The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-04-02

New York. April 1.-R. G. Dun & Co s
Weekly Review of Trade will say tomor-
row:
In spite of foreign conditions. since the
destruction of the Maine. Feb. 10. failures
in three months are smaller than in the
first quarter of any year since 1856; the
ratio of defaulted liabilities to payments
through clearing houses has been the
smallest for that quarter since 1881: the
average of liabilities per firm in business
has been the smallest since 1880, and the
average of liabilities per failure has been
lower tina never before in any quarter
1t is especially significant that the fail
ures for less than SlOOOcO. without material
decrease in number, were % per cent
smaller in last year in manufacturing.
and 26 per cent smaller in trading.
WAR CLOUDS EFFECT.
The war cloud. which many have in
ferred must have greatly increased COM
mercial disasters. does not appear to have
any such effect as yet. and while there IS
some decline in the new orders for indus
tries. nearly all live works are covered so
far ahead that the difference is not felt
Rates for money have advanced. and s
per cent which used to be the ruling rate
in active times, again prevails. which
compels many spectators TO liquidate.
But the imports of gold prevent any real
anxiety. Moreover, although part of the
hypothecated Exchange on Europe was
known to be about 100000 more yet in
the banks at New York and S12 100000 in
other cities against which gold is liable to
be imported.
BREADSTUFFS EXPORT.
The outgO of breadstuffs continues. At
lantic exports being 2.5l6.220 bushels. -four
included. for the week, against 2.1S9,3IS
last year, and Pacific exports 542.1 47 BUSH
els, against 13S207 last year. and for the
past five weeks from both coasts the~ex-
= 1 a l. -
S.226 256 last year. Meanwhile corn ex-
ports have been for the week 3.161. 029
bushels. against .291. 62i bushels last year.
All the speculative movements at the west
have been less influential than this heavy
and continued buying of grain, and west
ern receipts begin to fall off as if supplies
were no longer unlimited
THE CEREALS.
Wheat has declined slightly. but corn
has advanced q quarter of d cent for the
week, and no one imagines that foreign
troubles can check the outgo. Cotton has
advanced an eighth because of the idea
that the production may be reduced. al
though receipts from plantations thus far
have been greater by S09.00O bales than in
1895 from the largest crop ever raised. and
while the mills are nearly all active. the
consumption does not exceed the max
imum.
THE WOOL MARKET.
The smallest sales of wool for many
years are reported Boston. anu al the
three chief markets the sales have been
only 1.466.50O pounds for the week and
about fifth of last years for the quar-
ter. The stocks held by manufacturers
have evidently been much greater than
anybody supposed. and they are not yet
buying. nor showing any disposition to
buy. though nearly all their works are
running full.
IRON AND STEEL.
The iron and steel market shows no de
crease. for, with works fully employed.
and some additional works put into opera
ton for government purposes. pig is not
lower anywhere, and at Pittsburg a shade
higher for Bessemer. because of agree
ment by valley producers. while without
agreement of Meseba mines, the purchases
of ore at Cleveland were over 100000
tons for the week. Billets are still. scarce
and sheet bars in demand. though wire
rods are lower and wire nails are weaker
in spite of the imperfect combination of
makers. Other prices for manufactured
products are unchanged. although rails
are a shade stronger. with a Russian or
der pending for 5000 tons. to complete
the Pacific railroad. Plates are in very
heavy demand. and structural orders COW
er LOO tons for buildings at the east. with
] 600 more at Pittsburg and many at Chi
cago.
Failures for the week have been 200 in
the United States. against 260 last year,
and in Canada 81 against ~ last wear