Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1896-03-14
THE WEEKS TRADE.
Great Shock ltt,udlrs The B. q O.
RtceIYsiship Case
SERIOUS DECLINE IN WHEAT.
General Review OF Various Other
Branches Of Commerce Through
out the Country.

Of the world, and dealings have been
almost entirely In the hands OF pro-
fessional operators.
The public on both sides Of the At.
lantic are disincllned 10 make ventures
In speculative business while interna-
tionAl questions are pending which
might At Any time involve the country
In complications resulting In a semi
panic AZ was the case over the VeneE-
uelau affair recently.
The uncertainty OF what Congress
may do on the macy public questions
now pending IL causing n hating In
snare investment which Is rather
abnormal when taken in oonnsc-
tlon with the large amount Of
Idle money at financial centefs
and In the face OF generally favorable
reports from the railroads. This I'M
certainty 10 divefting money into gilt
edge bonds At higher figures than have
ruled for the last decade. Engllsh
bonds made tho highest Of all records
during the pait week aud all otter
bonds OF an unques,iouAole character
are being advanced bsc,uso OF tho
large amount OF money which 10 seek
ing this class Of investments. While
the share market bas been generally
strong II has not been active for rail.
roads, though some OF the INDUSTRIAL
stocks nave al tunes been erfatlo with
game aud losses about equally al.
: videi At the close. Railroad earnings
Tor February have geuefaliy been fav.
orablr aud under ordinary olfcum-
stances, aud taken Ia connection with
the demand TOT bonds should have adj
f. vanord aud with no inter AtlonAl
. questions pending no dIubt would
have done 90, but investment buying
even Tor tue most favored trunk lines
. hiss boen laoking.
= Doe other incident has had power.
Q full Influence on the market for this
. class OF securities; Tho Baltimore aud
J. Ohio system which went Into
!, the hands Of receiver q few
. Gays ago, has shaken tho con-
b ndence Of macy people, and
Il they cannot tell what Il safe. This
!. great system was for many years
q. In fact dutiug the life ~ the Elder
Jarrett regarded as being beyond all
possibility OF danger. No wDrd OF dis
trust was ever uttered concorning Its
b. securities. Panins might come aud 20
. AMI Wall Street be shaken as by an
. earthquake, tut the shares Of tho -, d
"a q. were 20 strongly held thet 10 mhdo
- little d ference In their value on tho
: stock exchanges. Rich men invested
. In the SHARES OF this company aud de-
a vised them to their dependents In the
- tull ASSURANCE that no financial horror
u could come, 10 TACT their Investments
n were absolutely safe ne long 90
= anylhing remained In the country
- uBshAksn, While the Elder. Gar.
fett lived this proved true,
IA tut tho son VINO succeeded had
!, been brought up under different cir
, eumstAnoes anu trained In a difisfent
|. school. he thought more OF being q
successful Jude than = cJmpetent rail.
= road manager and his handling OF this
. great property has brought ruin "
a many hOmes.
y While the father was building up
J. this System OF railroads he was gene
rally supposed TO never own Al the
same time Two suits OF clothes which
A would make him prssontablej tue son
(, boasted OF n hundred or 90 pair OF
!, pantAloons properly slowed away for
!, use nj auy time, but In an emsf genoy
- they did not entiils him 10 credit
!. at tho bank which had always
= osen accorded TO the father. Then
, again although not generally guilty Of
a imbibing to excess, ne 10 said TO have
made one little alter dinner speech Al
~ a club In New York while tue exhil.
d atating inn fence Of wine was doing ia
/, work, whicn cost the Is. a o. eight
!. millions Of dollars anu was the little
!. acorn which made the mighty oak
and bore fruit last week wnen the sys-
!. tenn collapsed sud made phupers Of
4 many In TINS country as we'll a. IN Eu-
a rope.
4 Wheat has suffered q serious
"a decline, anu has verified our
I. predictions OF few weeks agO,
n The decline from the top price
A has been six cents, anu tho posilisn is
n weak 1T the close. There are many
!. causes which have brought about this
q result. Europe which was supposed to
!. require irom exporting Countries much
Il larger quantities than last year, has
10 NOT been y free buyer while elooki
n have been pressen for sale by Russia
and other countries upon . lower basis
than was Anticipated, the result nos
been light exports from this country.
Tue government report published on
. the 10Th Inst. showing the amount OF
. reserves In farmers' hands was also
d very disappointing TO holders. A year
!, ago the amount OF these reserves
y was 76,00O,O000 bushels while this
- year Ihey are placed by the
i same authority at l2S,O0O,0 900 bushels,
anu goes TO show that tho damage by
frost anu drouth to last seasons crop
was very much over estimated aud
y that the crop harvested Ia 1895 was
l. much nearer the 500, 100000 bushel
n m, rk than 426, 900, 0OO al whiou II was
" placed. In addition 10 these large re-
~ serves also the present. growing crop 10
& 10 generally good condition anu indi-
10 cations now seem to point TO sIill lower
d prices.
10 Wool has boon dull and lower for
some grades with no prospects Tor any
improvement In sight.
General busintss has been OF the
Il usual quite nature and not no 10 tue
IA an iclpAtions Of the jobbor- generally
1, manufactured produoIs IA imany lines
10 selling below their relative value as
~ compared with raw materials, anu IN
Al most lines production goes on TO an ex-
N tent beyond consumption, causing un-
satisfactory conditions.