The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-04-30
Dun Puts 1898 Forward With a
Great Deal of UnctiOn.
BUSINESS OF RAILROADS
APRIL EARNINGS 1879 LARGER
THAN LAST YEAR.
Advance In Wheat Is Proof That the
Speculation Has Not Terminated
Confusing Accounts of the In
dustries-Consumption of Iron,
Greatest Ever Known.

New York, April 29.-R. G. Dun &
Co.'S weekly review of trade will say
tomorrow:
Hostilities have not as yet changed
last weeks conditions. There is much
postponement of orders by men who
do not know what they are waiting for,
and much restriction of loans by banks
which are abundantly strong. All this
checks new business and yet the vol
ume of transactions through clearing
houses is 5 per cent. larger than the
same week in 1892, with no foreign
troubles. But this increase would be
much larger but for speculative stag
nation here, New York clearings being
81 per cent. smaller than in 1852. Raj
roads are doing a great business, 81
per cent. larger than i'll 1892 in April
earnings thus far, and 1879 larger than
last year.
ADVANCE IN WHEAT.
1t has been asserted about every
day for the past two weeks that the
wheat speculation has eliminated, but
the price has in that time advanced
21la cents, 81 cents within the past
week. Receipts of 2.746, $50 bushels at
the west this week, against '1,552 ,S33
a year ago, and averaging 100000 bush
els per week for January, FEBRUARY anG
March, show no exhaustion Of supplies,
while exports amounting to 3,lOi,6l5
bushels from Atlantic ports against
643,148 last ytar, and 7S6,07S from Pa
cific ports against 1S6,134 last yEor
flour included in all cases. makes eX-
ports for the four weeks 12,OS3, 1913 from
Atlantic and 2,SS0,020 from Pacific ports,
and for the crop year thus far $780,
Gel, 6zS bushels, against 12I,l5S,6S4 dur
ing the same months and weeks OF last
year.
Corn exports for the week were 9,77S,-
$50 bushels against 3,029,O46 last year
and for four weeks have been 1885,
6S1 bushels against II, 1925 bushels
last year. This makes about Isl ,OOo,OUO
for the crop year. No such foreign de-
mand for both grains has ever been
known, and it does not seem to be sat
lated at all as yet
THE INDUSTRIES.
Confusing accounts about the great
industries cannot cause surprise IN
view of the contradictory influence OF
monetary StringeneyA curtalilng many
orders, heavy orders by the govern
ment in many branches, and the all
pervading confidence that after tenn
porary conditions business is to be bet
ter. The government is buying many
uniforms and great quantities OF sup
plies, cloths, shoes, copper wire and
iron for vessels and armament and the
purchase of many ships compels build
ing of other vessels.
Banking caution at the same time is
stopping work in some iron and wool
en- mills ct confidence as TO future
business causes refusal of very many
contracts for long time, the holding of
wool above it's current manufacture
value and marked rise in hides.
GREATEST EVER KNOWN.
The consumption of iron is
still the greatest ever known,
car contracts have been de-
ferred. The week has witnessed east
ern inquiries for plate at Chicago and
a general advance of 81 per ton, with
refusal of bids by implement makers at
Chicago for bar iron. because higher
prices in the future are expected and
eastern buyers of bars from Chicago
for car building, with a shade lower
prices at Pittsburg for bessemer pig
because the associated producers held
to agreed prices, although middlemen
are selling at lower figures.
In spite of any agreement by found
rymen and forge producers, the price
Of gray forge at Pittsburg, slightly de-
clines. Considerable orders for steel
rails for export have been received dur
ing the week With but two or three
structural orders of consequence, the
works are fully employed for months
to come.
IN WOOL.
Wooden manufacturers are doing
rather better, large government orders
helping. Sales of wool are about a sixth
of last years for April, half of those in
1896 and a third of sales in 1892, though
eastern buyers are weak but country
holders are sticking for higher prices.
Failures for the week have been 262
in the United States against 231 last
year and 16 in Canada against 40 last