The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-03-07

Tres are at prices which mean starvation
Tor the bear investor seem to exercise a
powerful influence in directing attention
10 American obligations of the better
class, even II for the moment the buying
OF them abroad is spaSmodic and mainly
professional. London was scarcely a fac
tor in our market while the short in
tereSt formed last week was sufficiently
large 10 nave a sustaining influence in
prices: This was evident in spite of the
pear1Sh pressure eXerted in Burlington
d. Quincy, and disappointment at the
SLOW movement of corn and with the
letharg1c conditions that are still eX-
limited in the iron industry and other
important lines of trade.
DUN & cos REVIEW.
New York, March 6.-R. G. Dun & Cos
Weekly Review of Trade will say:
Tine Cuban resolutions and the ap
polntment of receivers for the Baltimore
d ONO were events of sufficient import
aIice to affect almost any genuine mar
ketI especially for securities. It. there
ORE argued either remarkable strength of
conditions, or an entire want of life and
genulneneSs IN the market, that the
prices OF the sixty most active railroad
STOCKS, Which dVerdgle S49.14 per snare
February l, have never fallen since that
date lower than S49.36 nor risen above
S50.SJ per share.
The industries all report a slightly
lower range OF prices, except for iron
and steel products, and 1t is noteworthy
that while the combinations IN Struc-
turaI beams and wire and cut nails are
advancing prices, the quotation tof Bes-
Semer pig has fallen TO $l2.40 at Puts
burg and southern No. is offered at
$40 deliverable at Birmingham and pli-
lets have sold at 81 at P1ttSburg. Inc
bar com animation which raised prices not
long ago finds an increasing part OF the
business absorbed by outside works me
demand for no class of iron products is
at this time brisk, but large structural
business is expected in the spring, ana
there is still much hopefulneSS ABOUT
railroad orders, as earnings continue 10
improve
Prices of wool have declined according
to the quotations printed by Coates
Bros. of Philadelphia. an average on -
per cent. within the month of February
presumably because of the failure OF Ghe
proposed tariff bill which included du-
ties on wool. AIT present the sales are tile
smallest recorded for many years, AT lne
three chief markets, only S,9OS,0OO POUNDS
the past week. against 465S,3OO year year
ago, and 6,3106G in 1892. The domeSllc
holders are still somewhat obstinate pc
cause prices abroad have been raised 10y
the London sales, and it is belleVed Lh9I
the stocks of domestic wool hela n err,
awaiting transactions are uhusudHS
large.
Speculation in breadstuffs has not
been particularly active, nor mas u-e ~
change IN prices been important; 10 W eSs-
ern receipts of wheat We're 2,lll,SSS pusli-
els against 1921. 92S for the same week
last year. having been IN Fepf ldIy'
LOSS, LA bushels against 44l9,+fo iss'
There is still an excess over me hloEe+ +
1nent of a year ago though not SO siedC
as appeared in February. On lne OCi ile5
hand Atlantic exports again IAN uen ~
those Of last year, amounItlns ioI,ded
week to La, BIS bushels, -four mcludeu'
against 1850. 222 last year Win coll III
ing large receipts, corr remains sun
st3ntiallv unchanged in price 90
Failures for the week nave 9Sa last
wear and 6S in Canada against 90 last
year.
BRADsTREETS WEEKLY REVIEW
New York, March 6.-Bradstreet $ 10
morrow will say: General trade uesan
the week relatively less favorably, but
with the change from high winds and
extreme cold, which checked tracing, 10
milder weather increased purchases and
brighter prospects for business Ap-
peared.
Iron and steel have had an unsatisfac--
tory demand and prices OF olllets ana
Southern pig are shaded. There are also
reductions IN quotations for cotton
print cloths, petroleum, hides ana Tor
wheat, Indian corn and oats .Mercah-
tile collections are generally unsatls,f rae
tory. notably at Chicago, where there
are more complaints than for year
past. z 90
Exports of wheat (hour included as
wheat from both coasts of the Unlt oa6
states this week amount to 100000
i bushels against 2,2s6OOO last week; 9 ~
oo0 in the first week of March 1895; 2,S15.-
900 bushels in corresponding week IN
1891: 1884 600 in 1888, and as compared
lib 2 "a COO in the like week of 1892. Elk
ports parti of indian corn are 2,775,OoO this
Week against Z. I5S. OGO bushels last week;
4eS 600 bushels in the corresponding week
APO and SIS. 900 bushels in the like week
Business failures throughout the coun-
try number 20 this week, against "a
last week, thus maintaining the improve
rent shown for nearly a month
The total in the corresponding week
a wear ago was 252; in the like week IN
1SaI il was 233. and in 1898 22l.
r-r,r,1,rrc Nhr1tl,lI IOfS 8 WA /.