The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-05-14
CONDITION Of TRADE
A FLATTERING OUTLOOK
Highest Price for Wheat In as Year,
With One Exception-A Good Crop
situation-More Confident Feel
ing in the Iron Trade.

pradstreets tomorrow will say: Busi-
ness gains. rather than losses, IL the at
t~ractiveness as spring approaches. While
the favorable situation in cereals IL the
handspring of the improvement manifest
ing itself In many sections of the
there are other causes combining there
with to make the outlook for buyers for
the current season a fiattering one. Fol-
lowing the rapid advances in the prices
Of wheat, which apparently eliminated
for the time being early IN the current
week in a quotation for cash wheat un-
eQualled, with one single exception. and
that only for a very short period Of time,
Tor % years past. there has come a -lull
and the reaction from the abnormalIy
high prices caused by the squeeze in the
May delivery, which. however. has left
prices far above quotations for at least
10 years back.
T~elegraphic and cable advices to Brad
streets only accentuate the already WELL
known bullish nature OF the immediate
owing to the generally admitted good crop
situation, particularly In this and other
countries. the outlook appears to favor
somewhat lower prices than those ruling
for last season, although above those for
the past six years.
with the auietins down Of the Interest
In wheat there has come q partial shift
ing Of speculative interest to other grains.
particularly corn and oats. and mahy
classes of provisions. with advances In
nearly all those lines.
A rather more confident feeling seems
to pervade the iron trade. which is re-
hected in fractional advances for leading
makes of iron and steel. Features of the
week are very heavy sales of pig iron at
many but IL Is again claimed
that stocks have begun to accumulate at
some points as a result of the continued
enormous production, which is placed at
many million tons per month.
Perhaps one of the most interesting fea-
lures of the week. and one especially ac-
ceptable because OF the hitherto very de-
pressed conditions prevailing. is the re.
ported slight Improvement in inquiry and
in tone of the wool market at several
centers. The price situation is still one of
great strength. but particularly so In food
products, which are, with exceptions.
notably coffee and sugar, higher.
Wheat exports were larger this week.
a~egregating 1862. SAB bushels against a to-
tai last week corrected of 2.923, T5 BUSH
els. and compared with 2. lsa. 900 bushels in
the corresponding week a year ago, 1903
900 bushels in 1896, 2,s97. 900 bushels in 1885
and 2.42o. 900 bushels In 1894.
Business failures In the United States
show a slight gain for the week. number
ing $50 against 240 last week, PSI in the
same week a year ago, 265 in 1896 and 2o
in 1895.
Failures in the Dominion of Canada this
week humble Is against % last week and
81 In the same week a year ago.
Dun's Review.
New York, May 13.-R. G. Dun e. Co.'S
Weekly Review of Trade tomorrow will
say: Hostilities have lasted long enough
TO kill man. predictions but few Ameri-
cans. The European notion that the Uni
ted States would begin by having a bad
half hour, the theorist notion that "ev-
erybody knows a great panic must follow
the outbreak of war the commercial
buyers notion that everybody would be
ready to sell everything cheap IL war
came. the notion that II would pay to
hoard money until the emergency passed.
have all been made ~laughable already.
The only panic was when money lenders
were wondering at the impossibilities the
future might have in store for them. The
only hindrance to industry has been due
to waiting of buyers who looked for low
seen i'm the industrial situation except
the closing of some cotton mills owing
to ove~rproduction and the fall of print
cloths to 1877 cents.
Cotton has not risen above 6.37 cents
and many stories of reduced acreage are
current. as a year ago, but they do not
weigh much In view OF the actual receipts
of 10. 500. 900 bales.
The sales of wool have been only 1906.
900 pounds at the chief markets for two
weeks, against IA, $50. 900 pounds last year