Griggs courier. (Cooperstown, Griggs Co., Dak. [N.D.]) 1885-1902, 1899-01-26
EVERY INDUSTRY ACTIVE.
The Present Volume of Business in
All Lines Is Said to Break
All Previous Records.
CONFIDENCE IN THE FUTURE IS STRONG.
The New Year Continues to show
Trade Beyond All Expectations
The Iron Industry Remains the
Absorbing Feature of lnterest-Lit-
tie Change I'm Cereal Market.

q. New York, Jan. 21.-The trade stu
alton as considered by r. G. Dun & Co
in their weekly review is as follows:
IA new year rarely opens brilliantly
Too many traders have to wait for the de.
| mand which in winter comes slowly. The
industries resist fairly we'll the tendency
to unlimited expansion which some have to
meet. Speculation in products is gaining
but little while in stocks an enormous vol.
| ume Of business results in continually
| higher prices. The volume Of payments
through clearing houses is extraordinary
42.7 per cent larger than last year. 96.9 pei
cent. larger than in 1897, and SIS pei
cent. larger than in 1892, even the transac.
lions outside Of New York showing gain
/ over 1892 Of 44.6 per cent Speculation al
New York therefore cannot be the main
cause Of gain Difficulties between holders
| Of material and manufacturers continue te
\ hinder in some Industries, and in some
may prove seriously embarrassing. but the
activity is on the whole unsurpassed hith.
erto and the volume Of traffic is beyond
ali expectations. In some branches con.
| sumption is running beyond the producing
capacity. but in others 1t is hindered by
doubts about the future supplies and prices
OF materials.
Failures for the week have been 249 in
| the United States. against 37 last year.
and 81 In Canada, against So last year."
Bradstreet's Review.
Bradstreet's review says:
1.-THE continued strength of staple values
accentuated this week by further advances
in iron and steel and other metals in cot.
ton at the south and in lumber at some
western points. has undoubtedly added to
the confidence with which the outlook fol
the ensuing year Is regarded. That this
confidence has a fair basis in fact will
be gathered from the reports received from
the iron and cotton goods trade, the firm
ness in cotton goods being Of considerable
interest in view of the depression ruling
throughout the larger part of last year.
'"The iron trade situation remains as for
some time past, feature Of absorbing in
terest. Large as the production Of pig
iron is. eager buyers are found apparent
ly for every ton offered. Most furnaces
are reported booked ahead on orders. and
some advances are frankly stated to be
due to the desire Of makers to discourage
reasonable period. A strong side light UP.
on the strength of iron and steel the world
over is offered by the statement that iron
in Glasgow this week reached the high
est prices noted for ten years past. Fea-
lures Of the domestic market have been
pig, steel billets. wire rods and steel rails
and in addition. copper. lead and tin are
all higher.
Little change IL reportable in the
market for cereals, and the market for
cash wheat still reflects the commanding
position held by the United States as the
supplies Of the worlds wheat. notwith-
standing the predictions Of near approach
ing competition from Argentina and from
Russia, shipments from which. particu-
larly the latter, do not at all accord with
the liberal estimates of production pub
ceptib!e improvement in the demand for
dry goods. particularly cotton fabrics. at
New York and Boston, where late advances
are firmly held. There is also more doing
in dress woolens at those markets. The
lumber trade at most markets is in salts
factory condition. The strength of prices
is unimpaired. and advances in white pine
are reported from the west. while in hard
woods values and confidence are alike
unchanged.