The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-09-30
THE CONDITION OF TRADE
The Volume of Business Shows
q Great Increase.
IT'S A GREAT EXPANSION
Sixty Per. Cent Increase Over 1899.
A Reconstruction OF Business and
Industries-A Great Demand
for Iron.

New York, Sept. Or. G. Dun &
Co.'S Weekly Review of Trade will say
Tomorrow:
september is the 18th consecutive
month in which the volume of business
both at New York and outside of New
YORK has been greater than the same
month OF any previous year. In these
IL months payments through the clear
ing house have been $S9, 900, 0O0, 900
against $61 200. 100000 in IL months end
ing with september, 1892, an increase
or wy, 400, 000,00 over 46 per cent.
When the tremendous expansion be-
gan men called it replenishment Of
long depleted stocks, then for a time
it was called a crazy outburst of spec
ulation, and when demands still ex-
panded, some permanent increase of
business was recognized as a result of
increased population earning better
wages. But the demand still grows
now ranging about so per cent. greater
than in 1892, while the population, ac-
cording to the treasury estimates, is
16 per cent. greater and wages are not
more than 10 per cent. greater. A
| reconstruction of business and indus
tries, of producing and transporting
forces, is in progress throughout the
land with results which none can now
measure.
Iron consumption, instead of 100000
tons per month in 1892, is now more
than 100000 tons per month, and yet
is so far behind the demand for prod
ucts that the capacity of most works
is sold far on into next year. With
sales of 10000 at Pittsburg, Bessemer
pig rose to $3.50, Chicago coke and
southern pig again rose ST. and new
furnaces are sold many months before
they begin work. Bars are hard to get
| -, ~
Republic company being sold to jan
uary and 2.25 is quoted for common at
Pittsburg, while at Chicago the great
demand for car building falls on works
overcrowded. Contracts for 5000 tons
of plates have been placed a Pittsburg
and at all points the price is rising with
astonishing demand. Sheets are also
higher with the demand intensified by
renewed efforts for consolidation.
Shipments of boots and shoes from
Boston in nine mnthS have been $780,
676 cases, against $685. $50 in 1892, and
in four weeks 390,622 cases, against
360,699 last year, 376,7f1 in 1897 and less
in any other year Here the increase
is more proportional to population, but
works are all a month or more behind
their orders for the season. Spring or
ders are fair, but restricted still by
unwillingness of makers to contract
largely at prices now obtainable, which
dNCldSC dpoul CShlS duNducS, WHtEo
makers deem 71ac necessary. The wool
market is active with a general adj
vance aggregating about half a cent
on washed fleece combing, and the en-
| tire list quoted by the Coates brothers
probably averages about Nc higher.
Heavy weight woolens are well cleaned
up and of spring worsted many lines
are withdrawn. The clays are being
| nominally advanced to 81 AS, with some
| fancy worsteds per cent. higher.
Stronger demand for cotton staples
causes an advance of Nc in brown
| sheetings and drills and 1sc in some
| bleaehed goods. A broader selling ar
| rangement at Fall River seems likely
| to prevent the proposed consolidation.
Cotton opened the crop year at 6.25
| and has risen to 6.S7, although about
| a quarter more has come into sight
| than last year from the greatest crop
on record and stocks here and abroad.
| commercial and mill are $780, 900 bales
| greater than a year ago. Belief in Sc
| rlous loss by drouths gains ground
and also belief in largely increased
| manufacture.