Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1896-01-18
THE WEEKS TRADE.
II Has Not Been Remarkable Either
In YOlums OF Activity,
THE WOOL MARKET STRONGER.
Wheat Fluctuated within Narrow
Range-Coiton Dull but Firm
Miscellaneous Review.

The present week has not beeu fe.
markablo fer activity either In leglu.
mate or speculative business, anu
transactions have beon Of loss volume
than the week previous.
Stocks In Now York and London
have had sharp fluctuations, but with.
In a comparatively narrow range.
They were helped early Ia the week
by the success Of the Reading rcor.
ganizatlon scheme, aud on somU OF the
roads showing Increased earnings over
las, year, but later were weakened by
the dissolution Of the Morgan bond
syndicate ana tho uncertainty Of the
DIAL outcome Of the popular loan, bids
ior which are 10 close on February 5.h.
Engli,h console, the moat sensitive
barometer to indicate the feelings of
opsTaiors, recovered nom the late
decline by the disappearanoe. car.
~ In the week, of war scarce,
but were depressed on Friday by
rumors OF the suspension OF the
sinking fund; but tho chances arc that
these fumofs arc unfoundod In fact.
The wool market ls showing more real
strength than ut any time for the last
few months. While tho appreciation
In prices is not large compared TO the
great fall II had iTVm the quotations Of
three yenrH ago, yet the gains are nc.
companiod by such strength ~ should
encourage hOldsH. On Tuesday the
wool shlos at London were reported as
July up 10 December prices, And
nrm bidding OF those price,; aud on
Friday an advance OF thtcu-iOutthH OF
cent was established in London over
December prices, with fairly large
tfansaotions, which must be- oncourag.
Ing TO cur Utah growers who have 20
long beeu compelled to hear nothing
but gloomy reports Of the wool indus
try.
Wheat has fuctuatcd within n very
narrow range, AZ have all the cereals
Notwithstanding tho large exports OF
came. The demand for cur wheat
abroad would seem TO warrant better
pricee, hut the large deliveries In the
northwest are somewhat discourAging
unued large sales from the farmers II
would appear that tho government 20.
innate OF the last crop 10 very wide OF
tho mark aud that thoTe IL something
wrong Ia the methods used Ia getting
reports. Thc receipts at the primary
points this week were about five ana a
half million bushels against about two
nud n half million bushels year
ago, and the visible stock increased
| 81 200 In tho United States anu
Canada, where a decrease had been
anticipated. The amount niloat
In Europe however decreased 9, 400,
600 bushels which would indicate that
our reserves later ON will have TO he
drawn on literally 10 feed Europe un.
lees Indian ana Argentine shipments
should DO materially greater than latest
estimates made In those oountfles
would seem to warrant.
Cattle In the eastern markets have
been weak and firm by turns, Aud the
market 10 barely steady at tue close.
Large receipts early IA the week had n
weakening tendency, but later prices
were firm In sympathy with pork, but
| the little advance established was lost.
Hog products are all firm and n
higher range OF prices established all
along tue line, and this In face OF large
nccumulations ~ packing centers, aud
| with this present low prices OF grain
should nflJrd n good margin Of profit
to feeders.
Sheep are dull and Inactive, and with
email receipts ut Chicago, n decline IL
ugted which In Encouraging TO ship
pers.
Cotton has been dull put firm, and
| Manchester reports large orders and
| strong demand for cotton cloth for the
| Indian trade, though our domestic
markets report only talr demand for
manufactured cotton goods, but tho
mills are kept running for the present
| and stocks are accommodating,
| Production Of iron unI steel 10 run.
ming much ahead OF tho demand
| FOR finished goods, and whilO
pig iron and steel are higher,
the manufactured goods arc In
many instances weaker, anu II looks as
though q change must be anticipated
to adjust this difference In the i'm.
mediate future.
General business has not boen
altogether satisfactory, and while
| clearing house returns show
a gain for the week OF eight and one
half per cent, this gaiu IL sbcut all
made In Now York, and IL more
artihoial than real. The failures are
larger than year ago, being S95 this
week against S73 for the corresponding
week OF last year. -Four Of these fail.
urss have been for very large sums ami
were entirely unlocked for by those
whose Information Is regarded In com.
merclal cealsrs IA being reliable and
extensive.