The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-07-22
THE CONDITION OF TRADE
No Retrogression in the Indus.
trial World.
A MOST WONDERFUL YEAR
Failures Are the Smallest Ever Known
for the Season - Evidences of
Prosperity-Prices Still
Advancing


will tomorrow say: Seven years of halt
ins and reaction historically follow three
of rapid progress. But the thee of pro-
gress have not yet passed ard the most
cautious search discloses no sign of halt
ing. Foreign anxieties ave been real,
but seem to be passing, and Europe has
begun paying literally for more food W tn
out expectation that securities can be seLt
in settlement. The eXtensi ye labor strikes
have vanished and the local troubles do
not affect national business. Fears Of new
and powerful corporations lessen as it is
found that they are controlled by tie
same laws which govern the small COM
panies. Above all the general evidences
of prosperity continue convinc my. Fail
ures are the smallest ever known 70" the
season, railroad earnings the largest and
solvent payments through clearing houses
in July have been 4S.6 per cent. larger
than last year and 62.3 per cent larger
than in 1892, the best previous years.
The official returns of the most wonder
full year in the nations commerce show a
decrease OF $4,000 in value of the great
staples exported largely owing to prices,
but an increase of about $4,000 in other
Fear of deficient crops has been burned
under Western receipts from farms
amounting to- 13. SCI, Oi6 bushels of wheat
for the month thus far against S.77S los
bushels last year and 10. 29S 60 bushels OF
corn against $685. 1872 bushels last year.
Exports of wheat, Atlantic and Pacific,
have been 7,709, 1893 bushels during the
month thus far against 7,S99.259 bushels
last year and of corn 9,094.O6l bushels
M hY,,l n, Ias
Prices declined sharply with the assist
ance of ample supplies, wheat cents and
corn pa cents, which is the more signifi-
cant in view of the previous heavy ex-
ports of both.
Cotton is gaining abroad largely, though
the price remains at 6.10 cents.
Pig iron has not advanced this week, but
advances have occurred in finished prod
ucts-steel rails at $50 at Pittsburg, bill
lets 1874, sheet bars $3.50, sheets to cents
at Pittsburg and cut and wire nails botn
So per ton.
The American Tin Plate company set
tied with it's hands by granting Is per
cent. more wages and raised the price of
Plates 80 cents per box. san the demand
does not abate, though works have to re-
fuse many orders. In plates one large or
der for shipment to the Clyde was re-
ceived in bars. Less urgency in demand
appears in the East, but in sheets the
works are about filed for the year. and in
structural shapes, besides $500 tons for
bridges and 200 for buildings a Chicago.
a proposal is reported for 5000 tons to
build palace for the mikado of Japan
Coke is unchanged in price and likely
to break the record for production this
month. Tin is lifted to assoc by wild
speculation. copper is firm at 1850 and
lead is said to be sold by the smelling
companies below 4.60c, the quoted price.
Wool Is still advancing. Coates Bros
circular shows a rise of 2.l9c since may 10,
speculation being particularly active in
fine wool because it is rising abroad,
though in less demand for manufacture
here than in combing and medium grades.
At the three markets So, So6, 800 pounds have
been sold in three months against 34,lA, 700
pounds in the same weeks of 1897, before
the present tariff was enacted,
Manufacturers do not appear to be buy
ing largely though the demand for goods
is better and has caused an advance in
textiles and some other kinds. Cotton
goods are unchanged but fairly steady.
Leather is in good demand and slightly
higher, and hides in Chicago rose slightly
with limited receipts.
Failures for the week have been las in
the United States against 20I last year,
and % in Canada against II last year.