The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1899-03-20
THE BUSINESS WORLD
Was Never More Prosperous Ac.
cOrding TO Dun and
Bradstreets.

New York March 1s.--R G. Dunn g. Cos
Weekly Trade Review said today:
90 can be said that payments through |
tie principe clearing houses for the
past week have been 574 per csnt. great
er than in 1892. and 459 per cent. greater
than 1897 but that exeggerates the gain in
some branches Of business, while In 9TH
ers 1t falls far short of the gain. Thus
the February exports Of manufactured
products have about doubled since 1892
omitung New York clearnigs, where spec
iuation in stocks in most active. payments
through the other principal clerirg houses
for the same week show an increase of
5ld per cent. over 49, and 81 per cent
over last year But without regard TO
such details all realize that the volume
of business In all branches is the greatest
ever known. The national prosperity rests
on more sohd foundations The exports
OF hreadsmffs, provisions, cotton and oil
| in February showed an increase of$6 OO0.-
900, but otNer exports mainly manufactur-
cd. We're S36, 40G,9iS in value, against t3l.
2l5,3g6 last year. and were sufficiently
large TO cover sixty per cent. of the entire
/ imports. The merchandise exports ex-
/ ceeded imports for the month ss3 624 III,
| the gold supply increasing, and there
| appears no occasion for monetary ditur-
bance. The treasury recorded its first pay
ment Of $4,000 OO0for the Central Pacific
railroad, having previously received s5s,-
900 600 for the Union Pacific and over six
million for the Kansas Pacific
Swiftly rising quotations for iron and It's
products would mislead IL IT were not
kept IN mind that more than nine-tenths
of the iron manufacturing capacity Is en-
gagged. and viii be until July or later in
the execution of orders taken months age
ucts go out this month 100000 at such
at low pdices. II a million tons OF prod-
prices as SIS 70 $50 for steel rails, at which
the entire output of the Illinois steel COM
pany for this year was sold some time
ago. Il hardly indicates the true charac-
ter of the iron business that less than
10000 tons are going out at such prices as
S26 to SOS per ton for steel rails made here
for small lots this week. Retail buyers
now have to pay fancy prices to get or.
ders accepted at all, withdrawal or post
ponement Of business because of higt
prices begins TO be a special feature as
much business is evidently less through
there is still sales for export $500 ton OF
Blpt AoI CQuln America ana 1tVV IONS
bridge material for Burmah
The Connecllsville Coke Works, VITA N
output Of 1920 ton weekly, and many op
Grating Sundays to catch up with orders
have advanced prices only Is cents.
Wool sales at the three chief market
have been only 49O5,6OO pounds, of whicI
2.76lOOt were domestic. against 5,O7s.2O
: in the same week of 1892. Of which 35O7.
! POO were domestic; but prices are soft an,
some dealers are said to have yielded a
much to two to three cents per poun
clean because nobody can guess what ef
feet the new combinations may have
!, Prices are largely nominal and yet ther
, is somewhat better demand for goods
Nor has the strong demand for cottoi
goods been helped by the weaker marke
p for cotton, which has fallen to 6.37 cent
in spite OF the volume of reports abou
q the bad condition of the late picked pro
duct The price of goods has been strong
ly advanced, and is held, but yet dc
pends on the price of cotton.
The market which has lost most Is tina
y has least statistical reason to lose, b'
5 cause no estimate Of wheat in farmer
: hands March l. would provide more tina
about last years exports and domesti
a demand to July /. The actual exporu
: -four included, from both coasts uurin
4 the past two weeks ave been 1855, 900 bus
J. els, against 1857 500 iast year. But sue
Y exports imply foreign demand which
= not unlikely to exceed last years and n
f, corn exports are also a little larger tina
e last year. The western receipts for tn
b week have been 3,359O 600 bushels. agains
I 1857 SOS last year.
y Failures tor ne week have been 1S9 1
United States again st POS last year and
i'm Canada against q last year.