The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-11-12
Mercantile Agencies PrOpheSy
Further Gains In Business.
WOOL IS AN EXCEPTION
LIGHT SALES, WITH BIG SUP
PLIES ON HAND.
Holders Still Refuse to Abate Their
Prices-October Was a Record
breaker For Trade = Wall Street
Spectators Believe the Silver
Question Is Settled.

New York, Nov. 11.-R. G.. Dun &
Co.'s weekly trade review will say to-
morrow: The country has safely pass
ed the trial Of off-year elections. Be
fore this election everything except Pc
litical uncertainties favored business
enlargement. The volume of trade has
been the greatest ever known in Octo-
Der and the greatest ever known in any
month except December, 1892.
The record on November thus far
shows clearings 10.4 per cent larger
than last year and 93 per cent larger
than in 1892. The railroad earnings in
October have been 80 per cent larger
than last year, and so per cent larger
than in 1892. Foreign trade shows an
increase Of 20 per cent in October ex-
ports, with So per cent in exports from
New York last week, while imports
showed a gain Of only p per cent IN
October and credits against foreign
bankers were piling up at an inconveni-
ent rate There was absolutely no anx-
iety about the currency, and the treas
ury is only too strong. When enor-
nous exports of products are consid-
cred, it seems quite impossible for the
country to meet with serious monetary
trouble, especially in view of the past
surplus in favor of this country.
recovered all the loss with Atlantic ex-
ports, flour included of 1888, 500 bush
els against 1924, 4S9 last year and Pa
cific exports 1,016,961 against 1882, 1852
last year. Western receipts 9,924.045
bushels for the week, against 7,255,514
| last year, continue to render the hold
ing back of stocks manifestly a, fail
ure. Cotton remains at the lowest
| prices on record, with heavy receipts
and without large milling demand.
! Iron production Nov. l, was 22S,935 tons
/ weekly, against 215,635 Oct. l, and de-
| crease is seen OF 81, 241 tons in stocks
unsold outside the holdings of the great
steel companies, indicating an actual
consumption of 1,01e,646 tons in October
and 2S3 tons greater daily than the
! largest ever shown in any previous
/ month on record.
Wool sales for the past week We're
/ only only 4,735000 pounds at the three
chief eastern markets, and were Sc
cured by concessions at all markets,
as last week, making. Is, 234, 800 pounds,
against 6,652, 902 for the same two
weeks last year and 122S9. 600 for the
same weeks in 1892 Holders are re-
fusing to abate their prices, though
| large manufacturers bid below current
market prices, because of their uncer-
! tainty in regard to the demand for
wooden goods, which has somewhat i'm
proved and yet not greatly. 1t is grow
ing in the minds of holders of wool at
the east that the supply of foreign and
| domestic wool ON hand is much greater
than has heretofore been supposed.
Cotton goods are on the whole in bet
! ter demand, although denims are
slightly lower and little can be said of
encouraging character as to the de-
nland for staple goods of domestic use.
Failures for the week were 221 in the
United States against POI last year, and
&c in Canada, against "a last year.