The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-09-10
THE CONDITION OF TRADE
Favorable Basic Features AL
ready Noted.
CONFIDENCE Is UNDATED
Growing Strength in the Leading Indus
tries-Price Level Higher Than in
Five Years-A Good Ex-
port Demand.

New York. Sept. 9.-Bradstreet's to-
morrow win say: Heat and holidays hsve
Impaired an irregular appearance TO spec
ulative and general di%stributive trade this
week. and therefore to the bank clearing
returns at the East, but with the arrival
Of cooler temperature some Improvement
is reported at those markets. Generally
speaking, favorable basic features al
ready noted stin continue most in evil
dence and tho attitude OF quiet confidence
in future good trade Is undated. Condi-
lions in many leading INDUSTRIES. nut par
ticularly in iron and steel and its prod
ucts. are on continued, and In some cases
growing. strength. The general level of
prices OF staples is the highest reached
for five years past. railway earnings, Ia
vored by the large movement Of wheat to
market. showing larger gains than have
been recently reported, a good export de-
mand for agricultural and manufactured
products being reported Failures remain
at a minimum and reports or poor trade
are conspicuous by their infreauency.
Less favorable reports from abroad and
good export inquiry are reflected In a
rather steadier tone In wheat and in adj
vanced quotations for ocean freights.
Corn continues to experience a weather
market, hut prospects of yield are stll
regarded as favorable. Following the III
tense activity i'm the placing of orders for
iron and steel i'm the past few weeks has
come a q~uieting In the demand, but ex-
pericnced buyers and the very firm, ana
In some cases the upward tendency OF
prices. point To the conclusion that the
lull Is almost entirely due TO the mills be-
Ing already heavily oversold.
Export business has certainly been
checked by the inability OF American mills
to deliver within time limits set, but or
ders have been placed at the West this
week for a large lot of steel bars for
shipment to England.
Pig iron remains strong In tone and the
firmnes of prices Ii a feature. southern
iron is In particularly good demand for
export and holders readily refuse offers
where anything less than the full market
price Is offered. Talk of a further 25-cent
advance comes from Birmingham.
Unabated activity is reported at Chica-
go and dry goods shipments cannot be
made fast enough. Small but numerous
advances in prices of different classes OF
steel are reported from that city and st.
Louis. Several roads are reported to be
buying from two to three months ahead
Of time. Business is active at Kansas
City. Omaha. Cleveland. Louisville ana
throughout the entire Northwest. on the
Pacific coast San Francisco reports mer-
chants Interested in developing trade
with Hawaii. Healthy activity exists in
distribution at Portland, Tacoma and Sc
attic.
Some check 10 the trade Is reported In
the lower Mississippi valley, caused by
reports of yellow fever and heavy rains
on the South Atlantic coast. Hot weather
and holidays checked the dry goods trade
I'm New York. but cooler weather has
brought an improved showing.
Wool sales have again fallen off at Bos-
ton. Cotton goods are quiet but steady.
and the demand for mems wear woolens
is not up to expectations.
Business failures in the United states
number 142 against iG4 last week, IFS In
this week a year ago. 3oS in 1896, 215 in
1925 and 223 IN 1894.
Business failures number II against q
last week and 80 I'm this week a year ago.