The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-04-09
War or Peace Does Not Disturb In
dustrial Production.
WEEKLY TRADE REVIEW
GLOWING REPORTS PRESENTED
BY TWO JOURNALS.
Wheat Outgo Counts For Much and
Continues-Nearly All Industries
Are Keeping Their Whole Force
Employed-Wool Declined 2 Cents
For Finer Grades-Failures.

New York, April S.-R. G. Dun &
Co.'S weekly review of trade will say
tomorrow:
When everybody is asking whether it
is to be war or peace. the state of bus
mess is not easy to judge. Since no.
body can judge just how wise bankers
may be, in an emergency, there is some
uncertainty. but thus far scarcely any
stoppage whatever of manufacturing
concerns appears, nor any indications
that the producing force is likely TO
be diminished, nor is any such symp-
tom to be seen in business reports.
Every condition is either confusing or
unfavorable. So far banking conserv-
atism has not caused failures, which
continue smaller than for many years,
nor has it caused stoppaSe of any man
ufacturing concerns. nor lessened the
volume of business reported by rail-
roads in tonnage, or clearings at prin-
cipai points.
WHEAT OUTGO.
The wheat outgo counts for much
and continues, Atlantic exports having
been 2.2412l7 for the week, against
1,521 122 last year; and Pacific, 1,226,574
bushels. against 44I,5S5 last year. Since
corn exports continue. 3,4S3, $50 bushels,
against 3.323,277 last year, the strength
of the demand is not to be attributed
to speculative agencies. 1t is fortunate
that western receipts of wheat do not
fall short of the extraordinary gain, but
are still 1,901,305 against 1,1S9, ITO last
year, so that the stories of the nearly
exhausted supplies of wheat are fables
for children. The price rose steadily
and closed . cents higher for wheat,
with corn ] cents higher.
GREAT PRODUCTION.
Every industry meets enormous over
production, compared with correspond
ing demands in any other year. how
ever prosperous, and yet nearly all are
keeping almost their whole force en-
ployed and some are increasing force.
In one branch of wooden manufactures
two carpet mills have stopped or are
about to stop, as it is between seasons,
but much complaint of cancellation be-
cause of higher prices and possibly
in some cases because of inferior quail
tiles, has not been followed by reduced
production. Sales of wool are insignifi-
cant, and prices have declined cents
for finer grades. and over l cent in
the average for ali quotations, only be-
cause speculat tors wholly underestimate
ed stocks held by manufacturers. In
the iron and steel industry, with de-
greater ever DSlOlG
general sources. and urgent orders from
the government TO enlarge work, no ad-
vanced prices are noted.
GOOD REPORT.
Disaster in trade shown this week by
separate branches of business for the
month of March, and also the first
quarter of 1898. make the best report
that has been possible for five years.
1t is interesting to note that nearly all
branches OF business show surprising
movement.
Meanwhile banks are extremely eau
tious. and commercial loans are but 10
per cent of their aggregate. The be-
lief that quick expansion in all branches
would follow Hberality and patriotism
by the banks is not wholly unfOunded,
and the heavy receipts Of gold from Eu-
rope counts for little. compared with
the greater or less .liberality in loans
by banks Disturbance does not yet APP
pear. however, and failures for the
week have been 2S2 in the United
States, against 252 last year. and 80 in
Canada, against SO last year.