The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-11-19
Mercantile Agency Finds More Evil
dence of Prosperity.
SHOWN BY THE BANKS
A MISUNDERSTANDING WEEK FOR
CLEARING HOUSES.
Idle Plants Have Resumed and There
Is But One Important Labor
strike-Wool Manufacturers Have
Received Some Orders and Wool
Sales Have Been Heavier.

New York, Nov. 1S.-R. G. Dun &
Co.'S weekly review of trade tomorrow
will say. The situation is clearer and
the Improvement in business which was
expected after the election has begun.
Payments through clearing houses are
far the largest ever known for the
week. 1878 per cent larger than last
year. and 80 per cent larger than in
1892. The glass workers have resumed,
the anthracite coal output is heavy and
much beyond the present capacity of
markets, the troubles in Illinois coal
mines have been settled and the new
strike of shoe workers in Marlboro,
Mass, is now the only labor hindrance
of consequence.
It is noteworthy that in spite of all
changes, the price of spot wheat has
but slightly changed. The exports for
the week, flour included, have been
S,96S,76S bushels from Atlantic ports,
against 1921, 344 last year, and from Pa
cific ports 9SS093 bushels, against 2,191,-
334 last year, making in all for two
weeks of November, 9.312,33 bushels,
against 9,939,S04 last year. Such re-
turns kave wide room for conjecture
as to the influences governing the price,
but with 1887 311 bushels received at
western points during the week, and il
two weeks 20,261, $50 bushels, against
1925 67 last year, it can no longer be
said that western supplies threaten to
run short.
The wooden manufacturer has gained
in orders for the coming season, which
justifiess the heavy buying of materials
recently seen, and there-are also better
orders for speedy delivery, but the de-
mand is net large, and much machinery
is still waiting idly. While sales Of
wool at the three chief markets were
heavy, %, 234, 500 pounds in three weeks,
against 1856. 902 last year, and II, 103,
100 in 1891, they include two large sales
for export, covering 100000 pounds of
Montevideo and Australian wool at Is
and Is cents respectively, which make
clear the fact that prices asked by
holders here are relatively high. Some
concessions at. Philadelphia follow those
at Boston, though the market is, on the
whole, steady.
Iron is in bigger demand all the time,
and yet production steadily increases,
and at PittsbuEg, Besserner pig is
slightly lower at s10.10, the new asso-
citation being undersold. Orders for
plates are beyond all precedent, includ-
ing material foI#cars, bridges, vessels
and work of alI5 sorts, and structural
work is seasonably quiet, though the
mills have much ahead, while in bars
the demand is considerably better at
Pittsburg, with orders for material for
5000 cars at Chicago. Some works at
the east are, short of orders, and prices
are held back. The expectation is that
the proposed rail association will meet
an extremely heavy demand next year,
especially for trolley lines, but it is
stated that prices will not be adj
vanced above $50 at the east and $2t
at Chicago In iron products the next
will probably be a, notwithstanding
year.
Failures for the week have been 239
in the United States against 267 last
year, and &c in8Canada, against go last
year.