The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-10-22
THE CONDITION OF TRADE
A War Of Exchange Between
European Countries.
THE DEMAND FOR WHEAT
IN, Export OF the Grain Has Been Enor-
NORTHWESTERN Farmers Are etiu
Holding Back-Improve-
ment In Wool.

view fork. Oct. 21.-R. @. Dun q Coz
Weekly Review of Trade will, to-mor-
row. say: The growing foreign demand
for American products is Influenced
mainly by political uncertainties
abroad. While Europe awaits the out
come between England and France
about the upper Nile. the ~fnanciers of
all European countries are trying to
force upon each other the burden Of
providing cash for the enormous de-
mands of the United States. England
has so managed as to make France
and Germany send most OF the gold.
ana the resulting war of exchange be-
tween foreign nations checks for the
moment the movement OF gold this way.
Yet these all other causes do not
80 far hinder business as to prevent an
excess after the most prosperous OF
previous years. The exchanges
through all clearing houses for the past
week have been 6 per cent. larger than
last year and IL per cent larger than
IN 1897. but outside of New York for the
week transactions were smaller than in
1892. The outgo of wheat staggers all
prophets of disasters. but while the
price has advanced 3 cents at the West.
the rise would have been much greater
but for the feeling that the enormous
foreign demand nay not last. Exports,
Hour included. rave been for the past
week 1883. $50 bushels at Atlantic ports
against 3.576.507 last year. and 923, 2T8
bushels from Pacific ports against 1885,
Sl3 last year. making for the three
weeks IL, 9s4. 53s bushels against 14.221,-
800 last ear without doubt many
Western farmers are still holding back
their wheat, n yet the receipts at the
htA 49, 49,
weeks 30. 592, 494 bushels against 20, 727, sol
last year. II is significant that this
heavy demand continues after foreign
crops officially reported as fairly large
have been almost everywhere harvested.
The corn exports continue large,
2.634.4l bushels against 63s.235 last
week. and 1907. 009 bushels for three
weeks against 3.914. 764 last year, and
although 1t Is the bottom point Of the
year for corn. prices have risen nearly
Ia cents during the week.
While the cotton spinners are said to
have agreed upon a selling agency and
a curtailment of output. there Is a bet
ter demand for staple goods and pros
poets OF a better demand on future.
In wooden goods also there has been
a marked Improvement during the past
week and better sales with a good in
quiry. This is presented in the large
transaction in the wool market. sales
having amounted for the past week to
1856. 400 pounds. OF which 2.741. 700 were
domestic. making for the past two
weeks 1886. 100 pounds against 81. 1862. 100
for the same weeks last year, 90, 765. 500
pounds for the same weeks in 1886 and
1884. $50 pounds for the same weeks
In 1892. Sales of Boston have been the
largest for nearly two months. but at
some concessions in price which were
not reported in published quotations.
The manufacturers are altogether en-
couraged with the increase and have
reason to believe that the expected de-
msnd has set in. But there is yet the
fact that the current demand is largely |
for low-pr,ced goods.
There is much hesitation in the iron
and steel trade partly because the out
come of various commissions I'm Besse-
mer pig. steel rails. bar. wire nails
and the like cannot yet be definitely an
ticipated. The plate mills have re-
ceived orders for 10000 tons from the
government for ship purposes, and the
bar n billet mills have orders to keep |
them busy for some time
Failures for the past week have been
221 in the United States against 224 last
year. and "a in Canada against IS last
wear. |