The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1899-11-04
THE CONDITION OF TRADE
An Extraordinary Demand for
Wool at Boston.
IRON PRICES ADVANCING
Contracts Running Into Next Year
Weakness Apparent in Some
Lines-High Prices Restrict
Sales.

New York, Nov. 3.-R. G. Duns
Weekly Review of Trade will say to-
morrow: British disasters in South
Africa have brought to view something
besides the steady self-reIiance of the
English people that they hold not many
American securities to be dislodged
in any time of alarm, but are inclined to
take more when stocks and money look
for save investment. A little decline of
&c in wheat and 11ac in corn does not
hinder exports, though it is some ev-
dence that growers think they have
ample supplies. Atlantic exports of
wheat for five weeks have been, flour
included, 15,6S6599 bushels against 49,
1S2631 bushels last year, and Pacific
exports, 2,713,551 bushels against 3,317-
434 bushels last year. Western receipts
of wheat have continued heavy, but
have not rivalled last years extraor-
binary outpouring, amounting to only
| So, 95S,0S7 bushels in five weeks, against
49. 791 bushels last year.
The enormous sales of wool at Hous-
ton, 21,557, 800 pounds reported making
25,36S,T00 pounds at three chief mar
kets for the week, are extremely i'm
portant. That all are not for con-
sumption as the trade s naturally
tempted to believe, may be true, and
yet actual purchases by the mills of
half that quantity would imply extra
ordinary encouragement respecting the
demand for woollen goods.
Expectation of higher prices at Lon
don prompt much speculative buying,
| but the demand for woollen goods is
| also undeniably encouraging.
| Cotton manufactures have also bean
in great demand, with prices constantly
TT, 4
| at 1856 cents goods are relatively near
er in price than they have been since
| October l. but it is expected they will
! advance much further. depending upon
| the correctness of current estimat ties of
| the forthcoming crop.
Prices for pig iron for early delivery
are still advancing, but as a great part
| Of the demand has protracted itself
by contracts running far into next
| year, including purchases of $4,000 tons
| of Bessnler this week at $3.50, and as
billets are quoted at $3.50 for spot but
$35 for next year, the market can be
| interpreted several ways. Anthracite
pig is also quoted at $24.50 for early de-
| livery. But no finished products have
advanced during the past week except
ing refined bars, which the eastern asso-
citation has put up to 81 per ton.
More weakness appears in some lines,
of which the works have not orders
running far ahead. But it is claimed
| that 1900, 900 tons of rails, so per cent.
of the entire capacity, has been sold
for next year. Tin Is weaker at $1,000.
and copper II cents while speter is Of
fered at $4.S5.
Dealers are refusing to pay the higher
prices asked by manufacturers OF
boots and shoes to such an extent that
future orders are somewhat restrictd.
Considerable irregularity appears in
the relation between the demand and
supply, with rather more general hest
fancy in buying on the part of dealers
of woollen goods. Hides and leather
remain strong, packers having some
what advanced prices at Chicago. their
supplies being sold for four to six
weeks ahead.