The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-12-18
EXCELS THE BRA OF '92
HERETOFORE THE YEAR OF
GREATEST PROSPERITY.
Our Exports For This Year Umpire
cedented-Customs and Internal
Revenue Receipts-Greatest Out
put of Pig Iron Ever Known
Wheat-W ool-Failures

Close to its annual holiday and halt,
the business of the year is surprisingly
large. Payments through banks are
again 25 per cent larger than in 1892,
heretofore the year of greatest pros
perity; the production of iron and wool
ems and boots and shoes is larger than
ever before; exports eclipse all past rec
ords, and failures for two weeks have
been the smallest for corresponding
weeks in five years.
MONEY MARKET.
The treasury receipts show a steady
increase for the first half of December
over previous months, both in customs
and in internal revenue, and heavy
payments to the government on Union
Pacific account caused but slight Strln-
gency in money markets, with prepara-
lions for large cancellation of bonds.
The most weighty news of the week
is the rise of merchandise exports In
November to SIG, 630,290, the excess of
exports in four months being $229, 212,-
401, while in half of December exports
are nearly as large. and imports 81
500, 900 smaller than last year, when the
excess of exports was $5S,2OS, 1866.
EXPORTS.
Probably all records were surpassed
by exports for this year, which have
been 1914, 500, 600 in II months, and the
excess over imports in five months has
probably exceeded $3.50, 000 900.
The output of pig iron Dec. was the
greatest ever known, 226,024 tons, as
against 213, 159 Nov. l, 1896, and 217 1906
in November, 1895, the highest point
heretofore. Unsold stocks also de-
creased in November 1882 tons, indi
eating consumption of about $1,000
weekly during the month. Bessemer
declined in the face of such production
10 per cent and gray forge 25c at Pitts
burg. The demand was, on the whole,
greater, and unusual structural con-
tracts for the season were placed, with
sales of 10000 tons steel rails at New
York and the largest orders ever
booked by the Illinois Steel company, it
is said. and Unexpectedly heavy bust
ness IN plates.
Much buying also resulted from the
expectation of the wire consolidation,
including $4,000 tons of Bessemer and
$4,000 tons billets at Pittsburg.
No reaction comes in copper, and ex-
ports for the month are estimated at
10000 tons, and tin plates slightly
stronger.
ABOUT WHEAT.
Wheat is just now the backbone of
foreign relations, and Atlantic exports
in two weeks have been 7,SS0,942 BUSH
els. against 5,413677 last year, while re-
ceipts rose to 1906, 122 bushels, against
6,625,9S2 last year.
The demand for wooden goods is in
creasing, and some mills are in the
market providing for a greater produc-
ton.
The wool market is remarkably dull,
sales at the three large points being 49,
3O7,1OO pounds, against IS, 100. 100 last
year; 7,199, ITO in 1895, and 16,5O4,1OO in
1892. While prices are said to be held
without change, manufacturers are
hunting for bargains, and foreign wool
in considerable quantity is coming this
way.
Failures for the week have been 329 in
the United States, against 3S7 last year,
and % in Canada, against ~ last year.