The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-03-12

New York, March 11-R. G.. Dun 6;
( Co.'S weekly review of trade will say
I in it's issue of tomorrow:
1t is most gratifying that no indus
try or branch Of business shows no
restriction or hindrance, but some have
been rapidly gaining for the past week
and month. The railways are gaining
I even while spectators are selling their
stocks, and the demand for products
for all the great industries is increas-
ing. More gold Is coming from Europe
than is needed. $10.S6S. 900 having been
ordered during the past week, and
money markets are nowhere alarmed or
stringent, though reasonably more eau
tious. The country rests assured that
its industries, almost all Of its bust
ness, the foreign demand for its pro-
ducts especially and all its resources,
are beyond the reach Of any foreign
power. and that its honor and foreign
interests are in safe hands.
WHEAT EXPORT.
The greatest of all industries is send
ing grain forward as If there were no
limit to the supply. Wheat exports have
been ALL 97 bushels. flour included.
against 1,26S.171 bushels last year from
Atlantic and Pacific ports, and for two
weeks, 7.462,730 bushels, against S,e16.-
54S bushels last year. Exports of corn.
in spite of a smaller yield have been
I.I06,494 bushels. in two weeks, against
$685. 699 last year, when they surpassed
all records, wheat declined 215 cents.
but corn did not change during the
week.
Cotton declined an eighth, setting of
fertilizers indicating less reduction of
acreage this year than was expected.
Exports of principal products in Feb
ruary were SCI 634 091 in value, with
increase over last year of about 80 per
cent in breadstuff, in cotton, % per
cent, and 25 per cent in the aggregate.
LEAD AND IRON.
The weekly output of pig iron, 22S,2 $50
tons, Feb. l. but 330.12S March l, and
the increase of unsold stocks in Feb
ruary was only $500 tons weekly, leav-
ing 225, 532 tons weekly for exports or
consumption, against 21S,457 in January,
and 215.249 in November, 1895, the
month of greatest consumption before
this year. For four months production
has gained a little, but consumption
still more, and If preparations for war
last only q few weeks, they will add
much to the demand. Other consump-
ton for railroad cars, for vessels on the
lakes, or elevators and oil pipe lines
for agricultural implement works and
for sheets, is beyond precedent. and
structural and rail works are crowded
with orders, though now receiving few.
Iron bar works are depressing prices,
because some are not fully employed.
while the steel bar mills at Milwaukee
have to put on three eight-hour turns
daily to keep up with orders. Prices
are very strong, except for wire nails
which dropped because the great wire
combination fell through, though the
smaller agreement is expected, and in
some western dispatches is said to have
been formed.
COPPER AND OTHER METALS.
The minor metals are generally strong
in demand, sale of 1000. 900 pounds of
copper being reported at u cents,
though the usual quotation is 1877,
and the product last year was sos, POI
tons, against 219,970 consumed in this
country. Tin is strong at 14.25 cents,
and spelter at -. but lead is weaker at
SO. III, and tin plates at S2.S5 for the
best, against "a for foreign.
WOOL TRADE.
Sales of wool for this week have been
the smallest since the week of greatest
alarm, in August. 1895, but not because
any mills have stopped work. Cancel
lations are frequent and jobbers have
evidently failed to sell as much as they
expected at the advanced prices asked,
but even those would not be possible
had wool cost the millers' current mar
ket prices. Little wool can be moved
with a new clip near and heavy stocks
still in mills, without further reduc-
tons. Goods are now lower in quail
tiles less wen known, though unchanged
on standard grades Cotton goods have
the large distribution, and prices are
generally steady, though in outside
dealings print cloths are shade lower. /
Prints are in better demand.
Failures for the week have been 24S
in the United states, against 256 last
year. and SO in Canada. against 81 last |
year