The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-12-11

New York. Dec 10.-R. c. Dun & Co. $
weekly review of trade will say tomor-
row:
The opening of congress, with the an
nual message and reports, has not dis
.couraged business, as some predicted, but
all speculative markets are stronger than
"a week ago. The productive industries,
even in the season usually about the
dullest of the year, as to new orders,
met q definite Improvement in demand for
important products, presumably the fruit
OF a prevailing conviction that new bust
ness will begin to crowd the works after
the new year starts.
~ MOVEMENT OF WHEAT.
The outward movement of wheat and
othe- products continues so heavy that
foreign exchange has fallen 81 of a cent,
and instead of the exports of gold which
have marked December in recent years,
imports would come II gold were wanted.
Securities are advancing with reason in
the increased earnings of railways, $4i,
USoSD1 for November being reported,
which is 16.S per cent larger than last
year and SO larger than in 1892. strik-
ING comparison of five years show that
in each of the last three months earnings
have been greater than in any previous
year, with d larger increase in November
than in October or in September.
RECEIPTS OF WHEAT.
The sudden rise in December wheat in
Chicago to $1.09 would do harm were ii
not based on avewed contracts to ship
fact and the increased demand in spite
OF such contracts has helped rise of
Zee here. Western receipts for the week
were 5.5lS.T1 bushels against 1851, 347 last
year, ana Atlantic exports, including
flour, 46l2,l37, against 2,9l5,651 last year,
and so great is the foreign shortage that
the outgo of corn last year, far greater
than ever before, is again exceeded 3,3l3,
OS6 for the week. against 3,055, $50 a year
ago. with the price nearly l cent higher,
for the week. rhe report that the west
ern supplies are running low is dis
credited by receipts from farms. A
strike in English mills is no longer threat
ened and the possibility of one at Fall
River has little weight.
WOOLLEN GOODS.
The demand for woollen goods has
clearly improved and more wool has just
been purchased abroad and is being inn
ported, the sales in domestic, markets
having been for the past week only 2,
GOO 900 pounds at Boston and in two weeks
II. 05o. 300 bounds at the three markets.
While some grades have been sold largely
at prices lower than a month ago, quo
tations are generally sustained.
IRON PRODUCTS.
There is more demand for iron and
steel products in preparation for railway
Work, bridges and buildings next year
and on contracts for export, including
one for a government bridge in Holland,
others for bridges in Japan with large
shipments of various products to England
and other countries Foreign contracts
for 10000 tons of rails are pending. In
and about New York bridge and building
contracts call for 25,000 tons and Chicago
works are figuring on numerous contracts
for 3 900 railway cars.
Failures in the first week of December
were but s., Gil 240; manufacturing $739. 400
and trading s1,791.5 so.
Failures for the week have been $40 in
the United States against $50 last year,
and 70 in Canada against 40 last year.