The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-02-26
Together With a Review of Past
and Present Conditions.
NO CHECK TO INDUSTRY
WARS RUMoRs ONLY AFFECT
SPECULATION.
Dun's Explanation OF a Recent Drop
IN Wheat-New Business In
Woolens Not Encouraging-In-
crease of Silk Manufacture
Strength of Iron Trade

New York. Feb. 25.-R. C. Dun & Co. s
weekly review of trade viii say tomor-
row:
Foreign possibilities have much affected
speculation and caused hesitation in some
large business operations. possibly ac-
counting in part for check in the rapid
advance OF wheat. but industrial produc-
ton continues larger than ever. a few
more works being added to the active list,
with a decrease in the number of hands
on strike, and renewed evidence that The
volume of business IS larger than in
February of any previous year Nor
is there any symptom of a senSeleSS craze
based on rising prices. The legitimate
export and domestic demand presses
closer to the capacity of works, and
though there is no Eighty advance IN any
line. and in all narrowness of profit IS a
matter of complaint, new business for
this dull season is unprecedented.
WHY WHEAT DECLINED.
Wheat continued its progress upward
until SI0SS4 was reached on Monday. but
declined SAC later, as if there were fears
that Spain would somehow stop British
vessels from taking wheat across the
water. Any yielding based on foreign
possibilities deserves little notice, but the
price has advanced about 10c since Chi
cago spectators last took occasion TO
shake off weak followers, and the OPP
portunity for reaction was inviting. There
is no abating of foreign demand. Atlantic
exports were 96S Sl4 bushels, -four in
Guided. for the week, against 1926. 444 last
year, and Pacific exports l.576,3l6, against
l36.464 last year, and in view of current
excitement these figures are more import
ant than the aggregate for four weeks,
10.496.9l2 bushels. against l,6il246, from
Pacific ports. Corn exports for the week
were AS per cent less than last year,
but the cash price declined but slightly
The spot price of cotton was not affected.
1t is not the season for much improve
ment in textile manufactures, but the
cotton branch has gained by the closing
of the strike in one Fall River mill and
BY the addition of some works at the
south.
TRADE IN W0OLENS.
The wooden manufacturer meets many
cancellations, especially in goods sold
early without definite price. but is doing
more than ever at this season. though
new business in the higher grades of
worsted and woolens is not particularly
encouraging. Sales of wool are SLOW,
with weakness in clothing. amounting to
about &c decline from the highest point,
indicating that mills have at present
abundant stocks. but some are selling
other qualities. In goods of medium and
low grades the demand continues large.
SILK MANUFACTURE.
able increase during the last six months.
having imported raw material far in ex-
cess of consumption in any previous year
and at rate 40 per cent above the i'm
ports in the last census year.
IN IRON.
The iron manufacture has more de-
mand for products and slightly better
prices for Bessemer pig. which has adj
vanced to 5000 at Plttsburg. with Gray
Forge unchanged there. local coke strong /
at Chicago in spite of some southern
weakness and eastern anthracite really
good. though quotations are a shade |
lower. No finished products have
changed in price, and all are strong in /
demand. excepting bar. which 4 combina-
ton has failed TO advance. Some large |
contracts are reported. especially in car /
and bridge building. Minor metals change |
but little, tin weakening a shade to 14c, |
with large receipts.
Failures for the week have been 233 in /
and so in Canada against 80 last year.