The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-01-23

New York. Jan Pr. c.. Dun &
co. viii say tomorrow. in their weekly
review of trade: There is more bust
ness. though not-at better prices. 1t
Is interesting that almost all prices
which change at oil are lower than
week ago, and business is unques-
tionably larger. There is larger pro-
duction, but, as yet, not as much IN
crease in consumption, and there is
larger buying of materials. but at pres
ent only because better prices are eX-
pected in the future. A few conspicu-
Gus failures during the week have haG
no material influence. The market for
security is slightly stronger and yet
there is very little doing. The num-
Der of hands employed. all industries
considered is slightly larger than a
week ago without adverse chanSe III
the rate of wages All Apprehension
of foreign disturbance of money mar
kets has passed away, but there IS stlit
great caution in making loans II is
a mistake to reckon these as symptoms
of depression On the contrary, IN
spite of the lower range OF prices IN
important Industries, the conditions al
indicate larger production and a con-
Sumption IICltdSllies. NO % - 49, =
but steady
The earnings of railroads for Janu-
ary have been "A per cent smaller than
last year. Wheat, corn and cotton eX-
ports are tbs key of the financial STU
alton and during the past week wheat
mas declined 3s cents and corn Is cents,
while cotton is unchanged. The west
ern receipts of wheat are still small,
5SI. 600 bushels less than a year ago.
and for three weeks of January ABB
759 bushels, against 7,6O6,019 last year,
but Atlantic exports, -four included,
were 1,534715 bushels for the week
against 1856 457 last year, and in three
weeks of January have been o'oiy,uSz
bushels against 6.S49 Gas last year. The
wooden industry is as slow as ever and
no real Improvement appears in the
demand fer goods, although, owing to
the latenesS Of the season, there IS
little more doing, botn in spring and
winter goods, with Guotable change IN
prices. The heavy buying of wool
mentioned last week mas continued and
is understood to be in anticipation of
expected duties, the sales at Boston
alone having amounted to 1855, 900
pounds. Quotations have not changed
as yet, although western holders are
quite stiff. IN the minor metals a
stronger tone is general. The iron in
dustry is engaged in settling relative
business in many branches, since the
future of prices is uncertain. Bessemer
pig is 4 trifle lower at 5000 at Pitts
burg and Grey Forge at $40. though
no further decline has occurred in
eastern markets or at Chicago. But
the competition OF new concerns tempt
ed to manufacture nails by the high
prices recently maintained, causes
slightly lower sales of wire nails at
S135 and Of cut nails at sL25. The gar
association has been in session to con-
slider the reduction of steel bars to /
cent and in large contracts even lower
and the billet association has again
been called together - meet on the
29th. although there is no prospect of
its reorganization, and l|llets are sell
ing at s1525 at Pittsburg. The increase
in manufacturing is perhaps more def
initely shown than in any other way
by the production of coke, which stead
lily increases, 9.817 ovens being in blast
against S713 idle. and the weeks out
put 100.SS6 tons. is over double the out
put of October.
Failures for the week have been 400
in the United States against 373 last
year and Csc in Canada against 81 last
year.