The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-11-19
THE CONDITION OF TRADE
Several Substantial Develop
ments This Week.
PIG IRON GROWING STRONG
improved Conditions in Collections-A
Wider Distribution OF Exports OF
Manufactured ooods-Trade
Expansion.

SNtW lOihs NON. , W"
morrow will say: Evidence accumu-
lates that the general results following
from the recent elections are no longer
confined to improvement In lone and
confidence. though the active feeling
influences dealings In both financial and
mercantile lines. Several substantial
developments present themselves this
week. among which are a number OF
advances I'm prices. exceptionally few
declines thereof. growing strength In
h pig iron situation. unp~recedentiy
large weekly bank clearings and re-
markabiy good reports as to export
trade. not only in the line of foreign
products but In enlarged trade In a
ufactured products. Distribution OF
merchandise shows but little change
from recently preceding weeks. but the
growth In confidence is reflected in
very general reports OF improved collec-
tions on past business. First and fore
most In the line Of foreign trade extern
sion are the eturns recently made for
October. pointing to exports for the
month larger than in the corresponding
month of any preceding year. second
only TO those Of December OF last year,
and ~chargeable not so much as IN
ly to enlarged exports OF farm products,
but to heavily increased exports of fin
ished products OF American industry.
In this connection especially good re-
ports come from the iron and steel In
dustry, which has thereby been rem
dered more nearly independent than
ever before of fluctuations In domestic
prices.
The strength In values of all cereals
all the trading breadstuas are higher
his WEEKS Of course due 10 the con-
slant foreign demand effecting very
large gains in domestic supplies which,
however, are below any corresponding
period for years past. Comparisons or
four months exports. July to October.
inclusive. point TO wheat n Hour shiT-
ments little below those o. iast year
only 10 per cent. below those OF 1891, the
heaviest ever known. The strength OF
cereals finds imitators in coffee and
some Improvement in sugar. which Is
relatively higher for refined. on growing
strength OF Jaw supplies. Coffee retains
its old bullish tone and even cotton Is
higher on smaller movements. There
Is an improving tone OF the dry gooos
market.
Wool sales continue of good volume
on more confident buying of small man
u~facturers, who. however, report the nm
ished goods trade unsatisfactory. Heavy
sales of bonded wool for re-export to
England are reported this week.
Rather more inquiry is noted for pig
iron. and the tom OF prices Is strong
In contrast TO that Of Steel which is
being shaded by those eager TO book
new business. The steel rail situation
is apparently unchanged and much
business Is held up awaiting settlement
of price and other details.
Wheat. including -four. shipments Tor
the week aggregate b~,679.l51 bushels
against 3.674,693 bushels last week,
s.653. 1893 bushels in the corresponding
week Of 1897. 1887. 233 bushels In 1896,
2,9ls, s3S bushels i'm 1895 and S.l22.6lS
bushels I'm 1894. Since July i. this year.
the exports OF wheat aggregate s2,ss9.45I
bushels against 95,97S,i26 bushels last
year.
Business failures in the United states
this week number 229 as against lSI last
week, 2s5 in this week a year ago, Sos
In 1896. 1923 in 1895 and 295 in 1894.
Total number of failures In the do
minion Of Canada this week are "a as
against 30 I'm the preceding week. 81 in
1897. A. in 1896, AZ in 1895 and 70 In 1891.