The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-08-27
Dun'S Review.

New York. Aug. 26.-R. @. Dun G. Co.'S
Weekly Review of Trade will say: The
volume Of business reflected In exchanges
At the principal clearing houses is 30.4 per
cent. larger than last year and 26.S per
cent. larger than in 1892, heretofore the
year OF largest business and highest pros
peTity ever known.
Part of this increase was due to specu-
lation at New York, but there are most
healthy Increases over the best OF pre-
vious years, and though in some branches
business is not satisfactory i'm character.
I'm nearly all ~ is I'm volume larger than
ever before. No unfavorsble changes ap-
pear In the prospect Of crops. upon which
the welfare Of the country largely de-
ponds, nor Is there present or threatening
financial disturbance. Europe has not
wearied Of buying American securities.
although some spectators nave been
selling, nor has there been shown any
want OF confidence among American in
Vestors.
Comparisons as 10 foreign trade are apt
10 mislead because imports last year we're
extraordinarily small after the big rush
TO anticipate new duties, while exports
were beginning 20 show the phenomenal
demand which made the year quite the
most remarkable In our history. Hence,
the decrease OF Is per cent. from New
York I'm August thus far Is not alarming.
but sales Of products yet to be followed
are large and have stopped advance in the
current rates of foreign exchange. Nor is
II at all disheartening that imports at
New York for the month thus far exceed
last years by nearly 5000 600. since last
year they feu below those of 1896 by more
than $4,000. coo.
Wheat goes down 3 cent. for the week.
as n there were no foreign demand com
ing. the previous concert OF farmers TO
keep bach wheat. the crop being certainly
very large. tending 10 encourage a con-
spiracy OF traders against them, which
thus far has entire control Of the market.
Atlantic exports for the week have
been 2.73l, 5g4 bushels against S56S 800 last
year. and for four weeks OF August H.
lOl o1s bushels against l3.sS7.62S bushels
last year. while Pacific exports. 25i. 30
bushels for the week against UO.Sl9 bush
els last year, have been for the month
1853 20 bushels against l.405.G33 bushels
last year. 10 is wise 10 remember that the
foreign demand on account Of last years
shortage is stil tapping over, while re-
ports show that foreign crops are about
average.
The sutput Of iron and steel no longer
measures the demand and the stipulated
]stoppaEe of furnace In the ~Shenango
and Mahoning valleys has raised the price
Of Bcssemer pig at P%ittsburg TO $3.50 and
Of gray forge 20 s.. p without any GER
tainty whatever that such prices can he
maintained when the valley furnaces re-
sumo operations. as some OF them are
ROW doing. The natural result is that the
Pittshurg region Is so much the less able
tn compete with the great Illinois COM
biucd Just formed. which is getting all
the business Il can do and promises TO
turn out iron at less cost than any other
works IN the country. At all points bars
promise a larger output than ever before
and structural forms and plates are In
heavy demand while the tin plate pro
ducers have felt themselves obliged 20
advance prices about 10 cents per box,
and the sales are said TO be very heavy,
Failures for the week nave been la In
the United states against ~ last year
and rs I'm Canada against "a last year.