July IL. the smallest subscription he
ing first allotted until those of 1900
and less had been reached. There was
a residue. ascertained to he about 81.
100000, which was allotted pro rata
among the subscribers Of $500. each
subscriber for that amount being
awarded the sum Of 1900.
| The honda Nara dated Ang 1SQS
and their preparation was carried on
as rapidly as possible. Soon after that
date the department began their deliv-
cry, subscribers for $500 and less being
the first To receive their bonds sub
stantially in the order of the receipt
inc acceptance of their subscriptions.
The delivery of the bonds to subscrib-
ers OF this class was practically COM
pleted about the list of September,
though there are still some undelivered.
owing to incomplete address or some
other irregularity not yet adjusted.
Before the delivery of the bonds to
subscribers of $500 and less had been
completed. he department began the
delivery on account of greater sub
scriptions. This has continued to the
present time. and Is still in progress
as subscriptions amounting to about
500, 600. 900 are still in art unpaid un-
der that provision of the circular of
June 10 WHICH PRIV lutu lbI lhg iltnAS
in installments of 20 per cent. at inter-
walls of 40 days.
Foreign Commerce.
The foreign of the fiscal
year 1898 in many respects has been
phenomenal. The expectations Of the
products of both field and factory ex-
ceeded I'm value those of any preceding
year. and the grand total Of exports
was the largest ever recorded. For the
first time in the history Of our foreign
commerce, the years expectations aver
aged more than 500. 600, 600 per month.
the total being 81. 231. iS2. $50. against
81 $50. 1898. $50 in 1897 and i,030. 27s. las in
1892. no other years having reached the
billion-dollar line.
OF our domestic exports. the value Of
agricultural products was 1858, 6S3 20.
surpa ssing by S54, 355. 33s the highest rec
ord cVer before made. hat Of 1892. our
manufacturers also made their highest
record Of exports. those for the year
being $3.50, 691 1854. against $217. 2S5. 39l in
the preceding year. For the first time
also in the history of our foreign com
merce. the exports Of domestic manu-
faCturers We're greater than the imports
of foreign manufacturers. while the
total exports OF the year were twice as
great as the total imports-a condition
heretofore unknown, the trade balance
in our favor being more han twice as
great as that OF any former year.
Nearly all branches OF the great man
u%facturing industries shared in this in
crease of the export trade, particularly
manufacturers of iron and steel.
leather. boots and shoes, and mineral
oils, the princiDal exception being cot
ton goods. the demand for which was
somewhat reduced by the fact that GER
tain countries formerly buying our
manufactured goods are now buying
our raw cotton for use i'm their
own factories. Nearly all classes
o the great agricultural pro-
ducts made their highest rec
ord of exports I'm the past year. The
value OF the wheat and fiour exported
was greater than In any preceding year,
except 1892; the quantity Of cotton.
corn. and oats surpassed i'm zach case
hat of any preceding year. and the ex-
ports Of meats n dairy products.
grouped under the general head of pro-
visions, exceeded in value those of any
former year.
The prices realized on nearly all i'm
portant articles of export were higher
han In the preceding year. the notable
exceptions being cotton and mineral
oils, I'm each Of which the production I'm
the United States. the worlds chief
producer Of these articles. has been in
the past few years ~phenomenally large.
thus affecting the prices abroad as well
as at home.
In importations. tho year has shown
an equally remarkable record. the value
Of foreign imports being less than i'm
any previous year. with n single eNcep-
tion. 1850. though the population has
increased so per cent. since that time.
Thu total imports were but s6l6.0i9.6j4
I'm value. against 1854. 40 412 in the pre-
Ceding year. and S119.72467i "A year ear
Her. The falling OF was almost en-
tirely In manufactures and articles Of
food. The importation Of wooden man
ufaCtures was Sli923.1 al, against Si9.-
162. 1872 in the preceding year; Of cot
ton goods, So. 267. 800. against s34.-
42s.363 in 1897: OF manufactures Of
iron and steel. sl2. 626. i3l. against
SD. 094.551 in the preceding year;
Of eaTthenware and china. So. 6S7. $50.
against S9.977. 297 a year earlier: of glass
and glassware. 81 ,7S2.6l7. against So
Coz NhS In lNn-- and nf tin nlaIn 81 700