The Coalville times. [volume] (Coalville, Utah) 1894-1923, 1895-04-05
WEEKLY REVIEW,
The business 81 the week -. Reported by
Jun. Rc,irW

The business ~ the week a. Reported by
puu'. Review
signs oi improvements a'l the more
satisfactory because nei,heruccompinIed
not apparently produced by specu.
iatiye ,raze. Dealings 900 stocks, cotton
aud vheat are diVer'iug all the interest
and capital from productive industry
and legitimate trade, though these pro.
ducts areall q shade stronger. Bui rail.
road earnings, bank clcarngs ana in.
dus'riai indications are more cuco1ras.
ing ihis week. liis u remarkable Tea.
ture that "a, lifting this year begins at
tie bottom, 81 90 speak, the materials
are raised before there l. any larger de.
mand for their finished products thing
not often done with success. Hides
rose, then leather, and then shoes
cotton rose, and afterwards some cotton
glod- coke Wa advanced and after.
wards Bes-cmrr pig la an these eases
Il Is reasoned that the larger demand
for consumption, though yet wanting,
must come when IL IL seen that prices
are going up.
Higher wages for coke workers have
been followed by a formal advance Of
80 cents in the price Of coke, and now
Be-semcr pig has risen 20 cents at
Piusburg aud p az Philadelphia. BE.
ginning At the bottom to no prices re-
quies exceptional strength hut the
Carncgie-Frick interest Is exceptionally
strong. so far there j. no answering
increase In demand Or IN prices for man
uiactured products, and on the whole
the range is slightly lower than aweek
ago. angles and common bar having
yeldeda little. The general belief l.
that dear materials will kindle more
buying OF products. As yet l. seems
Impossible to iill the mills with Orders,
and the struggle Of those unemployed
keeps. price. down. IL u sign Of
strength that an eastern mill has
secured In competition with British
makers who had an advantage Of $3.50
In ircights, the contract for l2,000 ton.
rails iof q California road, and other
contracts for about the same quantity
have been placed, But the attempt oil
the Mahonng bar mills to reduce wages,
80 cents pudding and 1913 cents ior
finishing, seems likely TO result in d
strike.
Hosting OF prices from the bottom
seems measurably successful in leather
and shoes. The combinations Of leather
producers has been strong enough to
resist prolonged delay in buying by shoe
jobbers, ana most Of them have made
contracts ~ part Of the advance in
prices demanded by shoe manufacturers
though their orders are as yet smaller
than usual, while SEINE heavy orders
have been taken a. old prices. Raw
cotton has been hoisted until u stronger
market for goods resulted with some
advances in price. The tone Of the
goods market has been decidedly Inn
proved though IL does not yet appear
that retail distribution has CORE.
spondlngly increased. But stocks Of re-
tail dealers are light and when they
feel that prices are bound to rise, the
demand may grow rapidly.
In the wooden business cancellations
in some lines nave been startling In
magnitude, many mills which sup
posed their whole product sold finding
themselves IN great need Of customers.
This seems TO be mainly in low grade
goods, inferior quality being the com.
mon complaint, but delays through
strikes also play part, while offers Of
cheap foreign goods are not 10 be over
looked. Quite large orders have been
taken by foreign agents for finer wor.
steds and woolens, and all the way from
the poorest shoddy 10 the best goods
the competition will doubtless be sharp
for more than one season. Sales Of
wool for the week have been quite large,
$3.50 500 lbs. against 4O7S, 200 last year
partly because quantity held for loan
WAS forced 10 sale. But sales in four
weeks hsye been 1886, POO lbs. against
lG0lo,0oo last year, and 2l,l33,I 400 In
1892.
Several large failures this month have
swclled the aggregate OF Liabilities for
three wees- 90 March so u,2l,l2I
against lQ,Ollsll iast ystl oi which