The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-07-31
DUN's TRADE REVIEW.
Cities Report Improvement, But In
dustrial Sky Is Clouded.


New York, July 3O.-R. C. Dun &
Co.'S weekly review of trade tomorrow.
will say: Dispatches from almost ev-
cry northern city of Importance report,
without exception, improvement in
business. and from Detroit to Seattle
and Portland splendid crop prospects.
The task of adjusting the business and
industries of the country to conditions
created by new law has progressed
with gratifying rapidity and ease. Even
the increasing strength of the
striking coal miners probably for
wards the adoption of the uni
formity plan, which promises to
remove most of the causes of such
struggles Some confusion is caused by
the seemingly contradictory closing of
large cotton mills, when many other
works are starting, and by decline in
some prices when others are advancing,
but the balance is Enthusiastically on the
right side.
The most important event since the
passage of the new tariff. which was
generally anticipated a week ago, has
bean the marked increase in foreign
demand and advance in price for wheat.
The latter has risen 4%c during the
week, with western receipts for the
first time exceeding last years and
western railroads besieged for cars, and
Atlantic exports of l.71S.79S bushels,
-four included, for the week, and 6.951,
17S bushels in four weeks against
6,947, S65 last year, which, with con-
tracts for shipment, exceeding 1,200, 900
Bushels on a single day; Liverpool re-
ports of a shipment from America to
northern Bohemia, and with French
markets excited, speculative sales here
have Iittle influence.
The industrial sky is partly over
clouded by coal and iron difficulties, and
by the closing of some large cotton
mills. Having run for months far
ahead of consuming demand on cotton.
bought at comparatively high prices,
the mills see ahead q large crop and
cheap cotton, and it is but the rational
way TO halt production, clear off accu-
mulated stocks at the season when va
cations are common, and begin the new
year on its own baSis-
The woolens manufacturers answer
wholesomely to new tariff conditions,
and while opening of light weights be-
low about 81 in cost has made a very
encouraging demand, the advance in
prices asked is not large. With very
heavy stocks of free wool on hand,
manufacturers are able, and the pres
ence of large stocks of foreign goods,
are obliged to engage for the next sea-
son without advancing prices in pro-
portion TO the rise in wool, and large
contracts OF tnar nature nave already
been made. Selling of wool at Boston,
where the speculation has been most
active, is suggestive, amounting to
S,S05, 00G pounds for the week, and at
three chief markets to 1888, 500. Sales
for four weeks have been &C. 109, 200
pounds, %, 1888. 500 being domestic,
against 7,211, $50 in all last year.
Delay in the iron industry is partly
because the wages have not been set
tied at all works, though at many. and
partly because the steadily rising de-
mand does not yet raise prices. In
some products prices are lower, owing
to competition between works, but
Bessemer is a shade higher. The de-
mand increases and for rolling stock,
owing to the abundance of crops.
Failures for the week have been 236
IN the United States, against 2S1 last
year and % in Canada, against 40 last |
year.