The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-03-26
This Is Dun's Conclusion In Re-
viewing Trade Conditions.
EVEN IN RAILROAD STOCKS
PRICES NEARLY AVERAGE SANE
AS TWO WEEKS AGO.
It Is Difficult, Continues Dun, to
Take Dismal Views When the Ma
ton Is Surprising ALI Records In
Market Products-Wool Trade
Metals-Failures

New York. March 25.-R. G. Dun &
Co S Weekly Review of Trade VIII say
in tomorrow's issue:
A waiting state Of things always him
ders business to some extent. With
more than $34,OOO,OOO in gold received or
on its way since this movement began,
with ample bank reserves and treasury
reserves, and redemption of notes in
all ways nearly third smaller than in
February, TO date. with no stringency
in the money market, and sterling eX-
change weak, with the large volume
of business at clearing houses outside
New York larger than in 1892 by So
per cent this month, and with failures
nearly 30 per cent smaller than last
year and % per cent smaller than in the
same month of 1892, sthere is not much
visible ground for panic, even if ear
nest efforts should fail to keep peace
with honor.
AVERAGE STOCK PRICES.
Warlike reports come every day. and
stock operators make the most of them,
and yet the average of railroad stocks
is $53.0S, against $500 two weeks ago
today Nor have industrial operations
been perceDtiblv affected except where
extraordinary buying for some weeks
past has made necessary a pause for
breath, so to speak, or where unnatural
prices had caused a halt before the de-
struction of the Maine. Some decrease
in new engagements would be expect
ed with war apparently near, but as
yet scarcely any indication of decrease
for that reason is seen. 1t is difficult
to take dismal views when the nation
is surprising all records in marketing
products.
AL
week have been 2,160,S26 bushels, as
against 1.272.2S6 last year, and in four
weeks, 1902. 514. -four included. against
5,103, 425 last year. with Pacific exports
4,232. 032 against S99. 242 last year. The
price has declined rs cents, but the
heavy shipments and contracts for ex-
port are having constant influence.
WOOL TRADE.
Sales of wool have been only 11,411.-
GOO pounds in three weeks, atsthe three
chief markets, against 46, sos, 300 pounds
last year, and quotations are yielding.
with sales of old wool y to cent below
current quotations for clothing. and
no indication that manufacturers are
nearing the end of their stocks.
Cancellations are numerous, but in
proportion to orders. smaller than for
five years past, and find natural ex-
PLANTATION in an advance of prices
greater in some lines than distribution !
seems to warrant Yet the mills are
nearly all full of orders for some
months to come, and rather more de- |
mand for goods is seen since colder |
weather appeared.
IRON AND STEEL.
The iron and steel industry is more |
fully employed than ever before in its |
history, and although production of |
Bessemer pig is almost beyond prece- ,
dent. the price advances and billets are |
still bought in open market by some |
of the largest producers. Other pig is
steady in price and no decline appears |
in finished products, excepting steel |
plates at the east, but for these the de
mand at Chicago is enormous as for
cars and agricultural implement mate
rails, pending orders for cars covering
500 to 1000 each. The structural de-
mand during the first quarter was so
per cent larger than in the same quar-
ter any previous year. and it is said
the demand for pipe is swelled by
pending contracts for 126 miles. Minor
metals are comparatively quiet: tin at
14.3c; lake copper at 12c: lead firm at
81: and nickel in heavy demand at
34c.
Failures for the week have been 251
in the United States. against 291 last
year, and q in Canada, against so last
year.