The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-03-19
Neither Peace Nor War Reports
Have Changed It's Course.
MERCHANDISE EXPORTS
THESE FURNISH TIE BACKBONE
OF THE SITUATION.
Outgo of Cotton Surpasses All Ex-
pectations-Wheat Moves In Spite
of Speculation = No Change In
Wool Quotations - Cotton Goods
Discouraging-Dun, Bradstreets.

New York. March 1S.-R. G. Dun &
Co.'S weekly review of trade tomorrow
Will say.
Neither peace nor war reports have
changed the onward current of bust
ness. Orders for more than S25, 800 900
gold from Europe have blocked any
drift towards stringency in rates for
money, and treasury receipts of about
sl,10O,C00 per day have kept in check
any question about the currency, while
exports of products have continued at
rate considerably increased and the
demand for products of the great in
dustrles shows steady expansion.
prompt action by the senate and
house has removed all fear of embar-
rassment through conflicting purposes
at washington. The government is
making ready without any waste of
time, while frankly assuring every
BODY that it looks for a peaceful set
uement and hopes that its prepara-
lions may prove unnecessary.
BACKBONE OF SITUATION.
The backbone of the situation is the
excess OF merchandise exports, more
than 100000 in February, with an
increase of $2.2000O0 in miscellaneous
products, S2, 1000 in provisions, &.500,-
0OO in cotton, and 81, 900 coo in bread
stuffs, compared with last year, and
sl5,O0O,OC0 in all products. In two
weeks in March exports have been Is
per cent larger than last year, and i'm
ports have gained but 81 per cent, al
though especially Swelled by receipts
OF india rubber, sugar and hides. The
out-So of cotton Surpasses all eXpecta-
ton, though the price was stronger
this week, and the export demand ap-
parently paid no attention TO market
fluctuations. Receipts from planta-
lions continue much better than at the
corresponding date from the largest
crop heretofore produced so that
guesses about the future crop are now
the main reliance of spectators.
WHEAT MOVEMENT.
Wheat also moves in spite of all
speculation. Atlantic exports, flour in
cluded, have been 1921, 500 bushels.
against 1,25S,390 last year. and from
Pacific ports. 1,371,S2 bushels. against
26S,5O0 last year, making for three
weeks from both coasts 10,659.125 bush
els, against 4,53S, Al last year. The
price has varied with conflicting re-
ports, but closed 1Ac higher for the
week.
WOOL.
Wool shows no change in quotations.
though eastern markets are extremely
dull and the indifference of manufac-
turers has made transactions only p
O62500 pounds. against 1881. 900 for the
week last year. and s.
0SS,20O for the corresponding week in
1882. The London market is rather
high and holders in the interior are
expecting material advance in
prices.
COTTON GOODS.
Little encouragement appears in the
market for cotton goods, with print
cloths sixteenth lower than a week
ago. and standard grades undersold
by many of less note. The demand is
large. but not large enough. In wool
en- goods, on the contrary, the mater
ial advance in prices has raised the
only obstacle to increased transa ctions.
and somewhat frequent cancellations
indicate that dealers have been disap-
pointed in their distribution. The small
yielding in wool may result in q
greater decline if this tendency in the
continues.
BESSEMER PIG.
Bessemer pig and gray forge are
both slightly stronger at Pittsburg, the
proposed combination of valley fur
naces helping, but pig is not changed
in price elsewhere. nor are finished
products at any point, excepting wire
nails. which are 5 cents per keg weak
pr, and steel rails. which are said to
be sold at 81. 80 at the east by some
establishments.
While activity is great in the cen
trail and western regions, there is less
demand at the east
Failures for the week have been. 20S !
in the United States, against PIG last /
year, and p in Canada, against 50 last |
year.