The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-10-08

New York, Oct. 7.-Bradstreet's to-
morrow will say: With the exception
of some parts of the south, where
heavy storms and yellow fever, with
resulting guarantees, check distTibu-
ton, very large business appears to
be doing, though complaints Of a mar
row margin of prodt are we'll nigh
unanimous. While the bank clearings
of September point to a slightly smaller
business done the country over than d
year ago, this weeks figures point to a
fair gain over last year, and, there
fore. over all previous records for this
week of the year. The volume of dis
ITibution, as q whole, is well up to or
above that reported year ago in most
sections, and, therefore, far in advance
of recent preceding annual periods. AS
for some time past most activity is per-
Cepuble in the west and northwest and
on the Pacific coast, particularly at
Puget Sound and Columbia river
points. 1t has been a carnival and fall
celebration period at number of west
ern cities this week, and a resulting
large distribution, both retail and
wholesale, is reported.
AT leading eastern markets recently
favorable reports are fully maintained,
and business in textiles, particularly
ably situated. Signs are not wanting
that the spread Of yellow fever in some
sections Of the south, with resulting
quarantines, has sharply checked trade
in the lower Mississippi valley while
heavy storms on the south Atlantic
coast have operated to arrest distribu-
ton and reduce the rice crop
The general industrial situation is
very favorable one. Marked activity
continues to be a feature of the iron
and steel trades, but the immense rate
OF production at present, in the absence
OF Immediate new demands, has caused
a shading of some few grades of pig
iron and steel billets- Movements in
an upward direction, however, are re-
ported from the west.
The situation as to prices generally
is one of sustained strength, wheat be
ing prominent in this respect, While the
I20St important reduction is that grow
ing out of the refined sugar war. To
the exceptional strength of ocean
freightS is charged some of the falling
off in exports from southern points.
Business failures are still down to a
minimum, numbering 163 for the Unit
ed States, against 166 last week, 237
IN this week year ago, and 23S in
1894.
Active demand for the actual wheat
and unprecedentedly smaller stocks to
start with, have constituted a balance
for generally estimated maximum
worlds yields, and recent considerable
increase in stocks at home and abroad.
In the face, therefore, of a gain of -
100000 bushels in American and Euro
pean stocks last week, prices, infiu-
enced by the small gain in worlds
stocks in September, $500, 900 bushels,
have ruled firmer and higher.
Bradstreet's monthly report of wheat
stocks shows total on Oct. l in this
country and Canada of %, 52S, 900 bush
els, d gain of 1915, 900 bushels for the
month, against Il, 746, 900 bushels a year
ago, while European stocks on a like
date are given at 100000 bushels, a
gain of only $780, 900 bushels, against
Ii ,200, 900 bushels in September a year
ago a combined gain is mere indicated
of only 15,500,000 bushels, against 27,-
100000 last year, and 100000 to d.
100000 bushels gain in 1895 and 1886.
Stocks in this country and Canada, east
of the Rockies, on Oct. are the small
est reported at that date since 1882.
Prices of leading staples, as reported
to Bradstreets, while showing rather
more irregularity in the majority, are
well held. Warmer weather early in
the week checked buying of heavy
goods at Canadian cities, but better
0nditiOns later have favorably affected
stributive trade. Toronto reports
) savy northwestern buying, with far
IS in that section still deDositing
.-eat in elevators. Deliveries are /
ilore liberal, although prices are still |
above az. export basis in Ontario. |
American lumbermen are reported hir- /
ing large numbers of men for work in |
Canada this winter
Canadian failures this week number /
%, against % last week, 45 a year ago.
81 in 1896, 81 in 1895. and 81 in 1894.