Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1896-01-25
The WEEKS TRADE
II Has Witnessed az llcitas1 In
Wheat.
ALSO An ADVANCE IN PIG IROy.
Hogs and Hog Products Higher, With
sheep and Cattle Steady
Larger Wool Sales.

loNno many VINO MAKE . hutlncm
OF speculation and watch the "lloken"
In the various exchanges OF the
world, tho present week has furnished
its quota Of Interest, and hopes anu
fears lave succeeded each other very
rapidly, though fluctuations have mel
bscn wide enough TO create any large
amount Of oSeilemsnL
This stock and bad market got
inio rut In the early part Of the
week and trading was Of very
sniall, Insignificant character, but
iho Ruuo-rurkish iAlliance gave
II some activity later from which II
has not entirely recovered yet. The
reported indisposition Of England's
popular quecn also had a disquieting
effect on the European niocx ox'
cunnges, but II was short lived-sc
sensitive are the financial ana speeula.
tive markets just now that uveIy
rumoT, however slight, pertaining to
thu political situation works like magic,
causing Mt times wild scenes on the
exchange, Tho result OF the xeek's
trading has not very materially
changed values In either stocks "
bonds, though tho general list shows
more snail gains than losses.
Wool has been active, with Increased
snlcs, and prices have been well IN ala.
taincI for all grades anu some have
scored slight advances. There IL no
longer any doubt thAt wool IL In
strong position, Tor with all tue dis
iufbing nuanciai elements II presents
encouraging features. The strength Ia
foreign woods M evidenced by the
London auction sales has commenced
10 divert attentlon 10 soms
kinds Of domesilo woods which
for some time nave bs0n In.
fc'ive spd hard 10 sell. This 10 par.
tlcularly the case with territorial
HfaJes. MOte WOOL has boon disposed
o. In Boston this week than Tor any
week iuT sevefaI months past, and tnu
sales siucn January lsi, this year, bavs
been 70, $4,000 pound, against II, 0S5,.
OUO p0unds for "A corresponding Leriod
OF 1895, ami all indications point TO
better demand and improved pricss fot
his important staple. Stocks OF manu-.
featured WOODEN goods all over the
country are admittedly very low and
any improvement In general business
must necessarily stimulate this branch
Ui trade aud We think our wool grow.
OTIS can take nopoiul view OF the situ-
atiOp.
Wheat IA coming 10 the irost and
showing great strength as outlined IN
our article last week; the slAlI1ticaI 10.
tiliOn IN such as TO warrant higher
prlces-and the importing countries
ATE evidently awakening TO this fact,
Judging ffUm the amount ex ported the
present week. Atlantic exports are
very much larger than n year ago, and
VITA diminished shipments from In.
dia and Argentine tho American
farmer should continue TO nnd
an enlarged market for his grain.
India reports decrease In
present wheat acreage OF SIX
millionl acres, which looks las
though thu extreme limit OF pfoduc.
ton had been reached Ia that county
which al one time threatened TO rival
even Russia. Wheat In the Chicago
market has gained four cents per
bushel during the week with . de-
cidedly buOyant feeling among Opet.
stots at the close.
Cattle have been marketed at about
Il
out much animation In tho trade.
Early Ia the week there was q slight
advance but II was not maintained and
about the lowest prices for y decade
are now ruling.
receiving points have been light,
which seems 10 be- the daily factor pre-.
venting a decline, and under these co o.
l ha HaN kAl -.
steady, but there does not at prsss Of
sppesr to be much encouragement for
feeders or shippers.
Hogs and hog products have scored
n stlll further advance, for al.
though there are large sup.
piles Of manufactured produe,
tho run Of hogs TO packing center,
las been light and il would appear
that the cholera In some OF the sialet
has killed OF = great many and upon
this theory old and strong operators afs
buying, believing In a sill further sd.
yAuce.
Cotton has been rather inactive, with
prices well maintained, Though the de.
mAnd for manufactured goods has mol
cou'o up 10 the antioips,lons OF the
| ttaie.
I'm bHh not experienced much
change; the only fact worthy Of nots
Ia that the raw material and fiuishsu
goods are getting still wider apart, the
former having scored q slight sdvAuos
anu the latter about a corresponding
| decline.
Pig iron has advanced siuoe Janu,
AIRY Let about u per cont; finished pred
ucib nave advanced less than 2 pei
cont and lower prices for pig iron seem
inevitable unless q far greater demand
should spring up for the finished goods
| General business In Chicago and ~.
Louis has bssn rather disappointing
the trade throughout the country pro.
cesding with sxtTems o.utlon and
buying enly for Immediate wants
Failures have been 873 this wsek
against 1858 for the corresponding wee
! o lnst year. Clearing house figure.
show gain OF about u per cent TOR 10
week, though more tuRn half OF THU
gain ID IN New York City.