Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1896-03-21
THE WEEKS TRADE.
a DtCIttl Dizziness In Stocks, Bonds
aId Speculation.
WEAKENING IN GRANGER STOCKS.
Lack " Improvement snd Disappolut
ment In General Trads-lucrease
In Failures.

The week has been a very quite ono
In speculative Circles. Dullnoss has
been the rule Tor stocks nnd nJnds, with
slightly lower prices Tor both on an
average Ut the close.
Speculation IL gradually falling OIL
ia the railroad list, aud going moro
into tho Industrial share, such NJ
sugar, tobacco, lead and kindred In.
JusIfles and changes Ia these share.
are frequent and at some times violent
oausod largely by manipulation those
In control, while productive railroad
suatcs appear TO have been largely
Absorbed On both bldus Of tho Atlautic
by a clnss VI invcstlrs who hold them
tor individuals regardless Of what
Wall street may 90, auI this makes
manipulation by those who profit only
by causing fharp fluctuations more
dinigllt and unsafe.
Northern Pacific has been pressed
for sale ON tumUrs that u Will require
large assessment upon Ne shares tJ put
| tho road Ia good ruHnCial Aud
working condition, aud many holders
/ VINO nru not In position 90 furnish
money for this purpose are compelled
] 10 let 10 their hUliinEs, which ~ done
VI cJuCessiOn IA prices. Tue
| favorable showing made few
weeks ago when created a demand i0r
It, UOudu VI higher figures evidently
/ was not Justified by tue facts, aud was
| put forth 20 enable some parties ~ uu.
luaI.
Tho Granger stocks have been
woakoned by tue poor carrying trade
| during March. The farmers refuse 10
stll their corn At the present low hgutus
prevailing for this article which scti-
ously effects railroad receipts In the
corn btlL Wheat has suffered a ttili
further decline aud cluses ON weak
msrToi. the receipts ia tue uurtu-
west are simply enormous, and upset
all calculations lOi those who make a
study OF statistics.
The crop oil 1895 must have been n
very much larger one than the
most sXtTavagunt estimates made
soon after harvest, and no
much ia ltNcoss NJ tho govrrnmei I
figures that tue latiotis reputation for
accuracy has sustained a severe unock,
AMI the traie Will look with more
suspicion IN future upon estimates put
out by the department The fact f.
that people who ara interested largely
IN this question such ~ elevator men
no longer rely upon the government
report but MAKE their own estimates,
which for tho past iow yoaTs have been
nearer correct than the figures mado
up Of un enormous cost by the depart
ment. Unless reform IN tins line
should come sooner C3ugttss would 10
Justified Ia Withholding tho EpprJptia.
lions TOT this pufp Ne.
| Exports Of wheat have been light
anu DO not warrant the prediction a
low weeks ago " Journals devoted TO
this line Of business, that Europe would
be short VI brcaustuu Rud would
have 10 draw heavily upon the
exporting countries tor supplies ere
this. With prospects for the growing
favorable II looks liko lower prices
would be- made than those now current.
Wool has been dull Tor the grades
| Utah people are interested In, while u
good demand In maintained for some
other grades principally metin0s ana At
slight advance In priots, but tue
trade IL not satisfactory 10 grower.
Prices tor new woods are shade under
the low prices Of last year at the opuu.
ing VI the season, with only a moderate
demand. inc fact Ia that nIauuiac.
turrd goods do no more a. freely AZ
was anticipated anu the mills buy only
In such quantities as are required Of OF
actuAl needs, AMI there IL no vim 10
tho market tor either tue raw
material OF manufactured goods.
Cotton haH improved sOmudurlug the
week but IL has been more Of q squeoI.
ing process for the "slOchsn than any
real commercial demand anu cannot
bs looked upon asa genuine improve.
ment, Some spvculatots sold some.
thing they did not OwuRnd were made
10 pay iOt their Jolly, this 10 ABOUT all
there Is 10 the suffering oi prlces lot
this article.
General trade does not improve and
IL Disappointing. a few locations with
an increased demand Tor merchandise
mostly Ia the grain sections Affected by
favorable weather for tho growing
CROPS but this Is more than Offset by
tlacE demand In other sections where
thuse Influences 30 not exert ~ much
fleet. FaIiuItH are In exc 49, OF those
for the corresponding week Of last year
and even latRog than Tor the years o.
lS0iapd 1898 which, Is somewhat die
cluragiug but tho great prOduuuyenes-
Of this country must In time assert H.
self anu produce conditions more iayOt'
| nhlg md auftHfa0lUTE