The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-05-14

oo0svAa& moro 0rD an thsgs = Doro
demand fsr Foods apart from Ne large
governnent ordersL
The demand for boots ana shoes haviag
pAssed III record In recent months. hao
abe&od- ana yet 1Any orders are coming
forward. ane Just At the point whore there
b general change from enc season to "a
other.
Leather b rising with no sctive dsmand
and hides at Chicago have advanced
about Z per cent. In spite Of the fact that
the cattle slaughtered At the four Central
Western markets. this year are consider
ably more than any other one year ex.
cept In 1891 and l04.
The output Of PIG iron. ~. 30 tons week.
". May 1. against "a. - tons April 4.
shows practically no change excepting the
increase of SIS tons weekly in charcoal
iron. Dedoctins the unsold stocks. which
Increased In April 5.sls tons. the apparent
consumption In that mont was %. $50 tons
daily against 0.1se tons daily during the
previous o months This general ex-
pectation OF al expanding demand holds
prices steady for all finished products OF
At Pittsburg. with other quotations there,
at Chicago and Philadelphia practically
unchanged.
Government orders are heavy. and yet
cover but little Of the consumption,
though they 20 far to cause the over
crowdtng OF shipyards and plate mills. but
higher prices for wheat have brought an
enormous demand for agricultural imple-
ments. and also for locomotives and cars,
while very many buildings In Western
towns and orders for many railroad and
other bridges. for improvements at chi
cago and for ~. 90 tons of steel rails At
the East make up . heavy total.
Money ID easier since the policy OF con-
traction has ceased and only 81. 100. 900
went to the interior during the week.
while the new Dan of the chief banks
averaged Is per cent. of the total CONNER
ctal interests a. against IS per cent. one
week ago and Is per cent. two weeks ago,
with rates much lower than were recently
refused.
The government il paying gold over the
counter largely because II needs notes
more than coin: t7.ooo.ooo gold has been or
Australia. making 90. -. $50 ordered. OF
which about 81. 0o0. 900 has yet to come.
Failure for the week have been 41,S7y.-
$50 against $.sss.s s4 last year and a. \. 21
in 1895: manufacturing, t1.4ll,2 US against
Failures for the week have been ~ in
the United States against - last year.
and "a In Canada against a last year.
Financial Bsvssw.
New York. May l3.-Bradstreet's Finan-
cial Review Tomorrow will say: In the
main Wall street has devoted the present
week TO an active bullish speculation
based on the naval victory at Manil and
the expectation of other successes, as
well as on the evidence of SPANS imam
cial and military weakness and the belief
that the war will soon be decided even II
peace Is not at once assured.
The excited speculation in grain and the
high quotations recorded for wheat were
also bullish factors, mainly because. in
conjunction with the prospect of another
large wheat crop, the prices apparently
insure a very prosperous season to the
Western railroads. The stock market was
not. however, without spells of hesita-
ton, or even of slight reaction. London
was also a rather pronounced seller of
stocks. professional interests there dis
posing Of considerable stocks which were
bought on the decline in March and April.
United States offerings were, however,
well taken, and the volume. including as
they did. heavy buying orders through
commission houses. indicates that the
public interest in speculation has revived.
The passage of stocks from strong into
weak hands was. however, a feature and
Its natural consequence was that toward
the end of the week the market appeared
to be over-bought and had a disposition
to rest on the absence Of further favora-
BILE news and to wait for Developments
in connection with the campaign against
Cuba and Porto Rico. This naturally pro-
voked some realizing by professionals as
well as bearish activity by the traders.
There was more or less pool manipulation
seen In the market and some Of the spe-
cialties were the objects of revived ac-
tivity of an artificial origin.
Bank Ciearings.
New York. May 13.-The following ia
BILE. compiled by Bradstreet. shows the
bank clearings at the following cities for
the week ended May IL. with the per-
centage of Increase and decrease as COM
pared with the corresponding week last
year:
Inc. Dec.