The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-11-13

New York, Nov. 12.-R. G. Dun &
Co.'S Weekly Review of Trade viii say
tomorrow:
Colder and stormy weather so long
needed 10 accelerate distribution OF
winter goods has materially helped in
some quarters and the resulting inn
provement in retail trade is mentioned
in nearly every northern district this
week, so that orders to fill stocks have
been encouraging, and in some
branches the multitude Of demands
for immediate delivery show thai the
distribution to consumers has already
gone much beyond the expectations of
dealers. But this is not yet the general
rule, and with many complaints of
delayed trade from other quarters
there still remains the extensive shrink
age caused by fever and guarantees
in the south.
CLEARING HOUSE REPORTS.
1t is, therefore, the more surprising
through clearing houses continue
about as large as in 1892, and 1871 per
cent larger than last year. Returns
also nearly equal those Of 1892 for the
first week of November, and half the
mileage in the United States shows
earnings in October OF $50, 349, 49S. or SO
per cent larger than last year and %
per cent larger than 1892.
DISAPPOINTED SPECTATORS.
Speculative markets feel disappoint-
ment because prices do not rise farther
and faster but it is fortunate for pro-
ducers and dealers that The experience
of some past years in that respect has
not been repeated. There is nothing
Tho
chasing power Of the people is grad
TALLY increasing and after the lull
which follows extensive replenishment
of stocks, trade should give ample evil
dence Of that increase.
OUTPUT OF IRON.
The output of iron furnaces Nov. !
was 212. 1853 tons weekly against 200. 129
Oct. l, q. gain of 81 per cent, and un-
sold stocks decreased 4S,S40 tons in
October, indicating a larger consump-
tion in manufactures than ever before.
even when the output of pig was
pushed by swiftly advancing prices to
the highest point, 217 $50 tons, Nov. l,
1893 Prices Of iron products rose that
year. 55.3 per cent, but are now not
per cent higher than June 9. The
enormous output, with some more fur
naces started in November, causes but
a slight decline in Bessemer pig to
S10-25 at PittSburg. with no decline in
the other pig there. at the east or Chi
ca-go, and no fall in prices of finished
products.
ORDERS AHEAD.
Woolen mills generally have orders
for three months ahead and are not
seeking further engagements. Large
sales of speculative lots of wool at
prices not stated suggest that it may
be lower before the mills need further
orders A year ago the price began
to mount with heavy speculation and
has risen SO per cent without reaction
in quotations. while the rise in goods
averages but Il per cent. Theh decline
in cotton and the slow demand for
goods, owing in part to warm weather,
have led cotton mills to confer about
curtailment of production, ard further
reductions have been made in brown
sheetings and drills, prints and by job
bers in bleached goods. Cotton de-
clined an eighth to 5.S7 cents for mid
ding uplands and both exports anu
takings of spinners have been large.
Failures for the week have been 291
in the United States against 176 last
year, and a in Canada against IS last
year.